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Market Daily Report: Bursa Malaysia Ends Lower as Investors Eye US Data, BOJ Decision

KUALA LUMPUR, Dec 5 (Bernama) -- Bursa Malaysia closed lower on Friday amid mixed regional market performance as investors turned cautious over a possible rate hike by the Bank of Japan (BOJ) and upcoming US economic data that may influence the Federal Reserve’s (Fed) interest rate decision next week.   At 5 pm, the FTSE Bursa Malaysia KLCI (FBM KLCI) pared most earlier losses to settle 4.55 points easier, or 0.28 per cent, to 1,616.52 from Thursday’s close of 1,621.07. The benchmark index, which opened 0.37 of-a-point lower at 1,620.70, moved between 1,609.67 and 1,621.25 throughout the day.  The broader market was negative, with decliners outpacing advancers 604 to 439. A total of 550 counters were unchanged, 1,151 untraded, and 18 suspended. Turnover declined to 3.17 billion units worth RM2.24 billion from 4.48 billion units worth RM2.75 billion yesterday. Rakuten Trade Sdn Bhd vice-presiden...
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Title: India’s Tech Stocks Are Back in Play: Earnings Optimism and Seasonal Tailwinds Drive Rally

Tech Watch: Nifty IT Rebounds, Bulls Take Charge

Key Takeaways:

  1. Nifty IT Outperformance – Indian tech stocks are delivering their best relative performance to Nifty 50 this year as the price ratio rebounds from a multi-year support level.

  2. June Quarter Earnings Tailwind – Analysts expect a solid earnings season ahead for software exporters, with strong seasonal trends and improving fundamentals.

  3. Broader Market Boost – FMCG margins are set to rise due to falling agri-inflation, while electricity futures add depth to India's evolving derivatives market.

Indian tech stocks are once again grabbing attention, with the Nifty IT Index staging a sharp rebound against the broader Nifty 50. The ratio between the two has bounced off a key 1.4x support level, signaling further upside, according to JM Financial.

This resurgence is underpinned by optimism around the upcoming June-quarter earnings. With seasonality working in their favor and cost bases stabilized, software exporters are poised to shine.

Broader market sentiment also remains constructive. Analysts at Antique Stock Broking expect falling agricultural inflation to boost margins for top FMCG names like Hindustan Unilever and Nestle India, easing raw material pressures that have weighed on the sector.

Meanwhile, the NSE and MCX are gearing up to launch monthly electricity futures, a move set to benefit power producers and large consumers by giving them new tools for price risk management. It’s a clear sign of deepening financial infrastructure as India’s energy market matures.

However, not all sectors are riding high. Paper stocks continue to struggle amid erratic demand and cost pressures, with BOB Capital projecting flat margins for the quarter. Names like JK Paper and Huhtamaki India have underperformed sharply YTD.

Analyst Actions:

  • Voltas: Raised to Buy at Avendus Spark, PT ₹1,516

  • FIEM Industries: Cut to Reduce at NMV Securities, PT ₹1,670

  • JK Lakshmi: Initiated at Buy by Asit C Mehta, PT ₹1,013

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