Nishant Mittal

Good discussion Monday morning as Aaron joined Bloomberg TV and Bloomberg Radio to talk through the semiconductor trade, earnings strength beneath the surface of the market, and why inflation may continue to complicate the Fed’s path forward. A few key takeaways: 🔷Semiconductor exposure is increasingly driving returns globally, not just in the U.S. 🔷Earnings growth remains broader and healthier than many headlines suggest 🔷Consumer pressure and market performance continue to tell two very different stories 🔷The market may be underestimating how long the Fed remains on hold if inflation stays sticky Interesting conversation around how AI capex, labor market resilience, and inflation expectations continue to intersect across both markets and the broader economy. #BloombergTV #Markets #FederalReserve #AI #Semiconductors #Investing #Macro #Equities #ClearHarbor

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Mizuho Financial Group is buying a controlling stake in KKR & Co.-backed investment bank Avendus Capital Pvt, marking the latest bet by a Japanese lender on India’s rapidly expanding financial services sector. Japan’s third-largest bank got agreement from a major shareholder to purchase 61.6% of the Mumbai-based firm. I report with Taiga Uranaka and HIDEKI S. for Bloomberg .. Edits by Anshuman Daga https://lnkd.in/gppazNhV

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📈 REITs Got an Equity Upgrade! India’s listed REITs surged 8% in just two days after SEBI’s move to reclassify them as equity. This shift could open doors to greater liquidity, mutual fund inflows, and potential index inclusion. But here’s the real takeaway ⬇️ While the label has changed, the fundamentals remain the same. ✅ REITs are excellent for steady income (5–7% yield) and modest capital appreciation ✅ They help diversify portfolios and reduce volatility ❌ They are not substitutes for equity stocks or vehicles for massive wealth creation In today’s volatile markets, REITs remain best seen as a stability anchor – offering rental income, steady growth, and diversification benefits. Bottom line: Use REITs as a diversifier, not a replacement for equity. #REITs #WealthManagement #Investing #PortfolioDiversification #MutualFunds #SEBI #EquityMarkets #FinancialPlanning

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Anil Rao examines a striking paradox: The U.S. software & services industry rivals Japan in market cap — and right now it's being repriced wholesale, not stock by stock, but as an entire category. Factor signals are flashing at historically rare levels. Yet earnings forecasts are still rising. Are markets running well ahead of the disruption they fear? Learn more: http://ms.spr.ly/6048QAe8w

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Moelis is pleased to act as Financial Advisor to TPG Rise Climate, the dedicated climate investing platform of TPG, on its acquisition of Pike Corporation, one of the leading national providers of turnkey infrastructure services for the electric grid. #DealAdvisory #BusinessServices Press release: https://bwnews.pr/48kRu8a

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𝑭𝒊𝒏𝒔𝒄𝒉𝒐𝒐𝒍 𝒃𝒚 5 𝒑𝒂𝒊𝒔𝒂 𝒉𝒂𝒔 𝒔𝒊𝒎𝒑𝒍𝒊𝒇𝒊𝒆𝒅 𝒄𝒐𝒎𝒑𝒍𝒆𝒙 𝒎𝒂𝒓𝒌𝒆𝒕 𝒄𝒐𝒏𝒄𝒆𝒑𝒕𝒔! I just went through their latest post on Stock Market Indices, following the earlier module on Products in the Secondary Market. What I really appreciate is how they are building this journey step by step—first helping learners understand what gets traded, and now showing how the market’s collective performance is measured. The way they connected Sensex and Nifty to investor sentiment, benchmarks, and portfolio strategies makes the topic not just informative but actionable. It’s exactly the kind of structured financial literacy content that empowers learners to move from passive reading to active analysis. 𝑳𝒐𝒐𝒌𝒊𝒏𝒈 𝒇𝒐𝒓𝒘𝒂𝒓𝒅 𝒕𝒐 𝒕𝒉𝒆 𝒏𝒆𝒙𝒕 𝒎𝒐𝒅𝒖𝒍𝒆 𝒊𝒏 𝒕𝒉𝒊𝒔 𝒔𝒆𝒓𝒊𝒆𝒔!

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Retail Is No Longer on the Sidelines. It’s at the Center A few years ago, retail investors were considered fringe participants in the stock market story. Today, they’re writing the script. In today’s #DivyaBhaskar column, I discuss how Indian retail investors now make up 40% of daily cash market volumes, a dramatic rise fuelled by technology, savings, and changing mindsets post-Covid. This surge has brought both opportunity and volatility. But it also means that domestic demand can increasingly balance FII outflows. The implications go beyond trading patterns. It’s a shift in ownership, participation, and financial empowerment. #PMS #Insight #Markets #Retail #Retail #Stocks

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📉 The semiconductor industry is growing - but not evenly. Following the recent SEMI webinar on CAPEX and capacity outlook, one thing is clear: while the market is projected to grow 8.86% in 2025, that growth is highly concentrated. 🔍 Dr. Handel Jones from IBS presented an insightful view of where—and how—that growth will unfold. A few highlights stood out: 📌 Data centres and AI are dominating. Demand for AI chips is exploding. By 2030, AI-related semiconductors will account for over 70% of total chip value. Data centre CAPEX is booming, and TSMC’s 25% revenue growth in 2025 is fuelled largely by this trend. 📌 Advanced nodes = advanced packaging = rising CAPEX. 2nm processes are ramping fast, driving a surge in advanced packaging investments. But it's not just more EUV steps - new deposition, etch, and integration techniques are making fabs more capital-intensive than ever. 📌 Meanwhile, mature tech is saturated. Excess wafer capacity still lingers at mature nodes. CAPEX here is likely to stay flat or decline, even as Chinese fabs add domestic capacity. 📌 Automotive, consumer, and wireless? Mixed signals. Smartphone shipments are inching upward thanks to AI at the edge. Automotive is increasingly reliant on semiconductors, but mostly in China’s EV boom. Traditional markets remain flat or under pressure. So what does all this mean? Here’s the thing: The industry is bifurcating. A few power players are driving most of the growth - TSMC, NVIDIA, hyperscalers - while the rest face stagnant demand and cost pressure. 🔄 That structural imbalance should prompt a rethink - especially at the fab level. 💡 The takeaway for fab leaders: If your fab isn’t in the middle of the AI wave or building at 2nm, you’re not out of the game, but you can’t afford business-as-usual. Now’s the time to: ➡️ Embrace automation to reduce dependency on shrinking workforces ➡️ Invest in intelligent planning and predictive maintenance ➡️ Revisit your cost models to stay agile ➡️ Rethink legacy systems—before they become a drag on performance and a barrier to progress Let’s be real: the fabs that thrive will be the ones that act like innovators—not just manufacturers. What’s your take? Are we witnessing a fundamental reshaping of the industry, or is this just another cycle? #semiconductors #smartmanufacturing #AI #digitaltransformation

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I'm excited to share that our Industrials investment banking team recently completed its fourth sell-side transaction in the Refractory Products and Services sector. Our deep understanding of market dynamics has enabled us to create value for our clients time and again. Our team prepared the attached market overview to highlight the attractive qualities of refractory businesses while also addressing potential risks. Explore our insights to understand the full potential of the refractory industry and how we can support your strategic objectives. #RefractoryGrowth #InvestmentInsights #M&AStrategy https://bit.ly/45dKkky

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In an interview with Mint, Mahesh Natarajan, our Head of Equity Capital Markets, India, discusses institutional investors’ growing confidence in the Indian equities market and his views on IPOs, block trades, valuations and market sentiment. Read it here: https://ow.ly/cyHM50WOWzM

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L&B White Paper: The Executive Compensation Conundrum - How Much is Too Much? Link to white paper: https://lnkd.in/e4rpX4BD 15 REIT CEOs have consistently underperformed their proxy peers, yet their executive compensation was rarely adjusted Executives should be subject to the same review standards as other employees and removed for underperformance Shareholders can best express their frustration by voting against the compensation committee members and say on pay

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As India’s Capital Markets deepen and Wealth creation accelerates, IIFL Capital Services is positioning itself as a next-generation institutional financial platform with scale, diversification, and strong execution capabilities. Reinforcing confidence in the business, long-standing partner Fairfax India has announced a ₹2,000 Cr. capital infusion into the company. The investment is expected to strengthen IIFL Capital’s balance sheet and support expansion across key verticals including institutional broking, investment banking, wealth management, and capital market solutions. Backed by a legacy spanning over 30 years, IIFL Capital combines deep market expertise, strong distribution network, and institutional capabilities, creating a comprehensive platform designed for HNIs, institutions, corporates, and global investors. The Fairfax partnership represents more than capital infusion; it reflects a long-term strategic plan focused on building one of India’s leading financial services institutions. Nirmal Jain R Venkataraman Raghav Gupta Prakash Bulusu Vasudev Jagannath Narendra Jain H Nemkumar #IIFLCapital #FairfaxIndia #CapitalMarkets #IndiaGrowthStory #FinancialServices #WealthManagement

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Not all guidance is created equal. Some is explicit. Some is buried in management commentary. Companies quietly adjust revenue ranges, margin expectations, demand commentary, or segment outlooks - sometimes just a sentence or two that changes the entire forward story. Hudson Labs has a proprietary model designed to detect ALL forward looking statements made in an call. - Guidance revisions (raised, lowered, or reframed) - Subtle outlook changes in management commentary - The catalysts likely driving those revisions - Similar shifts happening across peers and industries Instead of manually digging through transcripts and filings, you can immediately see what changed, why it changed, and where it might show up next. Because the market doesn’t move on the past quarter. Below is an example on ORCL (Oracle), who reported last night. https://lnkd.in/eD_4EdFh

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It’s here! Fidelity’s Portfolio Construction Insights report is out now – with the latest asset allocation trends and expert commentary from my colleague Mayank Goradia, CFA, SVP and Head of Integrated Portfolio Construction Delivery. Check it out and get ideas for optimizing client portfolios: https://bit.ly/402jglh

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New Middle Market Musings — Regions Bank’s Rit Amin! Rit Amin is Executive Managing Director and Head of Capital Markets at Regions Securities LLC, the investment banking arm of Regions Bank. Rit has overseen the firm’s entry into capital markets, as well as the acquisition of BlackArch Partners in 2016 and Clearsight Advisors in 2021. His visit to Middle Market Musings begins with frequent childhood moves – experiences that helped develop the adaptability and room-reading skills at the heart of the investment banking trade. Much discussion about where Region’s 300+ bankers adhere to a common culture and where they focus on specialized practice strength. Conversation also features a rare point of agreement between Charlie and me – the general suckiness of Ted Lasso! This episode and others at https://lnkd.in/eWkKR_v

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Over the last few months, one theme has become increasingly clear in the Indian REIT market: We are moving from a “yield story” to an “institutional infrastructure story”. SEBI’s evolving regulatory approach, increasing domestic participation, and continued office asset resilience indicate that Indian REITs are no longer being viewed merely as alternative investment products. They are gradually becoming part of mainstream institutional allocation frameworks. What is equally interesting is the operational shift happening beneath the surface. As REIT structures scale, the expectations around: - distribution accuracy - valuation governance - lease-level reporting transparency - audit readiness - occupancy analytics - investor communication are becoming materially more sophisticated. In many ways, the next phase of REIT growth in India may be determined less by asset acquisition velocity and more by operational discipline and reporting maturity. The market is evolving from “owning quality assets” to “running institutional-grade platforms”. That transition is where long-term credibility will be built. Share your thoughts on Institutionalization of Indian REITs in comments. #REIT #realestate

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Featured in a Q&A with Outlook Business, Moelis India CEO Manisha Girotra discusses how India’s capital markets are undergoing a structural shift, driven by the rise of domestic capital pools across banks, mutual funds, private equity, and private credit, supporting M&A, buyouts, and long-term growth. She also highlights how stronger public markets, evolving founder mindsets, and India’s scale and governance are attracting global investors, while AI opportunities are expected to center on real-world implementation across industries. #IndustryInsight Click here to read more: https://bit.ly/4sGBHI6

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Why is there often a disconnect between unlisted share prices and the final IPO band? Is it a scandal or a symptom of how different markets operate? I addressed this central question, for investors in general, in my recent article for CNBC-TV18, using the current market conversation as a clear illustration. The key lesson: true price isn't whispered in an exclusive room; it is only discovered in the open arena #IPO #UnlistedShares #GreyMarket #Investing #PriceDiscovery #FinancialLiteracy #HighbrowSecurities #CNBC #SMEIPO #SEBI #NSE #BSE

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