Overnight, the US market ended flat even as macro-economic data hinted that inflation was trending lower, thus raising bets of a likely sooner-than-expected change in interest rate cycle. US-based Foot Locker has entered into a a long-term licensing agreement with Metro Brands and FSN E-Commerce Ventures, the parent company of  Nykaa Fashion, for marketing the former s products in India. The former too seems likely to list at a healthy premium of around 35 per cent, while the latter may see muted introduction, suggests GMP.According to Nuvama Alternative & Quantitative Research these four stocks are expected to draw the highest inflows among domestic stocks on account of the US Federal Retirement Thrift Investment Board s decision to change the benchmark index for gaining international exposure. The US 10-year bond yields dipped to 4.263 per cent.
US market ended flat despite positive inflation data, indicating a potential shift in interest rate cycle. Foot Locker partners with Metro Brands and Nykaa Fashion for India expansion, with Foot Locker expected to list at a premium and Nykaa Fashion facing a muted introduction. Nuvama Alternative & Quantitative Research predicts high inflows for four domestic stocks due to a benchmark index change by the US Federal Retirement Thrift Investment Board.