Stock Market Today: Wall Street ended lower as rising crude oil prices and escalating US-Iran tensions weighed on investor sentiment, while GIFT Nifty signalled a weak start for Indian markets. (Image: Canva/ET Now) Stock Market Today: The US stock market ended slightly lower on Monday (local time) as rising crude oil prices, driven by escalating…
Equirus Securities (a Mumbai-based broking firm with about $3.6 billion in assets at the end of March 2026) wasn’t excited about Reliance Industries (RIL) for nearly 4 years, then turned ‘long’ on India’s largest stock by market capitalisation about a month earlier. “One of the reasons was the underperformance…. we are saying that earnings have…
Shares of Tatva Chintan Pharma Chem Ltd. surged as much as 18% on Monday, July 20, after the specialty chemicals company reported a strong set of June quarter earnings, with revenue, operating profit and net profit registering sharp year-on-year growth. Revenue for the quarter rose 42% to ₹167 crore from ₹117 crore in the corresponding…
Mahindra & Mahindra Ltd.’s subsidiary, Swaraj Engines Ltd., reported its June quarter results on Monday, July 20, following which the stock gained up to 3%. Swaraj Engines reported its highest ever sales and profit for any quarter, the company said in its exchange filing. For the June quarter, Swaraj Engines’ net profit grew by 11%…
Electric vehicle manufacturer Ather Energy Ltd. on Monday, July 20, announced the closure of its Qualified Institutional Placement (QIP) through which it has raised ₹1,300 crore. In an exchange filing, Ather Energy said that its board has approved the issue and allotment of 1.08 crore equity shares of face value of ₹1 each. Shares have…
Benchmark indices on Wall Street, which had opened higher on Monday, July 20, gave up all the gains by the close of the session and ended with losses on fears of higher energy prices stoking inflation fears once again. The Dow Jones gave up nearly 600 points from the highs of the session to end…
Shares of Axis Bank Ltd. fell as much as 5.5% on Monday, July 20, in response to its June quarter results that missed street expectations. Despite the earnings miss, the street continues to remain optimistic on the Mumbai-based private lender, with only one out of the 49 analysts tracking it have a “sell” rating on…
Indian equities are likely to remain resilient as long as crude oil prices stay under control, according to Nilesh Shah, Managing Director of Kotak Mahindra AMC, which managed funds worth $4.98 billion as of June 30, 2026. Shah said he continues to recommend an equal-weight allocation to equities, while maintaining a marginal overweight stance for…
The investment case for Indian banks is improving as the biggest challenges that weighed on the sector over the past few years have largely eased, according to Piran Engineer, Senior Research Analyst at CLSA India. He believes margin pressure, asset quality concerns and tight liquidity are no longer major obstacles, making the sector attractive again….
Coca-Cola has picked four banks for the initial public offering (IPO) of Hindustan Coca-Cola Holdings (HCCH), the parent company of its India bottler, Hindustan Coca-Cola Beverages, people in the know told CNBC-TV18. The four names on the mandate are — Kotak, Morgan Stanley, JPMorgan and Citi, as per sources. As the process moves ahead, more…
