India’s corporate earnings are set to improve through the financial year 2026-27 (FY27), with midcap and smallcap companies expected to outperform large caps, even as losses at oil marketing companies (OMCs) weigh on headline profit growth, according to Gautam Duggad, Managing Director & Head of Sales, Institutional Equities at Motilal Oswal Financial Services. Duggad said…
Fresh disruptions in the Strait of Hormuz have sharply changed the outlook for global oil markets, with crude prices likely to remain elevated as supply risks return to the forefront, according to Saul Kavonic, Head of Energy Research at MST Marquee. The analyst said the near-term direction for oil prices now depends on how the…
Vedanta Ltd on Tuesday unveiled an ambitious production expansion roadmap across its businesses following the completion of its demerger, with Chairman Anil Agarwal outlining plans to significantly scale up output in metals, mining, oil and gas, steel, and power over the next few years. Under the plan, Vedanta aims to nearly triple zinc and lead…
Global design and technology services provider Tata Elxsi Ltd on Tuesday (July 14) reported a net profit of ₹170.6 crore for the quarter ended June 30, 2026, registering an 18.2% year-on-year growth. The company’s Profit After Tax (PAT) margin stood at 16.1% during the quarter. The company reported Profit Before Tax (PBT) of ₹232.5 crore,…
Anand Rathi Shares & Stock Brokers Ltd began FY27 on a steady note, with robust growth in its lending and wealth management businesses underpinning June-quarter performance. While net profit rose a modest 2.2% from a year earlier, strong growth in net interest income, margin funding and assets under management reflected healthy client activity despite a…
Bank of America reported a stronger-than-expected second quarter on Tuesday, driven by record stock trading revenue, a rebound in investment banking activity and steady growth in lending, as executives said the US economy continues to show resilience despite geopolitical and inflation concerns. The lender posted net income of $9.1 billion, up 27% from a year…
IBM shares suffered their biggest single-day fall in nearly six decades on Tuesday as bearish sentiment gripped the stock after the technology company’s preliminary second-quarter results fell short of Wall Street expectations. The management commentary didn’t do any good to the stock with Chief Executive Officer Arvind Krishna saying that the company’s software and infrastructure…
Foreign institutional investors (FIIs) remained net sellers in the Indian equity market for a second straight session on Tuesday, offloading shares worth ₹739.69 crore on a provisional basis. Domestic institutional investors (DIIs), meanwhile, continued to provide support to the market, purchasing equities worth ₹2,927.71 crore, according to provisional exchange data. The latest FII outflow was…
US stocks moved higher on Tuesday after softer-than-expected US inflation data boosted investor sentiment and reduced concerns about near-term interest-rate hikes. The S&P 500 gained 0.4%, while the Nasdaq Composite climbed 0.8%, supported by strength in technology stocks. The Dow Jones Industrial Average advanced about 107 points, or 0.2%, helped by bank stocks after stronger-than-expected…
JPMorgan Chase on Tuesday, July 14, reported the highest quarterly profit ever recorded by a US bank, with net income rising 41% year-on-year to $21.2 billion in the second quarter, supported by gains from the sale of Visa shares and equity investments. Total net revenue increased to $57 billion from $45 billion a year earlier….
