Shares of Ashok Leyland fell more than 3% after the commercial vehicle manufacturer reported a decline in May sales, with volumes coming in below Street expectations amid weakness in its medium and heavy commercial vehicle (M&HCV) segment. The company reported total sales of 14,923 units in May 2026, down 3.6% from 15,484 units in the…
The equity benchmark indices BSE Sensex and NSE Nifty erased opening gains and closed near the day’s low on Monday (June 1) amid broad-based selling pressure led by banking, auto and heavyweight stocks. The Sensex fell 508 points to close at 74,267, while the Nifty declined 165 points to settle at 23,383, slipping below the…
The latest quarterly results of tech companies show that AI has not negatively impacted the software as a service (SaaS) demand yet, as per a recent note by brokerage firm CLSA. The brokerage released a note titled “How Much of SaaSpocalypse Is Real” on May 30, 2026. It stated that most SaaS companies have maintained…
India’s prolonged foreign investor selling is being driven more by short-term cyclical pressures than any permanent loss of confidence in the country’s growth story, according to Arbind Maheswari, Head of India Equities at BofA Securities. Maheswari believes a large part of the negative news around earnings, geopolitics and global fund flows may already be priced…
Shares of Tata Motors Ltd. were trading lower on Monday, June 1, after the company’s commercial vehicle (CV) business reported a 17% year-on-year increase in sales for May 2026, although the figure came in below market expectations. Total commercial vehicle sales, including domestic and international markets, stood at 32,850 units during May, compared with 28,147…
India’s relatively limited presence in global tech supply chains has made it less attractive in the current cycle dominated by AI. (Image Source: ET NOW) India’s relative underperformance this year, even as emerging markets (EMs) have surged nearly 26%, is increasingly raising questions among investors. Market participants point to a combination of global uncertainties, elevated…
Nifty 50 Target 2026: Bernstein sees the Nifty 50 at 26,000 by the end of 2026, implying 11 per cent upside (Image: AI/ET Now) Nifty 50 Target 2026: The Indian stock market, already navigating a volatile phase, may find some reassurance in the latest outlook from global brokerage Bernstein, which sees further upside for benchmark…
Top stocks to BUY, SELL or HOLD Today, June 1: Brokerage calls are set to keep several stocks in focus in today’s trading session, with analysts reiterating a mix of buy, hold and sell recommendations after earnings reviews and target price revisions. Stocks such as Asian Paints, InterGlobe Aviation, Reliance Industries, Cummins India and Inox…
Reliance Industries reported a 13 per cent year-on-year decline in its consolidated net profit at Rs 16,971 crore for Q4 FY26, highlighting pressure on overall profitability as the global energy crisis weighed on its core oil-to-chemicals business, offsetting gains in its consumer-facing telecom and retail segments. Stock Performance Summary What are the future growth expectations…
FY27 Earnings Outlook: Crude oil key risk, private banks remain attractive; UTI AMC’s Karthikraj Lakshmanan shares top sector bets | EXCLUSIVE (Image: ET Now Digital) FY27 Earnings Outlook: The senior vice president of equity at UTI Asset Management, Karthikraj Lakshmanan, shared his insights on ET Now on how crude oil remains the key macro variable,…
