Shares of PVR Inox gained as much as 3.5% on Thursday, July 23, after the multiplex operator reported a return to profitability for the June quarter, aided by higher revenues and improved operating performance. The company posted a consolidated net profit of ₹56.5 crore for the quarter ended June, compared with a net loss of…
Asian stocks fell on Friday after a tech-led sell-off on Wall Street, as investors speculated that massive spending on artificial intelligence infrastructure may not deliver adequate returns, while oil prices held near multi-month highs on fears of a widening West Asia conflict. Asian markets opened with major cuts, Japan’s Nikkei tumbled 2.33%, in addition, another…
Japan’s main inflation indicator increased for the first time in three months. The Bank of Japan is still on track to raise interest rates this year. As per a Bloomberg report, the Ministry of Internal Affairs and Communications reported on Friday that the consumer price index, which does not include fresh food, increased 1.6% in…
The Adani Group has denied reports suggesting it is planning to launch an airline, calling the speculation “entirely baseless” and “factually incorrect.” In a statement issued on Thursday, the conglomerate said it is not evaluating any proposal to enter the airline business, dismissing recent media reports and market speculation. “The reports are entirely baseless and…
Indian Energy Exchange (IEX) shares are in focus on Friday, July 24, reacting to their first quarter earnings that were reported after market hours the previous evening. The company’s profit after tax (PAT) increased by 11.6% to ₹134.8 crore from ₹120.7 crore last year. Revenue for the quarter stood at ₹157.9 crore, up 11.4% from…
The Indian rupee opened 6 paise lower at 96.63 against the US dollar on Friday (July 24), compared with its previous close of 96.57, as a sharp rise in global crude oil prices weighed on sentiment. The domestic currency came under pressure after Brent crude surged above $100 a barrel, marking its first move past…
Shares of Swiggy Ltd., the food delivery and quick commerce operator, fell as much as 7% on Friday, July 24, and are heading towards their all-time low levels, on fears of further outflows from the stock after the recent developments. In an exchange filing on Thursday evening, Swiggy said that the board has approved a…
The S&P 500 could climb to 7,900-8,000 by the end of the year, even if markets witness a near-term pullback, according to Ed Clissold, Chief US Strategist at Ned Davis Research. He expects one more Federal Reserve rate hike before the rally resumes, viewing the current weakness as a pause within a longer-term uptrend. Clissold…
July 30: Ajanta Pharma, Alivus Life Sciences, Apollo Pipes, Bajaj Finance, Chambal Fertilizers & Chemicals Limited, Exide Industries, Gillette India, Hyundai Motor India, ICRA, LIC Housing Finance, Mankind Pharma, Mazagon Dock Shipbuilders Limited, Mahanagar Gas, Railtel Corporation Of India, Swiggy, Transport Corporation of India, Torrent Pharmaceuticals, Vedanta Aluminium Metal and Vedanta among others. Source link
Sameeksha Capital continues to stay away from large-cap IT stocks despite recent corrections, as the sector’s growth outlook remains weak, Founder, CIO and CEO Bhavin Shah said. Instead, the investment firm is increasing exposure to sectors such as aviation, healthcare, wealth management and electronic contract manufacturing, where it sees stronger earnings growth. Shah said the…
