Brokerage firm HSBC has downgraded Indian equities to “underweight”, in its latest note on Thursday, April 23, less than a month after downgrading it to “neutral” from “overweight” on March 31 this year. The firm has cited a less-attractive “risk-reward” as its rationale behind the downgrade. “The ongoing Middle East conflict has refocused attention on…
Stocks to Watch Today, April 23: SBI Life, Trent, Tata Communications, Jio Financial, PNB and others (Image: AI/ET Now) No stock data available Stocks to Watch Today, April 23: Indian stock market investors will track key earnings and corporate developments on April 23, with companies like SBI Life Insurance Company, Delta Corp, Trent, Tata Communications…
Sensex Today | Stock Market LIVE Updates: The Nifty had to tussle between the banks and IT stocks mid-week and once banks threw in the towel, profit booking only accelerated. The 24,350 level is an important one on the downside for the index, below which, a move to 24,200 could also be likely. Sensex Today…
Shares of Premier Explosives Limited rose as much as 9.6% on Wednesday, April 22, after the company secured export orders worth ₹350.23 crore for the supply of defence products. In an exchange filing, the company said the orders have been received from an international client and will be executed over a period of two years….
International Business Machines Corp. (IBM), also known as big blue, reported sales for its software unit that met analyst expectations after market closing hours on Wednesday, April 22. The stock though, fell 7% in extended trading, as analysts expected a better show. Revenue from the software business increased by 11% from last year to $7.05…
Shares of Tesla Inc., the Elon Musk-owned car manufacturer, have underperformed most of their tech peers this year. That underperformance continued on Wednesday with the company reporting results after US markets closed for trading. Tesla reported earnings per share (EPS) of $0.41, higher than expectations of $0.37. However, its revenue of $22.39 billion was a…
US futures have had a mixed start to trade after the close of Wednesday’s regular session as stocks have reacted sharply to results reported after the closing bell. The Dow futures are down 200 points, while those on the S&P 500 and Nasdaq are trading little changed. The move comes after both tech-heavy indices closed…
Nilesh Shah, MD of Kotak Mahindra AMC, which manages nearly $5 billion in assets, believes investors should shift their approach to reacting sensibly to events rather than trying to predict them. Speaking to CNBC-TV18, Shah said there are currently too many moving parts, from rising oil prices and geopolitical tensions to currency and rate volatility,…
India’s antitrust agency has made Anheuser-Busch InBev a target of a cartel investigation after the world’s leading brewer cooperated for four years as a witness, leading to a court battle in which AB InBev has obtained a temporary injunction, according to two sources and documents. Since 2022, the Competition Commission of India (CCI) has been…
Shares of battery manufacturing companies Amara Raja Batteries Ltd. and Exide Industries Ltd. gained as much as 17% on Wednesday, April 22, marking their best single-day gain in close to two years. Both the stocks are also surging on very strong volumes. Close to 1.8 crore shares of Amara Raja Batteries have already changed hands…
