Indian investors will track the positive cues from Wall Street after US stocks advanced, led by gains in chipmakers, while the earnings calendar remai…
1/5US Market | US stocks moved higher on Tuesday, led by strength in chip stocks, as investors weighed developments in the Iran war and turned their attention towards upcoming corporate earnings updates. The Dow Jones Industrial Average rose 340 points, or 0.7%, while the S&P 500 and the Nasdaq Composite advanced 0.7% and 1.1%, respectively.
2/5US-Iran War | Iran’s Interior Minister Eskandar Momeni is meeting with mediators in Pakistan in an attempt to salvage the collapsed interim deal between Washington and Tehran. However, it remains unclear just what new arrangement could be reached to end the fighting. The two countries have continued trading strikes for the past 10 days. Iran attacked a tanker in the Strait of Hormuz early Tuesday, forcing its crew to abandon the ship, while the United States conducted yet another round of airstrikes targeting the Islamic Republic.
3/5Oil | Brent oil extended its recent rally as traders weighed threats to maritime traffic from the Strait of Hormuz and the Red Sea to a key Kazakh export terminal on Russia’s coast. The global benchmark traded around $91 a barrel. The US conducted a 10th straight day of strikes on Iran after President Donald Trump vowed Tehran “will pay” for killing American soldiers.
4/5Results tomorrow | Companies set to announce their first-quarter FY27 earnings results include Adani Green Energy, Adani Power, Bharat Petroleum, Dr Reddy’s, Hindustan Petroleum Corp, Nestlé India, IndusInd Bank, JSW Energy, United Spirits, Tata Communications, Eternal Ltd, IIFL Finance, HFCL, Nippon Life India Asset Management, SRF, Schaeffler India, Shoppers Stop, Waaree Renewable Technologies and Waterways Leisure Tourism.
5/5Global Earnings | Major companies are scheduled to report their earnings today, including IBM, Texas Instruments, AT&T, ServiceNow, CSX, Southwest Airlines, GE Vernova, PulteGroup, Banco Santander, Iberdrola, Equinor, DSV, Deutsche Börse, Lonza Group, and Naturgy Energy. Deutsche Börse is scheduled to announce results at 10:30 PM IST, while Lonza Group and Naturgy Energy are scheduled to report at 10:00 AM IST and 1:30 PM IST, respectively.
