Investec sees further upside from a potential recovery in mobile exports, particularly if the proposed PLI 2 scheme is implemented, along with Dixon Technologies’ planned entry into the speciality EMS segment through acquisitions.
Gold steadied, supported by reduced US Fed rate hike expectations. Oil dropped as more tankers moved through the Strait of Hormuz. Trump allies push to reshape the Fed.
Kolkata-based, Goel family-promoted Laser Power & Infra plans to raise ₹742 crore through the public issue, comprising a fresh issue of shares worth ₹542 crore and an offer-for-sale (OFS) of ₹200 crore by existing promoters.
Sensex Today | Stock Market LIVE Updates: Nearly the entire market has reported its business update for the first quarter over the weekend, with companies ranging from banks, FMCG and even the diagnostics space. The bulls will take comfort from…
HDFC Bank’s gross advances rose 15.4% year-on-year to ₹30.61 lakh crore, marking the strongest loan growth in five quarters and comfortably beating analysts’ estimate of around 12.1%.
Shares of BEL are up 5% so far this year, while those of Astra Microwave are up 90%. Shares of HAL have underperformed its peers, and are still at the flat line for the year.
South Korea’s Kospi index was up 2.9% while Japan’s Nikkei 225 was up 0.2%. MSCI’s Asia Pacific Index was increasing 0.3% with over two shares rising for every one which declined.
Brent declined below $72 a barrel, while West Texas Intermediate was close to $68 a barrel.
More than 15 stocks, including multiple Nifty 50 constituents, such as Titan, Hindalco, JSW Steel, and Sun Pharma are set to see record dates for their respective corporate actions announced earlier, alongside their fourth quarter results. While most of these…
Mark Newton of Fundstrat wrote that financials, healthcare and industrial stocks closed at record levels last week, more than offsetting the underperformance of chipmakers. He now sees the S&P 500 at 8,000 by mid-August, that is a 7% jump in…