If global uncertainty triggers a deeper correction in US equity markets, Robert Subbaraman, Head of Global Macro Research at Nomura, expects some capital to shift toward India.
On Friday, market tech analysts Mitessh Thakkar and Shrikant Chouhan recommended these stocks for the short term.
Hexaware Technologies said macros have trended marginally negative in the last few weeks. It expects its performance in 2025 to be resilient to modest macro changes.
US Commerce Secretary Howard Lutnick also mentioned that Donald Trump’s decisions are not influenced by the daily moves in the stock market.
Out of the 26 analysts that have coverage on this “Navratna” PSU, 23 of them have a “buy” rating on the stock, one has a “hold” rating, while two others have a “sell” recommendation.
After three consecutive lower circuits, Gensol Engineering shares have declined 70% from their 2024-peak of ₹1,124.
HPE reported total quarterly sales increased 16% to $7.85 billion. Analysts, on average, estimated $7.81 billion. Server revenue was $4.3 billion, also just ahead of estimates.
Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the green. Nifty 50 closed at 22,544.70, while Sensex ended at 74,340.09.
Shares in Australia and Japan fell more than 1% in opening trade while equity index futures for Hong Kong slipped. Drops for Japanese benchmarks reflected declining risk sentiment and a Thursday rally in the yen.
West Texas Intermediate futures traded near $66 a barrel, and are down 5% so far for the week on concerns levies will dent demand. Brent closed below $70.