Kotak Institutional Equities has removed Hindalco, which had a weightage of 170 basis points from the Model Portfolio. That weightage has been used to increase positions in Reliance Industries and L&T.
Q2 Results LIVE Updates: Multiple companies will be reporting their results for the September quarter on Wednesday, November 5, even as the stock exchanges are shut for trading on account of Guru Nanak Jayanti. Sun Pharma, Aurobindo Pharma, Piramal Pharma,…
The Philadelphia SOX gauge is trading near 28 times estimate forward earnings, compared with its five-year average of less than 22 times.
The US Dollar index is back above the mark of 100, Cryptocurrencies declined led by Bitcoin, which fell 6%, while Gold futures remained below the mark of $4,000 an ounce.
As investors sought safety, Treasuries advanced across the curve, with the yield on the 10-year falling two basis points to 4.07%. The yen strengthened to 153.24 against the dollar. Cryptocurrencies recouped some of the losses from the prior session, when…
The decline on Wall Street has percolated to Asian indices as well. Semiconductor and AI-linked shares are witnessing sharp losses in Asian trading this morning.
The company’s GMV rose 27% to ₹5.67 lakh crore, backed by higher payment processing margins from growth in credit card transactions on UPI and affordability offerings such as EMI. Shares of One97 Communications (Paytm) Ltd ended at ₹1,269.00, down by…
“The rating upgrade reflects a significant improvement in Bharti’s financial profile and its steadily increasing market share, supported by structural changes in India’s fast-growing mobile sector,” said Nidhi Dhruv, Vice President and Senior Credit Officer at Moody’s Ratings. “Moderating competition…
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If recent commentary from Larsen & Toubro (L&T) and the State Bank of India (SBI) is any indication, the country could be on the cusp of a revival in private sector investments. Both companies, considered bellwethers for India’s industrial and…