Latest Updates Around The World
The latest earnings season has seen broad-based growth across multiple sectors, although market sentiment remains cautious, especially in mid-cap and small-cap stocks. Metals and oil and gas have boosted corporate profits, but fundamentals outside the commodities sector have also held up.Commodity-based profit growth Commenting on the theme, Gautam Duggad of Motilal Oswal said, “Metals and […]
India Inc’s second-quarter earnings season has signaled a return to stability, with at least 108 companies, including Tata Steel, Bharti Airtel, Vikram Solar, Suzlon Energy, Nykaa and Waaree Energies, more than doubling their profits year-on-year, underscoring the broad resilience of demand across sectors.Notable players include renewable energy companies, public sector enterprises and select consumer projects, […]
Investors will be watching quarterly earnings from the major banks next week to gauge the health of the U.S. economy as the federal government shutdown has interrupted the flow of new data. Major U.S. stock indexes fell on Friday, halting market momentum after comments from President Donald Trump heightened trade tensions with China. Stocks ended […]
U.S. stocks closed on a negative note Thursday as investors, lacking economic data or sentiment-driving catalysts, took the opportunity to consolidate ahead of third-quarter earnings season. The S&P 500 and Nasdaq eased back from Wednesday’s record highs, while the blue-chip Dow closed with the deepest percentage decline. “The earnings cycle is upon us and it […]
Pankaj MuraarkaCIO, Renaissance Investment Managersbelieves that the stock market of India is overvalued, especially the top 20%, including defense and electronic production sectors. After a rewarding bullmarkt, they left Defense expenses due to the untenable high profit growth expectations priced in these shares. The company wants to reduce the valuation risk in its portfolio in […]
