Latest Updates Around The World
The New York Stock Exchange (NYSE) has halted trading in Infosys’ American Depository Receipts (ADRs) after it rose 40% to $26.62 on Friday, according to a report by CNBC-TV18.Meanwhile, Wipro’s ADRs rose more than 7% to reach $3.07 on the NYSE. While it was the third straight day of rally for Infosys’ ADRs, the spike […]
Kaynes Technologies’ sharp 43% decline from its October peak, capped by a steep 12.5% decline on Friday, has raised questions about whether the stock is approaching a reversal zone or sliding into deeper losses. While momentum indicators remain firmly bearish, the wide gap to the 200-day moving average signals potential mean-reversion opportunities for tactical investors.Edited […]
IT stocks such as Infosys, TCS and Wipro rose up to 2% on Wednesday after the sharp fall in the rupee past the Rs 90 per dollar mark spurred renewed buying in high-export technology names. The currency’s fall to an unprecedented 90.13 against the US dollar, its weakest level ever, pushed investors towards dollar income […]
Markets moved higher on Thursday to hit a new record high, supported by favorable global cues. In addition to strength in US markets, optimism around possible rate cuts and easing in crude oil prices continued to support buying sentiment.“We expect the positive momentum to continue, with the Nifty gradually moving towards the 26,500 mark. On […]
The Sensex shot past 86,000 for the first time on Thursday, reaching 86,026, while the Nifty rose to 26,246.65 – a record last set on September 27, 2024. But peel away the index veneer and the picture becomes grim: almost half of the Nifty50 stocks haven’t even touched their all-time highs this year, exposing a […]
Indian benchmark indices gave up early morning gains to end lower on Monday even as IT stocks had a good run on expectations of the Federal Reserve’s December rate cut. The 30-share Sensex fell 331 points or 0.39%, while the broader Nifty index fell 0.4% to settle below 26,000. Analysts said Nifty is seeing repeated […]
Consumer goods makers are holding back on routine price hikes despite a rise in raw material costs across categories, fearing any hikes could trigger government investigations into possible profiteering following the recent VAT cuts.Senior executives at some of the largest companies in sectors such as soaps, biscuits, detergents, automobiles and consumer electronics said they plan […]
Indian IT companies Infosys, Wipro and LTIMindtree delivered steady growth in the second quarter, with consecutive revenue increases across the board, Goldman Sachs said. While deal momentum and early signs of demand stabilization point to a soft recovery ahead, brokers warn that AI-driven productivity gains and subdued discretionary spending could keep sector valuations under pressure. […]
The Indian market continued its winning streak on Friday, supported by foreign inflows, declining US bond yields, a stronger rupee and festive optimism. The S&P BSE Sensex rose 484.53 points, or 0.58%, to 83,952.19, while the NSE Nifty 50 rose 124.55 points, or 0.49%, to 25,709.85. This is how analysts read the market pulse: The […]
The earnings season for the September quarter, which started on October 9 when TCS announced its second-quarter earnings, is expected to be modest, with Nifty companies likely to post earnings growth of around 6% year-on-year, according to estimates. The results are now coming thick and fast, with a whopping 212 companies set to announce their […]
