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🇮🇳52d ago
Jio Financial Q1 Net Profit Surges 155% YoY to Rs 830 Crore
Jio Financial reported a consolidated net profit of Rs 830 crore in the first quarter, representing a 155% year-on-year increase from Rs 325 crore in the same period last year. The significant earnings growth underscores the company's expanding profitability amid broader financial services expansion in India.
🇮🇳52d ago
13 Nasdaq 100 Stocks Deliver Multibagger Returns in 2026
Thirteen Nasdaq 100 stocks have achieved multibagger status in calendar year 2026, driven primarily by strength in artificial intelligence, semiconductor, and data infrastructure sectors. These outperformers have significantly exceeded the broader index's performance, delivering substantial gains to investors.
🇮🇳52d ago
Ather Energy's Rs 1,300-crore QIP oversubscribed 8x by funds
Ather Energy's qualified institutional placement (QIP) of Rs 1,300 crore received subscription orders exceeding eight times the offered shares, according to reports. The issue, which opened on Wednesday at a floor price of Rs 1,169.70 per share, attracted interest from major domestic mutual funds and foreign institutional investors.
🇮🇳52d ago
Six Indian midcaps including BHEL hit 52-week highs amid strong buying
Six BSE 150 MidCap stocks—Ipca Laboratories, Sona BLW Precision Forgings, BHEL, Gujarat Fluorochemicals, Lupin, and Biocon—reached fresh 52-week highs, according to reports, signalling sustained bullish momentum despite the Sensex closing flat. The rally reflects improving investor confidence and strong buying interest in India's midcap segment.
🇮🇳53d ago
Country Risk Now Global Challenge, Says Valuation Expert Damodaran
Valuation expert Aswath Damodaran argues that country risk has expanded beyond emerging markets as global companies increasingly face political, legal, and economic shocks across borders. Investors must now incorporate country-specific risks into valuations for companies listed anywhere, reflecting concerns ranging from US sovereign debt to overseas revenue exposure.
🇮🇳53d ago
ICICI Lombard Shares Plunge 15% on Earnings Miss, Weak Outlook
ICICI Lombard's stock fell sharply to a 52-week low after the insurer's June-quarter results missed analyst expectations, driven by weak underwriting performance, elevated claims, and slower premium growth. Multiple brokerages subsequently downgraded ratings and cut target prices, citing regulatory headwinds and deteriorating near-term profitability prospects for the general insurance company.
🇮🇳53d ago
US stocks rise on inflation data and strong Q2 earnings
Wall Street closed higher as softer producer inflation data and robust early second-quarter earnings results lifted investor sentiment across major indexes. PayPal surged on buyout speculation while financial giants BlackRock and Morgan Stanley exceeded expectations, offsetting weakness in semiconductor stocks.
🇮🇳53d ago
Pentair Shares Fall 17% as Pool Demand Weakens, Forecast Cut
Pentair reduced its annual forecast following weak demand in its pool segment, with shares declining 17% as high interest rates and inflation dampen consumer spending on outdoor projects. The announcement signals a broader slowdown in the pool equipment industry and raises concerns about consumer discretionary spending.
🇮🇳54d ago
China's ChangXin Memory Targets $9.8bn in Record Tech IPO
ChangXin Memory Technologies, China's leading memory chipmaker, is seeking approximately $9.8 billion through what would be the nation's largest mainland technology share offering. The IPO aims to strengthen China's artificial intelligence hardware capabilities and enable the company to compete with global semiconductor leaders like Samsung and Micron.
🇮🇳54d ago
European shares slip as Middle East tensions offset AI chip gains
European equity markets declined slightly as geopolitical risks from Middle East tensions weighed on investor sentiment, despite gains in technology stocks led by ASML's optimistic financial outlook. Luxury stocks also rose on strong jewellery demand, but broader caution prevailed as traders monitor upcoming corporate earnings for economic signals.
🇮🇳54d ago
US Stocks Rise on Soft Inflation Data and Strong Bank Earnings
U.S. stock indices closed higher as softer June inflation readings and robust bank earnings from JPMorgan and Goldman Sachs bolstered investor sentiment, despite ongoing Middle East tensions. The market's positive momentum was tempered by IBM's weak revenue guidance and reflected reduced expectations for imminent Federal Reserve rate increases.
🇮🇳54d ago
US Derivatives Regulator Blocks Kalshi Trade Cancellations Despite Michigan Court Order
The U.S. derivatives regulator prevented Kalshi from canceling Michigan trades following a state court order that banned the platform's sports-related contracts. The decision underscores an escalating regulatory conflict between federal authorities supporting prediction markets and states enforcing gambling restrictions.
🇮🇳54d ago
Biocon, Phoenix Mills Hit 52-Week Highs as Midcaps Defy Broader Selloff
Four BSE 150 Midcap stocks—Biocon, The Phoenix Mills, Ipca Laboratories, and Laurus Labs—reached fresh 52-week highs on Tuesday despite the Sensex declining 561 points, indicating selective strength in the midcap space. The stocks have rallied up to 21 percent over the past month, suggesting sustained investor interest in specific midcap names regardless of broader market weakness.
🇮🇳55d ago
European Shares Fall on US-Iran Tensions as Oil Prices Rise
European equity markets opened lower as geopolitical tensions between the United States and Iran weighed on investor sentiment and reduced appetite for risk assets. The sell-off occurred while traders evaluated earnings reports from major companies including BP, Ericsson, and Evotec against a backdrop of climbing oil prices.
🇮🇳55d ago
Goldman Sachs Eyes 9.5% Nifty Rally to 26,500 on Earnings Optimism
Goldman Sachs projects the Nifty 50 index could rally to 26,500, representing approximately 9.5% upside potential, supported by lower commodity prices, currency stabilization, and healthy second-quarter earnings expectations. The brokerage highlights ultra-light foreign investor positioning as a catalyst for potential capital inflows into Indian equities.
🇮🇳55d ago
US stocks end lower as Iran tensions weigh on risk appetite
US equity markets closed lower as escalating Iran tensions and a renewed blockade lifted oil prices and reduced investor risk appetite. Tech stocks, particularly chipmakers, led the decline while energy shares provided some support to the broader market.
🇮🇳55d ago
Seven BSE 200 stocks hit 52-week highs amid market rally
Seven BSE 200-listed companies, including JSW Infrastructure, Paytm, Nykaa, and Oracle Financial Services, reached fresh 52-week highs with gains of up to 30% over the past month, according to reports. The milestone indicates strong investor confidence and sustained buying interest in these counters despite a broader subdued market environment.
🇮🇳55d ago
ICICI Prudential AMC Q1 Net Profit Rises 23% to Rs 965 Crore
ICICI Prudential Asset Management Company reported a 23% year-over-year increase in net profit to Rs 965 crore for the first quarter, with revenue from operations climbing 18% to Rs 1,564 crore. The results indicate strong operational performance and growth momentum in the asset management business.
🇮🇳56d ago
Brent Crude Below $80 Supports OMC Earnings Recovery in India
Oil marketing companies in India are experiencing improved margins and earnings as crude prices remain below $80 per barrel, following earlier under-recoveries on fuel sales. Current integrated margins have doubled historical averages, with analysts suggesting full recovery of losses within twelve months if price conditions persist.
🇮🇳56d ago
Fed, Oil Risks to Keep Indian Rupee Under Pressure
The Indian rupee is projected to experience modest recovery in the coming months, with economists anticipating it will rise just above 94 to the dollar before weakening to below 95 by year-end. Persistent dollar demand and global risks, including Federal Reserve policy and oil market volatility, are expected to limit any significant gains for the currency.