Stocks plunge on US bond yields surge, escalating Israel conflict
The Nifty and Sensex fell by more than a percent each, breaching key supports, while the Nifty Midcap 150 and the Nifty Smallcap 250 indices slumped 2.7% and 3.79% each Key Points
mintMarkets take U-turn on hopes of localized Israel-Hamas war
The Nifty gained nine-tenths of a percent, the most in over a month, to close at 19,689.85, while the Sensex posted the highest gain in over three months, rising 0.87% to 66,079.36 on Tuesday. Key Points
mintWorld’s richest man eyes India’s luxury market with landmark Dior show
The French luxury brand became the first fashion house to showcase its collection in India on March 30, highlighting the rising interest that Western luxury brands have in tapping the country's growing wealth. India currently has 119 billionaires, with an estimated 70 new millionaires produced every day between 2018 and 2022. Key Points
Economic TimesGranblue Fantasy Versus: rising DLC: Here’s what we know about release date, characters and more
Granblue Fantasy Versus: rising DLC, set for release on January 16, 2024, enriches the game with new characters and features. Cygames plans to expand the roster, keeping players eager for updates. The Deluxe character pass, priced at $34.99/£39.98, offers access to Lucilius and exclusive in-game items. The Umamusume: Pretty Derby Premium Avatar Set, priced at $12.99/£9.98, adds further customization options. Key Points
Economic TimesFinancial services co Eureka Group acquires four stock broking firms, in talks with 2-3 entities
Kolkata, Jul 1 (PTI) Financial services company Eureka Group has acquired four stock broking firms and is in talks with two-three such entities as the brokerage industry is experiencing “consolidation” with rising compliance costs and shrinking margins, an official said. Any broker with less than 5,000-7,000 active clients will find their business unviable, he said. […] Key Points
ThePrint
Eicher Motors up 6% post strong Q4 results
he automobile giant posted a consolidated PAT of ₹905.6 crore in Q4FY23, rising by a whopping 48.42% Key Points
mintBank relief and Alibaba plans nudge stocks higher
MSCI's broadest index of Asia-Pacific shares outside Japan gained for a third day in a row, rising 0.3%. It is eyeing two consecutive quarters in the green for the first time since the middle of 2021. Key Points
FinancialexpressThe rising of the Shield Hero Season 4: All you may want to know
The rising of the Shield Hero Season 4 is confirmed, with a darker aesthetic teased in a mysterious key visual. While a release date is unknown, Crunchyroll offers all previous seasons for streaming. Key Points
Economic TimesAsian stocks slip as geopolitical fears sap confidence
By Ankur Banerjee SINGAPORE (Reuters) -Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Key Points
ThePrintMercedes-Benz India to hike prices from January 1
Price hike to range from Rs 60,000 for C-Class to Rs 2.6 lakh for GLS SUV. German luxury carmaker Mercedes-Benz on Wednesday said it will hike prices of select mo Key Points
The Tribune India
Tesla erases $145 billion in valuation on demand woes
The selloff started earlier this month when the electric-vehicle giant dialled back growth expectations during its third quarter earnings call. That was followed by grim commentary from several global automakers, as well as Wall Street analysts. This week, battery-maker Panasonic Holdings Corp. and chipmaker ON Semiconductor Corp. also sounded alarms for the EV industry. Key Points
Economic TimesD-Street bulls off record highs as US jobs data fuels Fed rate hike bets
Higher treasury yields weighed on the tech sector, with Nasdaq receiving fresh drubbing. Also, escalating US-China tensions, and rising recession fears as Chinese data showing industrial activity weakened in June could dent market sentiment. Technically, Nifty may face a hurdle at the 195,77 mark, while any further escalation could push the index towards the 19,900-20,000 zone, said Prashanth Tapse of Mehta Equities. Key Points
Economic TimesIndia Inc’s margin may see a bump-up on lower input cost: Fitch
Multiple factors including geopolitical tensions, rate hikes by central banks across the world and tighter trade norms had created a gap in the demand-supply chain. However, the waning input costs pressure is expected to offset demand weakness for corporates from a slowdown in overseas markets and the impact of increased policy rates in FY23. Key Points
Economic TimesRupee to face strong resistance near 82.80, slip back to 81.80 amid softening crude oil prices, USD correction
The USDINR pair may slide towards 81.80 level which is support of rising trend line, as long as it remains below 82.80. Key Points
FinancialexpressApply light irrigation to tackle rising temperatures, wheat growers told
Scientists have said the temperature up to 35 degrees Celsius will not have any major impact on the crop and the crop is healthy so far. Agriculture experts say the rising temperature at this stage has left wheat growers worried as they think it could adversely impact their crop yield. Key Points
Hindustan Times
Best to stick to companies that deliver; avoid bottom-fishing, says Apurva Sheth of SAMCO Securities
Apurva Sheth, Head of Market Perspectives & Research, SAMCO Securities, believes that geopolitical risks and rising US bond yields are major worries. In an interview with Livemint, he recommends sticking to companies that are delivering consistently rather than trying to bottom fish. Key Points
mintSensex, Nifty extend losses: Will Dalal Street see further correction?
On Thursday, the S&P BSE Sensex fell over 860 points, barely managing to stay above 63,000 as of 2 pm. The Nifty 50, too, was under pressure as it retreated well beyond 18,900. Key Points
India TodayOil prices tick up as Middle East tensions rise
By Colleen Howe BEIJING (Reuters) - Oil prices ticked higher in Asian trading as markets measured rising tensions in the Middle East against a surprise build in U.S. crude stockpiles that pushed oil Key Points
ThePrintGlobal concerns weigh on Dow Jones, but Indian market remains resilient amidst challenges
Mumbai (Maharashtra) [India], October 21 (ANI): Concerns regarding rising crude oil, yield and gold prices, coupled with the pessimistic sentiment stemming from the Israel-Gaza conflict and geopolitical tensions, have sent the Dow Jones into a turbulent period. US Federal Reserve Chairman Jerome Powell’s dovish statement has contributed to these worries. Show Full Article The US […] Key Points
ThePrintBanks among top performing shares in India as HDFC releases first results after merger
The private lender, which has the highest weightage in Nifty 50, was among the top gainers in the session, rising as much as 1.71%. Key Points
ThePrintGold at 1-month trough as higher US rates dominate sentiment
By Swati Verma (Reuters) -Gold prices traded near their weakest levels in more than a month on Wednesday, beaten down by an assurgent U.S. dollar as markets made adjustments to a rising interest rate Key Points
ThePrintCastrol India's Q2 profit rises on higher demand for auto care products
Engine oil maker Castrol India (CAST.NS) reported a 9% rise in second-quarter profit on Monday, helped by rising sales of auto care products. Key Points
ReutersSensex, Nifty decline ahead of inflation data, IT earnings
India Business News: Indian shares closed lower on Wednesday, with the Nifty 50 index dropping by 0.28% to 19,384.30, while the S&P BSE Sensex fell by 0.34% to 65,393.90. Key Points
Times Of IndiaOil flips to a loss as traders weigh US economy against supply
Oil swung to a loss as traders weighed worse-than-expected US economic data against an improving inflation outlook and supply constraints..West Texas Intermediate slumped below $72 a barrel, after rising as much as 1.3% in earlier trading Key Points
mint5 logistics & transportation companies with 'strong buy' and 'buy' ratings that can offer up to 37% retur
As the economic activities continue to pick pace, logistic companies are back on their feet. They had suffered during covid period and due to rising oil prices, a couple of them did some internal restructuring to put things back on track. Now there are more tailwinds than headwinds. The list only includes companies which have an institutional shareholder holding of at least 8 percent.The list is based on upside estimated by the analysts, with the highest potential stock coming on the top of the list. Key Points
Economic Times
Japan ends Covid-19 travel curbs to bring shoppers, tourists back
Japan's service mood rebounds as Covid curbs end. The outcome offers some relief for policymakers fretting that rising living costs could discourage households from shopping and travelling, thereby derailing Japan's delayed recovery from the scars of the pandemic. | Travel Key Points
Hindustan TimesOil slides as Saudi price cuts counter Middle East worries
International Business News: Oil prices fell over 2% due to Saudi Arabia's price cuts and rising OPEC output. Geopolitical tension in the Middle East raised supply concerns. Brent Key Points
Times Of IndiaFast-growing India gives Rado solace in a tight global market
Despite global economic challenges due to geopolitics, luxury Swiss watch brand Rado is focusing on India's growing economy. With increasing purchasing power and a large population, India is seen as a promising market similar to China. Rado plans to expand its presence strategically, recognizing that quality and efficient distribution are key to success in India's growing demand for premium products. Key Points
Economic TimesQ2 results, yield movement, FII flows among 7 factors likely to hog Dalal Street this week
Indian benchmark indices ended the week with a net loss of over 1% due to factors such as rising US bond yields, firm crude oil prices, and weak earnings from IT companies. The upcoming week is expected to be volatile as several companies are set to release earnings and the October derivatives expiry is due. The Nifty 50 may trade within a range of 19,300 to 19,850, with the potential for a significant move in either direction Key Points
Economic TimesSouthern Part of United States might become unlivable for humans: Report
NBC meteorologist reminded about a U.N. report which warned that regions in southern part of USA would become “less suitable” for human habitation by 2070 | World News Key Points
Hindustan Times
Heatwaves ahead: A worry not just for economists but politicians as well
Over the past few years, heatwave conditions in India have gotten worse and the weather department has predicted a longer spell of hot days in 2023. The possibility of worsening heatwave conditions this year has not only worried economists, but politicians as well. Key Points
India TodayHero Motocorp’s high-end shift earns it a D-St premium
Hero Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever. Key Points
Economic TimesNew stars will emerge in rail & defence sectors: Harshad Patil, Tata AIA
Harshad Patil of Tata AIA foresees sustained government momentum in infrastructure amidst the 2024 election year. Anticipates emergence of new stars in investment landscape, focusing on roads, railways, and defense sectors for value creation opportunities. Patil also says would identify companies in bank and IT sectors with stronger growth potential and favourable risk rewards. Key Points
Economic TimesAsian stocks slide as geopolitical worries sap confidence
By Ankur Banerjee SINGAPORE (Reuters) - Asian stocks fell on Tuesday as investors pondered looming U.S. interest rate cuts and awaited earnings from AI darling Nvidia, while rising tensions in the Key Points
ThePrintSensex, Nifty open at record high on Wednesday
New Delhi [India], June 19 (ANI): Indian stock markets opened at a record high on Wednesday with Sensex rising over 242 points at 77,418 whereas the Nifty opened at 23,629.80, up by 71.90 points. Nifty bank indices opened at 50,607.90, up 167 points or 0.33 per cent whereas, the Nifty midcap 100 started with a […] Key Points
ThePrint
Diet to reduce disease risk
New ICMR guidelines on non-communicable diseases focus on food groups. Eleven-year old Raghav is pre-diabetic. Born through IVF, he is an over-pampered child,... Key Points
The Tribune IndiaSensex, Nifty end higher; shares of M&M surge 6%
The S&P BSE Sensex added 253.31 points to reach 73,917.03, while the NSE Nifty50 NSE also saw gains, rising by 79.45 points, to close at 22,483.3. Key Points
India TodayRupee falls 4 paise to settle at 82.90 against dollar
Mumbai, Mar 18 (PTI) The rupee declined by 4 paise to settle at 82.90 against the US currency on Monday as strong American currency and worries over rising global crude oil prices weighed on the local unit. Forex traders said gains in domestic stock markets restricted the downfall of the domestic currency. The local unit […] Key Points
ThePrintMultibagger Tracker! This footwear stock turns Rs 10,000 to Rs 1.2 lakh in just 10 years
In the recent past, the stock rally faded away to an extent and returned 13% to investors in the last six months. The past three months saw the shares rising by 9%. Key Points
Economic TimesQatar to build new LNG project
Amid increasing demand and a halt on growth projects in the US, Qatar intends to enhance its exports of liquefied natural gas. The nation, a major competitor to the US and Australia in LNG shipping, aims to construct a new project capable of producing 16 million tons annually by the end of this decade. This initiative will elevate Qatar's annual production capacity to 142 million tons by 2030, as announced by the country's Energy Minister, Saad Al-Kaabi, on Sunday. Key Points
Economic Times
China is secretly raising a corporate army in 16 major firms to fight home and abroad
Chinese companies are forming volunteer armies called Peoples Armed Forces Departments (PAFDs), reflecting Beijing's concerns about social unrest and foreign threats. These units, reminiscent of the Mao Zedong era, act as a reserve force for the military and can be deployed for various missions, including disaster response and maintaining social order. Key Points
Economic TimesModi govt's capex thrust key during Budget as pvt investment is still weak: Ex-NITI VC Kumar
Former NITI Aayog vice chairman Rajiv Kumar emphasized the Indian government's need to prioritize capital expenditure in the upcoming interim budget to bridge the infrastructure gap and boost the economy. He expects continued focus on investment and fiscal consolidation in the budget, with the government achieving its targets through improved tax-to-GDP ratios and rising capital expenditure. Key Points
Economic TimesUS Fed's favored inflation gauge rises before rate decision
The US Federal Reserve's battle against rising prices continues as the personal consumption expenditures (PCE) price index rose at an annual rate of 2.6 percent last month. Headline PCE inflation also increased by 0.2 percent in December. However, core inflation, which excludes food and energy costs, rose by 2.9 percent in the year to December. Despite these upticks, the Federal Reserve is expected to remain on hold at its next interest rate decision announcement. Fed officials have indicated it is too soon to start lowering rates. Key Points
Economic TimesRupee settles 1 paisa higher against US dollar
Mumbai, Jan 25 (PTI) The rupee rose 1 paisa in a range-bound trade to close at 83.11 against the US dollar on Thursday, as the support from weak American currency overseas was negated by rising crude oil prices. Forex traders said the rupee is trading in a narrow range as muted domestic equities and sustained […] Key Points
ThePrintBajaj Auto Q3 results today: What to eye in the fineprint; how to trade the stock?
Bajaj Auto Q3 Results: Bajaj Auto Ltd is set to release its Q3 earnings today, with investors optimistic about strong volume growth and operating leverage benefits. The company's shares have rallied over 31% in the last three months, driven by festive demand, easing costs, and a share buyback plan. Key monitorables include core earnings, with net profit expected to rise 33.3% YoY to Rs 1,987 crore, revenue to rise 29% YoY to Rs 12,039 crore, and operating profit to increase 32% to Rs 2,341 crore. Key Points
Economic Times
Domestic output rises, coal imports dip 40% in April-December
India Business News: Domestic coal production and supply have led to a 40% dip in coal imports for blending at power plants in the April-December period. Despite a 10% increase in thermal generation, coal import for blending decreased to 17 million tonnes from 28.7 million tonnes in the previous corresponding period. This indicates a reduced dependence on imported coal for power generation in India. Key Points
Times Of IndiaAmid Covid surge, Leh makes masks compulsory in public places
The Leh district administration has ordered mandatory mask-wearing in public places due to rising COVID-19 cases. The District Disaster Management Authority CEO, Santosh Sukhadeve, urged people to maintain social distancing and avoid unnecessary gatherings. Heads of departments and sub-divisional magistrates will ensure compliance. Key Points
Economic TimesIndian stock market: 7 things that changed for the market overnight - Gift Nifty, India’s CAD, weak dollar to oil prices
Indian stock market: Asian markets traded higher while the US shares gained overnight as investors’ sentiment remained upbeat on cooling inflation and rising bets of lower interest rates. The dollar sank near a five-month low. Key Points
mintHow to pick stocks when market is at record high? Anand Shah shares his playbook
We believe manufacturing and allied industries like auto ancillaries, metals, defense, textiles, capital goods, utilities, logistics, corporate banks etc. will continue to remain under spotlight in the year ahead given the macro and micro tailwinds. We continue to have a favorable outlook for the banking industry, which is fueled by strong growth potential from rising loan growth and falling credit costs. Key Points
Economic TimesImproving premiumisation to help Hero Moto stay ahead on growth track
Hero Motocorp's stock has regained investor interest due to rising premiumisation-led earnings growth and higher two-wheeler volume growth. The company's premium bike segment, including Karzima and Harley-Davidson bikes, has seen a 30% increase in its portfolio. The average selling price per unit was Rs 66,680 in Q2 2024, the highest ever. Key Points
Economic Times/cloudfront-us-east-2.images.arcpublishing.com/reuters/PY2RY22NJ5MU3PZQEMCQU42HOE.jpg)
Goldman Sachs execs see steeper Treasuries curve, softer demand
Goldman Sachs (GS.N) expects the U.S. Treasuries curve to steepen in the long term, driven by rising fiscal spending, top executives said. Key Points
ReutersIndian shares to open higher as US data boosts rate outlook
Indian shares are set to open higher on Thursday, as rising expectations of an end to the U.S. Federal Reserve's rate hike cycle boosted risk appetite. Key Points
ReutersFitch says US regional bank challenges to persist in 2024
Rating agency Fitch said on Wednesday that U.S. regional banks will face continued challenges in 2024, with banks focused on commercial loan growth disproportionately disadvantaged. Key Points
ReutersIndia's Ashok Leyland posts Q2 profit miss on higher costs
India's Ashok Leyland Ltd (ASOK.NS) reported a smaller-than-expected second-quarter profit on Thursday as rising costs offset strong demand for its trucks and buses. Key Points
Reuters