The shares of Tata Power, Adani Power and other companies jumped up to 3% amid an overall bullish market on Wednesday, fuelled by rising hopes of higher power demand as temperatures are expected to increase across the country. Delhi’s temperature hit 38.2°C on Tuesday, marking the hottest day of the year so far. Despite a […]
Suzlon Energy shares jump 5%, rebound 27% from March’s record low. What’s driving the rally?
Suzlon Energy share price today: Shares of Suzlon Energy jumped over 5% on Wednesday, extending gains for the third straight session and taking the stock’s rally to 27% so far in April, even as it remains down 11% over the past year. After hitting a 52-week high of around Rs 74 apiece in May last […]
Hindustan Copper shares rally 7% as red metal prices near six-week peak
Hindustan Copper shares rallied 7% to Rs 565.00 on the BSE on Wednesday, riding a sharp rebound in global copper prices that are hovering near a six-week high as hopes of a de-escalation in the Middle East conflict sent the red metal surging, erasing all losses sustained since the war began more than six weeks […]
ICICI Prudential AMC shares in focus after Q4 net profit jumps 10% YoY to Rs 763 crore
Shares of ICICI Prudential Asset Management Company will be in focus heading into trade on Wednesday after it reported solid profit growth for the March quarter, driven by higher income and better operating performance. Profit after tax for Q4 stood at Rs 763 crore, up 10% from Rs 692 crore in the same quarter last […]
Investors slash growth views by most in 4 years: BofA
Global investors grappling with the fallout from the Iran war have slashed their expectations for economic growth by the most in four years, according to the latest Bank of America Corp. survey of fund managers. Expectations for inflation, meanwhile are at an almost five-year high, BofA strategists led by Michael Hartnett wrote in a note. […]
GIFT Nifty jumps over 300 pts, signals positive start; here’s the trading setup
Markets witnessed a strong rebound after six consecutive weeks of decline, supported by favourable global cues. Sentiment remained buoyant amid optimism surrounding a temporary US–Iran ceasefire, although lingering geopolitical uncertainties capped the pace of gains as the week progressed. On Monday, market will react to the peace talks collapsing and rising rhetoric once again from […]
Bank stocks under pressure as analysts trim earnings, targets on NIM concerns
ET Intelligence Group: Analysts have reduced earnings growth forecasts and cut target prices for banking stocks for FY27 citing mounting pressure on net interest margins (NIMs) as funding cost is expected to stay high amid slowing deposit growth. The NIM recovery has remained tepid with only four banks from a sample of 29 reporting a […]
Storm Rising! Safe transit for D-Street ends fast, short covering limits losses
India’s key indices ended about 1% lower on Monday, trimming sharper early losses, as renewed tensions in West Asia pushed oil prices above the $100 a barrel mark, keeping investors on edge. Nifty fell 207 points or 0.9% to close at 23,842. Sensex declined 702 points or 0.9% to end at 76,847. Both Nifty and […]
Private lenders likely to fare better than public peers in Q4
Banks are expected to report divergent earnings in the March quarter. Private lenders would likely record net profit growth of nearly 12% year-on-year in Q4 FY26, while public sector banks would post a modest about 2% profit expansion, according to analysts. Margins are likely to face some pressure, though asset quality trends would remain broadly […]
Wall St expects a cautious Fed as T-bill demand winds down
Wall Street strategists expect the Federal Reserve to take a slow and careful approach to winding down a program meant to help ease pressure in funding markets. The Fed abruptly stopped shrinking its balance sheet-a process known as quantitative tightening-at the end of 2025 and pivoted to adding reserves back into the financial system by […]