Category: Stock

Sunil Singhania-led Abakkus Asset Manager Private Limited picked up over 64.3 lakh shares of smallcap Edelweiss Financial Services in a block deal worth Rs 64 crore. The shares were acquired at Rs 100 apiece, a discount of 0.9% to Monday’s closing price. The sellers were Edelweiss Employees Welfare Trust and Edelweiss Employees Incentives and Welfare […]

Indian benchmark indices closed lower on Monday, weighed down by multiple headwinds including the 50% US tariffs kicking in tonight and a weaker rupee. Selling pressure was most visible in banks, pharma, metals, and realty stocks. The Nifty fell sharply, breaking below the support level of 24,800. Commenting on the day’s action, Rupak De, Senior […]

The main U.S. stock indexes were mixed on Wednesday as investors took a breather ahead of Nvidia’s earnings, which are expected to test the momentum of Wall Street’s AI-driven rally. The chip major was at the forefront of the market recovery after April’s lows, crossing the $4-trillion market capitalization mark in July to become the […]

Shares of MongoDB surged about 31% on Wednesday after the database software firm said its Atlas cloud service was seeing increasing usage as more customers build AI applications on the platform. MongoDB was set to add more than $5.2 billion to its $17.51 billion market capitalization. Generative AI apps process vast amounts of unstructured data, […]

A U.S. stake in chipmaker Nvidia is “not on the table” Treasury Secretary Scott Bessent said on Wednesday. “I don’t think Nvidia needs financial support, so that seems not on the table right now,” he said in an interview on Fox Business’ “Mornings with Maria” program. Bessent raised the possibility that the administration could take […]

European shares edged higher on Wednesday, recovering from their largest drop in nearly a month, as investors weighed political risks in France and awaited earnings from artificial intelligence behemoth Nvidia for cues. The pan-European STOXX 600 index rose 0.4% by 0707 GMT. France’s CAC 40 also gained 0.4%, following a three-week low hit in the […]

Japan’s Nikkei share average rose on Wednesday, lifted by gains in Nvidia supplier Advantest, while investors awaited the U.S. chipmaker’s outlook due before the Tokyo market opens on Thursday. The tech-heavy Nikkei advanced 0.3% to close at 42,520.27. By contrast, the broader Topix eased 0.07% to 3,069.74. “The market is focused on Nvidia’s outlook. Its […]

The new round of US tariffs coming into effect today will have a deeper and more prolonged impact on India’s economy and corporate performance than what is currently priced in, warned Dhananjay Sinha, CEO and Co-head, Institutional Equities, Systematix Group. Speaking to ET Now, Sinha said it would be “myopic” to judge market reaction in […]

Even as the Indian stock markets are closed today due to the Ganesh Chaturthi festival, Gift Nifty signaled mildly weak sentiments around noon, on the back of 50% Trump tariffs coming into effect and lackluster Asian trade. Except for Japan’s Nikkei 225, most Asian markets were in the red. Hong Kong’s Hang Seng slipped 1% […]

The ongoing tariff tensions may be grabbing headlines, but their actual impact on India’s economy will remain limited, according to Varun Saboo, Head–Equities at Anand Rathi Shares. Speaking to ET Now, Saboo said India has handled the situation with restraint and is leveraging new trade partnerships to offset potential risks. “While tariff talk has created […]