Category: Stock

The additional tariffs imposed by the US administration, set to take effect from August 27, will have a limited impact on India’s economy, said Krishnan VR, Quantitative Research Specialist at Marcellus. Speaking to ET Now on the eve of Ganesh Chaturthi, Krishnan argued that while a few labour-intensive sectors like textiles, gems and jewellery, and […]

As India celebrates the auspicious Ganesha Chaturthi festival, market expert Pravesh Gour, Senior Technical Analyst at Swastika Investmart, has suggested three stocks to buy for long-term gains this time around. The stocks recommended by him include Eicher Motors, Avenue Supermarts, and Eternal. Here’s why Buy Eicher Motors | Target: Rs 6,800 | Upside: 11% Eicher […]

After nearly two weeks of rebound, Tuesday’s session turned out to be a dampener with selling pressure gripping the indices right from the opening bell. “What made it worse was the banking sector,” said Ajit Mishra, SVP – Research at Religare Broking, in a conversation with ET Now. “Private banks have not participated in this […]

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 […]