Donald Trump’s administration urges the US Supreme Court to review tariffs imposed under a 1977 law. A lower court rejected these tariffs. The Justice Department appeals, citing the International Emergency Economic Powers Act. They argue tariffs are vital for peace and defense. Critics say tariffs violate the Constitution. The Supreme Court’s decision could reshape presidential […]
HDFC Life, LIC, other insurance stocks in focus as GST Council announces tax exemption for life and health policies
Insurance stocks are expected to be in the spotlight on Thursday after the 56th GST Council meeting, chaired by Union Finance Minister Nirmala Sitharaman, announced significant tax relief measures for the insurance sector. The council has approved a full GST exemption on all individual life and health insurance policies, slashing the existing 18% tax rate. […]
Sequent Scientific merger: Sequent and Viyash Life merger plan gets shareholder approval
New Delhi: The proposed merger of Carlyle portfolio companies Sequent Scientific and Viyash Life Sciences has got overwhelming support from shareholders, the company’s management told ET. It secured approval from 99.98% of the former’s public shareholders on August 30. While Sequent is listed, Viyash Life Sciences is privately held. The former is an animal health […]
Asian stocks rise: Asian stocks rise as weak US jobs fuel Fed bets
Asian equities climbed with Wall Street after weak US job openings data reinforced bets on a Federal Reserve interest-rate cut. Shares in Japan, Australia and South Korea gained at the open. Equity-index futures for the S&P 500 and the Nasdaq 100 edged higher after both gauges advanced. Australian bonds tracked Wednesday’s moves in Treasuries, with […]
India large cap companies: Small and mid-cap firms lag behind large caps in Q1 earnings show
ET Intelligence Group: Small and mid-cap firms fared poorly during the June quarter results season compared with their large cap counterparts, according to the ETIG analysis of over 3,100 companies. Net profit of small caps continued to slip for the third consecutive quarter, reaching a nine-quarter low growth of 7.5% year-on-year. Profit growth of mid-caps […]
Maruti Suzuki among 8 consumer discretionary stocks that hit 52-week high; rally up to 35% in a month – Performance Tracker
On Wednesday, the benchmark Sensex surged approximately 410 points to close at 80,567. Amid this broad market upswing, eight stocks from the BSE Consumer Discretionary index reached their 52-week highs, marking their highest levels in the past year. Such breakouts are typically viewed by traders and investors as bullish signals, indicating strong momentum and the […]
Hotel stocks rally up to 50% in FY26: Will GST 2.0 give them an extra boost?
The hotel sector is heating up in FY26, with stocks soaring as much as 50%. This surge is powered by consistent growth, booming demand, and growing excitement around the upcoming GST Council meeting (GST 2.0), where expected tax cuts and simpler rules could give the industry an extra boost. Reduced GST on hotel services could […]
S&P 500 and Nasdaq gain after Alphabet antitrust ruling, soft jobs data
The S&P 500 and the Nasdaq gained on Wednesday after a favorable antitrust ruling for Alphabet boosted the Google parent’s shares, while investors parsed a softer-than-expected job openings report for July. Alphabet jumped 8.3% to hit an intraday record high after a Washington judge ruled late on Tuesday Google will not have to sell its […]
Ahead of Market: 10 things that will decide stock market action on Thursday
The Indian market ended higher on Wednesday, with banking and metal stocks leading gains, while investors awaited updates from a Goods and Services Tax (GST) Council meeting expected to weigh rate cuts on several products. The NSE Nifty advanced 135.45 points, or 0.55%, to finish at 24,715.05, while the BSE Sensex jumped 409.83 points, or […]
Market Trading Guide: HDFC Bank, EIH among 5 stock recommendations for Thursday – Stock Picks
The stock has shown initial signs of recovery by forming an outside day bar on the daily timeframe. On the hourly chart, it has reclaimed the 21 EMA, accompanied by rising volumes. Additionally, the RSI has formed a positive divergence on the hourly time frame, supporting a potential upside move. Rupak De, Senior Technical Analyst […]