Dollar dives as investors cheer after U.S. inflation misses forecasts
The dollar tumbled overnight after the release, and recorded its worst day against the Japanese yen since 2016, having fallen 3.7%. It has since clawed back some of those losses and last rose 0.53% to 141.69 yen.
What changed for market while you were sleeping
Investors are priming for a bounce across Asian equity markets Friday after slower-than-expected US inflation data indicated smaller Federal Reserve rate hikes and triggered the biggest jump for US shares in two years.
Lower sales volume to weigh on the performance of Tata Motors stock
JLR expects a sales volume of 1,60,000 units (excluding China JV) in the second half of the current fiscal year. In the first half of the year, JLR had a sales volume of 147,000 units, implying an expected full-year volume of 310,000 units. This is 40,000-50,000 units lower than the consensus volume forecast reflecting a […]
Lupin surges 4% on positive brokerage commentary post Q2
Macquarie maintained its ‘outperform’ rating on the stock with a 12-month target price of ₹790 per share as profitability missed estimates due to cost pressures after revenue came in line with expectations, it said.
Tata Motors falls 5% as analysts cut price, earnings targets
HSBC and Kotak Institutional Equities downgraded the stock to ‘hold’ and ‘add’ and cut the target price by 10-11% over 12 months. JPMorgan, which had downgraded the stock a month ago, maintained its recommendation but cut target price by another 10% to ₹410 per share. It holds the most bearish view among the analysts that […]
SIP investments hit new high even as equity MF inflows decline in Oct
SIP flows rose to a new all-time high of ₹13,041 crore, compared with the previous month’s ₹12,976 crore. Flows in equity schemes slipped to ₹9,390 crore, compared with ₹14,100 crore in September, data from Association of Mutual Funds in India (AMFI) showed.