Q4 results today: Wipro, Waree Renewables among 10 companies to announce earnings on Wednesday
Angel One, Waaree Renewable Technologies, and Wipro are set to announce their Q4 results, among ten companies reporting today. Wipro anticipates a revenue decline in constant currency due to softening demand, with a projected marginal YoY revenue increase. Profit is expected to rise, while margins remain stable, with investor focus on client spending and BFSI […]
Exemption-triggered 2% jump sees domestic markets wipe out post-levy losses
Analysts said the optimism on receding tariff uncertainty, following the 90-day pause on activation, and exemptions on items that have the greatest dependence on elaborate Asian supply chains, are expected to drive the benchmark Nifty toward 24,000.
Asian stocks, US futures slide after Nvidia curbs
Contracts for the Nasdaq 100 fell more than 1.4% in early trading and S&P 500 futures dropped 0.9% after Nvidia slumped in after-hours trading. Gold, a safe haven asset that tends to gain when risk assets drop, hit a new record on Wednesday. Bonds held on to the previous session’s gains driven by a Treasury […]
Rupee gains 24 paise to 85.77 on weak dollar index
The currency strengthened to 85.59/$1 levels during the day, before losing some ground due to importer hedging demand, while likely intervention by theReaerve Bank of India (RBI) contained excess gains. The rupee had closed at 86.04 the previous day.
PwC pegs IndusInd Bank’s losses at Rs 1,979 crore
Based on the PwC report submitted on Tuesday, IndusInd Bank said it has assessed an adverse impact (on a post-tax basis) of 2.27% to the bank’s net worth as of December 2024 due to these discrepancies. Early March, when the gaps were first formally announced, the assessment was that the impact would amount to 2.35% […]
Restrictions on MFs’ other biz activities under review
Sebi is also re-examining the institutional mechanism for MFs that was put in place to prevent market abuse and to ensure internal controls.
Volume-linked incentives gone, brokers’ income may take a hit
Securities and Exchange Board of India had asked exchanges to scrap the practice of giving incentives to brokers based on the traded volumes from October 1 last year. While the move was aimed at boosting transparency, brokers said it has eroded profits-particularly of firms that thrived on high-volume trading and razor-thin margins.
Morgan Stanley slashes Sensex target to 82,000
The brokerage cut its Gross Domestic Product (GDP) growth estimates by 40 basis points to 6.1% and expects a slower recovery of 6.3% in FY27, against its earlier forecast of 6.5%.
Auto and ancillary company shares zoom on tariff reprieve hopes
The Nifty Auto index ended 3.4% higher on Tuesday, against benchmark Nifty’s gains of 2.2%. Samvardhana Motherson International was the top performer on the index, up 8%, followed by Balkrishna Industries, Bharat Forge and Tata Motors, which gained 4.5-7% each.