Major US stock indices, including the S&P 500 and Nasdaq, closed at record highs Friday, fueled by optimism over Iran’s decision to open the Strait of Hormuz and potential peace talks with the US. This development eased inflation concerns as oil prices plummeted, boosting consumer discretionary and industrial sectors while energy stocks slid.
KEI Industries shares surge 7% after Q1FY27 profit jumps 40%, revenue rises 23%
Shares of KEI Industries rallied nearly 7% to Rs 5,363.20 on Tuesday following a 40% year-on-year jump in Q1 FY27 net profit to Rs 274