Shares of Transformers and Rectifiers (India) slumped over 11% on Wednesday after Q4 results showed a dip in consolidated net profit despite strong revenue growth and a large order book. Margin pressures and rising expenses appear to have spooked investors, even as the company announced a dividend and outlined fresh capex plans.
Nasdaq rises 1%, Dow, S&P close higher as weak jobs data tempers rate hike bets
U.S. stocks finished higher following a weaker-than-expected jobs report which eased rate hike expectations. Nonfarm payrolls rose by only 29,000, significantly below economists’ forecasts of
October 2, 2026