Justice Department drops criminal probe of Fed chair Powell, likely clearing way for Warsh
The Justice Department has concluded its investigation into Federal Reserve chair Jerome Powell. This decision removes a significant obstacle to the confirmation of Kevin Warsh, President Trump’s nominee. The probe focused on the Fed’s building renovations. Prosecutors found no evidence of criminal conduct. A judge had previously dismissed subpoenas. This development could lead to a […]
Probal Sen flags muted quarter for Reliance as O2C weakness weighs
Reliance Industries anticipates a subdued earnings report this quarter. The oil-to-chemicals segment faces pressure, impacting overall numbers. While retail and telecom offer stability, energy business challenges are expected to weigh down consolidated performance. Market participants will closely monitor the Nifty heavyweight’s results.
Sandip Sabharwal sees strength in financials, warns of IT sector headwinds
India’s top IT firms reported mixed earnings, grappling with near-term pressures and AI-driven structural shifts, leading to subdued growth forecasts. While IT valuations have become more reasonable, market expert Sandip Sabharwal advises caution due to these structural issues. Financials and metals, however, show resilience and potential upside.
Union Bank of India shares fall 10% in two days after Q4 earnings. What’s spooking investors?
Union Bank of India shares fell sharply after its Q4FY26 results disappointed brokerages despite a rise in net profit. Weak NII, a sharp spike in provisions and margin pressure weighed on sentiment. While asset quality improved, analysts remain cautious, citing elevated credit costs and limited upside in the near term.
Nifty can fall to 20,500 in the bear case, warns JPMorgan; cuts D-St to ‘Neutral’
JPMorgan downgraded Indian equities to neutral from Overweight, warning the Nifty could fall to 20,500 in a bear-case scenario, implying a 15% downside. While the long-term outlook remains intact, near-term risks such as elevated valuations, Iran war uncertainty and energy disruptions persist. The brokerage flagged earnings risks, with analysts cutting FY27 estimates and trimming MSCI […]
Steve Englander on US dollar, oil and the surprising market resilience
Global markets are navigating geopolitical tensions with surprising resilience, particularly in the US. Despite initial fears, financial assets show a weakening correlation with oil prices, while US equities remain robust. The dollar’s strength is linked more to equity performance than oil, suggesting a shift in market focus towards corporate earnings and AI.
Adani Energy slips over 3% despite Q4 net profit rising 6%
Adani Energy Solutions shares fell despite steady Q4 performance. The company posted a 6% YoY rise in net profit to Rs 684 crore and a 17% jump in revenue to Rs 7,443 crore, driven by key transmission projects.
Dr Reddy’s shares fall 2% after Goldman Sachs downgrades, Citi turns cautious
Dr Reddy’s shares fell after Goldman Sachs and Citigroup turned cautious, citing limited growth visibility, pipeline concerns and valuation risks. Brokerages flagged lower earnings potential amid generics pricing pressure and muted opportunities in semaglutide. Despite earlier optimism, analysts see downside risks persisting in the near term.
Infosys shares fall over 3% after Q4 results. What Morgan Stanley, other top brokerages are saying
Infosys shares dipped following a 21% profit rise, as a weaker-than-expected FY27 revenue growth forecast of 1.5% to 3.5% disappointed experts. Concerns also include a headcount drop and fewer new deals. Analysts are divided, with some maintaining ‘Hold’ and others ‘Buy’, but most have lowered price targets, citing macro uncertainties and AI’s impact.
Silver dips Rs 2,300, gold at Rs 1.51 lakh as oil surge, Iran war uncertainty raise inflation worries. What’s next?
Gold and silver opened lower on MCX amid rising crude oil prices near $110 per barrel, fuelling inflation concerns and rate outlook uncertainty. Geopolitical tensions in the Strait of Hormuz added to volatility. Analysts expect range-bound trading with key support and resistance levels guiding near-term strategy across bullion markets.