US stocks today: S&P 500, Nasdaq end lower as inflation, Iran tensions weigh
US stocks closed lower as hotter-than-expected inflation and escalating US-Iran tensions weighed on sentiment. The S&P 500 and Nasdaq retreated from record highs, led by tech weakness, while Dow held steady. Rising oil prices and fears of prolonged inflation reduced hopes of Fed rate cuts and lifted rate-hike bets.
Dr Reddy’s Laboratories Q4 Results: Cons PAT falls 86% YoY to Rs 221 crore, revenue dips 12%; Rs 8 per share dividend announced
Dr Reddy’s Laboratories Q4 Results: Dr. Reddy’s Laboratories reported a consolidated net profit at Rs 221 crore in the March-ended quarter versus Rs 1,587 crore in the year ago period, an 86% YoY fall.
Tata Power Q4 Results: Profit slips 4% YoY to Rs 996 cr, revenue falls 13%
Tata Power Q4 Results: Tata Power reported a consolidated net profit of Rs 996 crore for Q4 FY26, a 4% year-on-year decline, while revenue fell 13%. The company achieved its highest-ever annual PAT of Rs 5,118 crore for FY26, driven by strong performance in its renewables, solar manufacturing, and transmission and distribution businesses.
Gold, housing plays take a hit as Modi’s austerity pitch rattles consumer-facing stocks
Jewellery and real estate stocks experienced a sharp decline after Prime Minister Modi urged financial restraint, advising citizens to postpone gold purchases and reduce discretionary travel. The comments, aimed at curbing fuel consumption amid geopolitical uncertainty and high energy costs, triggered an immediate market reaction in sectors tied to household spending.
Dixon Technologies Q4 Results: Cons PAT falls 36% YoY as topline grows 2%; Rs 10/share dividend announced
Dixon Technologies reported a 36% YoY drop in Q4 consolidated PAT to Rs 256 crore despite a 2% rise in revenue to Rs 10,511 crore. EBITDA improved 9%, while the board recommended a Rs 10 per share dividend. The stock fell over 6% after the earnings announcement.
Vodafone Idea board to weigh fundraise through equity after AGR relief
Vodafone Idea board will consider raising funds via equity shares and warrants as sentiment improves after AGR relief and regulatory clarity. The stock has rallied sharply in recent months on reduced dues, leadership changes and stake-related developments. Brokerages turn more positive, citing improved visibility for fundraising and network expansion plans.
Oil market enters tight supply phase after years of underinvestment: Nikhil Bhandari
Global energy markets are entering a structurally tighter phase due to years of underinvestment in crude oil and refining. While renewables are growing, grid constraints persist, and downstream product shortages are emerging, signaling a multi-year squeeze across the energy sector.
Skechers-retailer Gaurik Fashions files draft papers for IPO with Sebi
Gaurik Fashions has filed draft IPO papers with Sebi to raise funds through a fresh issue of 62 lakh shares and an OFS of 8 lakh shares by Aries Opportunities Fund. The retailer, which operates stores for brands such as Skechers, Guess and Bugatti, plans to use the proceeds to expand its retail footprint by […]
Jyothy Labs shares tumble 15% in two days after Henkel ends Pril, Fa licence agreements
Jyothy Labs shares dropped significantly after the company revealed that licence agreements for popular dishwash brand Pril and personal care brand Fa with Henkel will end in May 2026. This marks the conclusion of a long-standing partnership. Jyothy Labs is now focusing on its own brands, particularly Exo in the dishwash segment.
Vodafone Idea shares drop 4% after telco clarifies on treasury stock transfer report. Here’s what it said
Shares of Vodafone Idea fell nearly 4% after the company clarified it had not received any communication from Vodafone Group regarding a reported stake transfer proposal. The clarification followed an 8% rally triggered by reports suggesting Vodafone Plc may transfer part of its stake to strengthen Vodafone Idea’s balance sheet and fundraising efforts.