US stocks today: Nasdaq falls as technology stocks slide, Treasury yields climb
US stocks closed mixed as Nasdaq slipped due to profit booking and rising Treasury yields, while Dow edged higher. Oil prices surged on supply disruption fears but later eased after geopolitical comments. Energy stocks outperformed, Nvidia earnings are awaited, and Regeneron fell after a failed drug trial result.
IOC Q4 results: Cons PAT surges 78% YoY to Rs 14,458 crore, revenue rises 7%
Indian Oil Corporation announced a significant 78% jump in net profit for the March quarter. Revenue also saw a healthy increase. The company’s board recommended a final dividend for shareholders. Despite global uncertainties, IOC’s profitability remained strong. Financial metrics like debt-to-equity ratio and profit margins showed improvement.
GIFT Nifty jumps nearly 1% after reports of US relief on Iran oil sanctions
GIFT Nifty rallied nearly 1% after reports indicated possible temporary US sanctions relief on Iranian oil exports. Hopes of additional crude supply eased inflation and energy shock concerns, lifting investor sentiment despite ongoing geopolitical tensions, volatile crude prices, rupee weakness, and uncertainty surrounding West Asia negotiations.
Arohan Financial Services files IPO papers with Sebi; eyes Rs 600 cr via fresh issue
US Teachers Insurance and Annuity Association, a retirement financial services firm, Michael & Susan Dell Foundation, Aavishkaar Goodwell India Microfinance Development Company-II Ltd, Tano Capital, TR Capital III Mauritius, and Danish Sustainable Development Goals Investment Fund, among other existing investors, will offload shares.
Gland Pharma,6 stocks hit 52-week highs, rally up to 20% in a month
Despite a marginal rise in the Sensex, seven BSE 500 stocks touched fresh 52-week highs, signalling strong bullish momentum. Gland Pharma, Solar Industries, Laurus Labs, and Sun Pharma were among the key gainers, supported by solid monthly performance and sustained investor buying interest.
Indian markets capable of absorbing different types of shocks: SEBI chief on West Asia crisis
“Due to the prevailing conflict in West Asia, the oil supply chain and its prices got affected in the rest of the world. All the economies have been affected by this and obviously, there are inflationary risks. Besides, spillover effect and second-order effect will also come in,” he said.
Gold loan giant Muthoot FinCorp plans Rs 4,000 crore IPO. Check details
Muthoot FinCorp has approved plans to raise up to Rs 4,000 crore via an IPO, aiming to fund expansion in the fast-growing gold loan market. The company, fully owned by its promoter family, plans a fresh issue of shares as strong gold prices and demand boost sector growth prospects.
Infosys, OFSS, TechM, other IT stocks gain up to 3% despite weak market sentiment. Here’s why
IT stocks such as Infosys and Oracle Financial Services Software gained, while LTIMindtree, Coforge, Tech Mahindra, Mphasis and Persistent Systems also posted strong gains. Meanwhile, the BSE Sensex and Nifty 50 dropped over 1% as the rupee hit a record low and bond yields surged to all-time highs.
Market moves driven more by psychology than fundamentals: Samir Arora
Indian stock markets are caught between global worries and strong domestic company profits. Foreign investor activity, oil price swings, and economic news are shaping market mood. Samir Arora of Helios Capital believes current market jitters are more about perception than lasting damage. He notes corporate earnings are exceeding expectations.
Why Samsung shares just surged 7% to save Kospi from a tragic market meltdown
Samsung Electronics shares surged sharply on Monday after the company resumed mediated wage negotiations with its largest labour union, easing fears of a disruptive strike. The rebound helped lift the KOSPI, as Samsung’s heavy index weight amplified the market impact. Investor sentiment improved after political and corporate leaders intervened to calm tensions.