US stocks today: Dow posts closing record high, S&P 500, Nasdaq muted as AI rally pauses
US stocks ended mixed as the Dow hit a record closing high driven by healthcare and consumer gains, while tech and chip stocks lagged. Banking shares fell after JPMorgan flagged higher expenses, and Zscaler dropped on weak guidance. Goldman Sachs raised its S&P 500 forecast to 8,000 amid strong earnings outlook.
DGGI set to fire up GST recovery drive against gaming firms after Supreme Court’s backing
The Directorate General of GST Intelligence will now aggressively pursue tax recovery from online gaming companies after the Supreme Court upheld a 28% GST levy on the full bet value. This ruling validates tax evasion allegations of approximately ₹1 lakh crore against around 80 companies, paving the way for significant recovery proceedings.
Market Wrap: Sensex falls 142 points, Nifty holds 23,900; HDFC Bank shares tumble 3%
Indian stock market closed in the red, with benchmark indices Sensex and Nifty falling up to 0.2% as Iran-US tensions simmered and rupee declined. Broader markets however showed resilience, ending the session in the green.
JP Power shares soar 20% on optimism around Adani Power’s 24% stake purchase
Jaiprakash Power Ventures shares surged on Wednesday, extending gains for a fifth straight session and rising more than 25% during this period. Trading activity remained strong, with over 87 crore shares worth Rs 1,904 crore changing hands.
HFCL vs Sterlite Tech: Both stocks turn multibaggers, rocket up to 375% YTD. Should you invest amid AI boom?
Optical fibre makers HFCL and Sterlite Technologies are experiencing a boom, with shares surging due to massive demand for AI-driven data centre infrastructure. India’s growing data centre market and global hyperscaler investments are fueling this growth, making these companies key beneficiaries of the AI expansion.
Coal India shares drop 6% after OFS launch. Buy the dip or wait? Here’s what technical indicators suggest
Coal India shares fell over 6% after the government announced a Rs 5,000 crore offer for sale at a 10% discount to the previous closing price. Analysts said the stock’s near-term trend has turned cautious, with key support levels around Rs 428–430 and resistance seen near Rs 455–460.
Hindalco, Nalco shares jump up to 5% after aluminium prices hit 4-year high. Where is metal headed?
Hindalco and Nalco shares climbed as aluminium prices hit a four-year peak. Geopolitical tensions in Iran and possible production curbs in China, the world’s top producer, are driving the rally. Traders are concerned about China’s review of energy consumption and emissions. This situation tightens global supply, benefiting Indian aluminium producers. Morgan Stanley sees strong demand […]
Zydus Lifesciences buyback alert! Last date to buy shares to participate in Rs 1,100 crore buyback at 7% premium
Investors must purchase Zydus Lifesciences shares by Wednesday, May 27, to be eligible for the Rs 1,100 crore buyback, as the record date is May 29. The company approved buying back up to 95.65 lakh shares at Rs 1,150 each, a 7% premium. This follows strong Q4 results and a dividend recommendation.
Have trading volumes dropped after STT hike on F&O? Here’s what data shows
India’s government increased taxes on derivatives trading to control speculation. Data from April and May shows trading volumes remained largely unchanged. While some futures saw a dip, options trading volumes remained strong. The Finance Minister stated the tax aims to deter excessive speculation and protect small investors from heavy losses.
Finolex Industries shares jump 8% after Q4 profit surges 59% YoY; stock rallies 20% in a week
Finolex Industries shares jumped after the company reported strong Q4FY26 earnings, supported by higher margins and solid operational performance. Consolidated net profit rose 59% year-on-year to Rs 261 crore in the March quarter, compared with Rs 164.58 crore a year earlier.