US stocks today: S&P 500 and Nasdaq end higher on cool inflation data, solid bank earnings
U.S. stocks ended higher as softer June inflation data and strong bank earnings lifted sentiment despite escalating Middle East tensions. Nasdaq outperformed on chip gains, while JPMorgan and Goldman Sachs advanced on robust results. IBM fell on weak revenue guidance, and markets scaled back expectations of a near-term Federal Reserve rate hike.
Why IBM shares crashed 26%: CEO highlights customer spending shifts towards AI
IBM’s second-quarter results missed expectations, impacted by customer spending shifts, triggering one of the worst crashes in its stock. CEO Arvind Krishna said clients prioritized AI infrastructure, securing supply-constrained hardware in June. He also atrributed the shortfall to execution lapses and a mainframe business setback.
RBI proposes easing rules for mutual funds, insurers to acquire higher stake in banks
The RBI has proposed one-time approval for mutual funds, insurers and pension funds to increase bank shareholding up to 10% without repeated regulatory clearance. The move aims to simplify compliance for significant institutional investors, with public comments invited until August 4, 2026.
Rs 1,839 crore Biocon block deal: ICICI Pru MF biggest buyer along with Citi and Goldman Sachs
Mylan sold a ₹1,839 crore stake in Biocon through a block deal, attracting strong institutional demand. ICICI Prudential Mutual Fund emerged as the largest buyer, alongside other mutual funds, insurers and foreign investors, highlighting continued confidence in the pharmaceutical company.
Sebi exempts Juhi Chawla-owned Mehta Family Trust from Saurashtra Cement open offer
The Securities and Exchange Board of India (Sebi) has granted the Mehta Family Trust relief from the open offer requirement linked to their indirect acquisition of shares in Saurashtra Cement Ltd. This restructuring aims to facilitate succession planning within the family and has been determined as non-commercial, ensuring that the control of the company remains […]
JPMorgan posts record profit on big gains from dealmaking, stock trading
In a remarkable feat, JPMorgan Chase announced its record profits for the second quarter, driven by impressive growth in investment banking and trading revenues. This quarter saw investment banking fees hitting their highest levels since 2021, and market revenues soared by thirty-five percent due to fluctuating trading conditions. Despite this success, share prices dipped after […]
Buffett to offload Berkshire stake in 8 years, Gates snubbed
Warren Buffett is accelerating donations of Berkshire Hathaway shares, aiming to fully divest his stake within eight years. He excluded the Gates Foundation from future gifts amid renewed scrutiny over Bill Gates’ ties to Jeffrey Epstein, instead directing shares to foundations run by his children and late wife.
Axis Securities picks 6 small, midcap stocks that can rally up to 36%. How many are in your portfolio?
Axis Securities has identified six promising small and midcap stocks for investors. These selected companies offer potential rallies ranging up to thirty-six percent. Ujjivan Small Finance Bank and Chalet Hotels are among the featured selections. Minda Corporation and Healthcare Global Enterprises also present strong growth prospects. Dalmia Bharat and APL Apollo Tubes complete the list […]
Vijay Kedia’s new smallcap bet revealed; FIIs raise stake, stock up 15% in one month
Kedia Securities, backed by ace investor Vijay Kedia, acquired a fresh 1.45% stake in smallcap engineering firm Eimco Elecon during the June 2026 quarter. The stock has gained nearly 15% in the past month, while improving FII participation, strong fundamentals and a constructive technical setup continue to keep it on investors’ radar.
HCL Tech shares fall 3% after Q1 results. What Nomura, Motilal Oswal & other brokerages suggest now
HCL Tech shares fell over 3% despite reporting a 20% YoY rise in Q1FY27 consolidated net profit to Rs 4,624 crore and a 13% increase in revenue to Rs 34,579 crore. The IT major retained its FY27 constant currency guidance, forecasting 1-4% revenue growth, 1.5-4.5% services revenue growth, and an EBIT margin of 17.5-18.5%, disappointing […]