US stocks: Dow closes at record on Mideast optimism; SpaceX, AMD drag Nasdaq
The Dow Jones Industrial Average achieved an all-time high on Wednesday, driven by rising optimism over potential peace talks with Iran. Meanwhile, both SpaceX and AMD saw their stock prices drop following their earnings announcements. The growth in private payrolls also showed signs of cooling in July, reflecting a steady job market, as market watchers […]
US stocks: Alphabet shares fall 4% as DeepMind chief shifts role in Google’s AI shakeup
Alphabet’s Class C shares declined significantly after a major AI leadership restructuring. DeepMind CEO Demis Hassabis is moving to a new chief scientist role. Several prominent Gemini researchers have departed the company recently. This overhaul occurs as Google DeepMind faces challenges with its latest AI model. The company’s cloud business, however, continues to show strong […]
SpaceX draws retail investors despite fall in shares post earnings
Retail investors bought SpaceX shares on Wednesday after a significant price drop. Individual traders purchased over twenty-two million dollars worth of stock. This buying activity followed the company’s first earnings report since its public debut. SpaceX shares experienced a notable decline, falling below one hundred ten dollars. The company reported increased AI revenue and new […]
PB Fintech Q1 Results: Policybazaar parent’s profit soars 92% to Rs 163 crore as insurance premium grows 41%
PB Fintech reported a 92% year-on-year rise in Q1FY27 consolidated profit to Rs 163 crore, driven by robust insurance premium growth, higher operating revenue and improving margins. Operating revenue rose 40%, while total insurance premium increased 41%, supported by strong protection and health insurance demand.
Sterlite Tech, HFCL gain 5% each on reports of US ban on Chinese data centre devices
Shares of Sterlite Technologies and HFCL rallied 5% each after reports that the US administration is considering restrictions on Chinese data centre equipment imports. The proposed curbs could impact optical transceivers used in AI infrastructure. HFCL’s planned ₹400 crore capacity expansion in optical fibre and cable manufacturing also gains attention amid rising demand from AI, […]
QSR stocks near turning point as risk-reward turns favorable, says Motilal Oswal
The Indian quick-service restaurant (QSR) sector is entering a favourable phase after a challenging period, according to Motilal Oswal Financial Services. The brokerage believes easing valuations, improving operational trends, and long-term consumption growth could support a recovery in QSR stocks. It remains selective in the space and highlights Jubilant FoodWorks, Sapphire Foods India, Westlife Foodworld, […]
MCX shares fall 4% after Q1 profit falls 22% QoQ to Rs 413 crore. What should investors do?
Multi Commodity Exchange shares fell after reporting lower June quarter profit and revenue. Profit after tax declined twenty-two percent sequentially while revenue also dropped. However, profit surged one hundred three percent year-on-year with strong trading volumes. Operational milestones included significant growth in average daily turnover and active clients. MCX remains dominant domestically and a major […]
Nifty can rally to 28,615 by this December in Axis’ bull case scenario. Here’s why
Axis Direct expects the Nifty to climb to 28,615 by December in its bull-case scenario, driven by a revival in private capex, resilient domestic demand and improving earnings. The brokerage remains overweight on BFSI, healthcare and capital goods, while cautioning that global risks and elevated valuations could trigger near-term volatility.
Deepak Nitrite shares jump 4% after Q1FY27 profit jumps 209%, revenue rises 36% YoY
Deepak Nitrite shares climbed over 4% after the company reported a more than threefold jump in June-quarter net profit and strong revenue growth. Investor sentiment was further supported by a Rs 2,500 crore expansion plan, positive technical indicators and increased institutional ownership during the quarter.
PNB Housing Finance shares rally 5% after Q1 profit rises 4% YoY, loan assets jump 15%
PNB Housing Finance shares gained after the lender reported steady Q1 earnings, supported by loan book expansion, stable asset quality and healthy capital position despite a modest decline in net interest margins.