The dollar experienced a decline following disappointing US economic indicators, leading to less anticipation for interest rate hikes. Treasury yields dropped universally as retail sales saw a significant downturn. Meanwhile, oil prices reversed their upward trend as traders sought new market signals. In Asia, stock markets showed little variation amid careful monitoring of Middle Eastern affairs, with ongoing geopolitical tensions impacting global investor confidence.
Tata Consumer shares rally over 4% after Q2 results. Why brokerages remain bullish despite target price cuts
Tata Consumer Products reported 16% year-on-year profit growth in Q2FY27, while brokerages retained positive ratings but cut target prices amid inflationary pressures. Jefferies, Nuvama, Elara