Indian equities are likely to witness stock-specific action on 2 July as companies across banking, pharmaceuticals, retail, infrastructure and manufacturing announced operational updates, business performance and regulatory developments. Quarterly bu
India’s manufacturing activity slowed to a three-month low in June, reflecting softer international demand and a moderation in production, hiring, and purchasing activity. According to the HSBC India Manufacturing Purchasing Managers’ Index (PMI)
The Nifty IT index was under pressure on Tuesday, extending its losing streak to four days even when the broader market was trading on an uptrend. Investors' sentiment on the sector stayed negative, due to fears over the slowdown in technology spend,
Shares of Mahindra & Mahindra (M&M) rose nearly 3% in early trade on Wednesday after the company reported June sales that surpassed market expectations across its automotive and tractor businesses. At around 10:01 am, the stock was trading
Gift Nifty indicated a muted opening for Indian benchmark indices on Wednesday despite positive cues from Wall Street, as investors continued to monitor geopolitical developments in West Asia and global financial markets. Gift Nifty was trading near
Several stocks are expected to remain in focus on Wednesday after companies announced fundraising plans, project wins, acquisitions and debt issuances following Tuesday’s market hours. Bank of Maharashtra, NTPC Green Energy, Axis Bank, RailTel, Max
Proprietary trading companies in India and other stock market participants are bracing themselves for changes in their funding systems due to the RBI’s new guidelines on bank guarantees taking effect from July 1. The new system will require bank gu
The Nifty IT index dropped nearly 2% on Tuesday, marking its third straight session of losses, as investors trimmed exposure to technology stocks amid concerns that elevated U.S. interest rates could delay corporate technology spending. At around
The Nifty IT index fell more than 2% in Tuesday’s trade, with broad-based selling across information technology stocks amid concerns over global demand, weak technology spending and uncertainty surrounding the pace of artificial intelligence-led bu
Banking stocks are expected to dominate market attention on July 1 after several lenders announced board-level appointments, fundraising plans and key management changes. Alongside the banking space, companies from infrastructure, renewable energy, i
The Indian market benchmark indices are poised for a positive start today on the back of higher trading of GIFT Nifty than the previous Nifty futures. Firm global markets and gains on Wall Street have improved sentiment, although investors continue t
Shares of Eternal Ltd. and Swiggy Ltd. have come under sustained selling pressure as global e-commerce companies step up investments in India’s fast-growing quick commerce segment. According to Bloomberg, intensifying competition from Amazon.com In
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