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🇮🇳109d ago
AI Trade Pivots to Power Sector as Data Centre Demand Surges
Wall Street's artificial intelligence investment thesis is broadening beyond semiconductor manufacturers to encompass power producers, grid infrastructure operators, and cooling equipment suppliers as data-centre electricity consumption accelerates. The sector shift reflects recognition that AI infrastructure requires massive and sustained energy capacity, creating investment opportunities across nuclear power, grid modernization, and thermal management companies.
🇮🇳109d ago
ABB India, Chennai Petroleum Recommended After Technical Breakouts
Analysts have recommended ABB India and Chennai Petroleum as trading opportunities following strong technical breakouts supported by rising volumes and bullish price structures. Indian equities ended subdued on Friday amid geopolitical concerns, volatile crude prices, and weak regional cues.
🇮🇳109d ago
SpaceX Short Sellers Pocket $8.7B Gains as Stock Falls Below IPO Price
Short sellers have realized approximately $8.7 billion in gains as SpaceX shares declined below their initial public offering price, recently approaching the $135 level. The downturn reflects investor concerns over the company's substantial debt burden related to artificial intelligence investments, which analysts suggest could trigger continued volatility.
🇮🇳109d ago
Abbott Labs shares surge 12% on strong Q2 sales, raised profit outlook
Abbott Laboratories' stock jumped 12% following the company's second-quarter earnings report, which featured robust sales performance and an elevated full-year earnings forecast. The healthcare firm also reaffirmed its revenue growth guidance while demonstrating progress across its medical devices and diagnostics pipeline, reinforcing investor optimism.
🇮🇳109d ago
SEC Proposes New E-Delivery Framework for Investor Disclosures
The U.S. Securities and Exchange Commission has introduced a rule proposal to modernize electronic delivery of investor disclosures, allowing companies to implement e-delivery without prior consent while potentially reducing costs. The public comment period extends for two months before the SEC finalizes the regulation.
🇮🇳109d ago
RBI bars banks, NBFCs from reselling stressed assets to defaulters
The Reserve Bank of India has introduced new prudential regulations prohibiting banks and non-banking financial companies from reselling acquired stressed assets back to defaulting borrowers or related parties, effective October 2026. The measure aims to strengthen asset resolution discipline and prevent circular transactions that could undermine the integrity of the financial system.
🇮🇳109d ago
SBI Funds Management IPO oversubscribed 42x with record applications
SBI Funds Management's Rs 9,813 crore initial public offering achieved 42 times subscription on its final day, attracting nearly 65 lakh applications—the highest number for any Indian IPO this year. The strong demand, led by qualified institutional buyers who subscribed 140.11 times their allocated portion, positions the country's largest asset manager for a listing with double-digit premium valuation.
🇮🇳109d ago
US stocks open mixed as chip weakness drags S&P 500, Nasdaq lower
U.S. equity markets opened with mixed performance on Wednesday, with the Dow posting gains while the S&P 500 and Nasdaq declined as semiconductor stocks continued to weaken. Investors analyzed fresh economic data for indications on growth prospects and policy direction amid broader uncertainty around technology sector performance.
🇮🇳109d ago
Jio Financial Q1 Net Profit Surges 155% YoY to Rs 830 Crore
Jio Financial reported a consolidated net profit of Rs 830 crore in the first quarter, representing a 155% year-on-year increase from Rs 325 crore in the same period last year. The significant earnings growth underscores the company's expanding profitability amid broader financial services expansion in India.
🇮🇳109d ago
13 Nasdaq 100 Stocks Deliver Multibagger Returns in 2026
Thirteen Nasdaq 100 stocks have achieved multibagger status in calendar year 2026, driven primarily by strength in artificial intelligence, semiconductor, and data infrastructure sectors. These outperformers have significantly exceeded the broader index's performance, delivering substantial gains to investors.
🇮🇳109d ago
Ather Energy's Rs 1,300-crore QIP oversubscribed 8x by funds
Ather Energy's qualified institutional placement (QIP) of Rs 1,300 crore received subscription orders exceeding eight times the offered shares, according to reports. The issue, which opened on Wednesday at a floor price of Rs 1,169.70 per share, attracted interest from major domestic mutual funds and foreign institutional investors.
🇮🇳109d ago
Six Indian midcaps including BHEL hit 52-week highs amid strong buying
Six BSE 150 MidCap stocks—Ipca Laboratories, Sona BLW Precision Forgings, BHEL, Gujarat Fluorochemicals, Lupin, and Biocon—reached fresh 52-week highs, according to reports, signalling sustained bullish momentum despite the Sensex closing flat. The rally reflects improving investor confidence and strong buying interest in India's midcap segment.
🇮🇳110d ago
Country Risk Now Global Challenge, Says Valuation Expert Damodaran
Valuation expert Aswath Damodaran argues that country risk has expanded beyond emerging markets as global companies increasingly face political, legal, and economic shocks across borders. Investors must now incorporate country-specific risks into valuations for companies listed anywhere, reflecting concerns ranging from US sovereign debt to overseas revenue exposure.
🇮🇳110d ago
ICICI Lombard Shares Plunge 15% on Earnings Miss, Weak Outlook
ICICI Lombard's stock fell sharply to a 52-week low after the insurer's June-quarter results missed analyst expectations, driven by weak underwriting performance, elevated claims, and slower premium growth. Multiple brokerages subsequently downgraded ratings and cut target prices, citing regulatory headwinds and deteriorating near-term profitability prospects for the general insurance company.
🇮🇳110d ago
US stocks rise on inflation data and strong Q2 earnings
Wall Street closed higher as softer producer inflation data and robust early second-quarter earnings results lifted investor sentiment across major indexes. PayPal surged on buyout speculation while financial giants BlackRock and Morgan Stanley exceeded expectations, offsetting weakness in semiconductor stocks.
🇮🇳110d ago
Pentair Shares Fall 17% as Pool Demand Weakens, Forecast Cut
Pentair reduced its annual forecast following weak demand in its pool segment, with shares declining 17% as high interest rates and inflation dampen consumer spending on outdoor projects. The announcement signals a broader slowdown in the pool equipment industry and raises concerns about consumer discretionary spending.
🇮🇳111d ago
China's ChangXin Memory Targets $9.8bn in Record Tech IPO
ChangXin Memory Technologies, China's leading memory chipmaker, is seeking approximately $9.8 billion through what would be the nation's largest mainland technology share offering. The IPO aims to strengthen China's artificial intelligence hardware capabilities and enable the company to compete with global semiconductor leaders like Samsung and Micron.
🇮🇳111d ago
European shares slip as Middle East tensions offset AI chip gains
European equity markets declined slightly as geopolitical risks from Middle East tensions weighed on investor sentiment, despite gains in technology stocks led by ASML's optimistic financial outlook. Luxury stocks also rose on strong jewellery demand, but broader caution prevailed as traders monitor upcoming corporate earnings for economic signals.
🇮🇳111d ago
US Stocks Rise on Soft Inflation Data and Strong Bank Earnings
U.S. stock indices closed higher as softer June inflation readings and robust bank earnings from JPMorgan and Goldman Sachs bolstered investor sentiment, despite ongoing Middle East tensions. The market's positive momentum was tempered by IBM's weak revenue guidance and reflected reduced expectations for imminent Federal Reserve rate increases.
🇮🇳111d ago
US Derivatives Regulator Blocks Kalshi Trade Cancellations Despite Michigan Court Order
The U.S. derivatives regulator prevented Kalshi from canceling Michigan trades following a state court order that banned the platform's sports-related contracts. The decision underscores an escalating regulatory conflict between federal authorities supporting prediction markets and states enforcing gambling restrictions.