Shares of Tata Technologies Ltd. rose as much as 7.5% on Thursday, July 2, after the company announced that it has expanded its partnership with Tenneco LLC through a $100 million strategic engagement over the next five years. With this, the stock has reversed a five-day losing streak.In an exchang…
Shares of state-run lender Bank of India Ltd. surged on Thursday, July 2, in reaction to its provisional business update for the June quarter, where all metrics were higher between 10% to 20% on a year-on-year basis.Bank of India's global deposits grew by 15% from the same quarter last year to ₹9.5…
Indian IT stocks may not have bottomed out yet despite the sharp correction, as weak demand, artificial intelligence (AI) driven disruption and macroeconomic uncertainty continue to weigh on the sector, according to Abhishek Pathak, VP of Institutional Research Analyst – Tech & IT at Motilal Oswal…
Bernstein upgraded Ambuja Cements Ltd. to "Outperform" from its earlier rating of "Market Perform" on Thursday, July 2, saying the valuation gap between India's two largest cement producers has become unsustainable.Despite the upgrade, Bernstein cut its price target on Ambuja Cements to ₹486 from ₹…
Shares of Vedanta Iron & Steel Ltd., one of the four demerged entities of the Vedanta Group, are locked in a 10% upper circuit on Thursday, July 2.Ever since its listing in June, the stock has either been locked in a 5% circuit or a 10% upper circuit as it has been for the last three sessions, afte…
The US Federal Reserve has turned more hawkish than investors expected, reflecting the strength of the US economy and its determination to bring inflation back to its 2% target, says Ed Yardeni, President of Yardeni Research. Despite the shift in policy expectations, Yardeni remains bullish on both…
Shares of Capital Small Finance Bank Ltd. jumped close to 4% on Thursday, July 2, after it reported a 22% year-on-year increase in gross advances for the June quarter, while asset quality improved on both a sequential and annual basis.According to its provisional business update, the small finance…
Shares of information technology (IT) companies rebounded on Thursday, July 2, after witnessing a sharp selloff in the previous session.The recovery was aided by a rally in global enterprise software stocks following comments by Palantir CEO Alex Karp, although brokerages continue to remain cautiou…
The Nifty IT index is leading the market higher on Thursday, July 2, with stocks like Infosys, HCLTech and Coforge leading with gains between 4% to 5%. However, brokerage firm ICICI Securities, has downgraded seven stocks from within the sector in its latest note.ICICI Securities has downgraded TCS…
The U.S. dollar may be emerging from nearly a year of stagnation, with strategists increasingly arguing that the world's reserve currency is poised for a more sustained advance.The U.S. dollar index has spent the past 11 months in a relatively narrow range. But experts highlighted that recent price…
Shares of Bajaj Auto Ltd. and TVS Motor Company Ltd. will be in focus on Thursday, July 2, after both two-wheeler manufacturers reported robust sales for June.While Bajaj Auto's growth was driven by strong export demand, TVS Motor delivered a better-than-expected performance across key segments.Baj…
A strong July performance for the Nasdaq-100 may not be a sure thing now.The benchmark, made up of the 100-largest, non-financial companies in the Nasdaq Composite by market cap, has posted a July gain in 17 of the last 18 years. In that time, the index has averaged a 4.1% advance for the month.The…
S. Naren, Executive Director and CIO of ICICI Prudential AMC, which managed funds worth $3 billion as of May 31, 2026, said investors who rushed into precious metal ETFs earlier this year ignored asset allocation principles and have since faced losses. He said gold remains useful for portfolio dive…
Swara Baby, an Indian contract manufacturer of baby diapers, adult diapers and feminine hygiene products, has filed its draft red herring prospectus (DRHP) with the Securities and Exchange Board of India (SEBI) to raise funds through an initial public offering (IPO).The proposed IPO comprises a fre…
The Indian rupee opened stronger on Thursday (July 2) at 94.93 against the US dollar, compared with Wednesday’s (July 1'ss) close of 95.25/$, marking a recovery of 32 paise in early trade.The rebound was aided by a continued decline in global crude oil prices, which provided temporary support to th…
Adani Ports and Special Economic Zone Ltd. (APSEZ) disclosed its cargo volume updates for the month of June and the April-June quarter in an exchange filing on Thursday, July 2.For the month of June, Adani Ports handled overall cargo volumes of 46.8 Million Metric Tonnes (MMT), which is a growth of…
Apple Inc. is in negotiations to purchase chips from two Chinese semiconductor makers on a Pentagon blacklist to help reduce the impact of a global memory shortage that’s forced the company to raise prices across its product line.The iPhone maker is seeking to buy memory components from ChangXin Me…
Shares of Coal India Ltd. will be in focus on Thursday, July 2, after global brokerage UBS reiterated its bullish stance on the state-run miner and assigned the highest price target on the Street.UBS maintained its 'Buy' rating on Coal India with a price target of ₹550, the highest among the 25 ana…
Jana Holdings Ltd is ready to give up its status as the promoter of Jana Small Finance Bank by selling its stake to repay the debt it owes to Singapore-based private equity firm TPG Asia, the bank told exchanges. A potential merger with a peer bank is also under consideration,a source close to the…
Shares of Zee Entertainment Enterprises Ltd. are trading as much as 3% lower on Thursday, July 2, after the company's board approved a capital infusion of up to ₹3,143.52 crore through a preferential issue of fully convertible warrants to promoter group entity Sunbright Mauritius Investments Ltd.Ac…
