India’s consumer discretionary sector may be entering a more volatile phase as slowing demand, rising raw material costs and tighter financial conditions begin reshaping the outlook for retail.
Shares of Tata Capital continued to remain under pressure on Thursday, trading close to their lifetime low and slipping below the company’s IPO issue price.
Asian equity markets rallied strongly on Thursday as investors returned to technology stocks following upbeat earnings from AI chip giant Nvidia, easing oil prices and softer global bond yields.
Shares of Apollo Hospitals Enterprise surged to a fresh 52-week high on Thursday after the company reported strong quarterly earnings.
Shares of Aurionpro Solutions surged nearly 5 per cent in Thursday’s trading session after the company announced a major fintech contract win in the United States.
Bond yields are among the most important indicators in global financial markets because they affect borrowing costs, investment flows, stock market valuations and overall economic activity.
Shares of Parle Industries witnessed massive buying interest for the second consecutive trading session on Thursday, hitting the 5 per cent upper circuit at ₹5.51 on the BSE.
India’s electric vehicle ambitions received a major boost after Sajjan Jindal-backed JSW Motors secured an Rs.8,000 crore financing line from State Bank of India (SBI) to support its upcoming EV manufacturing operations.
The Indian rupee weakened further on Wednesday, sliding to a fresh lifetime low against the US dollar as surging global crude oil prices and escalating geopolitical tensions in West Asia continued to pressure the domestic currency.