The Indian market ended in the green on Friday, with the Nifty 50 rising for an eighth consecutive session, as softer U.S. labour market data helped temper concerns from a stronger-than-expected inflation reading, bolstering expectations that the Federal Reserve could begin cutting interest rates. Investor sentiment was also supported by signs of progress towards a … Read more
Oracle Corporation shares surged 41% in early Wednesday trade on Nasdaq, hitting a day’s high of $339.68 after the company announced an AI Center of Excellence for healthcare to help organizations leverage rapid advances in artificial intelligence. The sharp rally also turned Oracle into a multibagger in 2025, with year-to-date returns crossing 100%. The surge … Read more
Despite foreign investors pulling money out of Indian equities, Amit Premchandani, Fund Manager (Equity) at UTI AMC, believes the market story runs deeper. He argues that valuations, earnings quality, and sectoral opportunities matter more than short-term flows, and highlights why large caps, BFSI, healthcare, and autos remain attractive bets. Edited excerpts from a chat: Sensex … Read more
The Nasdaq and S&P 500 fell on Wednesday as investors sold tech stocks and moved into less highly valued sectors, as they also awaited remarks from Federal Reserve officials at their Jackson Hole symposium this week. Tech stocks, which drove much of the recovery from Wall Street’s April selloff, have been pulling back. The S&P … Read more
A consortium of key shareholders of ReNew Energy Global has raised the offer price to $8 per share from $7.07 last December for buying out other shareholders in a $880 million bid to delist the company. ReNew on Friday said it has received “a final non-binding offer” from the consortium of Abu Dhabi Future Energy … Read more
Tesla shares shot-up 4% in the opening trade on Wednesday, hitting the day’s high of $313 per share. The uptick was accompanied with strong volumes as nearly 12 crore shares changed hands on the Nasdaq. The Tesla shares rallied notwithstanding a sharper-than-expected fall in second-quarter deliveries. The electric vehicle maker delivered 3,84,122 vehicles in the … Read more
After a sharp rally in Indian equities, concerns are mounting over stretched valuations in certain pockets of the market. In this edition of ETMarkets Smart Talk, Ram Medury, Founder and CEO of Maxiom Wealth, shares his cautious view on midcaps, smallcaps, and the IT sector, which he believes are beginning to look overheated. While the … Read more
NEW YORK: Wall Street stocks advanced on Friday, notching the second straight week of gains, helped by strong economic data and potential easing of trade tensions between the U.S. and China. The U.S. economy added 177,000 jobs in April, exceeding expectations, while the unemployment rate held steady at 4.2%. The data helped to assuage concerns … Read more
In just about three months since President Donald Trump returned to the White House, Wall Street has hemorrhaged a staggering $8 trillion in market value, a collapse that underscores the scale of economic turmoil unleashed by his aggressive trade policies. Even more alarming is that $5 trillion of those losses were incurred in just the … Read more
US stocks edged lower Tuesday, a day before President Donald Trump’s pledged unveiling of sweeping tariffs to address what he called unfair trade imbalances with allies and adversaries alike. Traders are nervously preparing for April 2, which Trump has dubbed “liberation day.” The Republican president has not provided much in the way of details about … Read more