The sell-off in the global markets overnight is dragging Asian stock markets mostly lower on Friday, as traders react to an escalation in tensions in the Middle East, and lingering worries about global economic slowdown and the outlook for interest rates. Global equities also came under pressure after bond yields once again retraced its highest closing level in over sixteen […]

Weakness in HDFC Bank’s net interest margin (NIM) might have bottomed out in the July-September quarter (Q2-FY24), analysts said on Tuesday, as most of the merger-related one-time adjustments have been done. The bank, they believe, should be able to grow from here on, allowing the stock to reverse its underperformance. “The weak NIM print was not unexpected given the merger […]

After a gap of 128 years, cricket will return to Olympics as a competition item. It was among five sports events that have been officially added to the Los Angeles Olympic Games, 2028. The 141st Session of the International Olympic Committee (IOC) also decided to include Baseball/softball, flag football, lacrosse (sixes) and squash to LA28. For baseball/softball, cricket and lacrosse […]

Shares of LM Ericsson were losing around 9 percent in the morning trading in Stockholm after the Swedish telecom company reported Tuesday a hefty loss in its third quarter, compared to prior year’s profit, hit by one-time charge related to Vonage acquisition, as well as weak sales. Looking ahead, the company expects the current macroeconomic uncertainty to persist into 2024, […]

Stocks have moved sharply higher during trading on Monday, with the major averages all showing strong moves to the upside. The advance comes on the heels of the pullback seen over the two previous sessions. Currently, the major averages are just off their highs of the session. The Dow is up 344.60 points or 1.0 percent at 34,014.89, the Nasdaq […]

HDFC Asset Management Company (HDFC AMC) reported a healthy profit after tax (PAT) of Rs 430 crore for the July-September quarter (Q2) of financial year 2023-24 (FY24). It rose 20.2 per cent year-on-year (Y-o-Y) and decreased 8.4 per cent quarter-on-quarter (Q-o-Q). This was driven by good equity returns, leading to a sequential improvement in revenue yields. The drop in treasury […]

Automobile manufacturers are likely to report strong numbers for the September quarter of Financial Year 2023-24 (Q2 FY24), riding on growth across segments and offset by a marginal drop in overall two-wheeler (2W) volumes. Higher average selling price (ASP) year-on-year (YoY), which was necessitated by price hikes taken by original equipment manufacturers (OEMs), and an improved product mix will also […]

The less than expected cooling in inflation in the U.S. and the deflationary indications from China swayed sentiment across markets. Wall Street Futures are trading with losses. European benchmarks are trading on a negative note. Asian stocks declined amidst disappointing data from China. The Dollar declined after a rebound on Thursday. Bond yields mostly eased. Despite official data showing a […]

Philadelphia-area manufacturing activity contracted at a slower rate in the month of October, according to a report released by the Federal Reserve Bank of Philadelphia on Thursday. The Philly Fed said its diffusion index for current general activity climbed to a negative 9.0 in October from a negative 13.5 in September, although a negative reading still indicates contraction. Economists had […]