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Indian equities ended subdued amid geopolitical concerns, volatile crude prices and weak Asian cues. Analysts recommend Chennai Petroleum and ABB India after strong technical breakouts, supported by rising volumes, bullish price structures and trading above key moving averages, indicating sustained upside potential.
Wall Street’s AI trade is expanding beyond chipmakers to power producers, grid builders and equipment suppliers as surging data-centre electricity demand drives investment. Companies spanning nuclear power, grid infrastructure and cooling systems are emerging as key AI beneficiaries despite valuation and execution risks.
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Short sellers have capitalized on the decline of SpaceX shares, which fell below their initial offering price. Investors who anticipated this downturn borrowed and sold shares for a lucrative gain. Following its IPO peak, SpaceX stock has faced volatility, recently dipping towards the $135 mark. The company’s substantial debt for AI investments has raised concerns,…
Abbott Laboratories shares surged 12% after the healthcare company reported strong second-quarter sales, raised its full-year earnings outlook and reaffirmed revenue growth guidance. Progress across its medical devices and diagnostics pipeline further boosted investor confidence in future growth.
Thursday saw declines in the S&P 500 and Nasdaq indexes, primarily due to a renewed slump in chip stocks that outweighed positive earnings from select companies. Investors were keenly assessing economic data to understand the present economic landscape. The consumer staples sector fared better, whereas information technology struggled. Moreover, geopolitical uncertainties and escalating oil prices…
The U.S. Securities and Exchange Commission has introduced a groundbreaking rule to enhance electronic disclosure delivery. This initiative seeks to improve accessibility for investors by leveraging modern technology. Under this proposal, companies may implement electronic delivery without needing prior consent, which could also help lower costs. The public will have two months to provide feedback,…
U.S. markets opened mixed with Dow gaining while S&P 500 and Nasdaq slipped as chip stocks continued to weaken. Investors assessed fresh economic data for signals on growth and policy direction. The divergence highlights sector rotation and cautious sentiment amid uncertainty around tech performance and broader economic conditions.
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SBI Funds Management’s Rs 9,813 crore IPO saw 42 times subscription on its final day. Qualified institutional buyers led the strong demand, subscribing 140.11 times their allocated portion. The issue received nearly 65 lakh applications, the highest number for any IPO this year. The company, India’s largest asset manager, is expected to list with a…