Profit by knowlytics
Gold prices saw an increase on Friday, driven by escalating U.S.-Iran tensions. These geopolitical events fueled energy prices and inflation concerns, impacting market sentiment. Higher inflation fears reinforced expectations of potential U.S. interest rate hikes by the Federal Reserve. While gold is a hedge against inflation, higher rates typically pressure the non-yielding metal. Other precious…
Axis Bank Q1 Results: The private lender’s net interest income (NII), meanwhile, rose more than 8% YoY to Rs 14,646 crore during the first quarter of the ongoing financial year 2027, from Rs 13,560 crore reported in the same period last year.
European stocks edged lower Friday, influenced by a global tech sell-off and Middle East tensions. Investors await the European Central Bank meeting and corporate earnings reports next week. Rising oil prices and subdued reactions to strong results complicated the market backdrop. Tech stocks experienced a significant decline this week, impacting major AI beneficiaries. Utilities and…
Gold prices are experiencing their steepest weekly decline in six weeks. This drop has encouraged investors to return to the yellow metal. Consumers are also returning to jewelry stores after recent price reductions. Investors are showing caution towards silver, reducing their exposure. Gold remains a preferred core portfolio asset for many investors.
Thirteen BSE SmallCap stocks rallied 10-15% after posting gains in each of the last five trading sessions, outperforming the broader market’s modest advance.
Agentic AI, alternative data and Specialised Investment Funds (SIFs) dominated discussions at the Indian Institutional Quant Conference 2026, where industry leaders, academics and policymakers explored the evolving role of quantitative investing, AI-driven strategies and regulatory developments shaping India’s institutional investment landscape.
JSW Steel’s profit more than doubled year-on-year to 4,696 crore in the June quarter. Robust revenue growth and higher volumes aided the company’s strong financial performance. Consolidated revenue from operations rose around ten percent on year to 47,364 crore. Total expenses grew less than four percent on year, which helped profitability. The company’s net debt…
Xtranet Technologies will launch its Rs 166.8 crore IPO on July 23 at a price band of Rs 120-127 per share. The issue, comprising a fresh issue of 1.31 crore shares, will fund debt repayment, capital expenditure and working capital, with listing scheduled on July 30.
The IPO market will remain active next week with five public issues opening for subscription, including mainboard offerings from Xtranet Technologies and Cube Highways Trust InvIT. Investors will also watch four listings, led by SBI Funds Management, as strong demand and healthy grey market premiums keep primary market sentiment buoyant.
Wall Street’s semiconductor index slipped into bear market territory after tumbling more than 20% from its June peak, raising fresh questions over the sustainability of the AI-driven rally. A new AI model from China’s Moonshot and concerns over heavy AI spending triggered a broad selloff across global technology stocks.