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Uncover the latest corporate headlines, economic policies, macro-level market updates, and industry developments shaping Indian and global markets on FinSiddhi.
SK Hynix shares jumped five percent as brokerages began coverage with positive assessments, spurred by the company’s strong position within the artificial intelligence memory sector. Although there was a recent dip, the U.S. listing enhances global investor accessibility. Despite reporting record quarterly profits, shipment delays caused a miss on analyst expectations. Nonetheless, robust orders from…
Palantir Technologies shares saw a significant jump after strong financial forecasts were released. The company raised its full-year revenue and income projections considerably for this year. US commercial sales experienced a substantial increase, which boosted investor confidence. This performance helped alleviate concerns about competition from AI developers. The company’s stock experienced its largest intraday gain…
PNB Housing Finance posted a 4.3% rise in June-quarter net profit as loan assets and AUM recorded double-digit growth. Net interest margin narrowed, while asset quality improved with lower gross NPAs despite higher operating expenses during the quarter.
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Palantir Technologies has revised its annual revenue forecast upwards once more, attributing this back to robust demand from both government and commercial sectors. U.S. government revenue saw an impressive surge of ninety percent. Furthermore, the company has significantly adjusted its expectations for U.S. commercial revenue, illustrating how the swift growth in this market is propelling…
The wave of selling from foreign portfolio investors in Indian equities may have reached its end. The resilience of domestic economic fundamentals, accompanied by improving investor sentiment, is promising. With inflows turning positive in June and July, supported by heavy debt investments, foreign investment seems poised for continued strength as India maintains its robust growth.
Markets ended lower after Monday’s rally as profit booking, heavyweight weakness and caution over the new closing auction mechanism weighed on sentiment. Analysts recommended buying Deepak Fertilisers and Paytm, citing strong technical setups, bullish momentum and favourable risk-reward for the near term.
Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…
Wall Street’s S&P 500 index reached a new intraday record high on Tuesday. Upbeat artificial intelligence forecasts from Caterpillar and Palantir boosted market sentiment. Hopes for an imminent Middle East peace deal also contributed to the gains. Strong earnings from AI companies like Amazon and Microsoft reassured investors about their investments. The blue-chip Dow Jones…
McDonald’s posted higher second-quarter profit and revenue, though sales growth in its US market slowed as cautious consumers curbed spending. The company appointed a new US president, expanded value offerings and aims to revive momentum in its largest market amid economic pressures.