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Adani Ports reported a 10.2% profit increase for the June quarter. Higher cargo volumes and international port business fueled this significant growth. Revenue from operations climbed 18.6 percent to ₹10,820.80 crore. The company’s international ports business saw revenue surge eighty percent. Domestic ports revenue grew twelve percent as cargo volumes increased.
Indian equity markets opened yesterday with a strong gap-up and extended gains throughout the session. The Indian Rupee appreciated from lower levels, boosting investor sentiment significantly. Foreign portfolio investors were net buyers, adding to the positive market momentum. Analysts suggest the index may head towards key resistance levels soon. The India VIX, a fear gauge,…
Ahead of its listing, Lohia Corp’s IPO is commanding a Grey Market Premium (GMP) of around Rs 19 per share, suggesting an estimated listing gain of about 4.5%-5% over the upper issue price of Rs 425. Based on current grey market trends, the stock could list near Rs 444.
Japan’s Nikkei share average saw gains on Thursday, boosted by Advantest. Advantest’s shares surged after it raised its annual profit forecast significantly. Other chip-related stocks also experienced upward movement following this positive outlook. However, the broader Topix index declined as banking shares faced selling pressure. This divergence reflects a recent market trend favoring AI-related stocks…
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The latest Grey Market Premium (GMP) stands at Rs 190, implying a premium of nearly 39% over the IPO’s upper price band of Rs 485 per share. If current grey market trends hold, the stock could debut at around Rs 675 per share.
Federal Reserve officials decided to keep interest rates unchanged this week. A fractured vote indicated some policymakers favored a rate increase. Recent inflation data showed a slight easing, influencing the committee’s decision. However, escalating geopolitical tensions and tariffs are fueling inflation concerns. Officials remain committed to achieving their two percent inflation target.
Asian stocks fluctuated on Thursday as semiconductor shares declined. Treasury yields reached multi-decade highs following the Federal Reserve’s policy decision. Microsoft’s cloud growth boosted its stock, while Meta’s forecast caused a slide. South Korea implemented measures to stabilize its stock market after a significant rout. Oil prices edged lower amid reports of US air strikes…
Adani Enterprises reported a net loss of ₹1,160 crore for the June quarter. This loss was due to an exceptional charge related to an OFAC settlement. Strong growth in airports and roads businesses boosted operating performance significantly. The company reaffirmed its capital expenditure plans for upcoming fiscal years. Adani Enterprises has no current plans to…
The rupee strengthened for a third consecutive day, reaching a near three-week high. Dollar sales by foreign and state-run banks aided the local currency’s climb. Sustained buying in domestic equities and positive foreign investor sentiment supported the rupee. Crude oil prices saw a modest rebound, limiting further rupee gains. The currency is expected to trade…