Morgan Stanley’s Ridham Desai sees a 25% chance of the Sensex touching 1 lakh within the next year, driven by stronger earnings and improving macroeconomic fundamentals. The brokerage’s base case targets 89,000 by June 2027, while assigning an equal 25% probability to a bear-case decline to 66,000.

The June-quarter earnings season begins with TCS reporting on Thursday, with Motilal Oswal forecasting a 3% year-on-year earnings decline for its coverage universe—the weakest since September 2020. While large- and mid-cap companies are expected to post profit declines, small caps are projected to deliver 20% PAT growth.

South Korea has launched a 24-hour onshore dollar-won trading system, a significant move to boost currency accessibility and global appeal. This extended trading window aims to attract foreign investors and improve market liquidity, aligning with Seoul’s ambition for developed market status in global indices. The reform is expected to enhance the won’s international role and…

Hong Kong’s equity market is set for a record wave of lock-up expirations, with billions of dollars’ worth of previously restricted shares becoming eligible for trading. Analysts warn the increased supply could weigh on stock prices, even as strong IPO gains encourage profit-booking and investors closely monitor market sentiment.

Indian investors are watching as South Korean stocks reversed early gains due to concerns over high valuations in AI-linked companies. Despite this, broader Asian markets found support from falling crude oil prices. SK Hynix’s upcoming US listing and Samsung Electronics’ expected profit surge highlight continued AI demand, even as regional currencies face pressure against the…

India’s National Stock Exchange is gearing up for a massive Initial Public Offering, potentially one of the country’s largest ever. Formal marketing is set to begin next week, with investor meetings planned globally. The exchange aims for a September IPO, looking to raise up to $3 billion through existing shareholders selling a portion of their…

Laser Power & Infra has fixed the price band for its Rs 742-crore IPO at Rs 203-214 per share. The issue opens on July 9 and closes on July 13, with an 11% grey market premium indicating strong investor interest. The company plans to use most of the fresh issue proceeds to repay debt and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…

Disclaimer: The content of this post is sourced from external sites and is for informational purposes only. All rights and…