South Korean semiconductor shares experienced a significant surge on Wednesday. This rally was fueled by softer U.S. inflation data and renewed AI demand optimism. SK Hynix and Samsung Electronics saw substantial gains in early trading. Analysts foresee strong structural demand from AI applications supporting the memory market. Industry experts predict a severe memory supply shortage…

Citigroup reported strong second-quarter earnings, driven by trading and investment banking revenues. The bank’s net income jumped 45%, surpassing analyst expectations significantly. However, shares declined as investors focused on potential higher expenses ahead. Citigroup maintained its full-year return target, signaling possible weaker second-half profitability. The bank’s results align with other major U.S. financial institutions reporting…

The Rs 126.25 crore Alpine Texworld IPO witnessed healthy investor interest on Day 2, with the issue subscribed 28% on the first day, led by retail participation. The IPO is commanding a grey market premium of around 10%, indicating a potential listing price of about Rs 115 per share against the upper price band of…

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

Indian IT stocks such as TCS, Infosys, Wipro, HCLTech, Tech Mahindra, Persistent Systems and Coforge declined up to 2.5% after IBM plunged 25% in its steepest-ever one-day fall on weak preliminary quarterly results. The negative sentiment spilled over to US-listed Indian IT firms, with Infosys and Wipro ADRs falling up to 4%, while global software…

L&T Technology Services reported a nearly 13% year-on-year profit increase for Q1 FY26. Revenue from operations also rose around 11.5% year-on-year during the same period. The company’s EBIT margin improved to 15.7% while securing significant new orders. Brokerages provided varied target prices and ratings on the stock. L&T Technology Services shares saw a gain of…

Tata Elxsi shares fell despite reporting a strong June quarter, with net profit rising 18.2% YoY to Rs 170.6 crore and revenue increasing 14.5% to Rs 1,021.1 crore. The stock declined as investors appeared unimpressed despite healthy growth in profitability and operating margins.

Indian stock markets traded higher on Wednesday, with Sensex and Nifty gaining ground. This rise followed a slowdown in US inflation, easing rate hike concerns. Asian Paints and Reliance Industries shares led the gains on the Sensex index. However, IT stocks like TCS and Infosys experienced a decline. The India VIX volatility measure saw a…

More than 100 Indian equity mutual funds doubled investors’ money over five years, but experts caution against chasing past winners. While sectors such as defence, infrastructure and PSUs delivered stellar returns, recent performance has weakened. Fund managers recommend diversified equity funds over concentrated sector bets, citing attractive valuations and long-term opportunities despite near-term market volatility.

Shares of Nuvoco Vistas surged after the cement maker reported a strong set of Q1 FY27 earnings, prompting multiple brokerages to reiterate bullish views. Analysts cited better-than-expected profitability, resilient pricing, cost discipline and capacity expansion plans as key drivers supporting further upside in the stock.