The Indian rupee fell 31 paise to close at 91.99 against the US dollar on Wednesday, marking its lowest closing level for the second time in under a week. Increased month-end demand for the greenback and ongoing geopolitical tensions weighed on investor sentiment, offsetting an initial stronger opening.Read More

Asian Paints shares fell 4.3% on Wednesday following third-quarter results, with most top brokerages maintaining bearish ratings due to profitability pressures from intense competition. Analysts with sell ratings foresee potential downsides of 8% to 25%, while more optimistic projections suggest upsides of up to 31%.Read More

Persistent Systems stock sees a dip despite positive analyst outlook. The company is on track to meet its revenue guidance of $2 billion by FY27. Strong order bookings and improving profitability are key drivers. Healthcare segment shows renewed growth. Operating margins faced a temporary hit due to labour code changes. Analysts remain optimistic about future...Read More

US small-cap stocks are currently outperforming larger companies. Wall Street strategists predict this trend will continue. This optimism stems from expectations of faster earnings growth for smaller firms. Falling interest rates and economic expansion are key drivers. Deregulation and more rate cuts are also expected to boost these stocks.Read More

The bonds would have maturity of 12 months and coupon rate of 50 bps over Secured Overnight Financing Rate (SOFR) payable quarterly in arrears, SBI said in a regulatory filing. These bonds will be issued through SBI’s London branch.Read More

Indian IT and pharma stocks are not benefiting from a weaker rupee as expected. Tariff concerns are overshadowing currency gains. Investors are waiting for clarity on trade deals. Foreign investors have also been selling these stocks. Valuations remain a concern for pharma companies. Demand for IT services shows signs of improvement. Stock selection will be...Read More