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Japanese shares sank on Tuesday after a long weekend, clocking their sharpest one-day drop since April, as investors fretted over uncertainty surrounding the country’s next premier and persistent U.S.-China trade tensions.
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Winro Commercial India earned ₹2.15 crore in a single day as LG Electronics India listed 50% above its issue price. The smallcap NBFC turned a ₹4.27 crore IPO investment into ₹6.42 crore, leveraging borrowed funds to maximise returns amid record-breaking demand and subscription.
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European stocks dipped on Tuesday on renewed worries about a U.S.-China trade war and as Michelin’s shares slid to a more than two-year low after the French tyre maker cut its annual forecast.
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Copper prices fell sharply on Tuesday following a strong Monday rally amid profit taking by the investors. The MCX October copper futures fell 2.4% to hit a low of Rs 979 per kilogram, taking cues from international prices which saw deeper cuts.
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Tech Mahindra is poised for a double-digit sequential improvement in its September quarter net profit, with estimates ranging from 11.4% to 19.5% growth. Revenue is also expected to see a modest uptick, driven by large deal wins in key verticals. Analysts will be watching demand trends and deal pipeline visibility.
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