Automobiles gained 0.9%, with Milan-listed shares of Stellantis up 1.5% after the automaker said its global vehicle shipments rose 13% year-on-year in the third quarter.Read More
Indian equity markets are trading range-bound due to a balance of supportive monetary and fiscal policies against slowing global growth and foreign outflows. Analysts suggest a cautious outlook for the IT sector, favoring multi-asset portfolios with exposure to gold, silver, and commodities.Read More
WeWork India’s stock debut saw a drop despite a fully subscribed Rs 3,000-crore IPO driven by qualified institutional buyers. Retail investor interest was modest. The company has shown a strong financial turnaround, with rising revenues and profitability, but its IPO valuation is at a premium compared to listed peers.Read More
Tata Consultancy Services is investing seven billion dollars in data centres and AI infrastructure. This marks a significant strategic move for India’s largest software exporter. The company also saw a three percent fall in employee numbers. Experts believe this investment is a positive step for future growth. Other Indian IT firms may follow this capital allocation strategy.Read More
Parag Thakkar of Fort Capital remains bullish on TCS, citing positive results and strategic AI/data centre investments as long-term positives. He also expresses optimism for the metals and banking sectors, highlighting strong fundamentals and attractive valuations for companies like Hindalco, Tata Steel, HDFC, ICICI, and SBI.Read More
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