The S&P 500 and Nasdaq reached intraday record highs following encouraging producer inflation data, fueling expectations of Federal Reserve interest-rate cuts. Oracle’s surge further propelled market gains. At the opening bell, the Dow Jones Industrial Average experienced a slight increase, while the S&P 500 and Nasdaq Composite saw more substantial rises.Read More
Several NSE midcap stocks, including Nykaa, P&G Hygiene, FACT, Dixon, GE Vernova T&D, Colgate-Palmolive, and Page Industries, are trading significantly above book value, reflecting strong investor expectations, growth potential, or premium market valuations.Read More
Oracle shares soared about 35% on Wednesday after the company pointed to a demand surge for its cloud services from AI firms, underscoring its deeper push into the backbone of artificial intelligence systems.Read More
Infosys’ upcoming buyback proposal highlights why companies repurchase shares. Buybacks boost EPS, signal undervaluation, and stabilise stock prices. They return excess cash, offset ESOP dilution, and defend against hostile takeovers. Unlike dividends, they offer flexibility and can be tax-efficient. Investors view buybacks as confidence in fundamentals and growth.Read More
Indian markets closed higher for the sixth straight session, led by IT and financials, while auto stocks dragged. OFSS, IT majors, seafood exporters, textiles surged, whereas CarTrade Tech and JM Financial faced sharp declines.Read More
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