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BlackRock reported a ​rise in first-quarter profit on Tuesday, as the asset manager ​saw strong inflows into its exchange traded funds and earned more from performance fees, sending its shares up 2.8% in trading before the bell.
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Jefferies downgraded Indus Towers to underperform, cutting its target amid contract renewal risks, rising capex, and competitive pressures. Potential tenant discounts, lower renewals, and high maintenance costs may weaken revenues, earnings growth, and limit dividend payouts over the medium term.
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ICICI Prudential Life Insurance reported a 58% jump in March-quarter profit to Rs 609 crore, while FY26 profit rose 35% to Rs 1,600 crore. Premium growth remained strong, led by one-time policies. The insurer expects retail demand to benefit from tax cuts, though market-linked product demand may stay subdued amid ongoing volatility in equity markets.
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European shares rallied to their highest intraday level ​in over a month on Tuesday, as investors welcomed signs of possible Middle East peace talks, even as LVMH and other companies warned of fallout from the war.
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U.S. stock index futures rose on Tuesday as traders held ​onto hopes of a de-escalation in the Middle East conflict, while awaiting March producer price data and a fresh round of corporate earnings.
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