Jefferies has cut its price target on Paytm to Rs 1,450 after removing PIDF incentives from estimates, trimming EBITDA forecasts for FY27 and FY28. Despite the downgrade, the brokerage maintained its Buy rating, citing strong core business traction.Read More
Global markets remain resilient despite tariff threats and Fed uncertainty, says Port Shelter Investment’s Richard Harris. US equities are supported by strong economic data, while investors increasingly discount aggressive trade rhetoric. With central banks in focus, markets favour equities over bonds but are also hedging through gold and other commodities amid lingering geopolitical and policy...Read More
Adani group shares rebounded up to 5% after a significant sell-off, following news of Adani executives’ willingness to negotiate with the US SEC regarding summons. Lawyers are discussing an agreement to resolve service of process, with the SEC seeking court permission for direct email delivery after India rejected official requests.Read More
IndusInd Bank reported a sharp year on year profit decline in Q3FY26, broadly in line with estimates. Brokerages offered mixed views, with ratings ranging from Outperform to Reduce, citing elevated stress, muted growth and a gradual recovery outlook.Read More
Hindustan Zinc shares surged to a fresh 52-week high of Rs 731, driven by a sharp rally in silver prices which crossed $100 per troy ounce. The company, a leading global silver producer, saw its stock climb as analysts like HSBC upgraded it to ‘Buy’ with an increased target price, citing strong fundamentals and a...Read More
Bond investors are preparing for a prolonged Federal Reserve pause, selectively adding risk as expectations for only shallow rate cuts grow. With markets eyeing Jerome Powell’s guidance and speculation over his possible successor, investors are extending duration cautiously amid resilient economic conditions, tight credit spreads and ongoing geopolitical and fiscal uncertainties.Read More
The Indian Rupee has recovered from its historic low against the US Dollar. This rebound comes as the dollar index weakened. Forex traders noted broad dollar weakness contributed to the Rupee’s gain. Geopolitical uncertainties and capital outflows continue to pressure the Rupee. A pending trade agreement with the US remains a key stabilizing factor.Read More
Shares of Indian textile and shrimp companies surged following the conclusion of a free trade agreement with the European Union. This pact, a result of 18 years of negotiations, is expected to boost bilateral trade. Additionally, renewed optimism for an India-US trade deal emerged after US President Donald Trump’s positive remarks. These developments signal potential...Read More
Geojit Financial Services’ Gaurang Shah sees a mixed earnings season for banks, with some near-term challenges but long-term opportunities. Despite weaker results from IndusInd Bank, Shah remains positive on the BFSI sector’s overall loan growth and outlook for the upcoming financial year, recommending several private and public sector banks, as well as NBFCs.Read More
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