US stocks experienced a sharp decline as Federal Reserve Chair Jerome Powell indicated that a December rate cut is not guaranteed. This statement followed a 25 bps rate cut announcement amidst concerns over a government shutdown impacting the economic outlook. Despite the broader market dip, Nvidia’s stock surged on significant AI chip orders and supercomputer...Read More

United States Treasury yields climbed on Wednesday. The Federal Reserve reduced interest rates by a quarter percentage point. It also announced it will restart limited purchases of Treasury securities. This action follows signs of scarce liquidity in money markets. The benchmark 10-year Treasury yield saw an increase. The two-year yield also rose following the Fed’s...Read More

Adidas CEO Bjorn Gulden stated US retailers are ordering less product upfront. This caution stems from uncertainty over President Donald Trump’s tariffs and their impact on shoppers. Widespread discounting is also evident. Adidas’ North American sales dipped 5% in the third quarter. The company is mitigating tariff impacts with price hikes and supply chain changes.Read More

Groww, a leading stockbroker, is reportedly planning to launch its Rs 6,800 crore IPO in early November, with a potential price range of Rs 95-100 per share. The offering includes a fresh issue and an offer for sale by investors and founders.Read More

Quess Corp reported a 3% year-on-year revenue increase to ₹3,832 crore in Q2FY26, with EBITDA reaching a record ₹77 crore, up 11%. Growth was primarily driven by the General Staffing segment, which added 21,000 employees, and strong performance in Professional Staffing, particularly in the GCC segment.Read More

The Indian market ended higher on Wednesday, with the Sensex and Nifty closing less than 1% shy of record highs, as investors positioned for an expected U.S. Federal Reserve rate cut and optimism over a potential U.S.-China trade truce buoyed sentiment.Read More

HeidelbergCement India on Wednesday reported a two-fold rise in net profit to Rs 24.93 crore for the September quarter of FY26, helped by higher sales volume and improvement in prices.Read More

Aditya Birla Capital witnessed an ₹819 crore block deal as Advent International’s Jomei Investments sold 2.66 crore shares. Global and domestic institutions, including Goldman Sachs, Morgan Stanley, HDFC Life, and Norges Bank, emerged as key buyers, signalling strong investor confidence.Read More

Nvidia has become the first company to reach a $5 trillion valuation, driven by the booming artificial intelligence sector. This milestone highlights the significant technological shift, though concerns about an AI bubble persist. The chipmaker’s rapid stock growth is fueled by immense demand for its products, with recent disclosures of substantial chip orders and strategic...Read More

Stock markets hit record highs Wednesday thanks to optimism over US trade deals, the AI sector and an expected interest-rate cut by the US Federal Reserve.Read More