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UTI AMC‘s Executive Vice President – Equity, V Srivatsa, believes investors may be better off leaning towards largecaps despite the superior long-term growth prospects of midcap stocks. With the midcap segment trading at a record valuation premium over largecaps, he said the risk-reward has turned more favourable for largecaps, whose earnings growth is improving while…
The Indian stock market extended losses on Tuesday, with Sensex and Nifty trading flat with marginal losses despite a fall in oil prices following reports of mediation efforts between the US and Iran. Sensex dropped nearly 59 points to 77,650, while Nifty 50 dropped over 22 points at 24,216 on Tuesday. Broader markets, however, edged…
The London Stock Exchange has unveiled plans to launch a night-time trading site in the first half of 2027, the Financial Times reported on Monday, citing the company. LSE’s new exchange will operate separately from LSE’s main market, and initially offer access to exchange-traded products such as funds tracking the UK or U.S. stock market,…
Private Lenders Draw Thinner Margins on Tepid Credit Growth Net interest margins (NIMs), or core profitability from banking operations, have lately come under pressure at top Indian private sector lenders which, in the absence of robust growth in retail credit, leaned on low-yielding corporate loans to drive business in the June quarter.
Oil prices softened on Tuesday, with markets weighing reports of mediation efforts between the U.S. and Iran against an exchange of fresh attacks between the two and threats of a naval blockade of Saudi Arabia by Yemen’s Houthis. Brent crude futures eased 35 cents, or 0.4%, to $88.87 per barrel by 0052 GMT, while U.S….
Kolkata: Karur Vysya Bank on Monday reported a 45% jump in first quarter net profit at ₹756 crore as compared with ₹521 crore in the year ago period while its asset quality slipped a tad. The bank’s pre-provision operating profit stood 36% higher at ₹1096 crore, against ₹805 crore earlier, backed by a 32% rise…
Asian equities advanced after three days of losses as a selloff in chip stocks eased ahead of megacap tech earnings this week. The MSCI Asia Pacific Index rose 0.5%, with the Nikkei 225 Stock Average climbing 1.5% as trading resumed after a holiday Monday. Stocks in South Korea erased earlier losses to edge 0.2% higher….
Mumbai: The Indian rupee retreated to a two-month low of 96.52 to a dollar Monday despite what dealers described as significant central bank interventions, as a steep rise in crude oil prices over the past 10 days stoked inflation concerns in an economy heavily reliant on Gulf-routed energy supplies. The rupee, which had touched a…
The S&P 500 finished slightly lower on Monday as investors looked for signs of Middle East de-escalation while awaiting earnings reports from major technology companies later this week. The second-quarter earnings season is set to gather pace, with results due from companies such as Alphabet, Tesla and Intel. These will provide a broader view of…
Coca-Cola has appointed JPMorgan and Citi as bankers for a planned 2027 initial public offering of one of its majority-owned bottling partners in India, a critical growth market, two sources with direct knowledge of the matter told Reuters. The beverage giant said in June it was preparing a 2027 listing of its Indian bottling unit,…