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Economic Times
24 minutes ago
- Economic Times
US stocks open higher as markets weigh fresh economic data; TSMC earnings light up chip stocks
Wall Street opened largely steady on Thursday, as investors mulled over fresh economic data, while upbeat results from Taiwan's TSMC energized U.S. chipmakers. ADVERTISEMENT At 09:31 a.m. ET, the Dow Jones Industrial Average rose 40.95 points, or 0.09%, to 44,295.73, the S&P 500 gained 5.57 points, or 0.09%, to 6,269.27 and the Nasdaq Composite gained 34.26 points, or 0.17%, to 20,764.75. (You can now subscribe to our ETMarkets WhatsApp channel)
Indian Express
27 minutes ago
- Indian Express
Stocks to Watch on Friday, July 18: Indian Hotels, Wipro, South Indian Bank, Axis Bank, Jio Financial Services and more
Stocks to Watch: Shares of several companies will remain in focus on Friday (July 18) including Indian Hotels, Wipro, South Indian Bank, and LTIMindtree, among others. On Thursday, benchmark stock indices Sensex and Nifty settled lower following selling in IT and banking shares and investors remaining in a wait-and-watch mode ahead of the outcome of the US-India trade talks. The 30-share BSE Sensex dropped 375.24 points or 0.45 per cent to settle at 82,259.24. During the day, it fell by 415.21 points or 0.50 per cent to 82,219.27. The 50-share NSE Nifty closed lower by 100.60 points or 0.40 per cent to 25,111.45. Tata Group-owned Indian Hotels Company Limited (IHCL) on Thursday reported a 26.56 per cent rise in its consolidated net profit to Rs 329.32 crore in the first quarter of FY26. The country's biggest hospitality player posted a net profit of Rs 260.19 crore in the corresponding period of the previous financial year. Its total income from operations stood at Rs 2,102.17 crore during the April-June quarter, against Rs 1,596.27 crore in the year-ago period. IT major Wipro reported a 9.8 per cent increase in consolidated profit after tax at Rs 3,336.5 crore during the June quarter. It had posted a profit after tax of Rs 3,036.6 crore in the same period a year ago, the company said in a regulatory filing. The consolidated revenue from operations of Wipro was up marginally to Rs 22,134.6 crore during the April-June period from Rs 21,963.8 crore in the year-ago period. South Indian Bank on Thursday reported a 10 per cent rise in profit to Rs 322 crore during the first quarter. The Kerala-based bank had a net profit of Rs 294 crore in the same quarter of previous fiscal year. The total income rose to Rs 2,984 crore during the June quarter of 2025-26, from Rs 2,736 crore in the same of FY25, South Indian Bank said in a regulatory filing. Interest earned by the bank grew to Rs 2,362 crore as compared to Rs 2,314 crore in June quarter FY25. Jio Financial Services Ltd (JFSL) on Thursday reported a 4 per cent increase in consolidated net profit to Rs 325 crore in the first quarter ended June 2025. The company had earned a net profit of Rs 313 crore in the same quarter a year ago. The company's total income rose to Rs 619 crore as against Rs 418 crore in the June quarter of the previous year, JFSL said in a regulatory filing. During the period, interest income doubled to Rs 363 crore as against Rs 162 crore in the same quarter a year ago. Kalpataru Projects International Ltd (KPIL) on Thursday said it has secured new orders worth around Rs 2,293 crore, along with its international subsidiaries. These include orders in the Buildings and Factories segment in India, as well as Power Transmission and Distribution projects in overseas markets, a company statement said. Technology consulting and digital solutions company LTIMindtree on Thursday reported a 10.6 per cent increase in consolidated net profit to Rs 1,254.1 crore in the June quarter. The company had posted a net profit (attributable to shareholders of the company) of Rs 1,133.8 crore in the year-ago period, according to a regulatory filing. Revenue from operations for the first quarter of FY26 increased 7.6 per cent to Rs 9,840.6 crore, compared to Rs 9,142.6 crore in Q1 FY25. Dairy firm Heritage Foods on Thursday reported a 30.60 per cent drop in consolidated net profit to Rs 40.54 crore during first quarter of this fiscal on higher expenses. The company posted a net profit of Rs 58.42 crore a year ago. Net income rose by 10 per cent to Rs 1,136.8 crore during April-June quarter of the 2025-26 fiscal from Rs 1,032.67 crore in the year-ago quarter, according to a regulatory filing. However, expenses remained higher at Rs 1,085.76 crore as against Rs 958.90 crore in the said period. Hexaware Technologies has acquired 100 per cent stake in SMC Squared for USD 120 million, about Rs 1,029 crore, in an all-cash deal to expand its play on global capability centres, the company said in a regulatory filing. Axis Bank reported a 4 per cent decline in net profit at Rs 5,806 crore for the first quarter ended June 30, 2025, due to a marginal increase in bad loans. The private sector bank had earned a standalone profit of Rs 6,035 crore in the same quarter of the previous fiscal year. The total income rose to Rs 38,322 crore during the June quarter of 2025-26, from Rs 35,844 crore in the same quarter of FY25, Axis Bank said in a regulatory filing. HDFC Asset Management Company (AMC) reported a 24 per cent jump in profit after tax at Rs 748 crore in the three months ended June 2025. In comparison, the asset management firm had posted a Profit After Tax (PAT) of Rs 604 crore in the same quarter preceding fiscal. The company's revenue from operations increased 25 per cent to Rs 968 crore in the first quarter ended June 30, 2025, from Rs 775.2 crore in the same quarter preceding fiscal year, HDFC AMC said in a regulatory filing to the stock exchanges.
Time of India
27 minutes ago
- Time of India
ET Market Watch: Sensex falls 375 points; IT, banks drag nifty below 25,120
Transcript Hi, you're listening to ET Markets Radio, I am your host Neha V Mahajan. Welcome to a fresh episode of ET Market Watch -- where we bring you the latest news from the world of stock markets every single day. Let's get to it: India's markets took a breather today. Sensex dropped 375 points Nifty slipped below 25,120 Drag? IT and banking stocks. Why? A mix of weak earnings and macro worries. Tech Mahindra fell nearly 3% after a disappointing Q1 revenue print. Infosys, TCS, HCL Tech—also under pressure. On the banking side, Axis Bank slipped ahead of its earnings. Financials & Banks were broadly down by 0.4–0.6%. Meanwhile, global cues were mixed: European markets rallied US futures remained cautious after Trump said he might consider firing the Fed Chair, though he called it 'unlikely.' Vinod Nair of Geojit says: 'Markets are facing FII outflows, elevated large-cap valuations, and caution ahead of the US-India trade outcome. But domestic macro fundamentals remain strong.' On the charts: Nifty failed to break resistance at 25,260. Short-term support? Look for 24,900 levels, says Rupak De from LKP Securities. Winners of the day HDFC AMC jumped nearly 3% post a 24% YoY profit surge Sona BLW soared 6.8% on news it may supply EV parts to China's BYD Rupee Alert The rupee hit a 3-week low at 86.07 per dollar, pressured by a strong USD. Oil Prices Up slightly, Brent at $68.67, as trade tensions ease and Middle East risk rises. Caution is back. Geopolitics, earnings misses, and technical resistance are holding the markets in check. Stay stock selective and watch for policy headlines.
