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Morgan Stanley MD Ridham Desai (File photo) Morgan Stanley’s MD Ridham Desai, one of India’s most closely watched equity strategists, says his bullish stance on Indian markets is rooted in structural changes that have transformed the economy’s fundamentals over the past decade.Speaking at the Business Standard BFSI Summit, Desai — who has now been bullish…
On the eve of a closely watched Supreme Court hearing, US President Donald Trump warned that the case could determine the country’s very survival — labeling it as a “life or death” situation for America’s economic and national security.In a post on Truth Social, Trump said the hearing would decide whether the United States remains…
Adani Enterprises Ltd (AEL), the flagship company of the Adani Group, reported an 84% year-on-year rise in consolidated net profit to Rs 3,199 crore for the September quarter, boosted by a one-time gain from the sale of its stake in AWL Agri Business Ltd (formerly Adani Wilmar Ltd).However, excluding the exceptional gain of Rs 3,583…
The stock market’s weekly movement left a split outcome for India’s most valued companies, with only four of the top 10 firms recording gains even as the remaining six together lost Rs 91,685.94 crore in market capitalisation.Reliance Industries delivered the strongest performance of the week, adding Rs 47,431.32 crore to its valuation. With this rise,…
Gold prices continued to slide for the second straight week, pressured by a stronger dollar, easing geopolitical tensions, and the US Federal Reserve’s cautious signals on rate cuts that dented demand for safe-haven assets.On the Multi Commodity Exchange (MCX), gold futures for December delivery fell Rs 2,219, or 1.8 per cent, over the week. The…
Online brokerage Groww is gearing up for one of the most closely watched listings of 2025, as investors eye the Bengaluru-based fintech’s upcoming public issue amid a buoyant primary market. The company’s grey market premium (GMP) of Rs 10.5 suggests potential listing gains of around 10.5% over the upper end of its Rs 95–100 price…
After an exceptional run that saw gold ETFs soar over 53% so far in 2025, investors are now questioning whether the rally in the precious metal is losing steam–and if it’s time to book profits or stay invested.Market experts believe gold should be viewed not as a trading bet but as a hedge against global…
US stocks held close to record levels on Wednesday as investors awaited the Federal Reserve’s interest rate decision, with gains in tech and industrial heavyweights helping sustain Wall Street’s momentum.The S&P 500 was up 0.3%, while the Dow Jones Industrial Average rose 193 points (0.4%) and the Nasdaq Composite gained 0.7% as of 9:35 am…
Dalal Street made notable gains last week, as the combined market capitalisation of seven of the country’s ten most valued companies surged by Rs 1,55,710.74 crore in a holiday-shortened trading week.The BSE Sensex advanced 259.69 points, or 0.30%, last week, with the benchmark hitting a 52-week high of 85,290.06 on Thursday.Reliance Industries and Tata Consultancy…
File photo (Picture credit: AP) Wall Street opened on a mixed note on Tuesday as investors assessed a wave of strong corporate earnings amid concerns about stretched valuations. The Dow Jones Industrial Average rose 0.1 per cent to 46,757.20, while the S&P 500 slipped 0.1 per cent to 6,731.14 and the Nasdaq Composite declined 0.3…
