Indian stock market: Shares of India’s two leading food delivery aggregators—Zomato and Swiggy—have witnessed a sharp decline from their recent peaks, slipping to multi-month lows. The downturn comes amid a broader correction in domestic equity markets, with investors growing increasingly cautious about risky assets, and new-age tech stocks being no exception. Valuation concerns have also … Read more
Indian stock market: The pain in Indian technology stocks is deepening with each passing day as signs of a slowing U.S. economy—where Indian tech giants have significant revenue exposure—are unsettling investor sentiment, leading to a severe sell-off on Dalal Street. Additionally, diminishing expectations of multiple U.S. Fed rate cuts in 2025, coupled with global tech … Read more
Indian households are expected to continue investing in gold despite the boom in equity as an asset class as they consider the precious metal to be a store of value, according to a research report by brokerage firm Kotak Institutional Equities. “Indian households will likely continue to see gold as a store of value, despite … Read more
Indian stock market is witnessing a sharp reversal in 2025, with a wave of selling pressure rattling investor confidence, sending stocks to trade at multi-month lows. The world’s fifth-largest market, which once soared with no apparent upside limit, is now facing a stark contrast, struggling to find a floor to halt the sell-off. The markets … Read more
Domestic rating agency firm ICRA expects the revenue growth of the Indian auto component industry (represented by a sample of 46 auto ancillaries with aggregate annual revenues of over ₹3,00,000 crore in FY2024, accounting for close to 50% of the industry) to ease to 7-9% in FY2025 and 8-10% in FY2026, from the highs of … Read more
Indian auto stocks came under significant selling pressure in today’s trading session, February 21, with the Nifty Auto index dropping 2.9% to touch a 10-month low of 21,435. Fourteen out of 15 constituents of the index traded in the red, with M&M emerging as the biggest laggard, dropping 6%, followed by TVS Motor Company, Samvardhana … Read more