Wed, Feb 14, 2024 9:00 AM
India stock market could open weak today on global and domestic cues
A Flip by Shubhangi Gupta
Tata Steel's shares will be in focus after reporting a consolidated net profit of Rs 759 crore for Q2FY25, a significant swing from a net loss of Rs 6,511 crore in the same period last year, driven by increased demand and lower input costs, with brokerages JP Morgan and Morgan Stanley maintaining their overweight and equal-weight ratings, respectively.
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Stocks on Wall Street hit all-time highs, bond yields jumped and the dollar was set for its best day since 2020, with investors mapping out Donald Trump's return to the White House and what his policies will mean for markets. The S&P 500 climbed 2%, heading toward its 48th record this year, on bets the newly elected president will enact pro-growth policies.
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Nasdaq-listed SaaS firm Freshworks reported a 22 percent growth in revenue to $186 million in its third-quarter financials on November 7 on the back of strong sales in the mid-market and enterprise sectors, as well as a rise in demand for its AI-enabled solutions. The firm also credited cost-cutting measures as a contributing factor to its improved performance.
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