Edelweiss Financial shares fell sharply after reporting a 17% YoY drop in Q4 net profit and weaker sequential performance. Despite pressure on earnings and revenue, the company showed steady growth in asset management and insurance segments. It also announced a dividend, while management flagged global uncertainties impacting the outlook.
United Arab Emirates has announced it will exit OPEC and OPEC+ effective May 1, delivering a fresh shock to an already strained global energy market. The move comes amid a Strait of Hormuz blockade and ongoing Iran conflict, heightening fears of severe oil supply disruptions from alliances that control nearly half of global output.
Tech giants, including Google-parent Alphabet, Amazon, Microsoft, and Meta, announced their quarterly earnings on Wednesday, with the Facebook and Instagram-parent appearing to fall behind in terms of AI boost.
Japan's Nikkei share average fell on Thursday as a surge in oil prices, driven by reports of possible U.S. military action to break the Iran stalemate, and mixed corporate earnings dampened investor appetite.
Australian shares ended at a four-week low on Thursday, extending losses to an eighth straight session as surging oil prices stoked inflation and growth worries, while top grocer Woolworths sank over 7% after warning rising costs would hit earnings.
Bajaj Finserv has unveiled compelling financial results for the quarter concluding March 31, 2026, showcasing its vigorous growth trajectory. With a 5% increase in net profit amounting to Rs 2,539 crore and a 6% boost in operational revenue to Rs 38,494 crore, the company's performance stands testimony to its resilience.
Despite a calm surface, Indian equity markets face mounting macroeconomic pressures from rising crude oil prices and a weakening rupee. Experts warn that current market behavior suggests complacency, with potential earnings cuts looming as underlying economic softness emerges. Analysts anticipate a downward revision of Nifty earnings estimates for FY27.
Adani Ports Q4 Results: The company reported a 10% increase in consolidated net profit to Rs 3,329 crore for the March-ended quarter, with revenue growing 26% year-on-year to Rs 10,737 crore. The company surpassed its FY26 guidance, handling over 500 MMT of port cargo and recommending a dividend of Rs 7.50 per equity share.
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