Thomas Barkin, a representative of the Federal Reserve, remarked that the Fed's approach to adjusting interest rates will hinge on how effectively businesses and consumers navigate the prevailing economic hurdles. He pointed out that the Fed is actively collecting data on employment figures and inflation rates.
Paytm's existing investors are expected to sell shares in a block deal. The transaction will involve approximately 8.6 million shares. The floor price is set at Rs 1,120.65 per share. This stake sale is anticipated to be worth $100 million. Citi is reportedly managing the placement. This comes after a strong recovery in Paytm's stock.
Nifty ended marginally lower as IT and FMCG weakness offset gains in autos, metals and realty. Analysts flagged resistance near key moving averages and bearish momentum. Markets remain rangebound, with crucial support near 23,400 and resistance around 23,800–23,900 levels.
GAIL reported a Q4 consolidated PAT of Rs 1,485 crore, down 15% sequentially. The company declared a Rs 0.5 dividend. For FY26, consolidated PAT fell sharply by 39% to Rs 7,582 crore, mainly due to global energy headwinds, despite resilient operational volumes.
SpaceX's blockbuster IPO filing included some out of this world details, including a provision that founder Elon Musk's massive bonus only kicks in if one million humans settle on Mars. Musk's bonus is contingent on SpaceX's stock market value hitting targets ranging from $400 billion to $6 trillion -- along with the company moving a million people to a planet 140 million miles (225 million kilometers) away.
The Nifty faces continued weakness, resisting 20EMA, with key support at 23,400. Experts recommend two stocks to buy on dips for near-term gains: MTAR Tech (Target Rs 8,650, 12% upside) and Angel One (Target Rs 370, 9% upside). Both show strong bullish technical breakouts.
LG Electronics India reported a net profit of Rs 693 crore for the March quarter, an 8% year-on-year increase, with revenue rising to Rs 8,054 crore. The company achieved its highest-ever quarterly performance with an 11.7% EBITDA margin, driven by strong demand recovery and premiumization across product categories.
The revenue growth was led by sales in Asia, the company said, with particular strength in China during the Lunar New Year. Wall Street investors are focused on how luxury brands are performing in the Chinese market, where consumers have shown signs of strain in recent months and luxury spending has recently faltered.
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