US stocks rose as Dow hit an intraday record and S&P 500 extended its winning streak to eight weeks, supported by strong earnings and hopes of easing Middle East tensions. Tech stocks gained after Lenovo results lifted Dell and HP. Bond yields eased while Kevin Warsh was sworn in as Fed chair.
US consumer sentiment fell to a record low in May as rising gasoline prices driven by the Iran war intensified cost-of-living pressures. Inflation expectations climbed sharply, especially among Republicans and independents, signalling growing economic dissatisfaction and posing risks to spending despite a still-resilient labour market and ongoing stock market gains.
New US Federal Reserve chair Kevin Warsh vowed to be "reform-oriented" as he was sworn in at the White House on Friday, with President Donald Trump insisting the central bank chief would be "totally independent." It is unusual for the chief of the Fed -- an independent non-partisan body that sets monetary policy according to a dual mandate on inflation and employment -- to be sworn in at the White House.
DP Abhushan Ltd reported an impressive 88% surge in annual profit for FY26, reaching Rs 211.84 crore, driven by strong store demand and network expansion. Revenue grew 23% to Rs 4,070.33 crore, with EBITDA margins improving significantly. The company also expanded its showroom network to 12 outlets and implemented hedging strategies to manage gold price volatility.
The Dow Jones Industrial Average reached a new intraday record high on Friday. This milestone follows optimism over potential peace talks to end the U.S.-Iran war. AI-driven trading also contributed to market recovery. Earlier this week, the index crossed the 50,000-point mark. Strong first-quarter earnings have boosted investor confidence despite global uncertainties.
However, its sales were up 9 per cent to Rs 1,582.77 crore in the March quarter of FY26. It was at Rs 1,452.02 crore in the corresponding period a year ago.
Paytm, Ashok Leyland, and CG Power were added to the BSE 100, replacing Ambuja Cements, Tube Investments, and Colgate-Palmolive, effective today. TVS Motor entered the BSE Sensex 50, dislodging Adani Enterprises.
An unfolding boom in artificial intelligence technology is reshaping the economy in ways Fed officials say could be profound for workers, companies and consumers, but will be hard for Warsh and his colleagues to assess in real time. At the same moment inflation is already high and potentially heading higher as the economy
After a lull following the 2023 regional banking crisis, U.S. bank IPOs have mounted a strong comeback over the past year as investors look beyond earlier headwinds.
The two-wheeler company posted a total revenue growth of 16% to Rs 6,080 crore in Q4FY26 versus Rs 5,241 crore posted by the company in the corresponding quarter of the previous financial year.
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