Infosys has declared an interim dividend of Rs 26 per equity share for its shareholders. The record date for this dividend is set for November 3, with payment scheduled for November 11. This announcement follows a final dividend of Rs 25 per share declared in June.
European corporate earnings growth is forecast to reach 21.9% in the third quarter, driven by soaring energy profits amid US-Iran war volatility. However, inflation risks, elevated oil prices and rising borrowing costs threaten investor confidence and market stability.
Public opposition to US data centers and the November midterm elections could reshape AI infrastructure investment. Increased regulatory scrutiny, rising electricity costs and construction delays may pressure technology stocks, utilities and power infrastructure companies, despite continued strong AI spending.
Eurozone government bonds stabilised after a volatile week as investors balanced sovereign debt concerns against safe-haven demand amid uncertainty over AI investments and global growth. French borrowing costs remain under pressure ahead of key central bank policy decisions.
The Indian rupee experienced a decline for the second day in a row as rising oil prices dampened market confidence. Following a brief uptick at the start of trading, the rupee ended lower against the US dollar. Brent crude prices have surged to a five-month peak, raising worries about energy supply interruptions. This led to a pullback from technology stocks as investors flocked towards safer investments like US Treasuries.
JSW Steel Q2 Results: The metal major’s revenue from operations increased nearly 21% YoY to Rs 54,486 crore during the quarter under review, from Rs 45,152 crore reported in the same period last year.
Bank Indonesia has defended its latest policy package combining an unchanged benchmark rate, a higher deposit facility rate and reserve requirement cuts. The central bank says the measures aim to improve monetary policy transmission, boost banking liquidity and support credit growth.
Anthropic is preparing for a potential mid-November IPO despite market volatility, rising interest rates and concerns over AI spending. With a possible $1.5 trillion valuation, its listing could test investor appetite as several AI infrastructure companies postpone or shelve offerings.
MCX silver prices fell below Rs 2 lakh per kg after a sharp two-day decline, as a stronger dollar, elevated bond yields and hawkish US Federal Reserve expectations weighed on sentiment. Fresh import permits and industrial demand remain key factors for the outlook.
The market capitalisation of BSE-listed companies fell below Rs 450 lakh crore for the first time since April as Sensex and Nifty extended losses for a fourth straight session. Nearly Rs 25 lakh crore has been wiped out this week, with soaring crude prices and rising bond yields weighing on sentiment.
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