Indian markets rose on optimism from the India-EU free trade agreement and supportive global cues. Sensex and Nifty extended gains, led by metals, financials, and energy sectors, while broader market participation reflected strong investor confidence.
Cochin Shipyard reported an 18% YoY decline in Q3 net profit, while revenue rose 18%. Sequential profit and revenue growth, an interim dividend, and global expansion through a JV and acquisition highlight strategic initiatives.
CSB Bank reported flat Q3 profit as higher provisions and sharp slippages offset strong loan and deposit growth. Shares fell sharply amid earnings disappointment and whistleblower allegations, even as management expressed confidence over asset quality and margin stability.
The S&P 500 opened at 7,000 mark on Wednesday, while the Nasdaq inched towards a record high, fueled by a gain in chip stocks and as investors geared up for a Federal Reserve rate decision as well as a slew of Big Tech earnings.
The S&P 500 breached the 7,000-point mark for the first time on Wednesday, driven by unrelenting optimism over artificial intelligence and expectations of strong Big Tech earnings as well as monetary policy easing.
eClerx Services approved a 1:1 bonus share issue alongside robust Q3FY26 results. Net profit rose 40% year-on-year, while revenue grew strongly, supported by steady execution, higher USD revenues, and resilient operating performance despite marginal margin compression.
A key tool used by the U.S. central bank to stabilise global financial markets in times of crisis could be weaponised by the Trump administration, Kenneth Rogoff, a former IMF chief economist said, when asked if that was a possibility.
Satin Creditcare Network posted a fivefold rise in Q3 net profit, driven by lower provisions, strong business growth, and disciplined lending, marking 18 consecutive profitable quarters despite sectoral challenges.
Lodha Developers reported robust Q3 results with net profit rising slightly and revenue up 14% year-on-year. Record pre-sales, expansion into new projects, and strategic balance sheet management strengthened growth and market presence.
The Federal Reserve is anticipated to maintain current interest rates. This pause is expected to continue beyond upcoming meetings. Policymakers hold differing views on future rate cuts. Strong economic data suggests no immediate need for aggressive reductions. President Trump has urged for lower rates, but the Fed faces a divided outlook.
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