Wed, Sep 30, 2020 8:59 AM
General Atlantic to invest Rs 3675 crore for 0.84% stake in Reliance Retail
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📌Trends in the GIFT Nifty indicate a positive start for the broader index in India. 📌Wall Street stocks closed lower on Thursday. 📌Asian markets were mixed on Friday. 📌Tech Mahindra reported a 40.9% fall in net profit to Rs 661 crores Y/Y. 📌Oil prices rose in early trade on Friday. 📌FIIs net sold Rs 2,823.33 crore shares. 📌The NSE has added Vodafone Idea to the F&O ban list for April 26.
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Microsoft Corp. announced on April 25 that its third-quarter revenue soared to $61.9 billion, marking a 17% increase, and profits reached $2.94 per share, exceeding the average analyst estimates of $2.83 on sales of $60.9 billion as of March 31. The results, driven by robust corporate demand for its cloud and AI offerings, sparked a late trading surge in shares, as per Bloomberg.
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Global markets are bracing for potential turbulence as rising US Treasury yields signal economic headwinds amidst mixed data releases. The near 400-point fall in the Dow Jones Industrial Average last night underscored investor nervousness, with concerns mounting over a perfect storm scenario of slower GDP growth and escalating inflationary pressures.
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