US Stock Reports, Quotes and News
Investors are closely monitoring India\’s elections, with low voter turnout and betting market predictions fueling uncertainty. Sensex is down over 1,700 points this month. Analysts assess potential market reactions to different election outcomes, from outright BJP victory to coalition scenarios.
“Markets are playing blind man\’s bluff and they are just selling off first and then asking questions, says Ajay Bagga. Do not try to time this market. We do not know where it will go and how far? Both are very strong missile-based powers and this could increase in scope very fast. So, it is very difficult to price this.”
Infosys Share Price: Infosys shares fall 3% after revenue decline. EBIT margin declines to 20.1%. FY25 revenue growth guidance impacted by discretionary spending weakness. Brokerages cut target prices. Analysts remain optimistic about Infosys\’ growth potential in the future.
Angel One\’s shares surged by up to 5.5% to Rs 3099 as it reported a 27% YoY increase in consolidated net profit to Rs 340 crore for the quarter ended March 2024.
India and Mauritius have agreed to a protocol to alter a double taxation avoidance agreement (DTAA) stating that tax relief cannot be for the indirect benefit of residents of another country. As a result, all FPIs will have to examine whether they have enough commercial rationale to be based in Mauritius when the tax scrutiny happens.