Up to 33% monthly fall! Battered & bruised IT, auto, pharma stocks have a Trump hand
As the Nifty recorded its worst February month since the Covid, falling by 6%, heavyweight sectors IT, auto and pharma were hit by Trump led worries and the stocks in the three sectors plunged up to 33% during the month. While tech stocks’ decline rode on the fears of economic slowdown in the US, Tesla’s…
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Tesla shares slump 9% on disappointing Europe sales
Shares of the US electric vehicle pioneer Tesla slumped nine percent Tuesday, as investors digested disappointing European sales and chief executive Elon Musk’s aggressive foray into politics. The auto giant sold less than 10,000 units in Europe last month, down 45 percent from a year earlier. The fall in Tesla’s share price dragged its market…
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Sandip Sabharwal on Tesla’s India entry: M&M still a strong bet
Despite concerns over Tesla’s entry into the Indian market, analysts believe that leading domestic automakers like Mahindra & Mahindra remain well-positioned to thrive. Speaking in an interaction with ET Now, market expert Sandip Sabharwal of asksandipsabharwal.com dismissed fears surrounding Tesla’s impact on Indian companies, calling the recent sell-off in auto stocks exaggerated and irrational. Sabharwal…
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Limited downside? Nifty unlikely to touch 22,000: Geojit’s Anand James
Given the flattish range last week, Nifty’s downside may not extend all the way to 22,000, says Anand James, Chief Market Strategist, Geojit Financial Services. “We feel that an upswing attempt could unfold, once in the 22,550-22,300 region.” Edited excerpts from a chat: Nifty bears dashed hopes of a rebound in the week. How strong…
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Nissan shares jump 11% on reported plan to seek Tesla investment
Nissan shares surged 11 percent Friday after a report said a Japanese group including a former prime minister plans to ask US electric vehicle giant Tesla to invest in the automaker. The reported proposal follows the failure of Nissan’s merger talks with its rival Honda, seen as a bid to catch up with Tesla and…
READ MOREStock Market Today: Indexes Close Lower As Tech Stocks Fall
Indexes closed lower on Thursday, led by a slide in tech stocks like Apple. The Nasdaq slipped almost 1%, while the Dow and S&P 500 fell slightly. The losses come after strong gains on Wednesday after cool CPI and strong bank earnings. US stocks dipped Thursday, led by a slide in tech stocks like Apple…
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Nasdaq, S&P end higher as Tesla jumps, yields pull back
The Nasdaq and the S&P 500 gained on Thursday, driven by Tesla’s positive earnings forecast and a decline in Treasury yields from a three-month high, which buoyed market sentiment despite declines from some corporate results. Shares of Tesla soared 21.9%, with the EV-maker set to add more than $140 billion to its market capitalization, after…
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