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Yahoo
a day ago
- Business
- Yahoo
Morgan Stanley makes bold S&P 500 projection as U.S. dollar weakens
Morgan Stanley makes bold S&P 500 projection as U.S. dollar weakens originally appeared on TheStreet. Good morning. The market is finally open and the small cap-centric Russell 2000 is leading U.S. indexes this morning, up 0.40%. For the moment, it's trailed by the Nasdaq Composite (+0.34%), the S&P 500 (+0.13%), and the Dow 30 (-0.08%). Morgan Stanley, Oppenheimer Hike S&P 500 Targets On Monday morning, analysts at Morgan Stanley and Oppenheimer are out with new price targets for the S&P 500, both pointing to strong corporate earnings — as well as trade deals, a strong U.S. economy and macro factors — as reasons to be bullish. Oppenheimer raised their year-end target for the index from to 7,100 (from 5,950 in April), which would be roughly an 11% gain from current prices. Morgan Stanley is banking on the S&P 500 to hit 7,200 by mid-2026, which would be a 12% increase over the next 12 months or so. Oppenheimer says that 84% of S&P 500 firms beating their estimates during Q4 and Q1. Per FactSet, 34% of the S&P 500 have reported Q2 earnings, with 80% of companies posting earnings and revenue surprises. Morgan Stanley adds that AI adoption, a weaker dollar and Fed rate cuts will also help move the index along. Stock Market Today U.S. equities are little-moved on Monday morning after a busy week of trade talks. The U.S. and European Union clinched a long-anticipated tariff deal, while the U.S. and China agreed to extend a tariff pause for another 90 days, allowing more time for negotiations. We turn our attention this morning to what is bound to be a blockbuster week for earnings and data. S&P 500 Seeks a Sixth Consecutive Record Last Friday, the S&P 500 did something it had only done 57 times before by notching its fifth-consecutive record close. Whether it can score a sixth-consecutive record this week, and continue its upward lurch, might come down to data and earnings — and there will be no shortage of them this week. Earnings and Data Today Our very own Charley Blaine wrote at length about the big reports coming up this week in "It's a Lollapalooza Week Ahead for Markets," highlighting some of the 873 earnings reports on deck this week, including reports from several of America's most-valuable firms. As the start and end of the week tend to be, today will be light, as we seek a number of after market reports from Welltower () , Waste Management () and others: Aside from reports today, we'll also be looking out for the Dallas Fed's Manufacturing Index print this morning. The report could illuminate the state of affairs in U.S. manufacturing. The print is anticipated to be negative, implying continued contraction; it would be the sixth consecutive month decline. America's Even Larger Largest Railroad? It turns out, the tariff talks weren't the only deals that made inroads railroads this weekend. During its Thursday earnings report, America's largest railroad confirmed rumors that it was in merger talks with competitor Norfolk Southern, while drawing some caution. But per Bloomberg, the two companies are reportedly close to reaching an agreement, creating a coast-to-coast rail giant worth over $200 billion. Their chart tells the story from last week; it'll be one to watch this week as the companies converge on terms. Even more so with Norfolk Southern set to report its earnings on Jul. 29. Morgan Stanley makes bold S&P 500 projection as U.S. dollar weakens first appeared on TheStreet on Jul 28, 2025 This story was originally reported by TheStreet on Jul 28, 2025, where it first appeared. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data


Economic Times
3 days ago
- Business
- Economic Times
Fed meet, Q1 earnings and Trump tariffs among 10 factors to impact stock markets this week
Live Events 1. FOMC meeting 2. Tariff deadline ends 3. US markets 4. Q1 earnings 5. Corporate Action 6. IPO watch 7. FII / DII Action 8. Technical Factors 9. Rupee Vs Dollar 10. Crude Oil (You can now subscribe to our (You can now subscribe to our ETMarkets WhatsApp channel Indian benchmark indices ended the week lackluster, with Nifty finishing the week 0.5% lower. A host of important domestic and global events lined up during the week are likely to impact stock markets when they resume trading on Friday, Nifty declined 225.10 points or 0.9% to end the day at 24, on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that the Nifty remained under sustained selling pressure as the index slipped below the crucial support level of 24,900. Moreover, it has closed below the 50-day Exponential Moving Average (50 EMA) for the first time in several sessions, signaling a meaningful weakening of the ongoing trend, he added.'If the Nifty fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000," De that are likely to impact movement when markets reopen this week:An all-important Federal Open Market Committee Meeting (FOMC) begins this week on Tuesday, July 29. Fed Chair Jerome Powell will give an insight of the Central Bank's view on the US economy, inflation and impact of tariffs. The outcome will be announced on July 30 and the interest rate is likely to remain markets will watch out for the developments on tariff as the August 1 pause deadline gets over this action on Wall Street will give cues to the global markets including India. Apart from the Fed rate setting panel's meeting and tariffs, top US companies like meta will announce their second quarter Friday, the US stock markets ended in the green. The Dow 30 ended the session at 44,901.90, gaining 208.01 points or 0.47% while S&P 500 settled at 6,388.64, up by 25.29 points or 0.40%. The Nasdaq Composite closed at 21,108.30, increasing by 50.36 points 0.24%.Adani Green Energy Ltd, Adani Total Gas, Bharat Electronics, CarTrade Tech, Mazagon Dock Shipbuilders, NTPC Green Energy, RailTel Corporation of India, , Hyundai Motor India, InterGlobe Aviation, Dabur India, One Mobikwik Systems, Swiggy, TVS Motor Company, Adani Power and Tata Power the Nifty companies will be Bharat Electronics (BEL), Indusind Bank, Larsen & Toubro, Tata Steel, NTPC, Coal India, Eicher Motors, Hindustan Unilever (HUL), Mahindra & Mahindra (M&M), Maruti Suzuki India, Titan Intech and Saturday, results of Kotak Mahindra Bank and IDFC Bank were also announced and stock of these companies will also be in of corporate action is lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading companies that will have record dates for the purpose of dividend are DLF, KPIT Technologies, Wipro, Bosch, Eveready Industries India, Inox Wind, Punjab & Sind Bank, Coforge, Prataap Snacks, Bata India, City Union Bank, Eicher Motors, Marico, Maruti Suzuki India, REC and United Engineering has a record date for its stock split and 2:1 bonus issue. Indian Infotech & Software will have its record date on July 28 Jul for its rights issue of equity shares. Jonjua Overseas will also have its record date on the same day for its 1:20 bonus mainboard issues will open for subscription this week viz. Sri Lotus Developers and Realty IPO, National Securities Depository (NSDL) IPO, M&B Engineering (IPO), Aditya Infotech (IPO), and Laxmi India Finance (IPO).Also Read: Sri Lotus Developers IPO's latest GMP shows stock listing at 21% premium. Check details In the SME segment, 8 IPOs will hit the D-Street this week viz. Repono, Kaytex Fabrics, (Pune), Mehul Colours, Takyon Networks, Cash Ur Drive Marketing, Renol Polychem and Flysbs issues of Shanti Gold International Limited, Brigade Hotel Ventures Limited and Sellowrap Industries Limited will also conclude this actions will rely on how foreign institutional investors (FIIs) behave. On Friday, FIIs sold shares worth Rs 1,979.96 crore while the domestic institutional investors (DIIs) were net buyers at Rs 2,138.59 remaining net buyers for the last three months, FIIs have been net sellers so far in July at Rs 6,503 crore."The chart structure has clearly deteriorated for the bulls. On the daily chart, Nifty had been trading within a rising channel pattern since May. However, this week's breakdown below the channel's lower boundary confirms a bearish reversal. Importantly, this breakdown is accompanied by a bearish gap, which qualifies as a breakaway gap, adding further conviction to the bearish setup," Bhosale the index has broken below the 50-day EMA, a level that had previously provided strong support. Collectively, these signals suggest the potential for deeper downside, possibly towards the 200-day SMA, which lies in the 24200–24000 zone. For the coming week, immediate support is placed near the 89-day EMA at 24650, followed by the 24500 level, which has acted as a strong base during the May–June consolidation phase. On the upside, the bearish gap and the 50DEMA zone around 24950–25000 now act as immediate resistance, while the 25250 level, the high of the last two weeks, remains a stiff barrier," this analyst Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week dominated by tariffs and central bank decisions. The rupee closed at 86.5150 against the U.S. dollar on Friday, down 0.4% on the week. The local currency hit a low of 86.6250 earlier in the session, its weakest level since June sales from local private banks, likely on behalf of exporter clients, helped limit the rupee's losses, a trader at a Mumbai-based bank dollar index was up 0.2% at 97.7 while Asian currencies declined by as much as 0.7%.Rupee's movement against the dollar will likely be keenly watched through the week as the greenback would react to the Fed announcements and tariff oil prices remain critical for the stock markets as they have the potential to alter the inflation dynamics in a country. Oil prices fell sharply on Friday at a three-week low as traders were worried about negative economic news from the U.S. and China and signs of growing US WTI oil contracts ended at $65.07, down by $0.96 or 1.45% while Brent oil futures were hovering near $68.44, higher by $0.79 or 1.14%.(Inputs from agencies)(Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)


Time of India
3 days ago
- Business
- Time of India
Fed meet, Q1 earnings and Trump tariffs among 10 factors to impact stock markets this week
Indian benchmark indices ended the week lackluster, with Nifty finishing the week 0.5% lower. A host of important domestic and global events lined up during the week are likely to impact stock markets when they resume trading on Monday. On Friday, Nifty declined 225.10 points or 0.9% to end the day at 24,837. Explore courses from Top Institutes in Please select course: Select a Course Category Design Thinking Technology Leadership MBA PGDM CXO Healthcare Others Digital Marketing MCA healthcare Data Science Management Project Management Degree Operations Management Finance Data Analytics Data Science Public Policy Artificial Intelligence Product Management Cybersecurity others Skills you'll gain: Duration: 22 Weeks IIM Indore CERT-IIMI DTAI Async India Starts on undefined Get Details Skills you'll gain: Duration: 25 Weeks IIM Kozhikode CERT-IIMK PCP DTIM Async India Starts on undefined Get Details Commenting on the day's action, Rupak De, Senior Technical Analyst at LKP Securities, said that the Nifty remained under sustained selling pressure as the index slipped below the crucial support level of 24,900. Moreover, it has closed below the 50-day Exponential Moving Average (50 EMA) for the first time in several sessions, signaling a meaningful weakening of the ongoing trend, he added. 'If the Nifty fails to reclaim levels above 24,900 in the next session or two, bulls could face significant short-term challenges. On the downside, immediate support is seen at 24,700, followed by 24,500. On the upside, resistance is now placed around 25,000," De said. Factors that are likely to impact movement when markets reopen this week: 1. FOMC meeting An all-important Federal Open Market Committee Meeting (FOMC) begins this week on Tuesday, July 29. Fed Chair Jerome Powell will give an insight of the Central Bank's view on the US economy, inflation and impact of tariffs. The outcome will be announced on July 30 and the interest rate is likely to remain unchanged. 2. Tariff deadline ends Global markets will watch out for the developments on tariff as the August 1 pause deadline gets over this week. 3. US markets The action on Wall Street will give cues to the global markets including India. Apart from the Fed rate setting panel's meeting and tariffs, top US companies like meta will announce their second quarter earnings. On Friday, the US stock markets ended in the green. The Dow 30 ended the session at 44,901.90, gaining 208.01 points or 0.47% while S&P 500 settled at 6,388.64, up by 25.29 points or 0.40%. The Nasdaq Composite closed at 21,108.30, increasing by 50.36 points 0.24%. 4. Q1 earnings Adani Green Energy Ltd, Adani Total Gas, Bharat Electronics, CarTrade Tech, Mazagon Dock Shipbuilders, NTPC Green Energy, RailTel Corporation of India, , Hyundai Motor India, InterGlobe Aviation, Dabur India, One Mobikwik Systems, Swiggy, TVS Motor Company, Adani Power and Tata Power Company. Among the Nifty companies will be Bharat Electronics (BEL), Indusind Bank, Larsen & Toubro, Tata Steel, NTPC, Coal India, Eicher Motors, Hindustan Unilever (HUL), Mahindra & Mahindra (M&M), Maruti Suzuki India, Titan Intech and ITC. On Saturday, results of Kotak Mahindra Bank and IDFC Bank were also announced and stock of these companies will also be in focus. 5. Corporate Action Plenty of corporate action is lined-up this week with record dates for dividends, rights issue, stock split and bonus shares for more than 100 companies over the five-day trading week. The companies that will have record dates for the purpose of dividend are DLF, KPIT Technologies, Wipro, Bosch, Eveready Industries India, Inox Wind, Punjab & Sind Bank, Coforge, Prataap Snacks, Bata India, City Union Bank, Eicher Motors, Marico, Maruti Suzuki India, REC and United Spirits. GTV Engineering has a record date for its stock split and 2:1 bonus issue. Indian Infotech & Software will have its record date on July 28 Jul for its rights issue of equity shares. Jonjua Overseas will also have its record date on the same day for its 1:20 bonus issue. 6. IPO watch Five mainboard issues will open for subscription this week viz. Sri Lotus Developers and Realty IPO, National Securities Depository (NSDL) IPO, M&B Engineering (IPO), Aditya Infotech (IPO), and Laxmi India Finance (IPO). Also Read: Sri Lotus Developers IPO's latest GMP shows stock listing at 21% premium. Check details In the SME segment, 8 IPOs will hit the D-Street this week viz. Repono, Kaytex Fabrics, (Pune), Mehul Colours, Takyon Networks, Cash Ur Drive Marketing, Renol Polychem and Flysbs Aviation. Ongoing issues of Shanti Gold International Limited, Brigade Hotel Ventures Limited and Sellowrap Industries Limited will also conclude this week. 7. FII / DII Action Market actions will rely on how foreign institutional investors (FIIs) behave. On Friday, FIIs sold shares worth Rs 1,979.96 crore while the domestic institutional investors (DIIs) were net buyers at Rs 2,138.59 crore. After remaining net buyers for the last three months, FIIs have been net sellers so far in July at Rs 6,503 crore. 8. Technical Factors "The chart structure has clearly deteriorated for the bulls. On the daily chart, Nifty had been trading within a rising channel pattern since May. However, this week's breakdown below the channel's lower boundary confirms a bearish reversal. Importantly, this breakdown is accompanied by a bearish gap, which qualifies as a breakaway gap, adding further conviction to the bearish setup," Bhosale said. Additionally, the index has broken below the 50-day EMA, a level that had previously provided strong support. Collectively, these signals suggest the potential for deeper downside, possibly towards the 200-day SMA, which lies in the 24200–24000 zone. For the coming week, immediate support is placed near the 89-day EMA at 24650, followed by the 24500 level, which has acted as a strong base during the May–June consolidation phase. On the upside, the bearish gap and the 50DEMA zone around 24950–25000 now act as immediate resistance, while the 25250 level, the high of the last two weeks, remains a stiff barrier," this analyst said. 9. Rupee Vs Dollar The Indian rupee fell to a one-month low on Friday, and logged its third straight weekly decline, pressured by outflows from local stocks and caution among investors ahead of a news-heavy week dominated by tariffs and central bank decisions. The rupee closed at 86.5150 against the U.S. dollar on Friday, down 0.4% on the week. The local currency hit a low of 86.6250 earlier in the session, its weakest level since June 23. Dollar sales from local private banks, likely on behalf of exporter clients, helped limit the rupee's losses, a trader at a Mumbai-based bank said. The dollar index was up 0.2% at 97.7 while Asian currencies declined by as much as 0.7%. Rupee's movement against the dollar will likely be keenly watched through the week as the greenback would react to the Fed announcements and tariff triggers. 10. Crude Oil Crude oil prices remain critical for the stock markets as they have the potential to alter the inflation dynamics in a country. Oil prices fell sharply on Friday at a three-week low as traders were worried about negative economic news from the U.S. and China and signs of growing supply. The US WTI oil contracts ended at $65.07, down by $0.96 or 1.45% while Brent oil futures were hovering near $68.44, higher by $0.79 or 1.14%. (Inputs from agencies)


Time of India
6 days ago
- Business
- Time of India
Infosys ADRs rise 3% after IT services company reports 9% YoY increase in Q1 PAT
American Depository Receipts (ADRs) of Infosys climbed over 3% on Wednesday following company's Q1FY25 earnings where the IT services company reported a 9% year-on-year (YoY) growth in its consolidated net profit at Rs 6,921 crore for the first quarter ended June. Revenue from operations rose 8% YoY to Rs 42,279 crore. The Bengaluru-based company has upped its lower end of revenue growth guidance, which is pegged at 1-3% in constant currency for FY26. Explore courses from Top Institutes in Please select course: Select a Course Category healthcare Technology Design Thinking Product Management Operations Management CXO Leadership Project Management Data Science Data Science MBA Digital Marketing MCA Artificial Intelligence Healthcare PGDM Others Cybersecurity Finance Degree others Data Analytics Management Public Policy Skills you'll gain: Duration: 11 Months IIM Lucknow CERT-IIML Healthcare Management India Starts on undefined Get Details Its results were announced after India market hours and Infosys shares settled at Rs 1,558.90 on the NSE, falling by Rs 12 or 0.76% over the Tuesday closing price even as the headline index Nifty closed with strong gains. "Our performance in Q1 demonstrates the strength of our enterprise AI capabilities, the success in client consolidation decisions, and the dedication of our over 300,000 employees," said Salil Parekh, CEO and MD, Infosys. Revenues in constant currency (CC) terms grew by 3.8% YoY and by 2.6% QoQ in the first quarter. The company had won deals worth $3.8 billion in the said period, of which 55% were net new. Live Events Gross profit for the reporting period increased to Rs 13,055 crore as against Rs 12,138 crore in the same period of last year. Operating margin for the April-June quarter stood at 20.8%, which is a decline of 0.3% YoY and decline 0.2% QoQ. The company expects the same to hover around 20-22% for the rest of FY26. Segment wise, the dominant financial services clocked a CC growth of 5.6% YoY, while the manufacturing division rose by a healthy 12.2%. The retail growth was flat at 0.4%, and that of hi-tech business increased by a marginal 1.7%. The Life Sciences and other divisions de-grew 7.9% and 15.3% in CC terms, respectively. Meanwhile, major Wall Street indices were trading mixed today with Dow 30 trading at 44,703.90 around 10:40 AM ET (8 pm India time), up 201.43 points 0.45%, the S&P 500 index hovered near 6,323, gaining by 13.61 or 0.22%. The Nasdaq Composite index was trading at 20,889.20, declining marginally.

Economic Times
22-06-2025
- Business
- Economic Times
Israel-Iran war, HDB Financial IPO among 9 factors that can move D-Street this week
Indian benchmark indices ended with weekly gains of 1.6% ending their three-sessions losing streak, thanks to the Friday surge. A host of important domestic and global events lined-up during the week are likely to impact stock markets when they resume trading on Monday. ADVERTISEMENT On Friday, Nifty jumped 319.15 points or 1.3% to end the day at 25,112.40. Commenting on the action, Devarsh Vakil - Head of Prime Research at HDFC Securities said that Nifty finally witnessed an excellent breakout by closing above 25,000 levels. While the short term trend remains positive, immediate resistance is now placed at 25,222 levels while the support has shifted upwards at 24,900 levels, Vakil said. Factors that are likely to impact movement when markets reopen this week:Israel's war on Iran has entered its second week with US striking Iranian nuclear sites and directly joining Israel 's war. The targeted locations reportedly include the highly fortified Fordow, Natanz, and Esfahan nuclear facilities. Meanwhile, Iran has vowed retaliation and the United States has begun evacuation flights from Israel. U.S. stocks ended lackluster on Friday notwithstanding better-than-expected Accenture revenue estimates for the third quarter. But the Israel-Iran conflict weighed on Wall Street as investors remained cautious over the developments regarding the Israel-Iran conflict. ADVERTISEMENT Indian markets will also take cues from Wall Street which ended with sharp gains on Friday. Dow 30 closed at 42,206.80, rising by 35.16 points or 0.08% while the S&P 500 finished 13.03 points or 0.22% lower at 5,967.84. Nasdaq Composite closed at 19,447.40, down 98.86 points or 0.51%. The anticipation for an action-packed week for the primary market is getting stronger with 13 IPOs on the anvil. They are expected to collectively raise nearly Rs 16,000 crore. In this, five mainboard IPOs will be launched with HDFC Bank's NBFC subsidiary HDB Financial Services IPO hitting the D-Street. In the SME segment eight companies will vie for investor attention and not to mention numerous listings. ADVERTISEMENT Read More: IPO Tsunami: HDB Financial Services, 12 others to raise up to Rs 16,000 crore next weekThe BSE Sensex is set for a reshuffle next week, with Tata Group's Trent and Bharat Electronics (BEL) entering the benchmark 30-share index, replacing Nestle India and IndusInd Bank. The changes, announced earlier, will take effect from Monday, June 23, while passive fund flows linked to the rejig are expected on June 20. ADVERTISEMENT IndusInd Bank, which has faced scrutiny over governance concerns in recent months, will also be excluded. The lender may see outflows of $145 million, equivalent to about 1.9 times its ADV. Plenty of corporate action is lined-up this week with record dates for dividends, stock splits, rights issue and bonus shares over the five-day trading week. Nearly four dozen companies will see the action unfold. ADVERTISEMENT Among the widely tracked stocks that will be in focus will be HDFC Bank, Vedanta, Hindustan Unilever (HUL), Polycab, Samvardhana Motherson International, Automobile Corporation of Goa, Bajaj Finserv, Bajaj Holdings & Investment and Cipla. Read Full Story: Corporate actions next week: Record dates for HDFC Bank, HUL, Vedanta dividend. Check bonus issue, stock split details Market actions will rely on how foreign institutional investors (FIIs) behave. On Friday, FIIs bought shares worth Rs 7,940.70 crore while the domestic institutional investors (DIIs) were net sellers at Rs 3,049.88 remaining net buyers in April and May, FIIs so far have been net sellers of Indian equities in June at Rs 4,192 crore. Also Read: FIIs buy stocks worth Rs 8,710 crore this week, narrow June sell-off to Rs 4,192 crore Nifty formed a sizable bull candle with a higher high and higher low signaling resumption of up move after recent corrective consolidation and the index in the process closed firmly above the 25,000 levels signalling strength, a note by Bajaj Broking said. It anticipates the index to retest the upper boundary of the recent five-week consolidation zone, currently pegged near the 25,200 mark. 'A decisive breakout above this resistance band could open the door for an upward extension towards the 25,500 zone in the near term. As long as the index sustains above the prior week's swing low of 24,700, the near-term bias is expected to remain constructive. Key short-term support is placed at 24,500–24,400 zone being the confluence of the 50-day EMA and the lower band of the last five weeks consolidation range,' the brokerage Indian rupee modestly strengthened Friday, its first advance in six days tracking inflows into domestic equities, to close at 86.58 per dollar. The rupee climbed 14 paise despite volatile oil prices and no immediate signs of a truce in the Israel-Iran strength in the rupee came after US President Donald Trump signalled to avoid any precipitate action on Iran. Rebalancing of the FTSE Russell index also led to some flows, traders said. The rupee traded between 86.54 and 86.67 to the dollar on oil prices remain critical for the stock markets as they have the potential to alter the inflation dynamics in a country. They have jumped nearly 10% over the past month and with the deepening crisis, the fears of price escalation are US WTI oil contracts ended at $74.04, up by $0.54 or 0.73% while Brent oil futures were hovering near $77.01, higher by $1.53 or 1.94%. (Disclaimer: Recommendations, suggestions, views and opinions given by the experts are their own. These do not represent the views of Economic Times)