GOLDMAN SACHS EARNINGS REACTION
Pernod Ricard is said to begin IPO process for India unit
Pernod Ricard SA, the maker of Absolut vodka and Chivas Regal whisky, has begun work on a potential initial public offering of its Indian business, according to people familiar with the matter.
US Stock Market: Goldman sticks to oil forecast as demand weakness deepens
Goldman Sachs maintained its 2026 oil price forecasts despite shifting dynamics, as weaker global demand and easing supply disruptions offset key risks. While geopolitical tensions are receding, soft consumption trends and potential supply recovery are increasing downside risks, suggesting a cautious outlook for crude prices even as markets stabilise in the near term.
Even a Rs 15,000-crore buyback fails to cheer Wipro investors
Wipro's stock fell on Friday after its March-quarter earnings missed expectations, with a ₹15,000 crore buyback failing to boost sentiment. The IT major reported a 2% decline in consolidated net profit, and brokerages expressed caution due to weaker-than-expected performance and revenue headwinds. Analysts noted continued underperformance compared to peers, despite attractive valuations.
FIIs grow more wary of India as FX curbs hit bonds, earnings risks haunt equities
Foreign investors face higher costs and complexity hedging against rupee swings due to India's forex rules. This, coupled with war-related earnings concerns, is impacting Indian bonds and equities. Overseas investors have sold Indian government debt and shares. Lingering currency stability worries and high oil prices are dampening sentiment.
Wipro shares crack 4% after Q4, Rs 15,000-crore buyback. What Goldman Sachs, other brokerages are saying?
Wipro share price fell 4% after the company reported a 2% YoY decline in Q4 profit to ₹3,502 crore, despite announcing a ₹15,000 crore buyback. Revenue rose 8% YoY, but the core IT services business remained sluggish with minimal growth, reflecting weak demand. Margins also edged lower, signaling ongoing cost pressures, even as profit improved on a sequential basis.
Buy, Sell or Hold: Goldman Sachs maintains sell on Wipro; Motilal Oswal recommends buy on HDFC AMC
Brokerage views on financial and IT stocks are divided, with Motilal Oswal bullish on HDFC AMC and HDFC Life due to strong fundamentals and growth visibility. Conversely, Goldman Sachs maintains a cautious stance on Wipro, citing weak earnings momentum and continued revenue pressure, highlighting a preference for domestic financials over IT services.
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HDFC Life Insurance shares tank 4% on Q4 results. What are Morgan Stanley and Goldman Sachs saying?
HDFC Life Insurance share price declined 4% after announcing plans to raise Rs 1,000 crore from HDFC Bank via preferential issue, alongside March quarter earnings growth. Profit rose 4% YoY, while premiums grew 9%. Brokerages remain mixed, with target prices ranging from Rs 725 to Rs 745 amid growth concerns.
Is Rs 70 LPA salary common for Bengaluru techies? Entrepreneur gives a breakdown of real salaries, ‘80% of engineers earn….’
A startup founder debunked the notion of ₹70 lakh salaries being routine in Bengaluru's tech sector, highlighting that such high pay is concentrated in the top 5% of elite firms. The majority of engineers, around 60-70%, work in IT service companies with salaries between ₹3-20 lakh, with the overall average estimated at ₹18-20 lakh annually.
Delhivery block deals worth Rs 186 crore see Goldman Sachs, Morgan Stanley, MFs step in; Nexus sells stake
Logistics firm Delhivery witnessed substantial block deal activity as Nexus Venture Partners offloaded shares. Goldman Sachs, Morgan Stanley, and domestic mutual funds were among the prominent buyers, acquiring significant stakes. Despite a slight dip in share price, Delhivery has shown strong year-on-year growth and outperformance.
Infosys, TCS, Wipro, other IT stocks climb up to 5%. Here's why
IT stocks rallied up to 5% on Wednesday, driven by improved market sentiment on hopes of fresh Iran-US talks and easing concerns around AI disruption. After earlier losses due to AI and inflation worries, the sector is seeing a partial recovery, with Nifty IT emerging as a top gainer.
HSBC Private Bank slashes India stock exposure to buy gold amid Iran war
HSBC Private Bank has cut its exposure to Indian equities, citing vulnerability to rising oil prices and global uncertainty amid the Iran conflict. The bank shifted allocations towards gold and defensive assets, reflecting caution on emerging Asia. Global peers have echoed concerns over earnings risks and stretched valuations in Indian markets.
Citi profit jumps 42% as market volatility lifts trading revenue
Citigroup's first-quarter profit rose 42% as geopolitical tensions fueled market volatility and trading revenue, while strong dealmaking buoyed investment banking fees.
IT stocks to rally on Wednesday? Infosys, Wipro ADRs surge up to 5%. Here's why
IT stocks may rally on Wednesday as Infosys and Wipro ADRs surged overnight, supported by strong gains in US tech stocks and easing fears of AI-driven disruption. Optimism over renewed Iran-US peace talks and falling crude prices softened macro concerns, boosting sentiment for Indian IT companies heavily exposed to the US market.
US stocks today: S&P, Nasdaq rise 1% as investors hold out hope for US-Iran resolution
US stocks rose as investors weighed Middle East tensions and hopes of a potential resolution in the Iran conflict. Gains in tech stocks lifted the S&P 500 and Nasdaq, while easing oil prices below $100 supported sentiment. However, cautious trading persisted amid geopolitical uncertainty and mixed corporate earnings reactions.
CoreWeave shares jump 12% on deal with Anthropic; stock surges 40% in unbeaten five-session rally
CoreWeave shares surged after a multi-year deal with Anthropic to power Claude AI models, extending a five-session rally. The agreement boosts its position in AI infrastructure as demand for large-scale compute accelerates globally.
J.P.Morgan, Morgan Stanley urge buying the dip as US earnings stay resilient
Wall Street brokerages J.P. Morgan and Morgan Stanley see recent market weakness as a buying opportunity, backed by resilient earnings growth. Despite Middle East tensions, the S&P 500 has rebounded from March lows, with strategists viewing the pullback as a correction rather than a prolonged downturn, supported by improving valuations.
Goldman Sachs shares fall 5% despite 19% YoY earnings growth amid Wall Street gloom
Goldman Sachs shares dropped nearly 5% despite strong Q1 results, as geopolitical tensions and market volatility weighed on sentiment. Revenue, profit, and trading performance improved year-on-year, but broader uncertainty pressured the stock.
US stocks today: Dow falls over 300 points as failed US-Iran talks unsettle investors
Wall Street slipped as failed US-Iran talks and a US naval blockade on Iranian ports revived geopolitical risks, denting market sentiment. Rising oil prices and inflation concerns added pressure, while Goldman Sachs shares fell despite earnings. Investors turned cautious, with volatility rising and safe-haven demand strengthening.
Why is GS stock falling today despite strong Goldman Sachs earnings in Q1? Here's what investors need to know
GS stock today: Goldman Sachs reported a strong first quarter with a 19% profit jump and revenue exceeding expectations, driven by dealmaking and equities trading. However, a 10% drop in FICC revenues and broader economic concerns like inflation and recession fears led to investor apprehension, causing the stock to fall.
Goldman Sachs posts higher profit on strength in dealmaking, equities trading
Goldman Sachs posted a rise in first-quarter profit on Monday, as the Wall Street bank benefited from strength in dealmaking and equities trading.
Why are US stock market futures down today, and will Dow Jones, S&P 500 and Nasdaq stay in red or turn green again? Wall Street futures, US stocks to watch out for, analysts insights, market outlook and what should investors do now
Why are US stock market futures down today, and will Dow Jones, S&P 500 and Nasdaq stay in red or turn green again? Wall Street futures fell after failed talks between the United States and Iran. Oil prices crossed $100 again. Inflation fears rose. Investors moved to safe assets. Earnings season is starting. Travel stocks dropped while energy stocks gained. Markets now watch geopolitics and corporate earnings.
Buy, Sell or Hold: Morgan Stanley resumes coverage on UPL; Emkay Global initiates coverage on D-Mart
Brokerages are selectively positive on the market. Goldman Sachs recommends Solar Industries with a buy rating. Morgan Stanley resumes coverage on UPL with an equal weight rating. Emkay Global initiates coverage on Avenue Supermarts with a sell rating. Structural growth themes remain strong, but companies are being differentiated by pricing power and growth visibility.
Commvault explores sale after takeover interest
Commvault, which has a market capitalisation of about $3.5 billion, is working with Goldman Sachs on its options after fielding inquiries from both private equity firms and strategic buyers.
Buy, Sell or Hold: Goldman Sachs backs TCS, Morgan Stanley stays underweight on Wipro
Brokerages remain divided on frontline stocks, balancing near-term triggers with medium-term growth concerns. Morgan Stanley stays overweight on JSW Steel, citing a constructive outlook despite operational hiccups, while remaining cautious on Wipro due to weak growth visibility. Goldman Sachs maintains a buy on TCS, supported by strong deal wins, though it flags muted revenue momentum and limited clarity on FY27 growth prospects.
Goldman, BoA, Citadel clash with brokers over options clearing
Big Wall Street firms like Bank of America, Citadel Securities, and Goldman Sachs support a new plan from the Options Clearing. This plan changes how money is collected to cover defaults. Retail brokers, however, fear this will cost them hundreds of millions. The dispute highlights growing friction over risk management as retail trading surges.
Goldman Sachs fund sells Cello World shares worth Rs 55 crore via bulk deals
Goldman Sachs sold over 13.82 lakh shares of Cello World via a Rs 55 crore bulk deal at Rs 401 apiece. The stock remained steady despite the transaction but has underperformed over the past year. The company reported flat revenue and a decline in profit in its December quarter results.
Depressed tech valuations could offer entry point for investors, Goldman Sachs says
Since 2025, several factors have contributed to the relative weakness of the broader technology sector, promptinginvestors to rotate into value-driven stocks.
Rs 80 lakh salary, but half as ‘kidnapping insurance’? IIM placement anecdote sparks debate online
A viral anecdote from IIM Calcutta placements details an Africa-based company offering an Rs 80 lakh per annum package, with Rs 40 lakh designated for 'kidnapping insurance.' This unusual offer has sparked widespread discussion about the discrepancy between advertised CTC and actual in-hand salaries.
US stocks: Goldman Sachs' private credit fund defies sector-wide spike in redemptions
Goldman Sachs' private credit fund disclosed on Monday that investors sought to repurchase just under 5% of shares in the first quarter, setting it apart from the rest of the industry that is struggling with a surge in redemptions.
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