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Sandip Sabharwal, asksandipsabharwal.com, says they do not own any of those stocks and he is not looking to buy also because the entire re-rating in wires and cables was beyond his understanding. He feels Valuations will come down to reasonable levels at some stage, but given the commodity nature of the business, he does not like these businesses so much. Sabharwal also says that the bull market has shifted investor perception about what stock valuation means to new investors. About two years ago most investors accepted a stock price-to-earnings ratio of 12 to 15 for midcap stocks but rarely exceeded 20 PE when purchasing stocks. Since the market corrected, many midcap as well as smallcap companies currently maintain PE ratios at 50-60 levels. First, let us talk about UltraTech Cement. I guess the market is clearly not liking this diversification. What explains the downtick on the stock today? Sandip Sabharwal: When they went into paints, it seemed like a natural progression because cement, paint, similar kinds of distribution channels although the retail channel could be somewhat different and the usage patterns could be the same. Cables and wires is a somewhat different industry, although they are talking about the entire building segment and covering all aspects to it.

Dell Technologies forecast annual profit above Wall Street estimates on Thursday on the back of cost cuts and growing demand for its AI-optimized servers, sending the company's shares up 3% in extended trading.

Subscribe to enjoy similar stories. Never have I ever been asked to cut a cake iced with the words “Welcome Home" after I’ve finished an interview. But at Shahnaz Husain’s mansion in Delhi, it’s a ritual for first-time guests.

Subscribe to enjoy similar stories. The Trump administration is moving at warp speed to announce new tariffs. Implementing them is another story.

Dell on Thursday forecast a decline in its adjusted gross margin rate for fiscal year 2026, hit by higher costs to build artificial intelligence servers in a fiercely competitive market, while its PC business also lagged amid soft demand. The Round Rock, Texas-based company's shares fell about 2% in extended trading, even as it announced a $10 billion increase in its share buyback plan.

Brazilian state-run oil firm Petrobras could bring forward investments in the future if it leads to higher oil production earlier, Chief Executive Magda Chambriard told journalists during a presentation of the 2024 financial results. On Wednesday the firm reported higher-than-expected investments for 2024 in its fourth-quarter results release, surprising analysts and leading to a dip in the share price on Thursday.

Advantest tanking more than 9%. The Nikkei fell to 37,501.24 as of 0017 GMT, while the broader Topix was down 1.2% at 2,703.57.

Subscribe to enjoy similar stories. The rupture of the post-1945 order is gaining pace. In extraordinary scenes at the UN this week, America sided with Russia and North Korea against Ukraine and Europe.

Oil prices eased on Friday, heading for their first monthly drop since November, as uncertainty over global economic growth and fuel demand from Washington's tariff threats and further signs of a U.S. economic slowdown outweighed supply concerns. The more active May Brent crude futures slipped 31 cents, or 0.4%, to $73.26 a barrel by 0133 GMT, while U.S. West Texas Intermediate crude was at $70.05 a barrel, down 30 cents, or 0.4%. Front-month Brent expires later on Friday.

The yen was meanwhile set to end the month with a gain of more than 3.6%, its best since last July, on heightened bets of more Bank of Japan (BOJ) rate hikes this year.

government spending gathered pace. Asia's third-largest economy saw a sharp slowdown in the July to September quarter, with GDP growth slipping to 5.4%, the slowest pace in seven quarters. Economists blamed the slowdown on weak urban demand and a delay in government spending due to national elections last year.

White House on Thursday afternoon. During his first visit to Washington as Prime Minister, Starmer said that his country is ready to put «boots on the ground» to support a peace Ukraine. «I'm working closely with other European leaders on this, and I'm clear that the UK is ready to put boots on the ground and planes in the air to support a deal, working together with our allies, because that is the only way that peace will last,» Starner said.

The stock closed lower at $120.15, while other members of the group such as Microsoft and Amazon also ended the session weaker, after Nvidia's earnings failed to inspire the kind of gains that became a hallmark of the AI rally through 2023 and 2024.

Nvidia tumbled 8.5%, evaporating $274 billion in stock market value, after the Silicon Valley company gave a weaker-than-expected quarterly forecast for gross margin that overshadowed an upbeat revenue outlook.

Subscribe to enjoy similar stories. Annual reports are generally not known to be candid. It’s a different story when you’re reading Warren Buffett’s annual letter to shareholders of his company Berkshire Hathaway.

Subscribe to enjoy similar stories. On 27 February, global cues dictated the trends in the market. Indian equity indices, the Sensex and Nifty, concluded the trading day with minimal changes, as their movements were relatively flat throughout the day.

Subscribe to enjoy similar stories. Nifty 50, India’s benchmark index, ended flat on Thursday, 27 February, in a lacklustre session amid volatility. After opening at 22,568.95, the index traded within a narrow range of 22,500–22,613 before closing flat on the monthly F&O expiry day, forming another Doji candle on the daily chart.

US President Donald Trump has announced plans to impose 25 per cent tariffs on goods imported from the European Union, stating that the trade relationship between the two sides has been unfair to the United States.

Subscribe to enjoy similar stories. Breaking the silence over the ongoing dispute between brothers Abhishek and Abhinandan over a family settlement agreement and the use of the Lodha brand, their mother Manju Lodha has stated that neither brother has any valid claim on the other’s business. The mother made an emotional appeal to the two brothers to bury the hatchet in a letter addressed to them on 21 February.

WPP expects its revenue and profit to be flat at best this year because of a weak Chinese market and uncertainty in the United States, it said on Thursday, as its shares hit a four-year low following disappointing results. For 2024, WPP reported a 1.0% fall in organic revenue, missing analysts forecasts of a 0.4% drop. Its shares fell 16%.