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India Today
14 hours ago
- Business
- India Today
Sensex ends 1,046 points higher, Nifty above 25,100; Bharti Airtel jumps 3%
Benchmark stock market indices rallied on Friday, with Dalal Street adding over 1%, ending the week on a high note. Heavyweight financial and banking sector stocks surged, pushing markets S&P BSE Sensex jumped 1,046.30 points to end at 82,408.17, while the NSE Nifty50 added 319.50 points to close at 25, Nair, Head of Research, Geojit Investments Limited, said that the equity indices surged as Middle East tension moderated with risk of immediate military actions reduced as US dialogue with Iran is expected to take development led the crude price to correct, favouring domestic markets and boosting foreign investors' sentiments," he Airtel topped the gainers with an impressive 3.27% surge, followed by Mahindra & Mahindra up 2.93%, PowerGrid rising 2.38%, Reliance Industries gaining 2.16%, and Nestle India adding 1.97%. On the losing side, Maruti Suzuki was the only major decliner, falling 0.02% in an otherwise positive session for the index."In the broader market, rapid fall in VIX index and buying was witnessed in rate sensitives and consumer oriented sectors like Finance, Auto and Reality and in anticipation of better Q1 FY26 results led by rate cuts benefits, drop in inflationary pressure and rebound in consumer spending," said broader market indices ended strongly with Nifty Midcap 100 gaining 1.46%, Nifty Smallcap up 1.01%, while India VIX fell 4.08%.All sectoral indices closed in positive territory, led by Nifty Realty surging 2.11%, followed by Nifty PSU Bank up 1.64%, Nifty Financial Services gaining 1.49%, Nifty Metal rising 1.39%, Nifty Healthcare adding 1.07%, Nifty Auto up 1.04%, Nifty Private Bank gaining 1.03%, Nifty Oil & Gas rising 0.91%, Nifty IT adding 0.84%, Nifty Pharma up 0.80%, Nifty Consumer Durables gaining 0.73%, Nifty FMCG rising 0.64%, and Nifty Media advancing 0.35%.advertisementThere were no sectors in the red as the market witnessed broad-based buying across all segments. Realty and PSU banks led the rally while all other sectors participated in the positive closing session on Friday.(Disclaimer: The views, opinions, recommendations, and suggestions expressed by experts/brokerages in this article are their own and do not reflect the views of the India Today Group. It is advisable to consult a qualified broker or financial advisor before making any actual investment or trading choices.)
Business Insider
3 days ago
- Business
- Business Insider
Stocks are at risk from the Iran-Israel conflict. Here's how quickly the S&P rebounded from the greatest shocks since WWII.
The S&P 500 has shrugged off Israel's conflict with Iran so far, trading only 1% lower as of Tuesday's close. Even if the benchmark stock index does slide, history suggests it will come roaring back. "The escalation in the Middle East brings into focus the playbook for geopolitical shocks and risks, which entails sharp equity selloffs, which is intuitive, but also surprisingly quick recoveries, which is not," Deutsche Bank Research strategists Parag Thatte and Binky Chadha said in a recent note. "The typical pattern is for the S&P 500 to pull back about -6% in 3 weeks but then rally all the way back in another 3," they wrote, attaching a table showing how the index has fared during 32 previous geopolitical events. Jim Reid, Deutsche's global head of macro research, said in a note this week that a stronger market reaction could be sparked by direct US involvement in the clash or targeting of Iran's oil production or shipping infrastructure — or Iran deciding to close the Strait of Hormuz, which accounts for 20% of global daily trade flows. Bouncing back The Deutsche strategists' table offers a fascinating look at how the stock market has reacted to many of the most significant geopolitical events of the past century. The S&P, and the index that preceded its launch in 1957, has only crashed more than 20% following two geopolitical incidents. It fell about 21% after Adolf Hitler's Germany annexed Czechoslovakia in March 1939, and by 26% after the Nazis invaded France in May 1940. The benchmark tumbled more than 15% after the Israel-Arab War broke out in October 1973, prompting an oil embargo that blocked crude exports to the US and other nations, and after the First Gulf War began in August 1990. The S&P tanked by more than 10% on four occasions: North Korea's invasion of South Korea in June 1950, the 9/11 attacks in September 2001, Pearl Harbor in December 1941, and the Iranian hostage crisis in November 1979. Taking the median event, the S&P typically falls by 6% over 17 trading days and then rebounds fully over the next 16 trading days. It tends to rally nearly 15% from its trough over a 12-month period. However, a swift bounceback is not guaranteed. Recovering from the oil crisis of 1973 took 1,475 trading days or nearly six years, per Deutsche's table — with the S&P falling a further 28% from its trough over 12 months. The index also fell 15% from its trough in the year after the Berlin Wall was built in August 1961, and 13% in the year after President Nixon's impeachment proceedings began. At the other extreme, the benchmark soared by about 42% from its trough in the 12 months after the Israel-Hamas conflict began in October 2023. It jumped more than 30% in the year after North Korea invaded South Korea in June 1950, the Iraq War broke out in March 2003, and the Cuban Missile Crisis erupted in October 1962. It's too soon to say whether the Israel-Iran conflict will join the list of most impactful geopolitical events for the S&P. Reviewing historical market reactions may relieve investors as the index tends to recover quickly from these kinds of disruptions, though it's worth remembering the index can fall sharply and stay underwater for years.
Yahoo
3 days ago
- Business
- Yahoo
Prediction: ExxonMobil Will Increase Its Dividend Every Year Through at Least 2030
ExxonMobil has built one of the strongest businesses in the oil patch. The company expects to deliver meaningful earnings and cash flow growth through 2030. It should have plenty of fuel to continue increasing its high-yielding dividend over the next five years. 10 stocks we like better than ExxonMobil › Companies that pay a stable dividend can make solid investments. Historically, they've produced higher total returns with less volatility than companies that don't pay dividends. However, the highest total returns have come from companies that regularly increase their dividends. Few companies can match ExxonMobil's (NYSE: XOM) dividend growth track record. The oil giant has increased its payout for 42 straight years, a claim only 4% of S&P 500 members can make. I fully expect the oil giant to continue increasing its dividend every year through at least 2030 despite oil market volatility and a steady shift toward cleaner fuel sources. Here's what fuels that prediction. ExxonMobil has built one of the most profitable companies in the oil patch. Last year, the oil giant generated $34 billion in earnings and $55 billion in cash flow from operations. That was its third best year in a decade, even though oil prices were around their 10-year average. The company's strategy has been to invest heavily in its advantaged assets -- those with the lowest cost and highest margin -- while also working to strip out structural costs. Exxon is growing its production from places such as the Permian Basin and offshore Guyana, which is steadily lowering its cost of supply and boosting its margins. It has also achieved a cumulative $12.7 billion of structural cost savings since 2019. That's more than the reported cost savings of all other international oil companies combined. This combination of growing its most profitable operations and reducing costs has helped expand the company's earnings capacity. Exxon also has the strongest balance sheet in the oil patch. It ended the first quarter with an industry-leading leverage ratio of only 7% net debt to capital. The company has the highest credit rating in the industry and an $18.7 billion cash cushion. Exxon's low costs and fortress balance sheet put its dividend on a rock-solid foundation. The oil giant updated its long-term corporate plan last year, extending it through 2030. Its 2030 plan would see the oil giant deliver a growth potential of $20 billion in earnings and $30 billion in cash flow over the next five years compared with last year's baseline. Exxon's 2030 plan follows its successful blueprint from the past several years. It intends to invest heavily in growing its advantaged assets. It plans to deploy a cumulative $140 billion of capital into major projects, including up to $30 billion of lower carbon energy opportunities, and its Permian Basin development program over the next five years. The company expects this capital to produce returns in excess of 30% during the life of the investments. On top of that, the company expects to continue streamlining its operations and reducing structural costs. It's targeting to reach $18 billion in total structural cost savings compared with 2019's baseline by 2030. The combination of earnings growth and cost savings positions Exxon to generate a mountain of excess free cash flow over the coming years. It could produce a cumulative of $165 billion of excess free cash flow in the 2025-to-2030 time frame after funding its capital spending and current annual dividend level, assuming oil averages $65 per barrel. For context, oil is currently over $75 per barrel. Exxon can return this surplus to shareholders through dividend increases and share repurchases. Assuming reasonable market conditions, it aims to buy back $20 billion of its stock this year and another $20 billion in 2026. The oil giant has also been growing its dividend at a 6% compound annual rate over the decades, a rate it could continue over the next five years. Given Exxon's combination of financial strength, visible earnings growth, and dividend history, it seems highly probable that the oil giant will continue raising its payout. I expect it will give investors raises every year through at least 2030. With its payout currently yielding 3.5%, more than double the S&P 500, it's a great dividend stock to buy and hold for the next five years. Before you buy stock in ExxonMobil, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the for investors to buy now… and ExxonMobil wasn't one of them. The 10 stocks that made the cut could produce monster returns in the coming years. Consider when Netflix made this list on December 17, 2004... if you invested $1,000 at the time of our recommendation, you'd have $653,702!* Or when Nvidia made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, you'd have $870,207!* Now, it's worth noting Stock Advisor's total average return is 988% — a market-crushing outperformance compared to 172% for the S&P 500. Don't miss out on the latest top 10 list, available when you join . See the 10 stocks » *Stock Advisor returns as of June 9, 2025 Matt DiLallo has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. Prediction: ExxonMobil Will Increase Its Dividend Every Year Through at Least 2030 was originally published by The Motley Fool Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Time of India
6 days ago
- Business
- Time of India
Yale is rushing to sell billions in PE funds
Yale is rushing to sell billions in PE funds Yale University's famed endowment has been trying to offload one of the largest portfolios of private equity investments ever in a single sale, a move that reflects the pressures on both Wall Street and higher education under the Trump administration. The Ivy League school has sought buyers for up to $6 billion in stakes in private equity and venture funds, according to three people briefed on the sales process, amid uncertainty about its federal funding and the reality that many of these investments have not delivered the outsize returns that Yale expected. Yale is close to completing a sale of roughly $3 billion of the portfolio and is selling the assets at a slight discount, one of the people said. "This is a big deal," said Sandeep Dahiya, a professor of finance at Georgetown University, who has conducted research on the performance of endowments. "The investor that was the lead architect of investing in the private equity markets is pulling in its horns." For decades, Yale has been regarded as a pioneer for shifting its investments away from stocks and bonds into longer-term holdings managed by private equity and VC firms. But last year, Yale's $41 billion endowment generated returns of just 5.7%, underperforming the S& and other major indexes. Yale said its 10-year return averaged 9.5% annually. Private equity investments typically generate cash for endowments and other investors after they sell or take public the companies in which they have invested.
Business Insider
7 days ago
- Business
- Business Insider
S&P 500 Extends Losses, VIX Spikes as Iran Strikes Back Against Israel
The S&P 500 (SPX) has extended its losses as the Israel-Iran conflict continues to escalate, risking a global crisis and the involvement of allies from both sides. Iran has retaliated against the initial attack on its nuclear and military facilities by launching a series of missile strikes against Israel, according to the Israel Defense Force (IDF) X account. Confident Investing Starts Here: Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter During times of geopolitical conflict, investors usually adapt a risk-off attitude, resulting in stocks being sold off. Volatility, as measured by the Volatility Index (VIX), tends to spike as well. That's happening today with the VIX up by nearly 20%. President Trump Urges Iran to 'Make a Deal' President Trump continues to pressure Iran for a deal to halt its nuclear program and said 'JUST DO IT, BEFORE IT IS TOO LATE' in a Truth Social post this morning. Meanwhile, not all stocks are going down. Defense stocks, like Lockheed Martin (LMT) and RTX (RTX), are both up by over 3% on Friday. Oil stocks, like Exxon Mobil (XOM) and Chevron (CVX), are also in the green as the conflict could disrupt oil supply chains and raise prices in the process.
