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INR recovers momentum as local equities rebound; recent oil and dollar spike fades amid signs of easing geopolitical tensions
The Indian rupee recovered momentum to settle higher by around 28 paise at Rs 95.31 per dollar on Tuesday, supported by retreating international oil prices and small pullback in dollar overseas. Meanwhile, local equities also rebounded from two-month lows as a halt in hostilities between Israel and Iran boosted hopes that peace negotiations could move forward. Geopolitical tensions eased somewhat, the dollar weakened and Brent crude futures fell below $93 a barrel as Israel and Iran agreed to halt attacks against each other following a series of mutual attacks from Sunday night, which marked the most serious escalation since the ceasefire in April. The BSE Sensex settled 394.50 points (0.54%) higher at 73,918.76, while the NSE Nifty 50 advanced 119.10 points (0.52%) to close at 23,242.10.
Bharat Petroleum to shut crude unit at Mumbai refinery in November
Bharat Petroleum Corporation will undertake maintenance at its Mumbai refinery in November. A 120,000 barrel per day crude unit and other secondary units will be shut down. This maintenance was initially planned for April. Indian refiners have been delaying such shutdowns to meet local fuel demand. The shutdown is expected to last three to four weeks.
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.
Indian economy shows resilience as global economy faces uncertainty, says RBI bulletin
In India, economic activity stayed strong despite global pressures, said the RBI monthly bulletin. Industry and services maintained momentum, while agriculture benefited from good rainfall and healthy reservoir levels. Food inflation pushed CPI inflation up to 3.5% in April, though core inflation stayed steady. Trade deficit widened due to higher crude oil and gold imports. Liquidity conditions remained easy, keeping short-term rates below the policy repo rate, though government bond yields edged higher.
RBI should start rate hike cycle as inflation risks rise, says Bandhan MF’s Suyash Choudhary
Average inflation forecasts are likely to move higher, and the RBI should begin the rate hike cycle to maintain its credibility as an inflation-focused central bank, according to Suyash Choudhary, CIO-Fixed Income at Bandhan Mutual Fund. However, he believes rate hikes alone may not immediately solve the problem. He said the RBI must avoid mixed messaging to prevent market uncertainty and added that a favourable mix of global factors — including lower oil prices, better foreign inflows, and a weaker dollar — could help improve the situation.
Asian markets rise, oil prices stay elevated amid Iran war uncertainty
Asian shares advanced Friday following modest gains on Wall Street, while oil prices rose as efforts to end the Iran war yielded limited results. Oil prices had eased Thursday in US trading, alleviating pressure from the bond market as yields fell. Earlier this week yields climbed so high they threatened to slow economies worldwide and undercut prices for stocks, bitcoin and all kinds of other investments. US futures edged higher and Tokyo's Nikkei 225 was up 2.7% at 63,352.44. A report showed inflation hitting a four-year low in April, at 1.4%, despite higher prices for oil and gas due to the war. South Korea's Kospi gained 0.6% to 7,860.59. Hong Kong's Hang Seng rose 1.2% to 25,685.65, while the Shanghai Composite index climbed 0.5% to 4,096.24. Australia's S&P/ASX 200 was up 0.5% at 8,664.00. Taiwan's Taiex was trading 1.5% higher, while India's Sensex edged up 0.2%. Oil prices remained elevated over disruptions around the Strait of Hormuz, a critical waterway for oil and gas
Asian shares rally after oil prices slip, Wall Street resumes its AI rally
Shares rallied Thursday across Asia, tracking gains on Wall Street after pressure from the bond market eased and oil prices fell back. The advance was also powered by a stronger-than-expected quarterly report from chipmaker Nvidia, whose profit rocketed more than 200% higher in the February-April quarter from a year earlier, while revenue jumped 85%. Nvidia has been one of the biggest beneficiaries from the boom in artificial intelligence, thanks to powerful demand for its high-end AI chips. Its shares rose 1.3% on Wednesday before its earnings report was released, but they fell 1.3% in afterhours trading after the announcement. South Korea's Kospi soared 8% to 7,787.74, helped by strong buying of technology shares such as Samsung Electronics, which gained 7.5% after its labour union and management reached an agreement late Wednesday that averted a strike. Shares in SK Hynix, a computer chipmaker partnering with Nvidia, surged 11.3%. The Kospi has been breaching records, recently .
Retail SIP boom boosts AMC outlook; Nippon, ICICI Pru lead pack: Siddhartha Khemka
India's asset management sector is transforming with systematic investing driving growth and stability, reducing reliance on volatile discretionary capital. SIP inflows have surged, now forming a significant portion of mutual fund assets, indicating a shift towards predictable, annuity-like revenue streams. This structural change positions the industry for sustained, retail-led expansion.
Equity MFs inflow dips 5% in April; SIP contributions fall to ₹31,115 cr
Equity-oriented mutual fund schemes garnered a net inflow of Rs 38,440 crore in April, marking a 5 per cent decline from the preceding month, amid geopolitical tensions in the Middle East, fluctuating crude oil prices, and concerns about global growth. Moreover, monthly contributions through SIPs (Systematic Investment Plans) declined to Rs 31,115 crore last month from Rs 32,087 crore in March,according to data released by industry body Amfi on Monday. Overall, the industry recorded a net infusion of Rs 3.22 lakh crore in April after witnessing an outflow of Rs 2.4 lakh crore in March. This was contributed by a huge inflow of Rs 2.5 lakh crore in the debt funds. The inflow has lifted the industry's assets under management by 11 per cent to Rs 81.92 lakh crore at the end of April, up from Rs 73.73 lakh crore at the end of March. This was driven by strong positive flows across segments and market to market gains witnessed during the month, said Venkat Chalasani, Chief Executive at ...
Baroda BNP Paribas MF sees easing crude boosting rate-sensitive stocks, chemicals
Baroda BNP Paribas Mutual Fund Senior Fund Manager Jitendra Sriram said softer crude prices could improve sentiment for India and support interest rate-sensitive sectors. He believes refining, oil marketing and select specialty chemical companies may benefit if West Asia tensions ease. Sriram also cautioned that higher raw material and logistics costs may pressure corporate earnings over the next few quarters despite resilient recent results. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Nifty 50 slips below 24,000: What are the key levels to watch for next week?
On April 30, Indian stock indices fell nearly 1% due to rising crude oil prices and foreign fund exits. The Nifty 50 and Sensex closed at 23,997.55 and 76,913.50, respectively. Despite this, both indices showed weekly gains, breaking previous losing streaks.
FPIs pull out Rs 60,847 cr in Apr; outflows hit Rs 1.92 lakh cr in first four months of 2026
Foreign investors pulled out Rs 60,847 crore from Indian stocks in April. This follows significant outflows in early 2026. Geopolitical tensions and global economic worries dampened investor confidence. Crude oil prices rose, impacting inflation expectations. This led to reduced rate cut hopes and higher bond yields. India's stock market valuations appeared expensive amid these global concerns.