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Barometers trade sideways; consumer durables shares advance
At 12:28 IST, the barometer index, the S&P BSE Sensex fell 79.13 points or 0.09% to 75,247.82. The Nifty 50 index rose 8.95 points or 0.04% to 23,663.40.
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 .
SoftBank shares jump 20% in Asia backed by three major factors
With this move, SoftBank shares have snapped a five-day losing streak and have extended their year-to-date advance to 30%.
Union Minister Piyush Goyal calls for industry and govt collaboration
Union Commerce and Industry Minister Piyush Goyal called for deeper collaboration between industry and government to advance ease of doing business, enhance Indias competitiveness and accelerate the countrys journey towards Viksit Bharat. The Minister was speaking at the India Business Reform Summit 2026 in New Delhi. Mr Goyal said that the present global situation and geopolitical uncertainties should be viewed as an opportunity for India to strengthen business processes, undertake faster reforms, build greater resilience and strengthen supply chains. Calling businesses to remain alert and avoid panicking, the Minister said that India had successfully overcome unpredictable challenges such as COVID-19. He emphasised the need for smarter and more efficient business practices, including reducing waste, improving productivity and adopting energy efficiency measures. Mr Goyal informed that around one thousand eight hundred Global Capability Centres (GCCs) are operating in the country. ..
Commerce Minister calls for deeper collaboration between industry and government to advance ease of doing business
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Adani Ports to Adani Power: Adani Group stocks advance after reports of US to settle fraud lawsuit against Gautam Adani
On May 15, shares of Adani companies saw gains amid news that US authorities might dismiss fraud charges against Gautam Adani. Adani plans to invest $10 billion in the US, generating around 15,000 jobs, while settling a civil fraud lawsuit.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Muthoot Fin in focus
Sensex Today | Stock Market LIVE Updates: The next Nifty hurdle is its 20-DMA, just near the mark of 23,900. That's another 200 points away. The Nifty Bank will be the index to watch as any further short-covering could propel both indices higher. The Nifty support is back at 23,500 and the index is set for a weekly advance as well.
India Stocks Open Higher on Global Cues; Energy and Metal Stocks Advance - Investing.com India
India Stocks Open Higher on Global Cues; Energy and Metal Stocks AdvanceInvesting.com India
Explained: Why Balrampur Chini, Dhampur Sugar, other stocks tumbled up to 4% on Thursday
Sugar stocks declined up to 4% on Thursday after India prohibited sugar exports with immediate effect until September 30. This move comes as domestic production is expected to fall below consumption for the second consecutive year, leading to the lowest stock levels since 2016-17. Exports under specific tariff rate quotas and the Advance Authorisation Scheme will continue.
Nifty trades above 23,400 level; oil & gas shares advance
At 11:30 IST, the barometer index, the S&P BSE Sensex, advanced 28.18 points or 0.04% to 74,587.42. The Nifty 50 index rose 29.15 points or 0.12% to 23,410.65.
Southwest Monsoon Likely To Reach Andaman Sea By Week's End: IMD
Conditions are becoming favourable for the advance of southwest monsoon likely over parts of south Bay of Bengal, Andaman Sea and Andaman & Nicobar Islands towards the end of this week.
Gold, silver advance as Fed rate outlook supports safe-haven demand
Gold and silver rose in Asia on US-China summit and Iran tensions, oil eased, US inflation hit a three year high, Kevin Warsh joined the Fed, India hiked gold and silver import tariffs.