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INR settles lower as global crude oil prices stay elevated amid Middle East turmoil
The Indian rupee depreciated 15 paise to close at 95.34 (provisional) against the US dollar on Tuesday, as global crude oil prices jumped and the American currency remained firm amid massive safe-haven inflows. Significant foreign fund outflows also weighed on the investor sentiments. At the interbank foreign exchange market, the rupee opened at 95.16 against the US dollar, then touched an intraday high of 95.03 and a low of 95.37. Indian shares closed higher on Tuesday, staging a rebound after four days of losses as investors assessed mixed signals over the status of U.S.-Iran peace talks and awaited upcoming RBI rate decision. The Nifty 50 gained 100.95 points (0.43%) to close at 23,483.55, while the Sensex rose 382.50 points (0.52%) to settle at 74,649.84.
India slips to seventh in global market cap rankings as South Korea pulls ahead
South Korean stocks have rallied this year, driven by AI chipmakers, which have lifted the combined value of companies listed on the KOSPI, KOSDAQ and KONEX to $5.01 trillion, surpassing the $4.85 trillion value of firms on India’s National Stock Exchange, exchange data showed.
Renaissance Investment CIO sees value in IT, autos and financials
Pankaj Murarka, CEO & CIO of Renaissance Investment Managers, says the global AI investment boom could benefit Indian IT services as enterprise adoption rises. He believes fear-driven selling in IT stocks is fading and sees value emerging in the sector. Murarka is also positive on autos, EV-linked themes, energy and financials over the medium term, while cautioning that some AI and power infrastructure stocks are difficult to justify on traditional valuations.
Vishal Mega Mart allots 4.75 lakh equity shares under ESOP
Consequent to the allotment, the paid-up share capital of the Company has accordingly increased from Rs. 46,75,89,98,060 consisting of 4,67,58,99,806 equity shares having a face value of Rs.10/- each to Rs. 46,76,37,53,060 consisting of 4,67,63,75,306 equity shares having a face value of Rs. 10/- each.
UPI transactions soar to record of Rs 29.9 lakh crores in May
Unified Payments Interface transactions reached record highs in May. Summer travel and the IPL fueled this surge. Value and volume of transactions saw significant growth. This indicates strong organic demand and a maturing digital payment ecosystem. Future growth is expected from credit-on-UPI and cross-border transactions.
Zara India Profit Falls 32% In FY26 As Trent Sharpens Focus On Broader Fashion Portfolio
While Zara reported lower revenue and profit in FY26, Trent's value-fashion chain Zudio continued to drive store expansion and overall retail growth.
Delta Corp plunges after apex court backs 28% GST on online gaming bets
Delta Corp tumbled 16.05% to Rs 67.99 after the Supreme Court upheld the government's retrospective 28% GST levy on the full face value of bets placed on gaming platforms
India needs to build $120-$150 billion semiconductor value chain: NITI Aayog
In its report ‘Future of India’s Semiconductor Industry’, released on Friday, the Aayog has proposed establishing an autonomous national semiconductor nodal agency with technical and financial authority, implementing a single window clearance and fast-track approval mechanism for semiconductor investments and publishing and maintaining a multi-year semiconductor policy stability framework, with defined review cycles.
Reliance Industries, Infosys, among 10 stocks which saw highest buying by retail investors in Q4
Despite volatile markets, rising crude prices, rupee weakness, and geopolitical tensions, retail investors increased exposure to major Indian stocks during Q4 2026, signaling confidence in long-term value opportunities amid corrections.
Stock markets decline for 2nd day on selling in oil, gas, banking shares
Stock markets closed lower for the second consecutive day on Wednesday as investors remained cautious amid conflicting geopolitical signals from the West Asia and fresh foreign fund outflows. In a volatile trade, the 30-share BSE Sensex declined 141.90 points, or 0.19 per cent, to settle at 75,867.80, with 20 of its constituents ending higher and 10 with losses. During the day, it hit a high of 76,224.68 and a low of 75,748.21, gyrating 476.47 points. The 50-share NSE Nifty skidded 6.55 points, or 0.03 per cent, to end at 23,907.15. Sensex had dropped by 479.26 points and Nifty by 118 points on Tuesday. Financials, oil & gas, IT and private banking shares were the major drag while energy, metals, and auto shares advanced, capping the downside. Among 30 Sensex firms, HDFC Bank fell the most by 2.63 per cent. Infosys, ITC, Hindustan Unilever, Reliance Industries and ICICI Bank were also among the major laggards. Power Grid, Eternal, NTPC and Tata Steel were the major ...
AI era: Chipmakers Micron and SK Hynix join the elite $1 trillion market cap club
The global AI boom has transformed the semiconductor industry, pushing Micron and SK Hynix past the $1 trillion market value mark. Surging demand for AI memory chips, supply shortages and massive data centre investments have sparked strong rallies across Asian and US technology and semiconductor stocks.
Monetise idle household gold, ease compliance burden to build Viksit Bharat: Kotak MF's Nilesh Shah
Nilesh Shah of Kotak Mutual Fund suggests India must unlock its vast household gold reserves. He also calls for easing business regulations. These steps are crucial for India's development. He highlighted significant gold imports and the potential of gold financing. Entrepreneurs are driving innovation despite challenges. Support for businesses is vital for global competition.