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Greed & Fear Report: India still attractive despite FPI selling? Jefferies’ Chris Wood explains why
Despite global investors shifting focus to AI-driven markets like Korea and Taiwan, Jefferies strategist Christopher Wood believes India's market remains attractive due to strong domestic participation and resilient midcap performance.
INR collapses to fresh record low
The Indian rupee is seen collapsing to new record lows against the dollar in opening trades on Tuesday amid rebound in oil prices and dollar index edging higher. US President Donald Trump reportedly said that the ceasefire with Iran was on life support with hopes for a deal with the country fading, triggering a surge in crude oil prices. Market sentiments remained dominated by fears that the 10-week-old conflict could further tighten global supply, particularly after Trump rejected Tehran's latest response to a US-backed peace proposal, calling it totally unacceptable. At the interbank foreign exchange market, the rupee opened at 95.57 against the US dollar and then fell further to an all-time low of 95.63 against the greenback, down 35 paise from its previous close.
Asian shares rise, oil prices gain on Iran deadlock
Asian stocks were up 0.4% near their record as traders remained bullish on AI trade. South Korea led gains as investors bet the country’s chipmakers, such as Samsung Electronics Co. and SK Hynix Inc., will benefit from the global AI buildout.
IHCL shifts focus to overseas expansion as domestic business runs on autopilot
The Indian Hotels Company, affectionately known as IHCL, is setting its sights on global horizons. With its domestic operations thriving, the company is primed for international growth through management contracts and operating leases.
FAITH seeks steps to attract more foreign tourists amid PM Modi's austerity call on international travel
Following PM Modi's appeal to curb foreign travel, the tourism industry body FAITH urged equal focus on attracting international tourists to boost foreign exchange. FAITH called for eased visa restrictions, improved connectivity, and enhanced global promotion to leverage India's rich tourism potential and counter foreign exchange concerns.
Morgan Stanley warns oil market in ‘race against time’ as Strait of Hormuz remains shut amid Iran war
Morgan Stanley warned that global oil markets are in “a race against time” as prolonged disruption in the Strait of Hormuz could sharply tighten supplies and push crude prices higher. Analysts said current market buffers may weaken if the closure extends into late June or July, raising risks for global energy markets.
Chalet Hotels, Lemon Tree to IHCL: Hotel stocks drop up to 3% on PM Modi's appeal
Shares of major hospitality companies fell over 2% on May 11 following Prime Minister Modi's call for a temporary pause on foreign travel. He urged citizens to focus on domestic tourism to support the local economy during the ongoing global crisis.
Gold, silver seen range-bound for second week amid US-Iran talks: Analysts
Gold and silver may remain range-bound for a second consecutive week as investors assess developments in US-Iran peace negotiations and global macroeconomic data, analysts said. Traders will track inflation data from China, Germany, and the United States, along with GDP numbers from the Eurozone and the UK, later this week, they added. "Gold prices momentum looks consolidative, while silver movement looks positive in the coming week as traders will focus again on the progress on peace talks between the US and Iran to end the war and markets are likely to react accordingly," Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd, said. On the Multi Commodity Exchange (MCX), gold futures gained Rs 1,178, or nearly 1 per cent over the past week, to settle at Rs 1.52 lakh per 10 grams. Silver climbed Rs 10,985, 4.4 per cent, to close at Rs 2.61 lakh per kg. "Gold traded with a positive undertone last week, posting gains of nearly 1 per cent on MCX ..
‘Bullet Raja’ Royal Enfield leaves Audi, Ferrari behind in global race, becomes world’s 3rd strongest auto brand
Royal Enfield has achieved the world's third strongest automotive brand status, surpassing Audi and Ferrari according to the Brand Finance Automotive Industry 2026 report. With a brand strength score of 88.9 and an AAA rating, the Indian motorcycle company's brand value has surged by 30% to $1.2 billion, driven by its global expansion and focus on retro-style motorcycles.
Biocon shifts focus to margins, capacity utilisation after expansion phase
Biocon is shifting its strategy to focus on capacity utilization, margin expansion, and improved returns after significant investments in global capabilities. The company reported a 13% revenue increase for FY26, though net profit saw a substantial decline. Biocon is also prioritizing sustainable, profitable growth and exploring in-licensing opportunities for its biosimilars portfolio.
IRAJ International to host ICSTSEIM-2026 in Bhubaneswar on August 7-8, focusing on AI and sustainable engineering
Bhubaneswar will host the International Conference on Science, Technology, Sustainable Engineering, and Innovation Management (ICSTSEIM-2026) on August 7-8, 2026. Co-hosted by EATM, the event will focus on the intersection of AI and sustainable engineering, alongside advancements in education. The summit aims to foster global partnerships and empower the next generation of researchers.
Oil swings, global stocks mixed, jobs report in focus - what’s moving markets - Investing.com India
Oil swings, global stocks mixed, jobs report in focus - what’s moving marketsInvesting.com India