Market News
Stay updated with the latest market trends, earnings, and economic indicators.
BSNL's corner office goes open market as Centre seeks new CMD
The government is actively seeking a new Chairman and Managing Director for BSNL, opening the door to private sector professionals for the first time. Applicants must meet specific age and financial criteria, with a deadline of July 22. This strategic move aims to bring fresh leadership to the state-owned telecom giant, following an extension for the current interim chief.
Coming soon: ₹2 lakh foldable smartphones from Samsung and Apple
With high raw material costs and increased engineering expenses, analysts predict the upcoming foldable devices will set high price points, with potential implications for consumer affordability.
Reliance shares rise 3% as brokerages highlight AI, consumer business, New Energy to drive growth
Reliance share price opened at ₹1,324.90 against its previous close of ₹1,309.35 and climbed 2.76% to an intraday high of ₹1,345.45.
Australian shares fall for a second day as global concerns weigh on sentiment
Markets were also unsettled by uncertainty surrounding upcoming U.S.Iran peace talks, as Iran sought stronger assurances on the implementation of a recent agreement with Washington. Losses were broad-based, with non-energy mining, industrial, consumer discretionary, and commercial services stocks among the weakest performers.
Power and IT set to remain dominant industries as pvt sector leads India's investment landscape in post-Covid era: Report
Power and IT sectors are set to lead India's economic growth. New investment announcements show a strong focus on electricity and technology. This trend is driven by digital infrastructure and renewable energy needs. The private sector is now a major investor. Transport, chemicals, and metals also see substantial capital allocation. Consumer segments hold smaller shares.
IKIGAI's Pankaj Tibrewal says opportunities now lie beyond the Nifty
IKIGAI Asset Manager's Pankaj Tibrewal sees a weaker rupee boosting India's export competitiveness, creating opportunities across auto parts, engineering, chemicals, textiles and electronics manufacturing.
ICICI Prudential's Anand Shah favours manufacturing, consumer services despite inflation risks
Anand Shah, CIO-PMS & AIF at ICICI Prudential AMC, believes manufacturing-focused mid- and small-cap companies are well placed to benefit from stronger earnings growth, rupee depreciation and a gradual shift towards domestic production. He remains overweight on consumer services, private banks, asset managers and insurance firms, while expecting telecom industry profitability to improve over time through tariff hikes. Shah also warned that inflation risks from energy and food prices could weigh on consumption.
Is the Iran war just an energy shock - or a turning point?
A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a temporary blip. While immediate relief is expected, the long-term impact hinges on consumer and government behavior shifts towards renewables and EVs, potentially challenging fossil fuel dominance.
Honasa Consumer shares get an upgrade but target projects downside
HSBC said Honasa now appears to have a more structured strategy for offline expansion, reducing the likelihood of a repeat of the operational challenges it faced during FY25.
Dollar index renews momentum; US PPI data awaited
The dollar index is edging closer to 100 on Thursday, lingering near its highest levels in two months amid fresh US attacks over Iran and as US consumer inflation accelerated in May to its fastest pace in more than three years due to soaring energy costs. May US inflation accelerated at its fastest pace in over three years due to surging energy costs, though the data matched expectations. Market focus now turns to the upcoming release of May's Producer Price Index (PPI) and Initial Jobless Claims. The yield on the US 10-year Treasury note steadied around 4.55% on Thursday awaiting fresh US economic data for further clues on the Federal Reserves policy outlook.
INR extends downside as dollar firms and oil renews surge
The Indian rupee slipped back against the dollar in opening trades on Thursday as dollar index renewed gains and crude oil prices took flight. The dollar index traded around 100 on Thursday, lingering near its highest levels in two months amid fresh US attacks over Iran and as US consumer inflation accelerated in May to its fastest pace in more than three years due to soaring energy costs. INR opened at Rs 95.55 per dollar and slipped further to a low of 95.64 so far during the day. Yesterday, rupee was largely flat and settled almost unchanged at Rs 95.25 per dollar. Rupee pared its initial losses as crude oil prices and the US dollar index retreated from their elevated levels. Local equities are likely to open on a cautious note on Thursday as concerns mounted about a re-escalation of the Middle East conflict and a stronger U.S. inflation print reinforced expectations that borrowing costs would remain higher for longer. On Wednesday, Indian shares gave up early gains to end little .
Stocks to Watch today: Lenskart, ZEEL, REC, PFC, Eternal, Airtel and more
Stocks to watch today: Lenskart, Zee Entertainment, REC, PFC, Eternal, Airtel, Tata Consumer Products, Vascon Engineers, Nuvama Wealth, Rajesh Exports, among others, will be in focus today.