Market News
Stay updated with the latest market trends, earnings, and economic indicators.
India's wireless subscriber base expands to nearly 1300 million in May 2026: TRAI
The number of wireless subscribers increased from 1288.96 million at the end of April 2026 to 1294.46 million at the end of May 2026. This expansion represents a monthly growth rate of 0.43 per cent for the country's wireless sector, according to a Telecom Regulatory Authority of India report, which highlighted steady upward movement across both urban and rural markets.
RBI in wait-and-watch mode, no certainty on rate hike: Governor Sanjay Malhotra
Reserve Bank of India Governor Sanjay Malhotra stated that an interest rate hike is premature, as inflation hasn't broadly impacted consumer prices. The central bank remains in a 'wait-and-watch' mode, closely monitoring global uncertainties and the monsoon's progress. While acknowledging improved outlooks, risks persist, but India is well-prepared for challenges. The RBI has revised inflation forecasts upwards and growth forecasts downwards for the fiscal year.
S&P Global Projects 110-Bps Drop In India's Economic Growth Amid Inflation Fears
Given the expected rise in inflation, S&P Global believes the RBI will begin raising the repo rate from October, marking the start of monetary policy tightening in the second half of the financial year.
Angel One, CAMS and ICICI AMC among JP Morgan's preferred bets on India's SIP boom
JP Morgan has initiated coverage of India’s capital markets sector with a bullish outlook, citing resilient SIP inflows and rising retail financialisation. The brokerage prefers Angel One, CAMS and ICICI AMC, while staying cautious on BSE, KFin, CDSL and MCX despite strong recent stock performance.
Tech-Led global selloff, Fed rate fears weigh on Indian equities
Indian stock markets experienced their sharpest single-day drop in nearly a month, mirroring a global tech sell-off. The Nifty 50 and BSE Sensex both fell significantly, influenced by a strong US dollar and profit-taking after recent gains. While pharma and healthcare sectors showed resilience, most others, including metals and IT, declined. Market volatility increased, with analysts watching key support levels closely.
Vedanta Aluminium Metal to double production capacity to 60 LTPA
Vedanta Aluminium Metal plans to double capacity to 60 lakh tonnes, after NSE and BSE listing, targeting global growth in infra, auto and electrification.
Govt bonds walk tightrope on steady oil price, shaky US-Iran truce
Traders said Indian debt markets still face rate risks from El Niño's potential impact on inflation and growth and elevated global yields after a hawkish US Federal Reserve commentary
Kevin Warsh is no hawk and Fed rate hikes look unlikely: Julius Baer
Mark Matthews, Head of Research Asia at Bank Julius Baer, expects crude oil to fall to $60 per barrel by next year. However, he said strong earnings growth in the US, driven by artificial intelligence investments, continues to attract global capital, limiting the appeal of India for international investors in the near term.
Lower oil prices and NRI inflows could change India's macro outlook: Nomura
Robert Subbaraman, Head of Global Macro Research at Nomura Singapore, expects lower oil prices to ease inflation pressures, support growth and strengthen the rupee, while maintaining a Fed-on-hold view despite rising risks of a US rate hike.
All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
The Federal Reserve, under new Chair Kevin Warsh, starts a two-day meeting on June 16, likely keeping rates unchanged. Investors are focused on inflation and growth outlooks, with mixed economic data and easing oil supply concerns potentially influencing future policy decisions.
Carnival Time! Auto cos on a roll as demand stays strong
Indian auto sales experienced robust double-digit growth in May, with passenger vehicles up 27% and two-wheelers by 31%. This surge, driven by a favorable base effect, GST rate cuts, and easier financing, saw record May sales for passenger vehicles, three-wheelers, and two-wheelers, despite global economic uncertainties.
Wall Street week ahead: Spotlight on Federal Reserve rate decision, retail sales, Middle East, G7 summit
Market participants will be looking for signals on how the new Fed chief Kevin Warsh intends to tackle lingering inflation concerns while balancing economic growth