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US dollar set to log highest monthly gain in one-year. US-Iran war, job data in focus
The US dollar is set for its largest monthly gain in a year, rising 2.5% in June due to safe-haven demand amid US-Iran tensions and Federal Reserve rate hike expectations. The euro, sterling, and Australian dollar are all facing declines as market uncertainties grow.
Sterlite Tech hits 5% upper circuit on QIP launch; zooms 495% in 6 months
Sterlite Technologies plans to raise up to ₹1,500 crore through the QIP route. Recently, Bandhan Mutual Fund sold 1.82 million equity shares of STL in open market trade.
A Decade Of Growth: Trent's Valuation Swells Nearly 50x To Rs 1.73 Lakh Crore Under Noel Tata
Noel Tata's legacy is cemented as one of the architects in modern Indian retail.
Euro attempts recovery against dollar from around 12-month low
Euro attempts recovery against the dollar on Thursday after being pushed to its lowest level in almost a year. EUR/USD is seen quoting at $1.1403, up marginally on the day after the counter was severely battered through the week and last as dollar firmed up on a hawkish Fed stance. Possibility of more than one Federal rate hike this year to tame soaring inflation is seen propping dollar and weighing on dollar denominated assets. The dollar index is trading above 101 mark and yield on the US 10-year Treasury note is also hovering around 4.4% this morning. Investors also continued to evaluate the outlook for Federal Reserve policy ahead of a key US inflation report that could help shape expectations for interest rates. On the NSE, EUR/INR futures are down around 0.12% at 107.40.
How Trent became an investor darling under Noel Tata
Under Noel Tata's leadership, Trent transformed from a single-store retailer into one of India's most valuable retail companies. The journey saw the Tata Group firm expand across formats, deliver consistent growth and emerge as a favourite among investors.
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.
Dollar index scales above crucial 101 mark
The dollar index scales above 101 mark for the first time in more than a year on Tuesday amid growing indications of a Federal rate hike in the near future. The Federal Reserve's hawkish tone at its latest meeting is seen bolstering gains the U.S. dollar. However, the yield on the US 10-year Treasury note fell to 4.48% on Tuesday as markets reacted to signs that a USIran deal could move closer to a lasting agreement. The upcoming PCE inflation report, the Feds preferred gauge, will be closely watched this week for further clarity. The dollar index that measures the greenback against a basket of currencies is quoting at 101.09. Among basket currencies, British pound weakened against a firmer US dollar but remained comfortably above $1.32 as investors balanced easing political uncertainty with weaker UK economic data. However, euro slumped to a one-year low. The Swiss franc weakened to near 0.81 per US dollar, falling near its weakest level since November 2025 amid a stronger U.S. ...
India’s biggest equity fund makes contrarian bet on IT stocks
India’s largest actively managed equity fund, PPFAS Flexi Cap, is increasing exposure to beaten-down IT stocks, taking a contrarian view on AI disruption fears. CIO Rajeev Thakkar argues pessimism is overdone, betting on productivity gains and valuation comfort even as the Nifty IT index heads for its worst year since 2008.
Rupee opens 13 paise lower at 94.66 against US dollar
The Indian rupee opened at 94.66 against the US dollar, weakened by a hawkish Fed stance. Goldman Sachs raised inflation forecasts, predicting one rate hike in 2026. The rupee later strengthened to 95.08, buoyed by geopolitical sentiment and foreign capital inflows into India’s debt market.
Buying US stocks via Gift City to get easier as Zerodha, Groww, Angel One and Upstox get nod
Buying US stocks could soon become easier for Indian retail investors after Zerodha, Groww, Angel One and Upstox secured regulatory approvals from GIFT City’s IFSCA. The licences will enable the brokerages to facilitate overseas investing, tapping into growing demand for global equities under the RBI’s Liberalised Remittance Scheme.
Arvind SmartSpaces shares jump up to 10% after new Ahmedabad residential project
Arvind SmartSpaces' chairman and non-executive director Kulin Lalbhai told CNBC-TV18 last month that the firm is targeting a cumulative growth rate of 30% over a four-to-five-year period in the long term.