Market News

Non-AI Nifty suddenly beating Nasdaq, South Korea & Taiwan bourses: Is the global tech trade finally reversing?

India's Nifty is surprisingly outperforming global tech giants like Nasdaq, South Korea, and Taiwan, marking a potential reversal in the AI-driven market trend. Foreign investors are shifting away from Korean chipmakers, while India's domestic growth drivers offer a more stable outlook. This shift, fueled by concerns over AI 'malinvestment' and concentrated market risks, suggests a broader diversification may be underway.

HCL Tech Share Price Live Updates: HCL Tech shares zoom 6% after $1.14 billion AI deal with Fortune Global 50 firm

Petrol, Diesel Prices On July 3: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata, And More

Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.

D-St set for a positive opening as GIFT Nifty signals firm start

Indian equities saw a positive close on Thursday, with the Nifty climbing 0.5% to 24,175. Analysts anticipate a gradual upward trend driven by favorable global sentiment and central banks' focus on inflation control. Stock-specific movements are expected from pre-quarterly business updates. The market's fear gauge, India VIX, also declined significantly.

Auto companies stick to fast lane in pay hikes, too

Expect substantial salary increases in India's auto sector, with average hikes projected at 10.3% in 2026, surpassing the general corporate average. This boost is driven by strong vehicle sales and favorable government policies. Despite global uncertainties, companies are rewarding top performers while managing budgets carefully. Attrition rates are also anticipated to decrease as talent mobility slows.

Robust overseas show helps TVS emerge top 2-wheeler company in India

TVS Motor Company has achieved a significant milestone, becoming India's largest two-wheeler manufacturer by total monthly sales for the first time, driven by robust international business and exports. While Hero MotoCorp and Honda Motorcycle & Scooter India followed, TVS's overseas sales significantly boosted its overall figures, showcasing the growing influence of global markets on the Indian automotive landscape.

India emerging as reliable green fuel supplier: Renewable Energy Secretary Santosh Kumar Sarangi

India is emerging as a key global supplier of clean fuels, with significant long-term agreements for green ammonia and methanol to Japan. These deals, involving ACME Group and Japanese corporations, underscore India's growing role in international green hydrogen value chains. The nation's cost-competitive production capabilities are set to bolster global decarbonization efforts and energy security, as highlighted by Japan's Ministry of Economy, Trade and Industry.

State oil companies lose ₹75,000 cr in Q1 on low prices: Oil minister Hardeep Singh Puri

State-run oil companies reported a significant loss of ₹74,781 crore in the April-June quarter due to selling fuel below market rates. Despite a global crude price drop, domestic pump prices remain unchanged as refiners process higher-priced crude. A reduction in retail fuel prices may be considered if current crude prices persist, while bulk diesel prices have narrowed the gap with retail rates.

Coloured gemstones prices rise 20% as demand surges; gold, silver prices decline

Coloured gemstone jewellery is seeing a surge in popularity, with prices rising 20% year-on-year as affluent consumers favour these vibrant pieces over traditional gold and diamond items. This trend, driven by global influences and celebrity endorsements, has boosted demand by 30%, prompting jewellers to expand their inventories for the upcoming festive and wedding seasons.

Trade Setup For July 3: Nifty Bulls Eye 24,250 Breakout As IT Stocks Rebound | Key Levels To Watch

Analysts expects Indian equities to continue their gradual upmove, supported by favourable global developments.

US ‘meritocratic’ made rise possible: Indra Nooyi says, ‘would never be Pepsi CEO in any other country, including India’

Indra Nooyi, former PepsiCo CEO believes that the US meritocratic system, enabled her rise. Speaking to former US Secretary of State Condoleezza Rice, Nooyi said she never would have been “a chief executive of a global company in any other country, including India”.             

Union Bank of India Q1 Update: Global business up 8%, deposits rise 4% YoY

Shares of Union Bank of India Ltd ended at ₹174.40, down by ₹0.45, or 0.26%, on the BSE.