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Julius Baer keeps India allocation low amid AI, oil concerns
Julius Baer Global CIO Yves Bonzon says AI infrastructure spending by US hyperscalers is the single most important number to watch in markets, and that the upcoming wave of major US IPOs will be a key test of market appetite. He calls India a small, anti-AI and anti-oil allocation for now, warns of risks from the West Asia war, and says the memory chip trade underpinning Korea's rally remains fundamentally intact despite short-term volatility.
Rupee at all-time low: How a weak currency could impact your wallet
Indian rupee hits record lows against US dollar as crude oil tops 100, raising import costs, threatening higher prices for fuel, travel and goods, while exporters and remittance earners gain
GIFT Nifty up 100 points: Sensex, Nifty eye positive start as Crude slips below $110 - financialexpress.com
GIFT Nifty up 100 points: Sensex, Nifty eye positive start as Crude slips below $110financialexpress.com
Positive cues from GIFT Nifty point to higher opening for D-Street
Markets are expected to remain event-driven with persistent volatility due to elevated crude oil prices, a weakening rupee, rising bond yields, and inflationary concerns. Despite resilient domestic earnings, investors are wary of the second-order impacts on inflation and the RBI's policy. The India VIX rose to 19.63, indicating market fear.
Ahead of Market: 10 things that will decide stock market action on Tuesday
Indian indices were subdued with Nifty up 0.03% and Sensex down 0.10%. High volatility (VIX at 19.63) and bearish momentum indicators suggest near-term weakness. Analysts expect Nifty to trade between 23,300–23,800, with resistance near 23,650 and key selling pressure visible.
Market Trading Guide: Buy PB Fintech, GE Shipping on Tuesday for gains up to 12%
Nifty recovered but volatility persists, with resistance at 23,650. Analysts recommend buying PB Fintech (Policybazaar) at Rs 1,749 for an 8% upside and GE Shipping at Rs 1,700 for a 12% upside, citing strong technical breakouts and momentum.
Sensex recovers 1,100 points from day’s low: Why the stock market made a stunning comeback - theweek.in
Sensex recovers 1,100 points from day’s low: Why the stock market made a stunning comebacktheweek.in
INR slumps to fresh record lows amid rising oil prices fuelled by ongoing geopolitical tensions
The Indian rupee weakened further and closed at a record low of 96.35 (provisional) against the US dollar on Monday, pressured by rising crude oil prices on the back of ongoing geopolitical tensions and a strong dollar. During the day, the counter hit a low of 96.39. The global market sentiments continue to dampen amid simmering tensions between the US and Iran. Moreover, emerging market economies, including India, continue to feel the pressure of rising crude oil prices, as elevated rates increase the outflows of US dollars, along with the outflows already happening due to FPIs. Meanwhile, Indian shares ended little changed on Monday, after having suffered heavy losses earlier in the session on rising Middle East tensions and economic concerns. The benchmark BSE Sensex rebounded over 1,100 points from the day's lows before closing 77.05 points, or 0.10 percent, higher at 75,315.04.The NSE Nifty index also fell up to 1.3 percent in early trading before recovering to close up 6.45 ...
Markets rebound sharply: Sensex recovers 1,100 points from day’s low, Nifty closes near 23,650
Sensex rose 1,100 points from its day’s low to close at 75,315, and Nifty 50 gained 333 points from its day’s low to end the session at 23,650. At close, Sensex was up 77 points and Nifty was up 6 points from Friday’s closing levels.
Top Gainers & Losers on May 18: Gland Pharma, Coforge, PB Fintech, BSE, Voltas, Bharti Airtel among top gainers
Indian stocks marginally gained on May 18, driven by strong tech buying and pharma support, with Nifty 50 up 0.03% at 23,649 and BSE Sensex at 75,263. However, the broader market faced pressure as Nifty Midcap 100 and Nifty Smallcap 100 fell.
Stock market today: Sensex ends over 1,100 points higher from day's low; Nifty 50 near 23,650 - Mint
Stock market today: Sensex ends over 1,100 points higher from day's low; Nifty 50 near 23,650Mint
Nifty Bank falls 500 points as PNB, Canara Bank, SBI, other stocks decline up to 3%. What lies ahead?
Indian bank stocks tumbled, dragging the Nifty Bank index down as a weakening rupee and rising global bond yields soured market sentiment. Several major banks saw significant declines, with analysts pointing to key technical levels. The rupee hit an all-time low against the dollar, exacerbating concerns for the financial sector.