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Swiggy Teams Up With Zerodha Fund House To Enable Mutual Fund Investments For Gig Workers
Swiggy partners Zerodha Fund House to let delivery partners invest in mutual funds from Rs 100.
Sensex trades on choppy note, Nifty below 24,100 as IT stocks drag benchmarks lower
Indian stock markets saw a subdued trading session on Tuesday, with the Sensex and Nifty experiencing minor dips, primarily due to losses in IT stocks. Broader market indices, however, showed resilience. Analysts point to improving West Asian peace prospects and falling crude oil prices as positive for economic growth, though concerns remain about the monsoon's performance. Global cues, particularly the US Federal Reserve's upcoming commentary, will be closely watched.
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.
Easing West Asia tensions boost IPO activity, 3 issues to open next week
The primary market is showing signs of revival as improving geopolitical conditions in West Asia have boosted investor sentiment, prompting three mainboard IPO launches next week and paving the way for more public issues in the pipeline. Cordelia Cruises operator Waterways Leisure Tourism, Jaipur-based jewellery manufacturer Advit Jewels, and IT solutions provider CSM Technologies will launch their maiden public issues over the next few days, while packaging solutions provider Knack Packaging is expected to announce its price band. Quick commerce unicorn Zepto is looking to raise over Rs 10,000 crore, and the country's largest fund house, SBI Mutual Fund, plans to launch its Rs 13,000-crore public issue next month, according to people familiar with the development. In June, CMR Green Technologies and Hexagon Nutrition have already launched their IPOs, while the public issue of insurtech unicorn Turtlemint Fintech Solutions is currently underway. Adding to the momentum, the National
Affordable housing, rental expansion and RERA Reforms set to define next growth phase in India's urban region: Report
India's housing sector is set for a major overhaul, driven by urbanization and policy shifts. A KPMG report highlights the urgent need for affordable housing, especially for lower-income groups, by addressing land costs and approval delays. The rise of rental housing as a formal asset class is also emphasized, alongside crucial reforms to boost trust and efficiency in the real estate regulatory framework, ensuring project completion and buyer protection.
IT nightmare on loop, Accenture's 20% fall highlights AI disruption
Indian tech stocks experienced a sharp decline Friday, mirroring a significant drop in global IT giant Accenture due to weaker-than-expected revenue and order forecasts. The Nifty IT index plunged over 6%, with major players like Infosys and TCS seeing substantial losses. Analysts suggest valuations are now attractive but future growth remains uncertain amid AI advancements, advising caution for investors.
Market snaps five-day rally as IT rout drags Nifty below 24,050
The domestic equity benchmarks ended sharply lower on Friday, snapping a five-session winning streak. The Nifty slipped below the 24,050 mark as a steep sell-off in IT stocks weighed on sentiment. Technology shares came under pressure after Accenture trimmed its revenue growth guidance and flagged weak demand visibility, raising concerns about global IT spending. Healthcare and pharma stocks, however, bucked the broader weakness. Investor sentiment was further affected by continued FII selling, weak global cues and rising geopolitical tensions in the Middle East. Profit booking following the recent market rally also added to the downside pressure.
BFSI and oil & gas bear the brunt as foreign investors pull funds from India
Global fund managers are dumping Indian banking and oil stocks to chase AI and semiconductor opportunities in the US and East Asia. While India boasts strong loan growth, geopolitical oil volatility and compressed margins have driven foreign investors to look for better returns elsewhere.
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.
Defence shares gain momentum on strong production and growth outlook
Indian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase from the previous year. This growth, driven by policy push and rising global demand, has led to a strong rally in defence companies and the Nifty Defence Index, which is up 23% year-to-date.
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.