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INR appreciates near three-week high as oil retreats on ceasefire talks
The Indian rupee appreciated 53 paise to close at 95.05 (provisional) against the US dollar in early trade on Friday, as renewed optimism over the peace deal between the US and Iran boosted market sentiments. The domestic currency gained momentum near a three week high on an overnight decline in crude oil prices and a fall in the US dollar, after the US and Iran reached an understanding to extend the ceasefire for another 60 days although Trumps approval on the same is awaited. On Thursday, the US and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Meanwhile, BSE Sensex closed about 1.4% down at 74,775.7 on Friday, extending losses for a third session, restricting upside in the counter as investors remained cautious amid ongoing FII outflows, persistent geopolitical uncertainty and weaker-than-normal monsoon forecasts that could impact inflation.
Why stock market crashed today? Sensex sinks 1,100 points, Nifty below 23,550. 3 key factors
Indian stock markets experienced a sharp decline on Friday, with the Sensex and Nifty falling significantly due to persistent FII selling and other concerns. Key factors contributing to the downturn included uncertainties surrounding an Iran-US peace deal and the India Meteorological Department's prediction of an 11-year low rainfall in 2026.
NZ dollar climbs as RBNZ indicates need to increase OCR sooner and by more than envisaged
The New Zealand dollar firmed up on Wednesday after the central bank left OCR rates unchanged and signaled possibility of further rate hikes in futures. The OCR will most likely need to increase sooner and by more than envisaged in the February Monetary Policy Statement, RBNZ said in the statement. The pace of OCR increases will depend on the relative influence of persistent wage- and price-setting behaviour versus weaker economic activity on medium-term inflation pressures, it further noted. The Committee remains focused on ensuring that increased costs do not lead to elevated inflation over the medium term, while avoiding unnecessary economic volatility. The central bank also noted that New Zealands trading partners are expected to see weaker growth and higher inflation as global economic backdrop remains uncertain. Reserve Bank of New Zealand kept its official cash rate unchanged at 2.25% as expected. New Zealand dollar climbed 0.70% to around $0.587 this morning.
Gold, silver may remain rangebound as US-Iran talks near key stage
Gold prices are likely to remain range-bound in the coming week as traders await more clarity on the evolving US-Iran negotiations, while silver is expected to retain a positive bias amid persistent geopolitical uncertainty and elevated energy rates, analysts said. Apart from geopolitical developments, investors will also track US housing data, GDP numbers, consumer confidence readings and Personal Consumption Expenditure (PCE) inflation data for further clues on the Federal Reserve's policy outlook, they added. "Gold price momentum next week looks sideways, while silver still looks positive as focus will again be on the peace negotiations between the US and Iran to end the war," said Pranav Mer, Vice President, EBG - Commodity & Currency Research, JM Financial Services Ltd. Domestic futures markets will remain closed during the morning session on Thursday for Bakri Id. Gold futures rose marginally to close the previous week at Rs 1.58 lakh per 10 grams, while silver edged lower ..
Mcap of 6 most valued firms surges by ₹74,111 cr, Reliance biggest winner
The combined market valuation of 6 of the top-10 most valued firms surged by Rs 74,111.57 crore last week, with Reliance Industries emerging as the biggest gainer. Last week, the BSE benchmark climbed 177.36 points, or 0.23 per cent. "Markets ended the week with marginal gains amid a highly volatile and range-bound trading environment. Benchmark indices witnessed sharp intraday swings throughout the week, driven by persistent rupee weakness, mixed global cues, sectoral rotation, and continued uncertainty around inflation and interest rates," Ajit Mishra SVP, Research, Religare Broking Ltd, said. From the top-10 pack, Reliance Industries, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance, Larsen & Toubro, and Life Insurance Corporation of India (LIC) were the gainers, while HDFC Bank, Bharti Airtel, State Bank of India and Hindustan Unilever faced erosion from their valuation. Reliance Industries added Rs 24,696.89 crore, taking its market valuation to Rs 18,33,117.70 ...
Retail players can skip Central Bank of India OFS, say analysts, cite margin and earnings concerns
Retail investors are being urged by market analysts to steer clear of the government's shares sale in Central Bank of India. The bank's current margin issues and uncertain future profitability raise red flags. Despite the attractive discount on the offer price, experts forecast further share sales needed for compliance, leading to persistent sales pressure on the stock.
Sensex, Nifty end lower amid weak global cues
The key equity indices ended marginally lower on Thursday as reports of possible RBI intervention to defend the rupee unnerved investors. Reports indicated that the Reserve Bank of India is considering a range of measures to stabilise the currency, including a rate hike, additional currency swaps and raising dollars from overseas investors. Persistent FII selling and profit booking at elevated valuations further weighed on sentiment, while weak global cues added to the pressure. The Nifty slipped below the 23,700 mark, dragged down by steep losses in IT and FMCG stocks.
INR recovers from historic lows as oil pulls back; RBI announces $5 billion US Dollar/INR swap auction to defend rupee
The Indian rupee recovered well in opening trades on Thursday as global investors noted a slight pullback in crude oil prices over the recent comments on a potential final stage of the US-Iran conflict. INR opened at Rs 96.25 per dollar and hit a high of 96.05 so far during the day. Yesterday, the counter ended near the next critical level of 96.86, a new historic low. Meanwhile, in a major structural intervention to stabilise domestic financial markets, the Reserve Bank of India (RBI) has announced a $5 billion USD/INR buy-sell swap auction. Scheduled to take place next week on Tuesday, May 26, the central banks move is specifically engineered to inject durable, long-term Rupee liquidity into the commercial banking system. The Indian Rupee has faced persistent downward pressure, depreciating significantly against the American greenback in recent weeks due to ongoing global macroeconomic uncertainties and shifting foreign capital flows. By deploying this specialised monetary tool, ...
INR edges closer to a critical 97/$ threshold
The Indian rupee is seen in deep distress as the counter is moving towards breaking yet another key historic mark in opening trades on Wednesday. INR opened at Rs 96.89 per dollar and hit a low of 96.95 so far during the day. Yesterday, rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is turning to be Asia's worst-performing currency in 2026. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points
Gold Declines as Inflation Fears Fuel Interest Rate Hike Bets
Gold declined as persistent concerns over inflation fueled bets that global central banks may be forced to hike interest rates. Silver slumped to the lowest in nearly two weeks.
Gold to revisit record highs, Brent’s new floor seen at $85-95: Ole Hansen
Ole Hansen of Saxo Bank says crude oil markets are likely to remain structurally tight even if geopolitical tensions ease, while gold could scale fresh highs amid rising fiscal debt worries, de-dollarisation trends and persistent inflation concerns.
INR collapses to new historic lows driven by global conflicts and energy spikes
The Indian rupee slipped to a record low of 96.60 against the US dollar before settling at 96.52 (provisional) on Tuesday, weighed down by soaring crude oil prices, persistent foreign capital outflows, and a resilient dollar buoyed by global risk-aversion. The rupee is Asia's worst-performing currency in 2026, having tumbled to a historic intraday low of 96.60 against the US dollar. The currency has depreciated 1.5 per cent this month and more than 7 per cent so far this year. Rupee remains vulnerable to rising crude oil prices and the closure of the Strait of Hormuz. Meanwhile, the Indian equity benchmarks surrendered their early morning gains in a highly volatile trading session to settle marginally lower due to late profit-booking. The BSE Sensex declined 114.19 points (0.15%) to close at 75,200.85, while the NSE Nifty 50 slipped 31.95 points (0.14%) to finish at 23,618.00.