Market News
Stay updated with the latest market trends, earnings, and economic indicators.
INR loses momentum amid renewed concerns on war front that could trigger oil spike
The Indian rupee lost momentum in opening trades on Tuesday amid uncertainty surrounding West Asia crisis that could once again trigger a flight in oil prices. Rupee regained near two week high amid signs of easing tensions in the war region which led to a sharp slide in crude oil prices and retreat in dollar index. However, caution in equities and foreign flows are keeping sentiments at bay for the local unit. INR opened at Rs 95.43 per dollar and hit a high of 95.33 so far during the day. Yesterday, rupee appreciated 34 paise to close at 95.26 against the US dollar , registering the third straight session of gain, on optimism that the US and Iran were moving close to a peace deal even though they remained at odds over key issues, including blockades on the Strait of Hormuz. The NIFTY 50 and BSE Sensex indices opened for trading today at 24,004.10 and 76,224.14, respectively. Asian stock markets are trading mixed this morning, amid renewed uncertainty about a potential peace deal to
Nifty reclaims 24,000 as global risk appetite rebounds
The key equity benchmarks surged on Monday as plunging crude oil prices and rising hopes of a US-Iran peace deal sparked a powerful risk-on rally across global markets. Robust buying in banking and financial stocks propelled the Nifty decisively above the 24,000 mark, while broad-based momentum lifted all sectoral indices on the BSE into positive territory.
Top Gainers & Losers on May 25: HFCL, Adani Power, Eicher Motors, OLA, Tata Motors, HPCL among top gainers
Indian markets ended May 25 with strong gains, as Nifty 50 rose 1.4% and BSE Sensex climbed 1.42%, driven by falling oil prices and optimism for a US-Iran peace deal. Broader indices also showed positive trends amidst improved risk sentiment.
INR regains ground as oil prices retreat
The Indian rupee regained further ground in opening trades on Monday tracking sharp pullback in international oil prices and weakness in greenback overseas. Improving risk sentiments amid expectation of US and Iran peace deal is waning demand for the safe haven asset. The dollar index is seen trading under 99 mark at 98.98. Washington and Tehran have reportedly signaled progress in talks to end the war, even as US President Donald Trump said he wont rush into an agreement. INR opened at Rs 95.36 per dollar and hit a high of 95.20 so far during the day. Yesterday, the counter settled at 95.60. The BSE Sensex is trading at 76,302.90, surging by 887.55 points (1.18%), and the NSE Nifty 50 is at 23,962.35, climbing 243.05 points (1.02%) as of mid-morning. The markets rallied sharply following eased geopolitical tensions and dropping crude oil prices. .
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 ...
INR rebounds under Rs 96/$ mark tracking positive cues from local equities
The Indian rupee rose for the second consecutive session on Friday to close at 95.73 (provisional) against the US dollar on softening of crude oil prices and supposed intervention by the Reserve Bank. Markets found some comfort after comments from US Secretary of State Marco Rubio hinted that diplomatic talks linked to the Iran situation were moving in a constructive direction. Moreover, positive domestic equities and a decline in US treasury yields also supported the rupee. Indian shares ended modestly higher on Friday, giving up some early gains amid renewed optimism about U.S.-Iran talks. The NIFTY 50 and BSE Sensex settled higher, with the Sensex up 231.99 points (0.31%) to end at 75,415.35 and the NIFTY adding 64.60 points (0.27%) to close at 23,719.30.
Capital Group Builds $2 Billion Adani Bet In Pivot From Reliance
Capital Group bought nearly a 2% stake in Adani Ports and Special Economic Zone Ltd. for 74.86 billion rupees ($776 million) through open-market transactions, according to BSE block-deal data.
Capital Group builds $2 billion Adani bet in pivot from Reliance
The Capital Group has invested over $2 billion in three Adani Group firms in recent weeks. On May 5, it purchased nearly a 2% stake in for Rs 7,486 crore through open-market deals, as per BSE block-deal data.
INR rebounds well from historic lows as oil retreats from elevated levels; geopolitical risk and oil price sensitivity to cap upside
The Indian rupee rebounded 49 paise from its all-time closing low to settle at 96.37 against the US dollar on Thursday after crude oil prices retreated from elevated levels amid signs of easing geopolitical friction, alongside likely central bank intervention. Rupee had gained after the recent geopolitical developments, but investors are still gauging the geopolitical risk and oil price sensitivity in the background. The one-year forward market rate for the rupee touched the crucial 100/USD mark on Wednesday, indicating that currency markets are pricing in a weakening bias for the USD/INR pair over the next 12 months. Meanwhile, The Nifty 50 settled at 23,654.70 (down 4.30 points or 0.02%), while the BSE Sensex closed at 75,183.36 (down 135.03 points or 0.18%). The dollar index rose above 99.2 on Thursday, approaching again April-highs, as markets continued to track developments in the Middle East.
Mukesh Ambani's RIL-led $4 billion Jio IPO hits roadblock on US-Iran war impact: Report
Jio’s listing, the first public offering by a major Reliance unit in nearly two decades, would be a landmark event for India’s struggling capital markets. The plan got a major boost in March, when the government approved changes to listing requirements to facilitate the biggest deals.
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, ...
Oil may surge to $120/bbl if West Asia conflict drags on: Citi’s Drew Pettit
Oil can still rise to $120 a barrel, warns Drew Pettit, Director-US Equity Strategy/ETF Analysis & Strategy Research at Citi, who believes markets are underestimating the risk of a prolonged West Asia crisis. He says oil, not Fed policy, remains the key driver for global equities, inflation and risk assets. Pettit remains bullish on the AI boom, citing strong momentum in Nvidia, semiconductor and infrastructure plays, while favouring Korea and Taiwan over India in emerging markets.