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Stock market today: Gift Nifty signals gap-up start; election results, India VIX to Q4 results — 7 stocks to buy or sell
Stock market today: Experts recommend these eight stocks to buy today —Sona Blw Precision Forgings, Sai Life Sciences, Reliance, SAIL, GPPL, Thermax, and Tata Capital
Global markets turn selective as AI, oil and capital flows drive divergence: Manulife Investments
Marc Franklin, Deputy Head of Multi Asset Solutions, Asia at Manulife Investments explains how AI investments, rising oil prices and shifting capital flows are driving divergence across global equity markets.
INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
Stocks to Watch for April 24: Infosys, Tata Capital, LTM, Adani Energy Solutions, Cyient and more
Infosys, LTIMindtree, Tata Capital, Adani Energy Solutions, Cyient, Mahindra Logistics and Himadri Speciality Chemical post mixed Q4, key earnings from Reliance and others due April 24. Here are few stocks to keep an eye on ahead of Friday's trading session.
INR weakens near Rs 94 per dollar mark amid resurgence in oil prices
The Indian rupee weakened for the third straight session, losing 39 paise to settle at 93.83 (provisional) against the US dollar on Wednesday as oil prices resumed surge amid uncertainty on US-Iran peace talks eroded hopes of easing West Asia conflict. Intense selling in domestic equity markets and sustained outflow of foreign capital also weighed on the Indian currency. Indian shares fell sharply on Wednesday, with stalled U.S.-Iran peace talks, somewhat hawkish comments from Federal Reserve nominee Kevin Warsh at a Senate confirmation hearing, and a disappointing set of numbers for the fourth quarter from IT major HCL Technologies weighing on sentiment. The Sensex settled 757 points or 0.95% lower at 78,516, while the Nifty 50 ended 198 points or 0.8% lower at 24,378. At the interbank foreign exchange market, the rupee opened at 93.69 and touched an intraday low of 93.87 against the greenback during the session, nearing the 94 level and its lowest level in three weeks.
Power emerges as top bet on AI boom, says Gautam Trivedi; stays away from IT
Global investors remain cautious on India amid oil price pressures and rupee volatility, says Gautam Trivedi, Co-Founder of Nepean Capital, even as select sectors offer bottom-up opportunities.
Manishi Raychaudhuri bets on private banks, metals, consumption plays
Manishi Raychaudhuri, Chief Executive Officer, Emmer Capital Partners, said global focus is shifting to energy security and alternative energy due to supply risks. He noted markets may be underestimating uncertainty, particularly around crude oil. For India, elevated oil prices could affect inflation and policy choices.
Rupee edges higher against dollar, but oil volatility limits gains
Rupee opens slightly stronger at 92.83 per dollar after RBI support, but upside seen limited amid volatile oil, fragile West Asia ceasefire and cautious capital flows.
INR recovers on falling oil prices amid hopes of truce in West Asia
The Indian rupee strengthened by 20 paise to settle at 93.10 (provisional) against the US dollar on Thursday, following a decline in global crude oil prices amid hopes of a truce in West Asia. Dollar pull back to seven week low also supported gains in the counter. However, sustained outflow of foreign capital amid increased dollar demand from importers capped the gain in the local currency. Indian stocks turned weak on Thursday as investors chose to take some profits, cashing in recent gains. Stocks climbed higher early on in the session amid hopes U.S. and Iran will agree on a peace deal later this week. At the interbank foreign exchange market, the rupee opened at 93.29 and touched an intraday high of 93.16 against the greenback. It also fell to the day's low of 93.35.
Dipan Mehta advises caution amid global risks; sees opportunity in Ambuja Cements
Dipan Mehta of Elixir Equities remains cautious on equities despite a recent recovery, citing risks from West Asia tensions, crude oil prices, inflation, and monsoon uncertainty. He expects the full impact to reflect in the June quarter and advises waiting for earnings clarity. He remains positive on cement, especially Ambuja Cements. Among capital market plays, he prefers MCX due to strong volumes in gold and crude, and also likes wealth firms such as Anand Rathi Wealth, 360 ONE WAM, and Nuvama for their stable annuity revenues. Disclaimer: The views and investment tips expressed by investment experts on CNBCTV18.com are their own and not that of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Record foreign capital outflows from India's stock market amid dual pressures of growth and oil prices. - Moomoo
Record foreign capital outflows from India's stock market amid dual pressures of growth and oil prices.Moomoo
INR slips back beyond Rs 93 per dollar mark amid volatile geopolitical situation; RBI in focus
The Indian rupee depreciated around 20 paise to close beyond Rs 93 mark against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. The USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Nevertheless, Indian shares recovered from an early slide to end notably higher on Tuesday as the clock ticked towards a deadline that U.S. President Donald Trump has set to bomb Iranian power plants if it does not open the Strait of Hormuz. Benchmark indexes Sensex and Nifty extended gains for a fourth consecutive session despite Trump describing a "significant proposal" received from Iran as "not good enough" and threatening to decimate Iran within four hours if it did not agree to a deal by Tuesday night. Moreover, market participants ...