Market News

Kahneman: Purchase Price Should Not Drive Selling Decisions

Nobel laureate Daniel Kahneman highlighted how investors often make flawed decisions by anchoring to purchase prices, holding losers while selling winners prematurely. The insight underscores the importance of evaluating portfolio positions based on future fundamentals and role rather than historical entry prices.

Nasdaq Futures Surge 2% on Easing Chip Outlook, Inflation Data Pending

Nasdaq futures climbed 2% as semiconductor sector concerns eased, while markets await key inflation data that could influence Federal Reserve policy decisions. The chip sector optimism reflects broader relief about artificial intelligence sustainability concerns among investors.

Oil slide powers India's stock benchmarks to longest weekly winning run

Indian stock markets achieved their longest winning streak in seven months, driven by falling crude oil prices and measures to strengthen the rupee and attract foreign investment. The Reserve Bank of India's dovish monetary policy stance and strength in pharma and financial sectors further bolstered investor confidence.

Advit Jewels IPO closes at 212x subscription, strongest of 2026

Advit Jewels' initial public offering achieved 212.62 times subscription, becoming the most sought-after IPO in 2026, with strong demand across all investor categories and a grey market premium around 41%. The overwhelming response underscores investor confidence in the Jaipur-based jewellery maker's business prospects.

Global chip stocks surge as Micron results reignite AI rally

Global semiconductor stocks rallied on Thursday following Micron Technology's strong financial results and optimistic outlook, particularly for AI-driven demand sectors. The positive performance has lifted major chip manufacturers across US, European, and Asian markets, signaling continued strength in the semiconductor industry.

Nasdaq Futures Surge 2% as Chip Outlook Eases AI Concerns

Nasdaq futures jumped 2.24% following strong AI demand forecasts from memory chip makers Micron and Qualcomm, with both stocks rallying in pre-market trading. Indian markets are positioned for a positive open as investors await US inflation data that could sustain the momentum and address interest rate concerns.

Rupee rises on oil decline and foreign inflows amid holiday closures

The Indian rupee gained slightly this week as falling oil prices and anticipated foreign investment inflows supported the currency, though importer demand initially limited gains. The currency also benefited from reduced short-seller positions, with investors watching US inflation data for clues on interest rate policy direction.

Indian housing sales surge 19% in Apr-Jun across major cities

Indian housing sales climbed 19% to exceed 1.12 lakh units in the April-June quarter across nine cities, according to PropEquity data, despite global economic headwinds. The robust performance reflects strong domestic demand and economic resilience, with new property supply also rising 43% and activity concentrated in key markets including Bengaluru, Mumbai, and Navi Mumbai.

Sensex closes 109 points higher, Nifty above 24,050

Indian stock markets closed with modest gains on Sensex monthly expiry day, with the Sensex adding 109 points to 77,100.47 and Nifty 50 climbing 34 points to 24,056. Strong performances from IndiGo, M&M, and Maruti Suzuki supported the indices, though the broader market dipped into negative territory and both indices erased significant intraday advances.

Nifty poised for 24,500 as crude falls and rupee stabilizes

According to ICICI Direct's Dharmesh Shah, Indian equity markets are positioned for further gains with the Nifty index targeting 24,500, supported by declining crude oil prices and rupee stability. Shah identifies Mahindra & Mahindra and Larsen & Toubro as top stock picks with upside potential.

InCred Issues Sell Signal on Indian Aluminium Stocks

InCred Equities has turned bearish on India's aluminium sector, recommending investors exit positions in stocks like Vedanta Aluminium, Hindalco, and NALCO, citing potential downside of 30–40%. The brokerage argues the market misvalues aluminium by treating it as supply-constrained when its highly recyclable nature should reduce pricing power.

India's CDMO sector positioned for growth as pharma diversifies from China

Indian contract development and manufacturing organizations (CDMOs) are expected to experience significant expansion as global pharmaceutical companies shift sourcing away from China, according to industry reports. The shift represents a structural supply-chain realignment that could establish India as a key alternative manufacturing hub, though regulatory timelines suggest gains will materialize gradually.

Big Four Auditors Dominate India's FY26 Audit Market

EY, KPMG, and Deloitte maintained their leading positions among India's top auditors in FY26 by volume of companies audited and market capitalisation exposure, according to reports. The finding highlights ongoing concentration in India's audit market, with auditor exits and tenure completions indicating continued structural shifts.

India Poised for Major Recovery as Foreign Investors Return

BlackRock's Ben Powell indicates India's equity markets are at the beginning of a significant rebound, driven by normalizing oil prices and renewed appreciation of the country's long-term growth potential. Powell suggests current valuations present compelling opportunities for investors entering the market early in this recovery cycle.

13 BSE 500 stocks surge 70-200% in three months amid market rally

Thirteen stocks from the BSE 500 index delivered exceptional returns ranging from 70 to 200 percent over a three-month period, with HFCL leading the rally, according to market reports. The surge reflects broader market strength that has created significant wealth-creation opportunities for investors despite prevailing market volatility.

Madhusudan Kela-backed fund acquires stake in IPO-bound Steamhouse India

Ace investor Madhusudan Kela's funds and Niveshaay Sambhav Fund have invested Rs 49.99 crore in Steamhouse India through a pre-IPO placement, acquiring nearly 3% equity stake. The investment signals confidence in the Surat-based industrial steam supply company ahead of its planned initial public offering.

India's institutional real estate investments surge 23% to $4.3B in H1 2026

India's institutional real estate investments jumped 23% to $4.3 billion in the first half of 2026, with domestic capital reaching a record 64% share of total investments, according to JLL data. The office sector led growth with $2.3 billion in investments, while private equity and REITs emerged as key growth drivers in what the market indicated signals increasing maturity of India's real estate sector.

European Shares Gain as Micron Forecast Revives AI Rally

European markets opened with gains driven by technology stocks, as strong forecasts from US chipmakers Micron and Qualcomm eased concerns about inflated valuations and reignited the artificial intelligence investment rally. Falling oil prices and positive momentum in easyJet shares added to the upbeat market sentiment.

Nikkei hits record closing high as AI stocks surge on Micron outlook

Tokyo's Nikkei index reached a record closing high with a surge exceeding 4% on Thursday, driven by a rally in artificial intelligence-related stocks following an optimistic earnings forecast from Micron Technology. The gains were concentrated in chipmakers and technology shares, while energy stocks declined alongside falling oil prices.

Bitcoin Slides Toward $61,000 Amid Profit-Taking and Risk Aversion

Bitcoin approached the $61,000 level as investors engaged in profit-taking and cautious sentiment gripped cryptocurrency markets, with major tokens experiencing broader weakness. Despite the pullback, analysts pointed to sustained institutional participation and long-term adoption trends as underlying support for the sector despite near-term volatility concerns.