Market News

SpaceX Shares Surge 19% in Historic Nasdaq Debut, Valuation Tops $2 Trillion

SpaceX completed its Nasdaq initial public offering with shares closing 19% higher on their first day of trading, according to reports, with the company's valuation surging past $2 trillion and the offering raising $75 billion. The debut made SpaceX the sixth-largest U.S. company by market capitalization, attracting both institutional and retail investors despite the company's reported losses in the prior year.

US Stocks Rise on Iran Peace Deal Hopes, SpaceX Historic Debut

U.S. equities advanced Friday as diplomatic progress on Iran negotiations eased inflation concerns, while SpaceX's market debut surged above its IPO price, driving investor sentiment. The strong performance in space stocks offset modest pullbacks in other sectors, signaling renewed risk appetite amid geopolitical optimism.

Sebi Plans Unified Price Band Across Indian Bourses

India's Securities and Exchange Board (Sebi) is implementing a unified price band system to regulate stock price limits and reduce pricing variations across exchanges for less liquid stocks. The initiative aims to improve pricing fairness and enhance the trading experience for retail and institutional investors.

SpaceX IPO Launch Tests Market Appetite for AI-Era Growth

SpaceX's highly anticipated initial public offering is attracting record investor bids, marking a significant test of market demand for major technology companies amid the ongoing AI boom. The offering's success is expected to influence valuation expectations and IPO timing for other high-profile AI firms including OpenAI and Anthropic.

Dollar Steadies on Ceasefire Prospects as PPI Eases Fed Pressure

The U.S. dollar strengthened following President Trump's decision to cancel planned attacks on Iran, signaling potential ceasefire developments and triggering a decline in Brent crude prices. U.S. producer price data came in below expectations, reducing inflation concerns and prompting market expectations to shift toward a December Federal Reserve rate decision.

Oil Extends Losses as Trump Calls Off Planned Iran Strikes

Oil prices declined on Friday following U.S. President Trump's cancellation of planned military strikes against Iran, reducing geopolitical risk premiums that had supported crude markets. Brent crude fell 1.3% and WTI crude declined 1.4%, while the Strait of Hormuz remained open to commercial shipping despite earlier Iranian threats.

Japan's Nikkei Surges 4% on Middle East Peace Hopes

Japan's Nikkei share average jumped over 4% on Friday following reports that U.S. President Trump canceled planned strikes against Iran, boosting investor sentiment around potential de-escalation in the Middle East. Technology stocks, including chipmakers Advantest and Tokyo Electron, led the gains, with the broader Topix index also recording significant increases.

Indian stocks close lower on weekly expiry amid global weakness

Indian equity markets closed lower on weekly expiry day amid weak global cues and selling pressure on every rise, with block deals in GNG Electronics and Lenskart among key developments. The performance saw attention on support levels and significant corporate actions including Vedanta's demerger and Infosys's CMMI AIM Framework contribution.

Gift Nifty rises 200 pts on positive global cues despite geopolitical tensions

Gift Nifty signaled a positive market opening with a nearly 200-point rise, though Indian equities faced profit-taking pressure in the previous session due to rising geopolitical concerns. The benchmark index is consolidating between 23,000 and 23,550 as traders await a clear directional breakout.

Asian stocks surge on Middle East peace hopes as oil hits two-month lows

Asian equities rallied amid reports of potential Middle East peace breakthrough and anticipated SpaceX IPO valuation at $75 billion, while oil prices fell to two-month lows on easing geopolitical tensions. The developments suggest reduced inflation pressures and improved risk sentiment across regional markets.

US stocks rally on Iran tensions easing, Nasdaq gains over 2%

Wall Street surged Thursday as President Trump signaled a potential Iran deal and called off military strikes, easing oil prices and bolstering equities across major indexes. The market demonstrated resilience despite inflation concerns, with anticipation building around an upcoming SpaceX IPO debut.

SpaceX set for record $75B Nasdaq IPO at $135 per share

SpaceX is scheduled to list on Nasdaq with shares priced at $135, targeting a valuation near $1.8 trillion in what would be the largest IPO on record, raising approximately $75 billion. The offering, which includes Musk's xAI and X platforms, is reportedly oversubscribed with significant allocation reserved for retail investors.

SpaceX prices record $75 billion IPO at $135 per share

SpaceX has completed a record-breaking U.S. IPO priced at $135 per share, raising $75 billion and valuing the aerospace company at $1.77 trillion. The offering, which included significant retail allocation, establishes SpaceX as one of the world's most valuable companies despite ongoing questions about its valuation.

BlackRock eyes $5 billion stake in SpaceX IPO

BlackRock has sought to purchase at least $5 billion worth of shares in SpaceX's initial public offering, according to reports citing people familiar with the matter. The move underscores strong institutional investor interest in Elon Musk's space venture ahead of its anticipated market debut.

Indian Equities End Lower on Expiry-Day Volatility, Geopolitical Concerns

Indian stock markets experienced sharp swings and closed lower amid expiry-day volatility and rising geopolitical concerns. Profit booking in broader markets and weakness in IT stocks weighed on sentiment, though banking and pharma shares provided some support.

Allied Blenders, JB Chemicals Recommended as Markets Stabilize

Indian domestic markets recovered modestly Friday as oil prices eased and selective buying emerged in banking and pharmaceutical stocks. Analysts recommended Allied Blenders and JB Chemicals based on strong technical breakouts and rising trading volumes despite broader market consolidation.

Vedanta's Four Demerged Businesses List on Indian Exchanges

Vedanta's four spin-off companies commence trading on Indian exchanges on June 15, marking the completion of a major corporate demerger. The listings are intended to unlock shareholder value and enable each standalone entity to pursue independent, sector-specific growth strategies.

Goldman Sachs, Morgan Stanley buy stake in Rs 1,960 crore Lenskart deal

An ADIA-backed trust sold a 2.3% stake in Indian eyewear retailer Lenskart through a Rs 1,960 crore block deal that drew participation from major global and domestic financial institutions. The transaction signals continued investor confidence in the company's growth trajectory in the competitive online eyewear market.

Goldman Sachs Invests in GNG Electronics via Rs 175 Crore Block Deal

GNG Electronics underwent a Rs 175 crore block deal in which promoter Vidhi Khandelwal sold shares to domestic mutual funds and foreign investors, including Goldman Sachs. The transaction reflects institutional confidence in the company's market position in refurbished electronics and its growth trajectory.

Oracle shares tumble 12% on AI spending and debt concerns

Oracle's stock fell sharply on Thursday as investors reacted negatively to the company's escalating debt and substantial spending commitments in the artificial intelligence infrastructure sector. The decline reflects market concerns about Oracle's ability to compete effectively against larger rivals like Amazon and Microsoft while managing increased financial obligations.