Market News

Pakistan's Gen Z fuels stock market surge with 41% of new accounts

Pakistan's Generation Z investors accounted for 41% of new stock exchange account openings in fiscal year 2025-26, according to stock market managers, signaling a notable shift in retail participation. The surge reflects improved investor confidence driven by strong market returns, IMF support, and increased foreign deposits, though overall investment levels remain modest compared to neighboring countries.

HDFC Mutual Fund acquires 10 lakh Global Health shares for Rs 130 crore

HDFC Mutual Fund has purchased an additional 10 lakh shares of Global Health, the operator of Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore, representing a 0.37% stake. The transaction follows a prior acquisition last month and comes as Global Health reported a 39.7% year-on-year increase in fourth-quarter profit after tax to Rs 141.7 crore.

Copper Rebounds on Bargain Hunting, Weaker Dollar

Copper prices recovered on Thursday as investors capitalized on lower valuations, supported by a weakening dollar and improved market sentiment driven by strong technology earnings. Other base metals including aluminium, nickel, zinc, lead, and tin also posted gains despite ongoing headwinds from elevated U.S. interest rate expectations.

Micron surges 19%, overtakes Meta in market value amid AI demand

Memory chip giant Micron Technology has surpassed Meta Platforms in market capitalization for the first time, driven by strong fourth-quarter results and robust demand for AI infrastructure. The company's shares gained 19% on the back of $22 billion in customer commitments for chip supplies, signaling a major shift in technology sector valuations.

US Stocks Rise on Micron AI Optimism, Strong Economic Data

US stock indexes moved higher on Thursday, driven by technology stocks following positive forecasts from Micron and Qualcomm that renewed artificial intelligence enthusiasm, while encouraging economic data further bolstered market sentiment. The combination of upbeat corporate guidance and macroeconomic strength reinforced broader investor confidence in the market outlook.

Sebi seeks clarification from Jio Platforms on IPO filing

India's capital markets regulator Sebi has requested clarifications from Jio Platforms regarding its draft IPO papers, signaling progress toward what could be the nation's largest public offering. The company aims to raise approximately Rs 35,000 crore, primarily for debt repayment and expansion initiatives under parent company Reliance Industries.

Sebi resolves over 5,500 investor complaints in May via SCORES

India's Securities and Exchange Board (Sebi) resolved more than 5,500 investor complaints during May through its upgraded SCORES platform, while receiving nearly 5,000 new grievances during the same period. The regulator's enhanced grievance system achieved an average response time of five days from entities, demonstrating improved operational efficiency in investor protection.

Dollar Hits 13-Month Highs on Fed Rate Hike Expectations

The US dollar has surged to 13-month highs, approaching its largest monthly gain in a year, driven by market expectations of upcoming Federal Reserve rate hikes. The rally has simultaneously pushed the euro, pound, and yen to their respective lows, with the pound and yen hitting seven-month and 40-year lows respectively.

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.