Market News

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.

SEBI Proposes Uniform Pricing Mechanism for Illiquid Stocks

India's market regulator SEBI is proposing a new system to ensure illiquid stocks trade at consistent prices across multiple exchanges by using the active exchange's closing price as a reference for the inactive exchange's next trading session. The measure aims to improve price discovery and liquidity while making trading in less frequently traded shares more efficient for investors.

SpaceX IPO Attracts Over $70B in Retail Orders

SpaceX's anticipated IPO has generated more than $70 billion in retail investment orders, according to reports, with retail investors set to receive at least 20% of available shares. The strong demand signals considerable investor appetite for the aerospace and space technology company's public debut.

US stocks open higher as tech rebound attracts investors

U.S. equity markets opened with gains on Thursday, driven by investor interest in technology shares, while geopolitical developments in the Middle East remain a focus for traders. The Dow Jones Industrial Average, S&P 500, and Nasdaq Composite all advanced at the opening bell.

ECB Raises Rates 25bp to 2.25% in First Hike Since 2023

The European Central Bank increased its benchmark interest rate by 25 basis points to 2.25 percent, marking its first rate hike since 2023, as it seeks to address rising inflation pressures linked to Middle East geopolitical tensions and energy shocks. The decision came alongside a downward revision to the ECB's eurozone growth forecast, reflecting the central bank's balancing act between inflation control and economic support.

Oppenheimer Launches Wall Street's First SpaceX Coverage With Bullish Outlook

Oppenheimer has initiated coverage of SpaceX with an 'outperform' rating and a $190 price target ahead of the company's anticipated market debut. The brokerage views SpaceX as a unique artificial intelligence company, identifying Starlink as a major cash generator with significant near-term potential and the AI business contributing substantially over time.

Selective Buying Approach Trumps Forced Action in Overvalued Markets

Investor Arnold Van Den Berg advocates for restraint when markets lack compelling investment opportunities, suggesting that holding cash is preferable to deploying capital into overvalued assets. The philosophy emphasizes patience and capital preservation as essential strategies during periods of limited value.

India sees $3 billion debt fundraising rush as yields slump after RBI moves

Indian companies are accelerating short-term debt fundraising following Reserve Bank of India actions that have reduced borrowing costs significantly. Non-banking financial firms are leading the surge in bond issuances, with corporate yields declining to attractive levels for long-term investors.

US Futures Rise as Tech Rebounds, Middle East Tensions Ease

U.S. stock index futures moved higher following a recovery in technology stocks and signs of de-escalation in Middle East tensions, according to market reports. The developments suggest investor appetite for risk assets may be strengthening after prior period weakness.

India bonds rally on easing oil prices; auction and inflation data loom

Indian government bonds closed higher on Thursday as falling oil prices eased concerns about the U.S.-Iran crisis, while the Reserve Bank of India took steps to attract foreign investors and support the rupee. Market participants are now focused on Friday's debt auction and upcoming inflation figures.

Seven BSE 500 stocks hit 52-week highs amid strong buying

Seven BSE 500 stocks, including Honasa Consumer, Aegis Logistics, and Gland Pharma, reached fresh 52-week highs with gains up to 35% over the past month despite broader market weakness. The rally reflects strong investor buying interest in selected midcap and smallcap securities.

Six Stocks Held by Single MF Scheme Show Up to 60% Gains in CY26

An ETMarkets analysis identified six stocks held exclusively by a single mutual fund scheme as of May 2026, with select positions surging up to 62% in calendar year 2026. The study filtered 189 concentrated holdings down to 28 stocks, revealing concentrated bets by Indian fund houses across different market segments.

Citi Cuts Nifty Target to 26,000 Amid Macro Headwinds

Citigroup Research reduced its Nifty 50 index target to 26,000, citing earnings risks from geopolitical tensions and other macroeconomic concerns including El Niño and artificial intelligence-related challenges. Despite the near-term caution, Citi maintained a constructive medium-term view on Indian equities, highlighting structural support from low foreign investor saturation and robust domestic inflows.

Oil India among 5 F&O stocks with sharp rise in futures open interest

Five stocks on the NSE Futures and Options segment, including Oil India, registered a notable surge in futures open interest as of June 10, with the group contributing to a total increase exceeding 7% compared to the previous trading session. The spike in open interest typically signals growing trader positioning and heightened derivative activity in these securities.

India's AI index outperforms Mag-7; Ved urges focus on AI adoption

Hiren Ved, Director and CIO of Alchemy Capital Management, argues that India is experiencing an 'Opportunity Kaal' rather than an AI drought, with the country's AI index beating the Mag-7 plus Nvidia. Ved contends that companies aggressively adopting AI will significantly outpace competitors over the next five years, encouraging investors to identify firms effectively leveraging artificial intelligence.

ADIA to divest Rs 1,944 crore Lenskart stake following SoftBank exit

Abu Dhabi Investment Authority (ADIA) is divesting up to 2.3% of its stake in eyewear retailer Lenskart for approximately Rs 1,944 crore through a block deal at a discount to market price, following a recent significant stake sale by SoftBank. The move signals continued portfolio rebalancing among major investors in the Indian e-commerce retail sector.

SpaceX IPO targets $75B raise at $1.8T valuation amid profitability debate

SpaceX is preparing for a landmark initial public offering aiming to raise $75 billion at a $1.8 trillion valuation, drawing strong investor interest but also raising concerns about the company's path to profitability. The IPO's outcome could set the tone for future technology sector listings and influence investor appetite for high-growth, capital-intensive ventures.

Rupee projected at 96/USD for FY27 amid oil, dollar risks

Motilal Oswal projects the Indian rupee will average around 96 against the US dollar in the fiscal year 2027, though the outlook faces headwinds from dollar strength and crude oil price volatility. The forecast assumes that strong capital inflows and Reserve Bank of India intervention will cushion the rupee from sharper depreciation despite a widening trade deficit.