Market News

Zinc prices surge to multi-year highs amid tight supplies

Zinc prices have climbed to multi-year highs driven by tight global inventories, rising production costs, and supply disruptions, according to reports. While long-term demand from infrastructure and renewable energy projects supports the outlook, potential increases in mine supply and slower construction activity could create near-term volatility.

Analyst bullish on Indian autos, picks Maruti Suzuki and Samvardhana

Siddhartha Khemka recommends Maruti Suzuki and Samvardhana Motherson despite mixed sector performance in FY27, citing strong growth visibility and improving operational metrics. The Indian auto sector showed resilience in passenger vehicles and tractors while two-wheelers and commercial vehicles faced headwinds in the fiscal year's opening.

Gautam Adani Reclaims Asia's Richest Person Title After Stock Rally

Gautam Adani has regained the position of Asia's richest person with a net worth of $89.2 billion, surpassing Mukesh Ambani and SoftBank's Masayoshi Son, driven by a strong rally in Adani Group stocks. The surge reflects the continued momentum in key Adani holdings as the group's shares extend their 2026 gains.

SpaceX IPO Sparks Retail Investor Appetite Across Europe

European retail investors are showing significant interest in an upcoming SpaceX initial public offering, with multiple platforms planning substantial allocations across several countries. However, financial experts are warning investors about risks tied to the company's current losses and high valuation relative to the limited share float available to individual buyers.

15 BSE 500 Stocks Post Five-Day Losing Streak Amid Market Weakness

Fifteen BSE 500 listed stocks, including Hindustan Zinc, PB Fintech, and NTPC, declined for five consecutive trading sessions with some falling up to 10%, reflecting broader market weakness. The sustained sell-off across this group of stocks signals potential sector-wide or sentiment-driven pressure affecting large-cap equities in the Indian market.

European shares slip as Mideast tensions linger; tech stocks pause

European equity markets declined this week as Middle East tensions persisted and technology stocks reversed course after a two-month rally. Rising Brent crude prices and uncertain diplomatic progress weighed on investor sentiment.

US Stocks Plunge as Jobs Data Reignites Rate Hike Concerns

Wall Street experienced a sharp decline as a strong U.S. jobs report dampened expectations for interest rate cuts, prompting a significant selloff in technology and semiconductor stocks. The Nasdaq fell over 4%, breaking a nine-week winning streak, amid Middle East tensions and rising bond yields.

Bitcoin loses investor appeal as AI and megacap IPOs gain traction

Bitcoin has experienced a significant downturn as investor capital shifts toward artificial intelligence stocks and upcoming initial public offerings, with notable outflows from Bitcoin exchange-traded funds. The reallocation reflects changing market sentiment, with semiconductor and AI-related equities attracting capital that previously flowed into cryptocurrency positions.

India Unveils Tax Breaks, Higher Limits to Attract Foreign Bond Investment

India announced tax exemptions on government securities and increased investment ceilings for overseas investors in equities to boost market liquidity and support the rupee. The measures signal efforts to stabilize capital flows, though the central bank's cautious inflation outlook may pressure interest rate–sensitive sectors.

Bottom-up stock picking key to outsized returns amid geopolitical tensions

Market expert Sunny Agrawal recommends focusing on mid and small-cap companies for superior wealth creation in the current environment, citing power infrastructure, auto ancillaries, and consumer durables as attractive sectors. Agrawal advises patient capital deployment in EV bus opportunities and identifies Titan as a beneficiary of the organized retail shift, while noting consumer durables are entering a recovery phase.

Dow hits record on Iran optimism despite chip weakness, weak jobs data

The Dow Jones Industrial Average closed at a record level, driven by easing geopolitical tensions with Iran and strength in healthcare and financial stocks, though weakness in semiconductor stocks including Broadcom limited broader market gains. Rising jobless claims and AI-related layoffs highlighted underlying economic concerns that tempered enthusiasm across technology-heavy indices.

Innio Valued at $23B in Nasdaq Debut as Shares Jump

Innio, a gas engine manufacturer, commenced trading on Nasdaq with shares opening significantly above their initial offer price, reaching a market valuation exceeding $23 billion. The strong debut reflects investor appetite for companies supporting AI infrastructure development.

Skip IT Rally, Focus on Power and Steel, Says Market Expert

Market strategist Neeraj Dewan recommends investors avoid chasing information technology stocks and instead rotate toward power, steel, and energy infrastructure plays. The advice reflects caution on IT sector guidance while highlighting opportunities in renewable energy and cyclical sectors poised to benefit from oil price stabilization.

Rupee Weakens as RBI Support May Fade Without Fresh Inflows

The Indian Rupee declined on Thursday, extending a two-day downturn as weaker Asian currencies and importer hedging pressured the unit, with banking sources suggesting that RBI intervention alone may not sustain support without additional inflow measures. The currency's trajectory will depend critically on future Reserve Bank of India policy actions amid broader regional currency weakness tied to global tensions.

IndiGo shares tumble 30% as pilot shortages, Iran tensions weigh

InterGlobe Aviation's IndiGo has fallen nearly 30% from peak levels as the airline faces pilot shortages from new FDTL norms and operational disruptions stemming from the Israel-Iran conflict and rising oil prices, which contributed to a net loss in Q4 FY26. The outlook remains uncertain, contingent on further geopolitical developments and crude oil price movements.

Fed Links Iran War to Moderate-to-Strong U.S. Inflation Pressures

The Federal Reserve attributed recent U.S. inflation gains to surging energy costs stemming from the Iran war, which disrupted supply chains and elevated input expenses. The report also highlighted widening inequality in consumer spending patterns, with lower-income households experiencing increased financial hardship.

GQG Partners exits GMR Airports stake; Fidelity takes 1.8% holding

US investment firm GQG Partners sold its 1.8% stake in GMR Airports to Fidelity International for Rs 1,906 crore, involving the transfer of 19.50 crore shares. The transaction marks a portfolio shift for GQG as GMR Airports reported a profit of Rs 400.49 crore in the March quarter.

US Stock Futures Decline Amid Middle East Tensions

Stock index futures edged lower as markets reacted to developments in the Middle East region. The decline reflects broader investor caution regarding geopolitical uncertainties affecting global markets.

15 Indian largecap stocks tumble 25-40% in CY26

Fifteen large-cap stocks listed on Indian exchanges have declined between 25% and 40% so far in CY26, as the BSE Sensex fell approximately 12.5% amid global uncertainties and foreign institutional investor selling. The broad-based weakness underscores the challenging sentiment environment affecting India's equity markets.

Godrej Industries Launches Wealth Management Arm Targeting ₹1 Lakh Crore AUM

Godrej Industries has established Godrej Wealth, a new wealth management company targeting assets under management of ₹1 lakh crore by 2031, serving affluent and high net worth individuals with investable assets of ₹2 crore and above. The move reflects the conglomerate's expansion into the growing wealth management sector in India's financial services landscape.