Market News

PFC Raises $300M Via Floating-Rate Bonds Maturing 2029

Power Finance Corporation, a state-owned entity, has successfully raised USD 300 million through the issuance of floating-rate bonds scheduled to mature in July 2029 and denominated in US dollars. The bonds will be listed on NSE IFSC and India INX, following Reserve Bank of India guidelines.

SK Hynix New York Debut Validates Billionaire Chey's AI Chip Strategy

South Korean billionaire Chey Tae-won's acquisition of SK Hynix has yielded significant returns, with the chipmaker now establishing itself as a leading producer of high-bandwidth memory chips for artificial intelligence applications and debuting in New York. The strategic move has positioned SK Hynix as a key player in the expanding AI sector, though emerging concerns about future demand and potential market oversupply present ongoing risks.

Warsh's Fed Reform Task Force Draws Praise, Faces Implementation Hurdles

Federal Reserve Chairman Kevin Warsh has assembled a 15-member external expert task force to lead reform initiatives, featuring former Obama administration officials and international central bankers. The ambitious review aims to conclude by year-end, though success will depend on securing broad institutional buy-in for any proposed changes.

Wall Street Banks Impose Restrictions on Staff Prediction Market Betting

Major Wall Street banks including Goldman Sachs, Morgan Stanley, JPMorgan Chase, and Bank of America have updated employee conduct guidelines to restrict or prohibit participation in financial and political prediction markets. The policy revisions aim to eliminate conflicts of interest and ensure compliance with industry standards.

SpaceX's AI Growth Engine Grounded in Earth-Based Compute

SpaceX is generating substantial near-term revenue from terrestrial artificial intelligence infrastructure contracts with major clients, with these deals expected to exceed income from other company operations this year. Analysts indicate that Earth-based compute services, rather than orbital AI applications, will be the primary growth driver for SpaceX through the remainder of the decade.

Oil Heads for Weekly Gain as Middle East Supply Risks Persist

Oil prices posted modest gains Friday as traders weighed Middle East geopolitical tensions, including renewed US-Iran hostilities and shipping disruptions in the Strait of Hormuz. Market confidence in diplomatic resolution efforts appeared to be limiting more dramatic price increases despite the supply concerns.

Delhi retail rents surge 9% annually as Khan Market leads gains

Retail space rents in Delhi's Khan Market rose 9 percent annually during April-June, with South Extension I & II recording the steepest increases at 10 percent, according to reports. Leasing activity across Delhi-NCR retail spaces doubled during the same period, indicating robust demand in India's commercial real estate sector.

US stocks open steady as SK Hynix debuts on Nasdaq

US stock markets opened with mixed performance as South Korean chipmaker SK Hynix made its much-anticipated Nasdaq listing debut, while investors monitored escalating Middle East tensions. The cautious market sentiment reflected a balance between optimism around major tech listings and concerns about inflation risks stemming from geopolitical developments.

Reliance Industries, Jio Financial Set Q1 Earnings Dates

Reliance Industries and Jio Financial Services have announced their June-quarter earnings announcement dates, with Jio Financial reporting on July 16, 2026, and Reliance Industries on July 17, 2026. The announcements mark the entry into earnings season for major Indian corporates, with investors expected to monitor updates on key business segments and financial services operations.

Premium housing demand, urbanisation to support India's realty market in H2 2026

India's housing sector is expected to remain resilient through the second half of 2026, buoyed by strong demand for premium properties and ongoing urbanisation trends, according to Knight Frank. While sales growth is moderating and new launches are outpacing absorption, stable fundamentals and RERA reforms are likely to prevent a sharp market correction.

India's 10-year bond posts best day in over a week as oil prices ease

Indian government bonds rallied Friday, with the 10-year segment logging its best performance in over a week, driven by strong auction demand, foreign inflows, and declining oil prices. The gains come as traders monitor geopolitical risks and weather developments, while a potential Bloomberg index inclusion looms as a potential market catalyst.

Oil Edges Lower But Set for Weekly Gains Amid Middle East Tensions

Oil prices declined on Friday but remain positioned for weekly gains as escalating US-Iran tensions and supply route disruptions continue to support crude markets. The conflict has delayed the reopening of the strategic Strait of Hormuz, a critical chokepoint for global petroleum flows.

SBI to sell 1.42% stake in SBI Funds ahead of IPO

State Bank of India is divesting a 1.42% stake in its asset management subsidiary SBI Funds Management through a pre-IPO placement, establishing an early valuation benchmark ahead of the unit's public offering. The IPO is scheduled to open for bids on July 14, with shares expected to list on July 21, as SBI Funds seeks a valuation of up to 1.17 trillion rupees.

Indian Indices Show Mixed Signals Amid Sensex Expiry Volatility

Indian benchmark indices experienced volatile trading on Thursday driven by weekly Sensex expiry, with the Nifty forming an inverted hammer candle that signals consolidation. Foreign portfolio investors net sold Rs 533 crore in shares while domestic institutional investors added Rs 2,058 crore, creating mixed directional pressure ahead of the trading session.

Groww Reaffirms Free Direct Mutual Funds for DIY Investors

Groww has clarified that direct mutual funds will continue to be offered commission-free for do-it-yourself investors on its platform. The assurance follows recent market discussions about mutual fund pricing structures in India.

Sebi Cancels Registration of 12 Research Analysts Over Unpaid Renewal Fees

India's Securities and Exchange Board (Sebi) has cancelled the registration of twelve research analysts for failing to pay renewal fees, according to regulatory announcements. The cancellations followed summary proceedings after the analysts failed to respond to issued notices.

Nvidia Trades at Lowest Valuation Since AI Boom Amid $1T Selloff

Nvidia has lost nearly $1 trillion in market value over less than two months and now trades at its cheapest valuation since the artificial intelligence rally began, according to reports. Despite investor concerns about competition and AI spending, analysts remain optimistic about the semiconductor company's long-term prospects based on strong fundamentals and improving technical indicators.

Cupid rebounds 6% on upgraded FY27 guidance, strong Q1 momentum

Cupid's shares recovered nearly 6% after a previous session decline, driven by the company's upgraded FY27 revenue guidance of Rs 660 crore and robust operational performance. The positive sentiment reflects strong Q1 results, a healthy order book, and expanding opportunities across healthcare, personal care, and wellness segments.

US stocks fall as Trump declares Iran deal over

U.S. equity markets closed lower after former President Donald Trump declared the Iran nuclear agreement concluded, triggering concerns about escalating geopolitical tensions and rising oil prices. The decline reflected broader investor anxiety over conflict risk, though semiconductor stocks gained support from Apple's Broadcom partnership.

Fed Officials Weighed Rate Hike Over Iran War Inflation Concerns

Some US Federal Reserve officials considered raising interest rates at their June meeting due to elevated inflation stemming from Middle East geopolitical tensions, according to meeting minutes released Wednesday. The Fed ultimately voted unanimously to maintain rates unchanged at the June 16-17 gathering.