Nifty faces stiff resistance near 25,100; sector rotation is key
Markets remain cautious below the 25100 resistance, vulnerable to corrections and volatility. Sector rotation, profit protection, and modest leverage are key amid shifting momentum across indices.
Eternal may see outflows worth $840 million following FTSE, MSCI’s weight cuts
Eternal, formerly Zomato, may see passive outflows of $840 million as FTSE and MSCI reduce its index weightage due to a Foreign Ownership Limit cut, impacting global investor exposure.
Aegis Vopak Terminals IPO: Company raises Rs 1,260 crore from Nomura, Aberdeen 30 other anchor investors
Aegis Vopak Terminals raised ₹1,260 crore from 32 anchor investors ahead of its ₹2,800 crore IPO opening May 26. Key investors include global funds and domestic mutual funds. The IPO is entirely a fresh issue with no offer-for-sale component.
Fusion Finance suffers 4th consecutive quarterly loss at Rs 165 crore
Fusion Finance reported its fourth consecutive quarterly loss, with ₹165 crore net loss in Q4 FY25 due to high bad loan provisions. Gross NPAs rose sharply, while AUM and interest income declined. Borrowing covenant breaches added pressure.
KSH International IPO: Pune-based wire company files DRHP with Sebi to raise Rs 745 crore
Pune-based KSH International has filed a DRHP with SEBI to raise Rs 745 crore via IPO, comprising a Rs 420 crore fresh issue and Rs 325 crore OFS. The magnet winding wire manufacturer exports to 24 countries and plans to use proceeds for debt repayment, machinery expansion, and a solar plant setup. Its FY24 revenue […]
Gold jumps over 2% on safe-haven demand amid Trump tariff fears
Gold prices surged over 2% on Friday, marking their best week in six, driven by investors seeking refuge in the safe-haven asset. Renewed tariff threats from U.S. President Donald Trump and a weaker dollar fueled the rally. Platinum also saw gains due to tight market conditions, while silver rose and palladium slipped, all posting weekly […]
Oil rises on short-covering, Iran nuclear talks in focus
Oil prices increased on Friday. This happened as U.S. buyers adjusted positions before the Memorial Day weekend. Concerns about U.S.-Iran nuclear talks also played a role. Traders fear supply disruptions if talks fail. Donald Trump suggested tariffs on EU goods. OPEC+ may increase output in July. The market awaits the impact of tariffs on oil […]
Wall Street slides as Trump’s tariff threats triggers market uncertainty
American stock markets experienced a decline on Friday. This downturn resulted in a weekly loss. Donald Trump’s proposal of 50% tariffs on European products triggered this fall. Technology and communication sectors faced significant losses. Apple’s stock also dropped following tariff warnings. Trade tensions and tariff talks contributed to market uncertainty.
Dollar, global stocks slip as Trump threatens tariffs on Europe and Apple
Global markets experienced a jittery week. President Trump’s trade threats caused major stock indexes and the dollar to decline. He suggested tariffs on European Union imports and Apple iPhones. Apple shares fell. The dollar weakened against the yen and euro. Government bonds rose due to safe-haven buying. Oil prices increased. Gold also saw a surge […]
US dollar falls amid market jitters over Trump’s EU tariff threats
The US dollar faced a broad decline on Friday. Investors sold off the currency due to President Trump’s escalating trade war. He suggested tariffs on the European Union. This action renewed worries about the impact on the global economy. The Japanese yen gained strength. Data showed Japan’s inflation rose. The British pound also increased against […]