IndiGo, SpiceJet slide up to 6% after Air India plane crash, oil price surge
Share prices of Indian aviation companies plummeted following a tragic Air India crash and a surge in global crude oil prices. The Air India Dreamliner crashed shortly after takeoff, killing all 241 onboard, triggering caution among investors. Simultaneously, escalating Middle East tensions, highlighted by Israeli strikes on Iran, caused oil prices to soar, further pressuring […]
Gold Price Prediction: Gold hits record high of Rs 1,00,403/10g on Iran-Israel tensions; can the uptrend continue?
Gold prices surged on MCX, breaching ₹1 lakh per 10 grams amid Israel-Iran tensions and a weaker dollar. Silver also saw gains, while geopolitical uncertainty and potential oil supply disruptions fueled safe-haven demand. Analysts suggest a ‘buy on dips’ strategy, anticipating further price increases in the coming months, with key support levels to watch.
Ideaforge, HAL, and other defence stocks rally up to 8% as war bets heat up after Israel bombs Iran
Defence stocks rallied on Friday after Israel launched military strikes on Iran, heightening geopolitical tensions and boosting investor interest in the sector. Ideaforge led the surge with an 8.1% jump, followed by gains in Astra Microwave, Bharat Dynamics, and HAL. The rally was fueled by reports of targeted Israeli attacks on Iranian nuclear sites and […]
ETMarkets Smart Talk | India could attract $1.5 trillion FII inflows over the next decade: Swati Khemani
Swati Khemani of Carnelian Asset Management remains optimistic about Indian equities, citing strong macro fundamentals and potential FII inflows of $1.5 trillion. She anticipates gradual rate cuts by the RBI and favors sectors like BFSI, manufacturing, pharma, and specialty chemicals.
S&P 500 ends higher as Oracle reignites AI rally; Boeing drops
The S&P 500 saw gains on Thursday. Oracle’s positive AI forecast boosted market confidence. Tech giants like Microsoft and Nvidia also experienced growth. However, Boeing shares declined due to a tragic plane crash in Ahmedabad. Rising Middle East tensions added to market concerns. Investors are anticipating potential interest rate cuts by the Federal Reserve.
Positive Breakout: These 3 stocks cross above their 200 DMAs
In the Nifty500 pack, three stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 12, according to stockedge.com’s technical scan data.
NBFCs turn top overseas borrowers in April with over $1.5 billion loans
Indian companies raised $2.92 billion through overseas loans in April, with NBFCs leading the way, securing $1.53 billion for on-lending and sub-lending. Shriram Finance topped the list with $955 million in external commercial borrowings. ECB has become a cheaper funding option for NBFCs, diversifying their funding mix amid reduced bank lending due to risk weights.
Asian stocks set to advance as US inflation cools
Asian equity-index futures saw gains following positive Wall Street performance driven by cooling US inflation data, bolstering expectations for Federal Reserve rate cuts. The dollar weakened, and Treasury yields declined. Geopolitical tensions and potential tariff increases introduced some market uncertainty, while optimism grew regarding corporate investment due to anticipated deregulation and tax cuts.
RBI buyback sees strong demand with bids doubling notified amount
At its second buyback auction of FY26, the RBI received bids worth Rs 53,031 crore against a notified Rs 26,000 crore, accepting 99% of it. The move aids liquidity and government debt management amid strong demand from banks.
Reliance sells 3.6% Asian Paints for $900 million to SBI MF
SBI Mutual Fund purchased a 3.6% stake in Asian Paints from Reliance Industries for Rs 7704 crore, marking one of India’s biggest bilateral block deals. Reliance monetized a 17-year-old investment, reaping a 23-fold return amid competitive industry pressures.