Rupee hits record low of 95.55 as fraying US-Iran ceasefire keeps oil prices on the boil
The rupee has reached its lowest point ever against the US dollar. This decline is driven by investor concerns over escalating conflict in the Middle East. The situation has led to a surge in oil prices. This development poses economic challenges for India, which imports most of its energy needs. The rupee’s new low reflects […]
Silver gains Rs 3,100/kg, gold at Rs 1.54 lakh/10g ahead of US inflation data, fading peace talk hopes. What should you do?
Gold and silver prices rose on MCX Tuesday as investors turned cautious ahead of key U.S. inflation data. Weakening hopes of a U.S.-Iran peace deal lifted crude oil prices, fuelling concerns that persistent inflation could keep global interest rates higher for longer.
Quadria-backed Nobel Hygiene said to plan $300 million India IPO
Nobel Hygiene, a hygiene products manufacturer backed by Quadria Capital, is exploring an initial public offering in India that could raise up to $300 million. The company has begun preliminary discussions with investment banks regarding a potential listing. The proposed IPO may involve both new share issuance and secondary sales by existing investors.
Groww shares sink 7% as Peak XV, Sequoia, others launch Rs 5,637-crore stake sale amid IPO lock-in expiry
Existing investors in Billionbrains Garage Ventures, parent of Groww, share price tanked 7% after Rs 5,637 crore block deal through secondary market transactions. The deal, involving Peak XV, Ribbit and Sequoia-backed entities, is priced at an 8.5% discount to the prevailing market price and may keep the stock in focus during Tuesday’s trading session.
Oil Price Today (May 12): Crude oil at $105 as Donald Trump says peace talks on ‘life support’. What are experts saying?
Oil prices rose for a second day as uncertainty surrounding U.S.-Iran conflict resolution kept global crude supply concerns high. President Trump indicated ceasefire talks are struggling, while the U.S. plans to release oil from its reserves. Market attention now shifts to Trump’s China visit, with hopes of leveraging influence for a resolution.
Negative Breakout: These 10 stocks cross below their 200 DMAs
In the Nifty500 pack, the closing prices of 22 stocks fell below their 200-day moving averages on May 11, according to StockEdge.com’s technical scan data. Of these, we have highlighted 11 stocks that slipped more than 3%. Trading below the 200 DMA is considered a negative signal because it indicates that the stock’s price is […]
Michael Burry warns of stock crash as tech jump echoes 2000 peak
Investor Michael Burry, famed from ‘The Big Short,’ warns the Nasdaq 100 faces a sharp downturn, likening its “parabolic” tech surge to the dot-com bubble’s peak. He points to soaring chip stocks and inflated valuations, suggesting Wall Street is overestimating company earnings. Burry advises caution and profit-taking, anticipating a significant market correction.
Gold rises with US–China talks, MidEast conflict in focus
Gold prices climbed as investors awaited crucial meetings between U.S. President Trump and Chinese President Xi Jinping, while also monitoring the fragile ceasefire negotiations with Iran. Market participants are also anticipating U.S. CPI data to gauge the Federal Reserve’s future interest rate decisions.
Oil shock rattles D-Street as rupee hits record low
The rupee hit a new closing low and equities slumped as oil prices surged past $100 a barrel. This was driven by Donald Trump’s rejection of Iran’s peace plan and PM Modi’s call for austerity to conserve foreign exchange reserves and curb fuel consumption amid ongoing Gulf war concerns.
Global Market Today: Asian stocks advance, oil gains on Iran deadlock
Asian stocks advanced, buoyed by continued optimism in the AI sector, even as US-Iran peace talks faltered. Oil prices climbed, with West Texas Intermediate holding above $98 a barrel. Higher oil prices contributed to rising Treasury yields, as investors priced out Fed rate cuts this year.