Silver dips Rs 3,000/kg, gold down Rs 1,100/10g as firm dollar outweighs Iran war peace hopes. What’s next?
Gold and silver prices slipped on MCX Wednesday as rising U.S. Treasury yields and a stronger dollar weighed on bullion despite optimism over a potential US-Iran peace deal. Silver futures for July 2026 fell 1% or Rs 2,889 to Rs 2,67,230/kg, while June 2026 gold futures dropped Rs 1,121 to Rs 1,57,959 per 10 grams.
Zydus Lifesciences’ Rs 1,100 crore share buyback at 13% premium: Check record date, other details
Zydus Lifesciences is launching its largest share buyback program to date. The company plans to repurchase shares worth Rs 1,100 crore. This move offers shareholders a premium price. The record date for eligibility is May 29. The buyback will be conducted through a tender route. This follows previous successful buyback initiatives by the company.
BEL shares drop over 2% after Q4 results: What are Goldman Sachs and Nomura saying?
BEL shares fell up to 2.3% to Rs 413 despite the defence PSU reporting a 5% year-on-year rise in Q4FY26 consolidated net profit to Rs 2,226 crore. Revenue from operations grew 11% to Rs 10,224 crore, supported by continued execution of defence projects and operational growth. Total income also increased around 11% to Rs 10,335 […]
BLS International shares soar 9% as Q4 PAT jumps 29% YoY to Rs 187 crore
BLS International shares rose sharply on Wednesday after the company posted a strong Q4FY26 performance, with net profit rising 29% YoY to Rs 187 crore and revenue up 17.6%. Both Visa & Consular and Digital Business segments recorded solid growth, supported by new global visa centres and expanded service partnerships.
Hindalco shares rise 2% on Novelis’ upbeat commentary; US arm reports $84 million net loss
Hindalco shares gained 2% after US arm Novelis plans to reopen its Oswego hot mill sooner than anticipated, despite a higher projected cash flow hit from plant fires. The company foresees significant cost savings and aims for positive free cash flow by year-end. While sales rose, net loss widened, and debt levels climbed.
Rupee tumbles to record low of 96.86 vs USD as US-Iran stalemate stokes global inflation fears
The rupee hit a record low against the dollar on Wednesday, driven by elevated oil prices stemming from stalled U.S.-Iran peace talks. This surge in energy costs fuels inflation fears, pushing bond yields higher and impacting equities. The rupee’s decline, coupled with significant overseas investor withdrawals and rising Brent crude prices, exacerbates India’s balance of […]
Sensex drops 600 points, Nifty below 23,450. 6 key factors behind today’s D-St rout
Indian stock markets experienced a sharp downturn on Wednesday, with both Sensex and Nifty declining approximately 0.8%. The Sensex dropped over 600 points to below 74,600, while the Nifty 50 fell more than 190 points to slip under 23,450. This decline was influenced by the rupee’s depreciation and other market dampeners, as India VIX saw […]
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the Nifty500 pack, 10 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on May 19, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator to determine the overall trend in a particular stock. As long as the stock price […]
Dollar at six-week high on rate-hike bets, Iran war uncertainty
The US dollar remains strong near a six-week peak, driven by inflation fears and the potential for higher interest rates due to the Iran war. This surge is pushing the Japanese yen towards intervention levels. Global bond markets are experiencing a sell-off, with US Treasury yields hitting multi-year highs.
Inside Mutual Fund Portfolios: The role of cash holdings
Fund managers hold cash in equity schemes for various reasons, including market overvaluation, difficulty finding quality stocks, and to meet daily redemption requests. While cash offers a downside buffer, high levels can lead to underperformance if markets rally, potentially causing investor outflows.