SpaceX shares decline for first time since blockbuster debut
SpaceX shares experienced their first decline since their IPO on Wednesday, ending a three-day rally that briefly surpassed Amazon’s valuation. The stock saw significant intraday swings, though it remains well above its IPO price. Analysts suggest limited free float and upcoming lockup expirations could influence future trading.
Positive Breakout: These 14 stocks cross above their 200 DMAs
In the Nifty500 pack, 14 stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on June 17, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is […]
Oil slips again as US, Iran sign peace deal
Oil prices dropped as the U.S. and Iran reached an interim agreement to end the war, reopen the Strait of Hormuz, and lift sanctions on Tehran’s oil. This deal, a 14-point memorandum, initiates a 60-day negotiation period, potentially resolving a major energy supply disruption and leading to a significant supply glut in 2027.
FPIs pump record funds into G-Secs after policy shift
Foreign funds are pouring into India’s government bond market at a record pace this month, driven by tax exemptions on interest and capital gains, a wider investment basket, and relaxed limits. These measures, coupled with a stable rupee and calmer geopolitics, have spurred significant inflows, with continued momentum dependent on global factors and potential inclusion […]
En route to D-Street: NSE files draft papers with Sebi
The National Stock Exchange has filed its draft prospectus with Sebi, moving closer to its long-awaited Initial Public Offering. The IPO is expected to be around ₹30,000 crore, potentially becoming India’s largest public issue. This marks a significant step after a decade of regulatory hurdles.
Defence shares gain momentum on strong production and growth outlook
Indian defence stocks surged as the government announced a record ₹1.78 lakh crore in defence production for fiscal 2026, a 15.6% increase from the previous year. This growth, driven by policy push and rising global demand, has led to a strong rally in defence companies and the Nifty Defence Index, which is up 23% year-to-date.
India’s m-cap tops $5 trillion, climbs back into global top six
India’s stock market value has crossed the $5 trillion mark. This surge has placed India back in the sixth position globally. The rebound follows a peace deal between the US and Iran. This development has boosted investor confidence. India’s market capitalization now stands at over $5 trillion. This is an increase from its previous value.
Fed begins Warsh era with rate hold, sees hike possible later in 2026
The Federal Reserve maintained interest rates but signaled a potential hike later this year due to inflation concerns. New projections show nine officials anticipate a rate increase by the end of 2026. The policy statement removed previous guidance on future rate moves, reflecting new Fed Chairman Kevin Warsh’s influence.
RBI removes cap on NRI deposit rates until September
The Reserve Bank of India has temporarily removed interest rate ceilings on non-resident deposits, allowing banks to freely mobilize overseas funds until September 30, 2026. This move aims to help banks build long-term liabilities and strengthen their asset-liability management. Banks may now offer higher rates, potentially exceeding 8%, to attract sustainable deposits.
NARCL makes fifth exit with Rs 575 crore recovery
Agson Global, a manufacturer of aroma ingredients, was admitted to insolvency proceedings by the National Company Law Tribunal following a petition filed by the erstwhile Allahabad Bank, now part of Indian Bank. NARCL, the state-backed “bad bank”, had acquired Agson Global’s debt at a steep discount, said one of the people cited earlier. The recovery […]