Global Market Today: Asian stocks open higher with Iran deadline in focus
Markets are reacting to uncertainty surrounding President Donald Trump’s Iran deadline. Tentative ceasefire signals are battling fears of conflict escalation. Brent crude oil prices are fluctuating. Asian shares saw gains, led by technology stocks. President Trump stated talks are progressing but stressed freedom of navigation.
Fund managers back large-caps, stay wary of mid- & small caps
Following a market sell-off, fund managers indicate that share valuations are no longer stretched, though aggressive bets are still discouraged. While large-cap stocks have reached comfortable levels, skepticism remains for mid and small-cap segments. Investors are advised to stay invested and stagger entries through systematic or phased allocations.
RBI moves to curb rupee volatility after sharp FY26 slide
The Reserve Bank of India is tightening oversight of foreign-exchange markets and non-deliverable forward (NDF) norms to curb rupee volatility. Recent directives cap banks’ net open foreign-exchange positions and prohibit offering rupee NDF contracts, forcing unwinding of existing positions and preventing new ones. These measures aim to stabilize the rupee by reducing arbitrage opportunities and […]
10-year benchmark sovereign bond yield falls 9 bps
Indian sovereign bond yields saw a significant drop on Monday. This retreat followed reports of a potential de-escalation in the West Asia war. Expectations of a peace framework between the US and Iran boosted market sentiment. Additionally, a lower-than-anticipated state borrowing plan for the April-June quarter provided further support. Bond traders are now awaiting the […]
Independent directors key to fixing governance gaps: Pandey
Sebi chairperson Tuhin Kanta Pandey called for a fundamental shift in how independent directors function, stating that boardroom independence in India is often procedural and lacks effective oversight. He emphasized the need for boards to move beyond compliance and foster diverse perspectives and constructive dissent, focusing on improving the quality of board engagement rather than […]
Nifty aggregate profit to fall in Q4 but expect a better FY27
Nifty 50 companies are projected to see a 1.1% dip in net profit for the March quarter due to one-off gains in the previous year and lower expected profits from banking, pharma, and IT sectors. Revenue is anticipated to grow 8.3%, with operating margins expected to contract by 70 basis points.
D-Street grasps at ceasefire straw, rebounds 1% from early losses
Indian stock indices surged over 1% on Monday, recovering from early losses as a West Asia ceasefire proposal boosted sentiment. The Nifty closed at 22,968.25 and the Sensex at 74,106.85, driven by short covering and stable crude oil prices. Broader market indices also saw gains, indicating a potential rebound.
Jewellery stocks rise on talk of cut in base import price
Gold jeweller stocks surged on Monday following positive business updates and a reduction in precious metal import prices. Analysts anticipate sustained demand driven by the wedding season and upcoming festivals, with companies like Senco Gold and PC Jeweller reporting significant year-on-year revenue growth.
US Stock Market Today | Dow Jones | Nasdaq Live: S&P 500, Nasdaq futures edge up as investors weigh Iran war developments
Dow Jones Today | Nasdaq | S&P 500 | US Stock Market Live Updates: At 7:13 a.m. ET, Dow E-minis were down 62 points, or 0.13%, S&P 500 E-minis were up 4.5 points, or 0.07%, and Nasdaq 100 E-minis were up 75 points, or 0.31%. Prolonged closure of the Strait of Hormuz, an essential chokepoint […]
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of high crude oil prices. The brokerage also reduced India’s GDP growth estimate and warned of a severe downturn in a worst-case scenario. Despite this, a resolution to the Iran conflict […]