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marketsNetweb Technologies' stock surged 15% after CRISIL upgraded its ratings, citing strong financial performance and strategic growth. The company reported an 87% YoY revenue increase in Q4FY26.
marketsWockhardt's shares have surged following CDSCO's approval of its antibiotic Zaynich, designed to combat drug-resistant infections. The drug showed significant efficacy in clinical trials, positioning Wockhardt as a key player in addressing antibiotic resistance.
marketsThe West Asia conflict poses a stagflationary threat to the global economy, with Bank of America warning of potential disruptions if the situation persists. Oil prices are expected to remain elevated, impacting energy importers like India and Europe. Central banks face challenges in managing inflationary pressures.
marketsJP Power shares rose 31% this week, reaching Rs 24.50, amid high trading volumes. Adani Power hit a 52-week high of Rs 254, driven by acquisition news and increased power demand expectations.
marketsCLSA has initiated coverage on Ather Energy with an 'Outperform' rating and a target price of Rs 1,450. The brokerage highlights Ather's strategic positioning in the growing electric scooter market and its innovative EL platform as key growth drivers. Despite current losses, CLSA expects profitability by FY28.
marketsHDFC Bank shares have dropped nearly 8% following a Rs 45 crore payment controversy involving MSRDC. The payments were allegedly misrepresented as marketing expenses, raising governance concerns. The bank has reiterated its commitment to high corporate governance standards.
marketsCrude oil prices fell on May 29 amid market volatility and geopolitical tensions between the U.S. and Iran. Despite a reported ceasefire agreement, analysts warn that disruptions in the Strait of Hormuz could have long-term impacts on global oil supply.
marketsGold prices rose by 0.4% amid reports of a U.S.-Iran ceasefire extension and ongoing Federal Reserve rate speculations. U.S. inflation surged, reinforcing expectations of unchanged interest rates. China's gold imports also increased significantly.
marketsThe US dollar is set for a weekly decline amid reports of a US-Iran ceasefire deal, pending Trump's approval. The deal could extend the truce for 60 days, affecting oil prices and currency markets.
marketsOil prices dipped slightly as reports of a potential ceasefire deal between the U.S. and Iran emerged, affecting the reopening of the Strait of Hormuz. Brent and U.S. oil futures both saw declines amid volatile trading influenced by geopolitical developments.
marketsPrepare for the trading session on May 29 with insights into key stocks, brokerage calls, and trade setups. Stay informed about market movements and sector-specific trends.
marketsAsian stocks rose as hopes for a US-Iran truce lifted markets, with the MSCI Asia Pacific Index up 0.7%. Brent crude prices dipped amid optimism that the Persian Gulf conflict may be nearing resolution. Investors remain watchful of US-Iran negotiations and their impact on global markets.
marketsProminent investors Hemendra Kothari and Mukul Agrawal experienced significant portfolio declines in the March quarter, with holdings dropping over 25%. Madhusudan Kela's portfolio also decreased by 21%, while the late Rakesh Jhunjhunwala's family and Anil Kumar Goel's portfolios were less affected.
marketsU.S. stocks rose on Thursday as reports of a U.S.-Iran truce extension lifted market sentiment. The S&P 500 and Nasdaq hit record highs, while European shares closed lower. Economic data showed slower U.S. GDP growth and rising inflation, posing challenges for the Federal Reserve.
marketsThe S&P 500 and Nasdaq Composite indices hit record highs as the US and Iran agreed to extend their ceasefire. Healthcare and tech stocks led the gains, with renewed confidence in AI driving the rally despite inflation concerns.
marketsOil prices ended mixed after a volatile session as traders assessed conflicting reports on a US-Iran ceasefire deal. Brent crude futures showed varied trends, while U.S. oil futures saw slight gains. The market remains sensitive to Middle East developments.
marketsCopper prices reached a two-week high as speculation mounts over a US-Iran ceasefire deal. The potential resolution of the conflict could stabilize global markets and boost metals demand.
marketsGold prices rose 1.1% as the U.S. and Iran reached a ceasefire deal, boosting market sentiment. The U.S. dollar's decline also made gold more attractive to overseas buyers. Investors are watching the Federal Reserve's next moves on interest rates.
marketsU.S. Treasury yields fell as the U.S. and Iran extended their ceasefire by 60 days. Mixed economic data showing weaker growth and steady inflation could ease pressure on the Federal Reserve regarding interest rates. The situation remains tense following renewed violence in the region.
marketsA proposal to feature Donald Trump's image on a new $250 bill has been reported, marking a potential first in 150 years for a living person on US currency. The initiative faces legal and political hurdles, with criticism from Democrats and concerns over federal law.
marketsThe Indian stock markets were closed on Thursday, but the India VIX index fell by 7.12%, indicating reduced volatility. Analysts predict a sideways to mildly positive trend for the Nifty 50, with key resistance and support levels identified. Global markets reacted to geopolitical developments, influencing investor sentiment.
marketsNebius shares are poised for a significant rise following a major investment by Situational Awareness, a fund managed by former OpenAI team member Aschenbrenner. The fund's 5.6% stake, worth nearly $2.6 billion, signals confidence in Nebius's role in the AI infrastructure sector.
marketsThe European Commission has proposed a plan to centralize EU capital market supervision under ESMA in Paris. Ministers from six key EU nations are meeting in Berlin to discuss advancing this initiative, which aims to boost competitiveness and address market fragmentation.
marketsFederal Reserve's John Williams discussed the challenges of identifying productivity shifts in real time at the Reykjavík Economic Conference. He noted that productivity changes often appear temporary initially, affecting real interest rates. Williams did not comment on near-term monetary policy.