Crude Oil Prices Rise 2% as Concerns About Middle East Conflict Linger; Brent at $93. What's the Near-Term Outlook?
Crude oil prices jumped over 2% on Monday after Israel intensified its offensive in Lebanon, reigniting concerns about a wider Middle‑East flare‑up. Brent settled at $93 a barrel and U.S. WTI at $89.73, while India’s MCX crude rose to ₹8,542 (≈$103) per barrel. The rally reflects a renewed geopolitical risk premium, even as Goldman Sachs warns that weak demand from China and Europe could cap price gains. Technical analysis shows resistance near $101‑$102 and support around $99, suggesting further volatility.
For IndiGo, June Quarter Will Be Real Earnings Test of West Asia War Impact
IndiGo expects its available seat kilometres (ASK) to rise 3‑4% year‑on‑year in the June quarter (Q1FY27), a modest gain that will test the airline’s resilience after a turbulent Q4FY26. The March quarter was marred by a massive mark‑to‑market foreign‑exchange loss...
Small-Cap Stock Under ₹50 to Be in Focus on Monday; Here's Why
Globe International Carriers posted a Q4 FY26 net profit of ₹1.53 crore (≈ $184 k), down from ₹2.10 crore (≈ $253 k) a year earlier, while revenue rose 13.6% to ₹54.64 crore (≈ $6.58 m). Full‑year profit surged 131.5% to ₹11.62 crore (≈ $1.40 m) and EPS reached ₹0.14. The firm announced...
Penny Stock to Be in Focus on Monday; Here's Why
Zee Media Corp posted a Q4 FY26 net loss of ₹14.32 crore ($1.7 M), an improvement from ₹22.68 crore ($2.7 M) a year earlier. For the full FY26, the company swung to a net profit of ₹16.93 crore ($2.0 M) after a ₹100.33 crore ($12 M) loss in...
Key US Medium Sour Crude Weakens as Exports Ease From Records
Mars, a key US medium sour crude from the Gulf of Mexico, saw its price tumble, losing 75% of its value in a single day and narrowing its premium over West Texas Intermediate to about $1.50 a barrel. The slide...
Raja Venkatraman, MarketSmith Recommend Five Stocks for 29 May
Indian equity indices slipped for a second day, with the BSE Sensex down 0.19% to 75,867.80 and the NSE Nifty 50 marginally lower at 23,907.15 amid geopolitical uncertainty and foreign fund outflows. Despite the weakness, analyst Raja Venkatraman of MarketSmith India highlighted...
Copper’s Giant Tariff Trade Is Back and Squeezing Global Market
Traders are reviving the US‑focused copper tariff trade as the spread between NY Comex and the London Metal Exchange widens, prompting shipments of up to 200,000 tons a month. Front‑month Comex contracts sit more than $500 per ton above LME cash prices,...
HDFC Bank Shares Fall as Report Flags Camouflaged Payments; May Not Affect CEO Reappointment, Though
HDFC Bank’s shares fell 2.6% to ₹758.65 after The Indian Express reported the lender routed an alleged ₹45 crore (≈$5.4 million) payment to the Maharashtra State Road Development Corporation as a marketing expense, effectively offering higher deposit returns. The allegation revives governance...
Multibagger IPO: SME Stock Triples Allottees' Money in One Year. Do You Own?
Indian fragrance maker Sacheerome Limited listed on NSE SME at ₹102 per share on June 16, 2025 and has surged to ₹325.15, a 218% gain from its IPO price. The company posted FY26 revenue of ₹156.29 crore (≈$19 M), up 44% YoY, with EBITDA...
Top Gainers & Losers on May 26: Adani Total Gas, Tejas Networks, Paytm, Ather Energy, Vedanta Among Top Gainers
Indian equities fell on May 26 as U.S. missile strikes on Iran sparked a risk‑off mood, pulling the Nifty 50 below 24,000 to close at 23,916 and the Sensex down 0.6% to 76,047. Mid‑cap and small‑cap indices bucked the trend, rising...
Rajnandini Fashion India IPO Fully Subscribed on First Bidding Day, NIIs Steal the Show; Check GMP, Issue Details
Rajnandini Fashion India launched its SME IPO on May 26 with a price band of ₹59‑63 per share, aiming to raise about ₹18.2 crore (≈ US$2.2 million). Day‑one bidding showed a 1.62× overall subscription, driven by a 3.51× demand from qualified institutional buyers and...
Vegorama Punjabi Angithi IPO Allotment Expected Today: Here's How to Check Status
Vegorama Punjabi Angithi’s SME IPO, priced at ₹77 ($0.92) per share, is set for allotment on May 25 after a near‑35‑times overall subscription. The ₹25.59 crore ($3.1 million) issue saw retail demand oversubscribed 28‑times and QIB interest 24.46‑times. Successful bidders will receive shares...
Sebi Proposes Intraday Option Strike Additions to Help Traders Navigate Volatility
The Securities and Exchange Board of India (SEBI) has issued a consultation paper proposing a unified framework for managing option strike prices across equity, currency and commodity derivatives. The regulator wants exchanges to maintain a minimum number of in‑the‑money and...
Ajmera Realty Share Price Zooms 10% After Q4 Results 2026
Ajmera Realty & Infra India shares surged 9.6% after FY26 results showed revenue rising to ₹1,098 crore (≈$132 m), up 46% YoY, and Q4 revenue jumping 182% to ₹433.9 crore (≈$5.2 m). Net profit climbed 141% YoY to ₹58.5 crore (≈$7 m) and collections rose 71%...
Nifty 50 Breaks Above 24,000? Here Are the Next Key Levels to Watch
Indian equities rallied on Monday as the Sensex jumped 1.43% to 76,491.74 and the Nifty 50 rose 1.32% to 24,032.30, buoyed by optimism over US‑Iran peace talks and a sharp fall in crude oil prices. The Nifty breached the psychological 24,000...