Ahead of Market: 10 Things that Will Decide Stock Market Action on Tuesday
Indian equities extended their decline for a fourth consecutive session on June 1, with the BSE Sensex dropping 508 points to 74,267 and the NSE Nifty slipping 165 points to 23,383. The sell‑off was driven by heightened US‑Iran tensions, a closed Strait of Hormuz, and rising crude‑oil prices that amplified risk‑off sentiment. Activity concentrated in financials and FMCG, while HDFC Bank recorded the highest turnover at roughly ₹3,570 crore (≈$430 million). Analysts note weak market breadth and bearish technical signals, suggesting further downside pressure.
Market Trading Guide: NMDC Among Two Stock Recommendations for Tuesday
Analysts at ETMarkets have issued buy recommendations for NMDC Ltd. and Laurus Labs Ltd., citing strong bullish chart patterns and momentum. NMDC is priced at Rs 93 (~$1.12) with a target of Rs 105 (~$1.26) and a stop‑loss at Rs 87 (~$1.05). Laurus...
JetBlue Flags Higher Fuel Costs as Iran Conflict Drags On
JetBlue raised its second‑quarter fuel‑cost forecast to $4.26‑$4.36 per gallon as jet‑fuel prices surged to about $142 per barrel following the closure of the Strait of Hormuz. The airline’s shares fell 9% after the update, highlighting the strain on smaller...
Ola Electric Launches QIP to Raise Funds, Sets Floor Price at Rs 37.74 a Share
Ola Electric Mobility has launched a qualified institutional placement (QIP) with a floor price of Rs 37.74 per share, roughly $0.45. The company may grant up to a 5% discount to institutional buyers, but the final issue price and total amount...
Aluminium Hits Four-Year High on Renewed Middle East Supply Risks
Aluminium prices surged to $3,685 per metric ton on the LME, matching a four‑year high as Middle East supply risks intensified following U.S.–Iran military strikes. The region, responsible for roughly 9% of global smelting capacity, saw the Strait of Hormuz...
ET Alpha Wealth Summit: Will AI Disrupt India’s Growth Story or Accelerate It?
The ET Alpha Wealth Summit will convene in Mumbai on June 4 to debate whether artificial intelligence will disrupt or accelerate India’s growth trajectory. Key sessions, including the “Amritkaal or AI‑kaal?” panel, will examine AI’s impact on industries, jobs, and capital...
Why Indian Investors Need Global Exposure Today
On May 20 2026 the rupee slipped to a record low of Rs 96.97 per dollar, underscoring the urgency for Indian investors to add foreign exposure. Since the 1991 liberalisation the currency has depreciated about 5% annually, with a 12% drop in the...
Supreme Court Provides Relief to Reliance in 2007 Securities Market Fraud Case
India’s Supreme Court overturned a 2020 SEBI order that labeled Reliance Industries’ 2007 RPL stake sale as market manipulation. The court directed SEBI to refund the ₹2.5 bn ($26.3 m) it had collected from Reliance while reaffirming that a breach of position...
Rupee to Hit 99, Fiscal Deficit at 5%: Rahul Bajoria Sees Deeper Pain Ahead for India
India’s macro outlook is under pressure as BofA Securities’ Rahul Bajoria projects the rupee to slip to around ₹98‑99 within the next year and the FY27 fiscal deficit to widen to 5% of GDP, above the government’s 4.3% target. The...
Global Markets: Japan's Nikkei Retreats From Record High on Profit-Booking, Strength in Oil Prices
Japan’s Nikkei slipped 0.25% to 64,996.09 on Tuesday, erasing Monday’s 2.87% surge that pushed the index to a record high of 65,158.19. The rally, fueled by AI‑optimism bets, had delivered an 8.95% gain over three sessions—the steepest three‑day rise in...
Global Markets: Australia Shares End Lower as Inflation, Iran Peace Deal Concerns Weigh
Australian shares ended lower on Tuesday, with the S&P/ASX 200 slipping 0.4% to 8,658 as investors weighed stubborn inflation and renewed doubts over a U.S.–Iran peace deal. The banking sub‑index led the declines, falling 0.7% after Commonwealth Bank of Australia edged...
Bitcoin Trades Near $76,700, Ethereum Near $2,090 as Traders Remain Defensive, Rebound From Recent Lows
Bitcoin traded around $76,700 and Ethereum near $2,090 on Tuesday, marking a modest rebound from recent lows. Both assets slipped less than 1% in the past 24 hours while the broader crypto market cap dipped 0.3% to $2.56 trillion. The Fear...
Can Suzlon Energy Shares Rally up to 31% After Q4 Results? Top Brokerages Weigh In
Suzlon Energy reported a mixed Q4 performance, with consolidated net profit slipping 6% YoY to ₹1,114 crore (≈$134 M) while revenue surged 45% to ₹5,468 crore (≈$660 M). The quarter saw a sequential profit jump of 150% from the December period, prompting several brokerages...
Gold & Silver Ready for Next Big Leg Up? 360 ONE Asset’s Rahul Khetawat Shares Tactical Allocation Strategy
Gold and silver have paused after reaching all‑time highs, and 360 ONE Asset’s Rahul Khetawat sees the lull as a technical pause rather than a trend reversal. He points to a potential Federal Reserve rate cut as the next catalyst, which...
Vodafone Idea Shares Jump 2% to a Fresh Record High, Rally over 100% in 1 Year. What’s Ahead?
Vodafone Idea’s stock surged over 2% to a fresh 52‑week high of Rs 14.06 (≈ $0.17), extending a five‑day winning streak and marking its first breach of the Rs 14 level since September 2024. The telecom giant posted a Q1 FY2026 net profit of...