G-Secs Rally on RBI Governor’s Rate Hike Comments; Brent Crude Oil Price Fall Also Lends Support
Indian government securities rallied on Wednesday as RBI Governor Sanjay Malhotra signaled that a rate hike is premature, prompting the 10‑year benchmark G‑Sec yield to slip 5 basis points to 6.78%. The rally was reinforced by a drop in Brent crude to below $76 a barrel, easing inflation pressures. Foreign portfolio investors poured over $3 billion into Indian debt since April, supporting both bond prices and the rupee, which closed modestly higher. Market analysts see the momentum driven by sentiment and external factors rather than a fully resolved macro backdrop.
Sensex Jumps over 775 Pts Led by Banks, Financial Rally
The BSE Sensex jumped over 775 points to close at 76,826 on June 24, buoyed by strong buying in banks and financial services. The rally was reinforced by the Reserve Bank of India governor’s dovish comments on interest‑rate policy and...
Gold Slips to Two-Week Low as Fed Rate-Hike Bets Buoy Dollar
Gold slipped to a two‑week low of $4,064 per ounce as the U.S. dollar rallied on heightened expectations of three Federal Reserve rate hikes in 2026. The decline follows a 23% drop in bullion since the February escalation of the...
Foreign Portfolio Investors Pour ₹35,000 Crore Into Indian Bonds in June After Tax Exemption
Foreign portfolio investors (FPIs) poured roughly $4.2 billion (₹35,000 crore) into Indian government bonds in June after the government granted a tax exemption on interest and capital gains. The move boosted Fully Accessible Route (FAR) holdings to about $43 billion (₹3.58 lakh crore), up from...
Government to Sell up to 2 per Cent Stake in IRFC via OFS From Wednesday
The Indian government announced an offer‑for‑sale (OFS) to divest up to 2 percent of Indian Railway Finance Corporation (IRFC), comprising an immediate 1 percent stake and a 1 percent green‑shoe option. The floor price has not been disclosed, and IRFC shares slipped 2.16 percent...
Centre Auctions 56 Critical Mineral Blocks, Expands Exploration Licences to 11 Blocks
India’s Ministry of Mines completed the auction of 56 critical and strategic mineral blocks, achieving a 63% success rate across 88 offered parcels. The latest tranche introduced the first-ever auctions in Gujarat, Uttarakhand and Telangana and added ten new blocks...
Rupee Falls 34 Paise to Close at 94.67 Against US Dollar
The Indian rupee slipped 34 paise to close at 94.67 per U.S. dollar on Monday, reflecting a stronger dollar and lingering geopolitical uncertainty. Traders cited robust foreign‑currency inflows that were offset by a firm dollar and unclear progress on Middle‑East peace...
Asian Energy Wins ₹187.6-crore Contract From Gujarat State Electricity Corporation
Asian Energy Services Ltd secured a roughly $22.6 million EPC contract from Gujarat State Electricity Corporation to upgrade the coal‑handling plant at the Ukai Thermal Power Station. The deal marks the firm’s first major order beyond Coal India subsidiaries, expanding its...
Nifty Holds Above 24,100 at Midday; Pharma, IT Lead Gains as Breadth Stays Strong
The Nifty 50 held at 24,121.75 on June 22, staying above the 24,100 support zone while the Sensex rose 0.48% to 77,171.29. Broad market participation was evident as 2,601 stocks advanced against 1,619 declines, with 196 hitting 52‑week highs. Pharma led the...
Iris Clothings Enters Quick Commerce; Stock Hits Near 52-Week High
Iris Clothings Limited announced its entry into India’s quick‑commerce market through a partnership that will initially serve Bengaluru and Hyderabad. The move expands its omnichannel strategy, which already includes distributor sales, exclusive brand outlets and a direct‑to‑consumer platform. On the...
Investors Paying Too Much for Future Growth May Be Hurting Returns: Morgan Stanley
Morgan Stanley’s Counterpoint Global Insights report warns that investors are overpaying for future growth, as stocks with lower present‑value‑of‑growth‑opportunity (PVGO) percentages have historically outperformed. Analyzing U.S. companies with market caps above $1 billion from 1990‑2024, the study found a median five‑year...
Silver Futures Sink 4% to ₹2.28 Lakh/Kg as Uncertainty over US-Iran Deal Hits Market Sentiment
Silver futures on India’s MCX fell 4% on Friday, closing at ₹2.28 lakh per kilogram (about $2,750/kg), after a 5.7% plunge the day before. The drop was sparked by renewed uncertainty over the stalled US‑Iran peace talks and heightened Middle‑East tensions....
Sensex Today | Stock Market Live: Sensex Sheds over 800 Pts, Nifty Slips Below 24,000 as IT Stocks Plunge over...
Indian equities opened lower on June 19, 2026, with the Sensex shedding 807 points to 76,603 and the Nifty 50 slipping below the 24,000 mark. The decline was driven by a sharp IT sector sell‑off—Nifty IT fell more than 5% after...
Strait of Hormuz Reopening: Recovery Likely in Phases From July, LPG to Get Priority
The Strait of Hormuz is set to reopen in phases beginning in early July, with liquefied petroleum gas (LPG) receiving top priority for India’s import needs. LPG imports have fallen to roughly 51% of pre‑war levels, prompting an urgent restocking...
Tax Cut Pulls Global Bond Funds to India, Backing Rupee
India has eliminated taxes on foreign investors’ holdings of government bonds and lifted ownership caps, while the RBI pledged to subsidize hedging costs for offshore deposits. The reforms have attracted roughly ₹32,630 crore ($3.5 billion) of new inflows into index‑eligible Indian sovereign...