Rupee Falls 45 Paise to 94.67 Against US Dollar in Early Trade
India's rupee weakened to 94.67 per U.S. dollar in early Friday trade, slipping 45 paise from the previous close. The decline coincided with Brent crude climbing back to $101 a barrel after U.S. and Iranian forces exchanged fire near the Strait of Hormuz. The dollar index rose to 98.20, adding pressure to Asian currencies, while Indian equity benchmarks fell, with the Sensex down 353 points. Foreign Institutional Investors off‑loaded roughly ₹340.9 crore (about $41 million) of Indian equities the day before.
Central Banks Turn Net Sellers of Gold for the First Time in 10 Months
For the first time in ten months, central banks were net sellers of gold in March, disposing of roughly 30 tonnes. Turkey led the outflows with a 60‑tonne sale, while Russia shed 6 tonnes, both citing liquidity and budget needs. In contrast,...
Markets Catch a Whiff of Peace as Oil Cools, but Risks Linger
A tentative US‑Iran memorandum sparked a sharp retreat in oil, with Brent falling 7% to $102 a barrel and WTI dropping 8% to $94, the steepest two‑session decline since the April ceasefire. The easing of supply‑risk fears lifted Indian equities,...
Mutual Funds Accelerate Launch of New Passive Investment Products
Mutual‑fund houses in India are fast‑tracking new passive ETFs as equity markets recover. SBI Mutual Fund will debut two ETFs – the Nifty200 Value 30 and the Nifty Smallcap 250 – on May 7, offering value‑screened large‑cap exposure and broad small‑cap coverage. Groww...
Gold, Silver Firm up on Prospects of Easing US-Iran Tensions
Gold surged to ₹1,50,860 per 10 g (≈ $5,600 per ounce) and silver to ₹2,49,067 per kg (≈ $93 per ounce) as news of a possible US‑Iran peace deal lifted market sentiment. The rally coincided with Brent crude dropping 7% to about $102...
APEDA to Conduct Basmati Survey in 4 Mln Ha, Double the Area of Actual Crop Grown
Union Minister Jitin Prasada announced APEDA's AI‑driven Basmati Paddy Survey (2026‑2028), targeting roughly 4 million hectares—about double the 2.14 million‑hectare area reported in APEDA's 2023 data. The project will gather over 150,000 ground‑truth points and engage half a million farmers to improve varietal...
Mindspace REIT Raises ₹500 Crore via Debenture Issue
Mindspace Business Parks REIT has raised about ₹500 crore ($61 million) through a fully‑subscribed 10‑year non‑convertible debenture. The bonds offer a 7.63% annual coupon and carry AAA/Stable ratings from Crisil and ICRA. Proceeds will be used primarily to refinance existing debt, locking...
Broker’s Call: Sobha (Buy)
Elara Securities upgrades Sobha to a Buy with a target of ₹2,500 ($30) as the developer posts strong Q4 and FY26 pre‑sales. Q4 pre‑sales reached ₹2,040 crore ($246 M), up 11% YoY, driven by 1.3 million sq ft of volume and the new Sobha Rivana...
India Ratings Lifts Syrma SGS to ‘IND AA’; Stock Hits 52-Week High
India Ratings and Research upgraded Syrma SGS Technology Ltd’s long‑term bank‑loan rating to IND AA with a stable outlook, citing sustained revenue growth and higher profitability. The upgrade covers ₹7.8 billion ($94 million) of bank loans and ₹1.1 billion ($13 million) of commercial paper. On...
SEBI Proposes Allowing Online Bond Platforms to Provide Access to Overseas-Listed Debt
SEBI has issued a consultation paper proposing that online bond platforms be permitted to sell debt securities listed overseas and regulated by the International Financial Services Centres Authority (IFSCA). The change would bring bond platforms in line with stock brokers...
Sensex Today | Stock Market Live Updates: Sensex , Nifty Slip as Oil Shock Fears Rise; Rupee Sinks to Fresh...
Indian equities closed modestly higher on May 5 2026, with the Nifty 50 up 0.5% just below 24,120 and the Sensex mirroring the gain. Pharma led the market, rising 0.9% driven by Laurus Labs and Gland Pharma, while IT fell 0.9%; Adani Ports...
LTM, Uniphore Tie up to Build Domain-Specific AI for Banking, Manufacturing and Media Sectors
LTM Limited and Uniphore announced a strategic partnership to embed Uniphore’s Business AI Cloud into LTM’s BlueVerse ecosystem, creating domain‑specific small language models for banking, insurance, manufacturing, and media. The joint solution will incorporate governance, security and compliance by design, targeting use...
Adani Ports Slips After Early Surge; April Cargo Volumes Rise 15% YoY
Adani Ports and Special Economic Zone Ltd (APSEZ) reported a 15% year‑on‑year increase in total cargo handled in April 2026, reaching 4.31 crore metric tonnes, with container and dry cargo each expanding 17%. Despite the operational strength, the stock fell 0.67% to...
Yotta Data Said to Hire Advisors for $900 Million India IPO
Yotta Data Services Pvt., India’s largest AI‑focused data‑centre operator, is preparing a Mumbai IPO that could raise up to $900 million, with a potential $300 million pre‑IPO round. The company has hired ICICI Securities and SBI Capital Markets as advisers and aims...
STT Hike Impacts Equity Derivatives Trading, BSE Cuts Charges to Enhance Liquidity
The Securities Transaction Tax (STT) increase in April pushed NSE’s equity derivatives volume down, with its average daily notional turnover (ADT) falling 26% to about ₹216 lakh crore (≈ $2.6 trillion). Meanwhile, BSE’s ADT rose nearly 20% to ₹269 lakh crore (≈ $3.2 trillion) as it slashed fees—zero...
Gains Narrow by Noon; Kotak Bank, Bharti Airtel Drag as Broader Market Stays Firm
Indian equities held gains into midday on May 4, with the BSE Sensex up 0.53% at 77,324 and the NSE Nifty 50 up 0.52% at 24,122. The rally was led by consumer‑goods heavyweight Hindustan Unilever, which jumped 3.9% on roughly $37 million of...
RBI, IRDAI Not Inclined to Allow Commodity Derivative Investments, SEBI Says
SEBI Chairman Tuhin Kanta Pandey said the Reserve Bank of India and the Insurance Regulatory and Development Authority of India are not inclined to let banks and insurers invest in commodity derivatives. SEBI previously announced it would work with the...
Prudent Corporate Launches AI Platform ‘Edge+’ for Mutual Fund Distributors
Prudent Corporate Advisory Services Limited has introduced Edge+, an AI‑powered platform for mutual fund distributors. The solution consolidates goal‑based planning, business analytics, marketing automation and research tools into a single interface, allowing distributors to generate asset‑allocation strategies and execute transactions....
WeWork India Opens New Aerocity Centre, Expands NCR Footprint
WeWork India opened its 17th NCR centre at Worldmark 6 in Aerocity, adding about 1.1 lakh sq ft (≈12,000 sq m) and over 1,400 desks. The launch targets enterprises, global capability centres and high‑growth firms, offering premium amenities and direct metro access. It comes as India’s...
Kotak Mahindra Bank Shares Fall 5% Despite Q4 Profit Beat, Top Nifty 50 Loser
Kotak Mahindra Bank posted a 13% year‑on‑year rise in Q4 FY26 net profit, reaching ₹4,027 crore (≈ $485 million), driven by higher net interest income and sharply lower provisions. Despite the earnings beat, the shares slipped up to 5% in early trade, closing...
Most Models Predict El Nino May Last Until January 2027: IMD
The India Meteorological Department says most climate models now forecast an El Nino event that could linger until January 2026, curbing monsoon rains to about 92% of the long‑period average. The weakened southwest monsoon is expected to hit the Andaman and Nicobar...
Exit Polls May Lift Markets Briefly, but Oil Remains Key Risk for Equities
Indian equity markets may receive a fleeting lift from exit polls indicating that incumbents will retain power in most states, but the boost is likely short‑lived. Kotak Institutional Equities warns that crude‑oil price movements remain the dominant short‑term risk for...
PE-VC Investments Down 32% Y-O-Y in April
Private equity and venture capital investment in April 2026 fell 32% year‑on‑year to $1.9 billion, down from $2.8 billion a year earlier. The number of deals slipped 30% to 87, and mega‑deals over $100 million shrank to six, representing $1.1 billion of capital. Early‑stage...
Market Turbulence Hit AMCs in Q4 on Sequential Basis, Long-Term Appears Bright
Asset‑management companies (AMCs) in India saw sequential profit declines in Q4 2025 as volatile equity markets and a weaker rupee hit earnings, with UTI AMC posting a $8 million loss after a $14.6 million profit in the prior quarter. Despite the downturn,...
Petrol and Diesel Rates Could Rise in Near Future. Here’s Why
India’s four‑year freeze on retail petrol and diesel prices is under pressure as global crude oil surged to $126 per barrel, well above the $110 threshold. State‑owned oil firms report losses of roughly ₹20 ($0.24) per litre on petrol and...
Global Markets Mixed Amid May Day Closures, Oil Steady at $111 per Barrel
Global equity markets posted mixed results on May 1 as many exchanges observed May Day holidays, while U.S. futures edged higher. Brent crude hovered around $111 per barrel, a modest rise despite heightened tension over Iran’s war and the prospect of reopening...
Q4 Results Today Live: Adani Ports, Bajaj Finserv, Cholamandalam & HUL Q4 Profit Rise, Adani Enterprises & Go Fashion Profit...
Indian listed companies released Q4 2026 results, showing a mixed earnings landscape. Adani Ports lifted consolidated profit 9% YoY to ₹3,308 cr (≈$398 M), while Adani Enterprises’ standalone profit plunged 92% to ₹344 cr (≈$41 M). Hindustan Unilever posted a 17.5% profit jump to ₹2,930 cr (≈$353 M)...
Silver Rallies ₹7,100 to ₹2.4 Lakh/Kg in Futures Trade on Strong Global Trends
Silver futures on India’s Multi Commodity Exchange surged 3.04% to ₹2.40 lakh per kilogram (≈ $2,900) after the U.S. Federal Reserve kept its benchmark rate unchanged at 3.5‑3.75%. The May contract rose ₹7,100 to ₹2,40,300/kg with 509 lots traded, while the July...
Sensex Today | Stock Market Live Updates: Sensex, Nifty Close in Red as Market Breadth Turns Sharply Negative
India’s benchmark indices closed lower on April 30, with the Sensex slipping 582 points to 76,913 (-0.75%) and the Nifty 50 falling 180 points to 23,997 (-0.74%). Market breadth turned sharply negative – 1,295 stocks advanced versus 1,976 decliners – and...
Welspun Enterprises Bags ₹7,300 Crore Pune-Shirur Highway Contract
Welspun Enterprises Ltd secured a DBFOT contract from Maharashtra State Infrastructure Development Corp to build a six‑lane, partially elevated 53.4‑km Pune‑Shirur highway on NH‑753F. The project is valued at roughly ₹7,300 crore (about $880 million) and carries a 29‑year sub‑concession, including four...
ETF Inflows Hit Record ₹1.8 Lakh Crore in FY26, Driven by Surge in Gold, Silver Investments: Report
Indian exchange‑traded funds recorded a record net inflow of about ₹1.8 lakh crore ($21.7 billion) in FY26, more than twice the previous high. Commodity ETFs, led by gold and silver, accounted for roughly 55% of the flow, with gold ETFs alone attracting...
Gold Price Rises over 1% to ₹1.5 Lakh/10g on Fed Pause, Geopolitical Worries
Gold surged more than 1% on Thursday, reaching ₹1.5 lakh (about $1,800) per 10 grams and $4,633.91 per ounce, as the U.S. Federal Reserve left rates unchanged at 3.5‑3.75%. The rally was driven by bargain‑buying after recent dips and heightened geopolitical tension...
Thomas Cook India Forex Card Expands to 28 Currencies
Thomas Cook India announced that its prepaid forex card now supports 28 currencies, adding 16 new ones such as the Chinese Yuan, Vietnamese Dong and South African Rand. The expanded offering, available on both Visa and Mastercard, lets users load...
CCI Clears Mizuho Securities Stake Purchase in Avendus Capital
The Competition Commission of India approved Mizuho Securities' purchase of a stake in merchant banker Avendus Capital, a firm with operations in India, Singapore, the US and the UK. The regulator also cleared the merger of three edible‑oil companies—A1 Agri...
SEBI Weighs Uniform Regime for Options Strike Prices
India’s securities regulator, SEBI, is reviewing a proposal to institute a uniform regime for options strike prices across exchanges. The plan would let exchanges introduce new strike levels during market hours, especially when underlying assets experience sharp intraday moves, eliminating...
India’s Fertilizer Production Drops as Iran War Disrupts Supplies
Fertilizer production in India for March‑April 2026 is projected at about 64 lt, roughly 12 lt (≈ 15 %) lower than a year earlier. The decline is driven by a 24 % fall in urea output to 35.42 lt, as LNG feedstock supplies were disrupted after...
Blackstone-Backed Bagmane Prime Office REIT to Go Public; Plans to Raise ₹3,405 Crore via IPO
Bagmane Prime Office REIT, backed by Blackstone, filed its offer document to raise up to ₹3,405 crore (≈ $415 million) through an IPO. The raise comprises a fresh issue of ₹2,390 crore and an offer‑for‑sale of ₹1,015 crore, with the issue opening on May 5 and...
Rupee Closes at a One-Month Low on Rising Crude Oil Prices
The Indian rupee slipped to a one‑month low of 94.54 per U.S. dollar, pressured by rising crude oil prices that breached the $110‑per‑barrel threshold and a $223 million outflow of foreign portfolio investment from equity markets. Intraday trading saw the currency...
Sahi Raises $33 Million in Series B Funding Led by Accel, Elevation Capital
Sahi, an AI‑native brokerage launched in August 2023, raised a $33 million Series B round led by Accel with participation from Elevation Capital. The platform reported a 24‑fold increase in trade volume and a 19‑fold rise in active traders between April 2025 and...
Broker’s Call: DCB Bank (Buy)
DCB Bank posted robust Q4 FY26 results, with deposits up 20.9% YoY and loans rising 17.6%, pushing the current price to ₹190.90 (≈ $2.3). Net interest margin improved sharply while asset quality tightened, as net slippages turned negative and gross slippages...
Johnson Lifts Becomes Majority Shareholder in Toshiba Johnson JV
Johnson Lifts Pvt. Ltd., India’s largest elevator and escalator maker, increased its equity stake in Toshiba Johnson Elevators (India) Pvt. Ltd. from 49% to over 80%, becoming the majority shareholder. The joint venture, formed in 2012, now represents about 20%...
Broker’s Call: Mahindra Finance (Buy)
Mahindra Finance posted a 39% jump in core earnings, topping estimates by 9%, with assets under management up 12% YoY as loan disbursements rose 11%. Net interest margin widened 70 basis points to 7.3% and fee income surged 44%, reflecting...
Nifty Snaps Three-Day Losing Streak, Climbs 195 Points; Midcaps Lead the Charge
India's Nifty 50 snapped a three‑day slide on Monday, closing at 24,092.70, up 0.81%. The rally was broad‑based, with pharma, realty, IT, media and consumer durables each gaining 2‑3%, while financials lagged. Mid‑cap and small‑cap indices outperformed, rising 1.47% and 1.90%...
Paytm Shares Recover From Early Lows, End Down 0.83% as Payments Bank Winds up; Goldman Holds Buy
Paytm’s parent One 97 Communications saw its shares recover from an early‑day low of ₹1,051 ($12.8) to close at ₹1,132 ($13.80), just 0.83% down. Goldman Sachs kept a Buy rating, lifting its 12‑month price target to ₹1,400 ($17) – about 24% upside...
Axis Bank Shares Lead Nifty 50 Losers After Q4 Results, Brokerages Flag Mixed Performance
Axis Bank’s shares slid nearly 5% in early trade, closing 3.05% lower at ₹1,324.20, after the lender reported a marginal dip in standalone net profit to ₹7,071 crore (≈$852 million) versus ₹7,117.5 crore a year earlier. While loan growth remained robust at 6.4%...
Shriram Finance Shares Fall Despite Strong Q4 Profit Growth
Shriram Finance posted a 41% jump in Q4 FY26 standalone net profit to ₹3,014 crore (≈$363 million), driven by strong growth in commercial‑vehicle, passenger‑vehicle, farm‑equipment and gold‑loan segments. Despite the earnings beat, the stock slipped about 5%, closing at ₹974.65 after hitting...
Stock Market Highlights: Sensex, Nifty Rebound, Snap Three-Day Losing Streak on IT, Sun Pharma Rally
Indian equities rebounded on April 27, 2026, with the Sensex climbing 0.83% to 77,303.63 and the Nifty 0.81% to 24,092.70, snapping a three‑day losing streak. Gains were led by a 2.2% rise in the IT index and a 7% surge...
SBI Funds Set to Start Marketing $1.5 Billion IPO Next Week
SBI Funds Management Ltd., India’s largest asset manager, will begin marketing a $1.5 billion IPO as early as next week. The company plans to sell roughly 75% of the issue to domestic investors and may raise an additional $350 million through a...
Cyient Shares Slide 4% After Q4 Miss; Buyback at Premium Offers Limited Cushion
Cyient’s shares fell 4.16% to ₹897 (≈ $10.80) after the engineering‑services firm reported a sharp Q4 profit decline. Consolidated net profit dropped to ₹54.80 crore (≈ $6.6 million) from ₹91.8 crore a quarter earlier, while revenue rose modestly to ₹1,930 crore (≈ $231 million). The board approved a...
No Change in Bt Cottonseed MRP for 2026-27
The Union Agriculture Ministry kept the maximum retail price (MRP) of Bt cottonseed unchanged for the 2026‑27 kharif season, holding Bolgard II at ₹900 (≈$11) and Bolgard I at ₹635 (≈$7.6) per 450‑g packet. This follows a 4% hike last year and...