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Business
Rupee's forex boost fades fast, may trade at 96 levels
The Indian rupee has weakened against the US dollar after recent gains. Renewed US-Iran tensions have pushed crude oil prices higher globally. The Reserve Bank of India's intervention helped limit further depreciation o...
Goldman Sachs sees Nifty rallying to 26,500, signals nearly 9.5% upside
Goldman Sachs anticipates Nifty's recovery to 26500, indicating a significant upside potential. This outlook stems from lower commodity prices and a stabilized currency, which are positive indicators. Healthy second-qua...
US stocks today: US stocks end lower as Iran tensions dampen risk appetite; chipmakers drop
Tech stocks dragged Wall Street lower as escalating US Iran tensions and a renewed blockade lifted oil prices and dented risk appetite. Nasdaq led losses amid chip stock weakness, while energy shares supported the Dow....
SK Hynix US-listed shares slip nearly 8% as Nasdaq debut euphoria cools
SK Hynix’s US-listed shares fell nearly 8% after a strong Nasdaq debut, as investors booked profits in AI-linked chip stocks. The decline triggered broader weakness across global semiconductor stocks, with sharp losses...
Global Markets: Shein eyes up to $3 billion Hong Kong IPO as soon as August, Bloomberg News reports
Fast-fashion powerhouse Shein is gearing up for an initial public offering in Hong Kong, aiming to secure between two to three billion dollars in funds. The company's long-awaited entry into the public market has been g...
Market wrap: TCS, HCL Tech among top gainers and losers on Nifty and Sensex today
Sensex and Nifty recovered sharply from nearly 1% intraday losses to close marginally higher, led by IT stocks. Analysts cited strong FII inflows and technical support at 24,000, while warning that rising crude oil pric...
Oil pangs resurface for rupee, options market gauge signals bearish bias
On Monday, the Indian rupee fell to its lowest level in over a month, driven down by rising oil prices amid escalating tensions between the US and Iran. Despite the currency's decline, traders observed that the central...
Sensex rises 47 points, Nifty closes above 24,200 as market recovers all morning losses. What’s ahead?
Indian benchmark indices erased steep intraday losses to end marginally higher on Monday, supported by a strong rally in IT stocks and continued foreign fund inflows despite escalating tensions between the US and Iran....
US Stock Market: Fed Chair Kevin Warsh unveils expert panels to overhaul US Central Bank policy framework
Federal Reserve Chairman Kevin Warsh announced a comprehensive review of monetary policy. Five taskforces comprising prominent economists will lead this extensive review. These panels include experts from academia, busi...
TCS, HCL Tech, Infosys, other IT stocks rally up to 6%, Nifty IT surges 4%. Here's why
IT stocks led by TCS, HCL Technologies and Infosys rallied sharply on Monday, lifting the Nifty IT index nearly 4% despite weakness in the broader market. The sectoral index climbed to a more-than one-month high and has...
FIIs pour over $1 billion into Indian stocks, biggest weekly buying since June 2025
Foreign investors bought over $1 billion worth of Indian equities last week, marking their biggest weekly purchase since June 2025. Goldman Sachs expects inflows to continue, supported by a stable rupee and improving ea...
Rupee hits one-month low as renewed Mideast conflict lifts oil prices
The Indian rupee reached its weakest point in over a month on Monday. Renewed Middle East hostilities and Iran's Strait of Hormuz claim sent oil prices surging. State-run banks offered dollars, likely on behalf of the R...
Vedanta Iron, Vedanta Aluminium & other group stocks jump up to 5%. Should you buy?
Vedanta Group stocks gained on Monday, recovering from a recent correction after their stock exchange debut. Vedanta Iron and Steel shares rose nearly 5%, while Vedanta Oil and Gas also saw an increase. Vedanta Power sh...
HDFC Bank shares drop 2%. What lies ahead as lender set to announce Q1 earnings this week?
HDFC Bank shares dropped on Monday ahead of its Q1 FY27 earnings this week, erasing around Rs 21,500 crore in market value. While the lender reported strong loan growth in its business update, investors will closely tra...
Top developments that could move global markets this week
Global markets face a pivotal week with TSMC and major U.S. bank earnings, U.S. inflation data, China's GDP numbers, and Middle East tensions shaping investor sentiment, oil prices and rate expectations.
Goldman Sachs pegs Nifty target at 26,500 by June 2027; lists 15 stocks from key themes
Goldman Sachs has turned more constructive on Indian equities, forecasting the Nifty 50 to rebound to 26,500 by June 2027. The brokerage cited an improving macro backdrop, easing foreign selling, resilient domestic grow...
Q1 surprise sends jewellery stocks shining 40% in a month. Will the surge last in next quarters?
Indian jewellery stocks saw a 40% surge after strong June quarter business updates. Resilient demand and a shift to organized players supported this sector's impressive rally. Titan Company reported significant growth i...
Just Dial shares rocket 14% as profit rises to Rs 166 crore; revenue grows 10% YoY
Just Dial shares surged as much as 14% after the company reported strong Q1FY27 results. Net profit rose 4.1% YoY to Rs 166.2 crore, while revenue climbed 9.9% YoY to Rs 327.5 crore. EBITDA margin remained healthy at 26...