Gold prices held firm Friday, yet are poised for a weekly decline. Soaring oil prices, fueled by stalled U.S.-Iran peace talks, are sparking inflation worries and the prospect of prolonged high interest rates. This energy shock is straining the global economy, impacting factory costs and weakening economic activity.Read More

Indian stock markets declined nearly 1% on Thursday, mirroring losses in Asian benchmarks as Brent oil prices surpassed $100, fueling cautious sentiment. Analysts anticipate range-bound trading until strong market triggers emerge, with the Nifty closing at 24,173.05 and Sensex at 77,664.Read More

HSBC has downgraded India to underweight, citing inflationary pressures from elevated oil prices and demand as key concerns. The brokerage anticipates a delay in India’s economic recovery, with potential earnings cuts expected to impact valuations despite recent market sell-offs. This downgrade reflects weakening relative attractiveness for Indian equities compared to regional peers.Read More

Global oil price surges, triggered by the US-Iran conflict, have fueled a significant increase in retail trading of crude derivatives on Indian exchanges. Futures and options volumes saw a dramatic rise in March, with traders actively participating in short-tenure positions despite tightened trading conditions and higher margins.Read More

The Indian Rupee fell for the fourth consecutive day on Thursday. This decline followed the Reserve Bank of India’s decision to remove restrictions on foreign exchange trading. Higher crude oil prices also contributed to the Rupee’s weakening. The currency closed at 94.11 against the US Dollar. Brent crude futures surpassed the $100 per barrel mark.Read More

Indian IT firms are seeing steady new deals and operating margins. However, revenue growth is slowing down quarter-on-quarter because projects are delayed. Artificial intelligence also poses a risk to future earnings. Companies like Infosys and HCLTech have given cautious growth forecasts for the upcoming financial year. IT stocks may face pressure in the short term.Read More

Markets experienced a corrective session on Thursday, extending previous weakness amid adverse global cues. Key companies like RIL, Infosys, and Adani Energy are in focus due to Q4 results and news developments. Tata Capital reported a 43% net profit growth, while Cyient approved a Rs 720 crore share buyback alongside a weak March quarter performance.Read More

Indian markets faced pressure on Thursday due to escalating West Asian tensions, with analysts expecting continued weakness. Stalled US-Iran talks and naval blockades are keeping risk sentiment fragile, impacting crude oil, the rupee, and institutional flows. The rupee also extended its losing streak against the dollar.Read More

The yuan is poised to surpass the yen as the second-most traded currency against the dollar in foreign-exchange options, according to LCH. This shift, expected by 2028, reflects growing yuan internationalization and market demand for currency diversification beyond the dollar.Read More

Shapoorji Pallonji Group is nearing the closure of a ₹25,400 crore debt raise by May 15, featuring annual coupons around 18.75%. This fundraising, part of Project Ascent, will utilize USD bonds and bespoke loans to refinance existing debt, including bonds secured against its Tata Sons stake.Read More