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Four Nifty500 stocks, including Mazagon Dock Shipbuilders, LT Foods, Navin Fluorine International and JSW Infrastructure, have appeared in the RSI Trending Up scan after gaining over 6%. The signal indicates strengthening momentum, with the Relative Strength Index crossing above the 50 mark, often seen by traders as a potential bullish indicator.
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India Inc’s overseas fundraising plans are stalled due to the West Asian conflict, causing global yields to rise. Lenders and companies are awaiting geopolitical clarity, as bond and loan rates have increased. This situation makes companies with significant Middle East revenue exposure less appealing to financiers, prompting increased caution.
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Asian equities experienced their steepest weekly loss in six years as renewed Iranian strikes and the ongoing Middle East conflict drove a broad retreat in risk assets. Oil prices edged lower, though they remain on track for their biggest weekly surge since 2022 amid supply disruption concerns. Markets remain tense as Iran shows no intention of backing down.
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Oil prices fell more than two percent in early Asian trade after strong gains in recent days on the back of the conflict in the Middle East. “Further action to reduce pressure on oil is imminent and the oil (price) seems to have pretty much stabilised,” US President Donald Trump said on Thursday.
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Indian markets saw a strong rebound on Thursday, closing with gains over one percent. Improved global sentiment and buying in major stocks fueled the rise. Several companies like Indian Oil, GAIL, and Mazagon Dock are in focus due to significant news. Petronet LNG issued a force majeure notice. Hindustan Zinc is collaborating on research.
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