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India’s largest commodity exchange, MCX, will observe a partial trading holiday today for Shri Ram Navami, resuming in the evening. Equity markets NSE and BSE are fully closed. NCDEX will remain shut for the entire day. This follows a strong performance in Indian equity markets on Wednesday.
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Indian stock market is showing strong recovery, gaining for a second consecutive day. Investors are regaining confidence as crude oil prices cool and diplomatic talks are underway. Analysts predict the upward trend may continue, with potential for further gains in the coming days. Sectors like autos, metals, and BFSI are expected to lead this recovery.
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Jio Platforms is preparing for a $4 billion IPO, offering a partial exit for its 14 global investors, including Meta and Google. The offer for sale will see early shareholders trim approximately 8-8.5% of their stakes, reducing their combined holding to about 30% post-IPO. Reliance Industries will maintain its 67% ownership.
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Wall Street indexes climbed as falling oil prices and Iran’s review of a U.S. proposal offered hope for de-escalation in the Middle East conflict. Despite mixed messages from Iran, investor sentiment improved, leading to gains across major indices. Energy stocks lagged, while materials and consumer discretionary sectors saw strong performance.
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Crude oil and equities showed caution as conflicting reports emerged regarding US-Iran ceasefire talks. While the US insists negotiations are ongoing, Iran has rejected President Trump’s outreach, leading to market volatility. Investors await clearer outcomes amid ongoing troop deployments and differing demands for a truce.
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