Markets

Reliance Industries shares fell over 1.5% to a 52-week low of Rs 1,270.60, completing nine straight sessions of losses. The 7% decline over the streak has erased roughly Rs 1,29,000 crore in market capitalisation, pressuring Nifty and Sensex given the stock's heavy index weighting.

Europe's STOXX 600 dropped to a two-week low as a 4%-plus oil price spike from fresh Israel-Iran exchanges hit airline stocks, while a global AI selloff dragged tech shares lower. Monte dei Paschi di Siena surged after Intesa Sanpaolo launched a takeover bid.

Nvidia rose 1.66% to $208.35 after its chief executive called the recent market pullback a discounted buying opportunity. The move helped lift the S&P 500 and Nasdaq as chip stocks rebounded and Iran announced a halt to strikes on Israel.

Trump has announced that Iran and Israel are seeking an immediate ceasefire, with Iran's military halting operations. Indian markets are likely to rebound, as easing West Asia tensions could pull crude oil prices lower and reduce pressure on the rupee and import bill.

The BSE Sensex fell 821.73 points and the Nifty 50 dropped 286 points at the open as US-Iran tensions drove a global risk-off sell-off. India's heavy dependence on imported crude oil makes its markets especially sensitive to Middle East conflict escalation.

The Nasdaq dropped 4% on Wednesday as rising bets on Federal Reserve rate hikes hit AI and technology stocks hard. The S&P 500 and Dow Jones also fell, reflecting broad investor concern that borrowing costs could stay higher for longer.

Shares of Tata Chemicals and Tata Investment Corporation fell around 3% after reports said Tata Trusts Chairman Noel Tata wrote to the RBI opposing a Tata Sons IPO.

Gold held steady as a partial Hezbollah-Israel ceasefire offset uncertainty from ongoing U.S.-Iran negotiations. Investors are awaiting U.S. jobs data and Federal Reserve commentary for clearer direction on rates and inflation.

Capitalmind MF founder Deepak Shenoy says FII outflows, rising crude prices, and rupee weakness are driving India's market stress, but domestic institutional flows are providing a partial cushion. He recommends pharma stocks as a defensive position and urges investors to avoid reacting to short-term volatility.

NHPC shares fell nearly 6% after the Indian government announced an offer for sale of a 6% stake at a floor price of ₹71 per share. The large supply hitting the market at a set floor price typically drives short-term selling pressure on the stock.

Infosys shares surged over 6% after the company launched Editorial Link Intelligence, an AI-powered content recommendation tool built with Germany's Handelsblatt Media Group. The move signals investor appetite for real-world AI deployments from large Indian IT firms.

Coinbase has relaunched in India with direct INR trading via IMPS bank transfers, ending a two-year absence after securing its Financial Intelligence Unit licence in March 2024.

Indian government bonds slipped Thursday as traders awaited the Reserve Bank of India's rate decision on Friday. Markets expect a pause, but Standard Chartered, Capital Economics, ANZ, MUFG, and OCBC all forecast a 25-basis-point hike, while rising oil prices add inflation risk.

SpaceX's IPO prospectus reveals a 2025 net loss of roughly $5 billion, $22.9 billion in total debt offset by $24.7 billion in cash, and a dual-class share structure giving Elon Musk over 85 percent of voting control.

Ola Electric Mobility has opened a qualified institutional placement with a floor price of Rs 37.74 per share to raise fresh capital. The move comes as the company faces slowing sales and market share pressure in India's electric two-wheeler segment, and follows a Rs 2,000 crore investment into subsidiaries for supply

The BSE Sensex fell 296 points and the NSE Nifty dropped 103 points in early trade as repeated setbacks in U.S.-Iran nuclear talks dented investor sentiment. Prolonged diplomatic uncertainty keeps oil supply tight, which raises costs for India's import-heavy economy and pressures equity markets.

NHPC shares dropped nearly 5 percent after the government launched an OFS to sell up to a 6 percent stake at a floor price of Rs 71 per share, an 8 percent discount to the market price. The offer, worth up to Rs 4,300 crore, opened for non-retail investors on Tuesday.

South Korea's AI chipmaker rally pushed its total listed market value to $5.01 trillion, overtaking India's $4.85 trillion on the NSE and dropping India to seventh in global market cap rankings. The shift reflects how concentrated AI hardware exposure is reshaping capital allocation and country-level valuations.

Nifty 50 companies posted 6.6% net profit growth in the January-March quarter, well above the 2% forecast by Kotak Institutional Equities. Escalating conflict involving Iran now threatens to raise oil and freight costs, clouding the outlook for the current quarter.

Nvidia's RTX Spark superchip deal with Microsoft pushed Intel and AMD shares lower as investors read the partnership as a sign of tightening vendor preference at one of the world's biggest tech buyers. Dell and HP gained, as a new premium chip typically drives enterprise hardware refresh cycles.