India is reportedly considering a significant reduction in taxes for foreign investors on its bonds. This move, recommended by the Reserve Bank of India and seriously considered by the Finance Ministry, aims to align with global norms, attract inflows, and curb the rupee's depreciation. The rupee recently hit a record low against the U.S. dollar.
Copper prices are surging, driven by a confluence of factors including geopolitical tensions, structural supply shortages, and booming AI-driven demand. The metal is increasingly viewed as a strategic commodity for the AI era, with markets anticipating a prolonged supply crunch due to underinvestment and long lead times for new mining projects.
Zydus Lifesciences shares witnessed a spike on Thursday after the company said its board will meet on May 19 to consider a share buyback. The stock also gained momentum as Zydus announced a $166 million acquisition of US-based Assertio. Investor sentiment improved on expectations of capital return and strategic business expansion.
HAL Q4 Results: The defence majors revenue from operations rose 2% YoY to Rs 13,942 crore in Q4FY26, from Rs 13,700 crore reported in the corresponding quarter of the previous financial year.
A high-stakes meeting between US President Trump and Chinese President Xi Jinping is closely watched for signs of stability amid escalating geopolitical friction. Market strategist Shaun Rein highlights the summit's significance, noting that while trade and AI are key, the West Asia crisis may dominate discussions due to US reliance on China's diplomatic leverage.
Foreign investors have divested $53 billion from Indian equities since late 2024, leading to underperformance against emerging markets. Domestic institutions have stepped in, becoming the dominant force and increasing their shareholding to a record 18.6%, effectively 'domesticating' the market and cushioning FII selling pressure on select stocks.
Morgan Stanley's latest India model portfolio reflects a mix of consumption, financials, infrastructure, utilities and real estate themes. The brokerage continues to favour companies with strong balance sheets, sector leadership and long-term earnings visibility despite ongoing market volatility. The portfolio includes both defensive consumption names and cyclical growth plays, showing a preference for businesses tied to Indias domestic demand, infrastructure spending and premiumisation trends.
