Oil prices surged over $3 a barrel as the U.S. and Iran failed to reach a peace agreement, keeping the Strait of Hormuz largely shut and global supplies pressured. President Trump rejected Iran's response to a U.S. proposal, citing its unacceptability.
Value 360 Communications shares debuted on the NSE SME platform Monday. The stock opened at Rs 78.4, a 20% discount to its IPO price of Rs 98. This listing was below grey market expectations. The Rs 41.69 crore IPO saw overall subscription of 1.20 times. Institutional investors showed strong interest, while retail demand was subdued.
Asian stocks advanced, led by AI-focused companies, as traders overlooked Middle East tensions. Despite rising oil prices and concerns over inflation, the market remains optimistic about corporate profits driven by AI investments. Investors are largely betting on a de-escalation in the Middle East, though volatility persists.
State Bank of India aims to maintain net interest margins above 3% in FY27, driven by easing funding costs from deposit repricing. However, slower CASA deposit growth compared to credit expansion may necessitate reliance on costlier term deposits. The bank plans to boost yields by accelerating growth in retail and MSME loans to offset margin pressures and support fee income.
Reliance Industries is shifting Jio Platforms' IPO from an offer for sale to a fresh issue due to investor disagreements on pricing. This move prioritizes protecting retail investors by allowing market determination of post-listing prices, with proceeds directly benefiting the company for debt repayment and expansion.
Geopolitical tensions in Iran, potentially disrupting oil supplies and raising energy prices, could prompt the Federal Reserve to delay interest-rate cuts and even consider hikes. This development complicates the Fed's efforts to curb inflation, with experts suggesting a more hawkish stance might be necessary globally.
Indian stock market benchmark Nifty is currently trading within a narrow range. Analysts observe mixed signals, with a bullish structure intact but facing resistance. Traders are awaiting a clear direction. Key levels to watch are 24,600 as resistance and 23,800 as support. Bank Nifty also shows improving momentum. Specific stock recommendations are provided for traders.
Indian stocks are facing losses while other economies see gains. This is due to a global AI investment frenzy benefiting chip makers like Samsung Electronics and SK Hynix. India lacks direct AI exposure, leading to lower corporate earnings growth. Foreign investors are seeking better returns elsewhere, impacting the Indian market.
