Latest
🇮🇳97d ago
Oil Nears Two-Month Lows as US-Iran Peace Deal Reports Surface
Oil prices have fallen to their lowest levels in nearly two months following reports that U.S. and Iranian officials are moving toward a de-escalation agreement, with a potential memorandum expected to be signed soon. The reported deal could ease geopolitical tensions affecting the critical Strait of Hormuz, a major global oil transit route.
🇮🇳97d ago
Retail Investors Drive SpaceX IPO Surge With Record Participation
SpaceX's initial public offering attracted substantial retail investor interest, with 30% of shares allocated to individual buyers and the stock surging 19% on the first trading day. Record brokerage participation and high demand underscore growing appetite among retail traders for access to high-profile space technology companies.
🇮🇳97d ago
Indian Wealth Managers Urge Measured Approach to Global Asset Allocation
Wealth managers at India's ET Alpha Wealth Summit confirmed that the country's affluent investors are increasingly considering global market exposure, but experts stressed the importance of maintaining a strong domestic asset base before pursuing international investments. The consensus emphasized a disciplined, staggered approach to global allocation rather than reactive decisions driven by short-term market underperformance.
🇮🇳97d ago
Global stocks rise on SpaceX debut; oil slides amid Iran peace hopes
Global equities surged Friday following SpaceX's market debut, which valued the aerospace company above $2 trillion, while oil prices declined over 3% on optimism regarding potential Iran-U.S. peace negotiations. Wall Street gained as investors balanced the successful IPO momentum against geopolitical developments affecting energy markets.
🇮🇳97d ago
Dollar Steadies but Faces Weekly Loss Amid Iran Talks, SpaceX IPO
The US dollar steadied on the day but remained positioned for a weekly decline as Middle East peace negotiations and SpaceX's major initial public offering captured market focus. The euro gained ground following the European Central Bank's rate increase, while investors awaited the Federal Reserve's upcoming policy meeting.
🇮🇳97d ago
Gold Headed for Second Weekly Loss Amid Rate Rise Expectations
Gold prices are declining toward a second consecutive weekly loss as market expectations of higher U.S. interest rates, driven by persistent inflation concerns, pressure the non-yielding precious metal. Traders are anticipating a potential rate hike by December while the Federal Reserve's upcoming policy meeting is expected to maintain current rates.
🇮🇳97d ago
SpaceX Shares Surge 19% in Historic Nasdaq Debut, Valuation Tops $2 Trillion
SpaceX completed its Nasdaq initial public offering with shares closing 19% higher on their first day of trading, according to reports, with the company's valuation surging past $2 trillion and the offering raising $75 billion. The debut made SpaceX the sixth-largest U.S. company by market capitalization, attracting both institutional and retail investors despite the company's reported losses in the prior year.
🇮🇳97d ago
US Stocks Rise on Iran Peace Deal Hopes, SpaceX Historic Debut
U.S. equities advanced Friday as diplomatic progress on Iran negotiations eased inflation concerns, while SpaceX's market debut surged above its IPO price, driving investor sentiment. The strong performance in space stocks offset modest pullbacks in other sectors, signaling renewed risk appetite amid geopolitical optimism.
🇮🇳98d ago
Sebi Plans Unified Price Band Across Indian Bourses
India's Securities and Exchange Board (Sebi) is implementing a unified price band system to regulate stock price limits and reduce pricing variations across exchanges for less liquid stocks. The initiative aims to improve pricing fairness and enhance the trading experience for retail and institutional investors.
🇮🇳98d ago
SpaceX IPO Launch Tests Market Appetite for AI-Era Growth
SpaceX's highly anticipated initial public offering is attracting record investor bids, marking a significant test of market demand for major technology companies amid the ongoing AI boom. The offering's success is expected to influence valuation expectations and IPO timing for other high-profile AI firms including OpenAI and Anthropic.
🇮🇳98d ago
Dollar Steadies on Ceasefire Prospects as PPI Eases Fed Pressure
The U.S. dollar strengthened following President Trump's decision to cancel planned attacks on Iran, signaling potential ceasefire developments and triggering a decline in Brent crude prices. U.S. producer price data came in below expectations, reducing inflation concerns and prompting market expectations to shift toward a December Federal Reserve rate decision.
🇮🇳98d ago
Oil Extends Losses as Trump Calls Off Planned Iran Strikes
Oil prices declined on Friday following U.S. President Trump's cancellation of planned military strikes against Iran, reducing geopolitical risk premiums that had supported crude markets. Brent crude fell 1.3% and WTI crude declined 1.4%, while the Strait of Hormuz remained open to commercial shipping despite earlier Iranian threats.
🇮🇳98d ago
Japan's Nikkei Surges 4% on Middle East Peace Hopes
Japan's Nikkei share average jumped over 4% on Friday following reports that U.S. President Trump canceled planned strikes against Iran, boosting investor sentiment around potential de-escalation in the Middle East. Technology stocks, including chipmakers Advantest and Tokyo Electron, led the gains, with the broader Topix index also recording significant increases.
🇮🇳98d ago
Indian stocks close lower on weekly expiry amid global weakness
Indian equity markets closed lower on weekly expiry day amid weak global cues and selling pressure on every rise, with block deals in GNG Electronics and Lenskart among key developments. The performance saw attention on support levels and significant corporate actions including Vedanta's demerger and Infosys's CMMI AIM Framework contribution.
🇮🇳98d ago
Gift Nifty rises 200 pts on positive global cues despite geopolitical tensions
Gift Nifty signaled a positive market opening with a nearly 200-point rise, though Indian equities faced profit-taking pressure in the previous session due to rising geopolitical concerns. The benchmark index is consolidating between 23,000 and 23,550 as traders await a clear directional breakout.
🇮🇳98d ago
Asian stocks surge on Middle East peace hopes as oil hits two-month lows
Asian equities rallied amid reports of potential Middle East peace breakthrough and anticipated SpaceX IPO valuation at $75 billion, while oil prices fell to two-month lows on easing geopolitical tensions. The developments suggest reduced inflation pressures and improved risk sentiment across regional markets.
🇮🇳98d ago
US stocks rally on Iran tensions easing, Nasdaq gains over 2%
Wall Street surged Thursday as President Trump signaled a potential Iran deal and called off military strikes, easing oil prices and bolstering equities across major indexes. The market demonstrated resilience despite inflation concerns, with anticipation building around an upcoming SpaceX IPO debut.
🇮🇳98d ago
SpaceX set for record $75B Nasdaq IPO at $135 per share
SpaceX is scheduled to list on Nasdaq with shares priced at $135, targeting a valuation near $1.8 trillion in what would be the largest IPO on record, raising approximately $75 billion. The offering, which includes Musk's xAI and X platforms, is reportedly oversubscribed with significant allocation reserved for retail investors.
🇮🇳98d ago
SpaceX prices record $75 billion IPO at $135 per share
SpaceX has completed a record-breaking U.S. IPO priced at $135 per share, raising $75 billion and valuing the aerospace company at $1.77 trillion. The offering, which included significant retail allocation, establishes SpaceX as one of the world's most valuable companies despite ongoing questions about its valuation.
🇮🇳98d ago
BlackRock eyes $5 billion stake in SpaceX IPO
BlackRock has sought to purchase at least $5 billion worth of shares in SpaceX's initial public offering, according to reports citing people familiar with the matter. The move underscores strong institutional investor interest in Elon Musk's space venture ahead of its anticipated market debut.