Market News

Five Indian stocks tipped for 10-20% returns in 2026

Multiple brokerage firms have recommended a portfolio of five stocks including Jindal Saw and SBI Life as potential long-term buys expected to deliver 10-20% returns in 2026. The recommendations were compiled from research notes issued by top brokerages and financial platforms.

Oil Surges 12% Weekly on Strait of Hormuz, Red Sea Closure Risks

Brent crude and WTI both posted substantial weekly gains of approximately 12% amid geopolitical concerns over potential shipping disruptions in critical waterways. Brent futures climbed to $85.28 per barrel while WTI reached $79.98, extending consecutive weeks of advance.

Eight stocks breach 200-day moving average in negative breakout

Eight stocks have fallen below their 200-day moving averages, a technical level closely watched by traders to gauge overall trend direction. The breaches may signal weakening momentum and shift investor sentiment toward these securities.

GIFT Nifty signals muted start as Asian shares trade lower

GIFT Nifty futures indicated a subdued opening for Indian equities, while Asian share markets broadly declined in early trading. The signals suggest cautious sentiment across the region ahead of the domestic market open.

Netflix Q3 Forecast Misses Expectations, Stock Tumbles

Netflix projected third-quarter revenue and earnings below Wall Street expectations, triggering a significant decline in its stock price. The company is shifting its viewing-hours reporting to annual releases and betting on advertising, live events, and video games to drive future growth.

Gold poised for biggest weekly decline in six months amid Iran tensions

Gold prices are headed for their largest weekly loss in six months despite a Friday rebound, as escalating US-Iran tensions drive oil prices higher and fuel inflation concerns. The resulting expectations for Federal Reserve rate hikes are pressuring precious metals, with economic data showing resilient US retail activity and declining jobless claims.

Dollar Set for Weekly Decline as Rate Hike Bets Cool

The U.S. dollar faced a weekly decline after softer inflation data prompted traders to reduce wagers on near-term Federal Reserve rate hikes, though it held steady on Friday. Escalating Middle East tensions provided some support through safe-haven demand, while the euro and sterling were positioned for weekly gains against the greenback.

Oil Prices Climb Amid US-Iran Tensions and Red Sea Closure Threats

Oil prices rose on Friday as escalating military hostilities between the United States and Iran intensified, with reports indicating Iran coordinated with the Houthi movement to potentially close the Red Sea shipping route. The tensions, combined with concerns over Strait of Hormuz flow restrictions following a broken truce, have elevated global oil security concerns and supported crude valuations.

Indian Indices Open Positive Amid Narrow Range Trading, FPI Outflows

Indian benchmark indices opened with gains but remained confined within a narrow trading band as market participants exercised caution ahead of weekly Sensex expiry. Foreign portfolio investors continued net selling while domestic institutional buyers provided support, with the rupee extending its depreciation streak against the US dollar.

Indian Stocks in Focus: Reliance, Wipro, Maruti Lead Market Watch

Several major Indian companies including Reliance Industries, Wipro, Tata Tech, Jio Financial, ITC, and Maruti Suzuki are expected to attract trader attention during today's session due to scheduled news developments and first quarter earnings announcements. These stock movements are likely to influence broader market sentiment across India's equity markets.

Asian stocks slide on chip selloff as oil climbs amid geopolitical tensions

Asian equity markets declined following a chipmaker-led selloff on Wall Street, driven by concerns over technology valuations and artificial intelligence investment sustainability. Oil prices rose this week amid escalating Middle East hostilities, while geopolitical tensions raised inflation concerns and sparked expectations for potential interest rate hikes.

Wipro's Strong Deal Wins Offset by Revenue Decline and Margin Contraction

Wipro reported robust order bookings that failed to offset declining revenues and contracting margins, with management signaling no material demand shifts from the previous quarter. The company's cautious forward guidance suggests either a slight revenue decline or marginal improvement, leaving investor sentiment dependent on near-term profitability recovery.

Indian logistics firms eye strong Q1 revenue growth amid margin headwinds

Major Indian logistics companies including Container Corporation of India, Delhivery, Blue Dart Express, and TCI are positioned for healthy revenue growth in the June quarter, driven by e-commerce demand and increased supply-chain outsourcing. However, elevated fuel costs and pricing pressures pose profitability challenges despite the top-line expansion.

SBI Funds IPO Draws Record 42x Subscription in 2026

SBI Funds Management's initial public offering achieved record subscription levels with investor bids reaching 42 times the offered shares, marking the largest IPO of 2026. The exceptional demand, particularly from Qualified Institutional Buyers, signals strong investor confidence in the asset manager's growth prospects.

Tax Confusion Plagues GIFT City Fund Investments for Investors

Investors face reporting ambiguity for GIFT City fund investments due to conflicting guidance from fund houses on whether these assets should be classified as foreign or domestic for tax purposes. The regulatory inconsistency—where GIFT City is foreign under FEMA rules but domestic for income tax—has created uncertainty in tax filing across India.

Tata, SP Group in talks over share swap to resolve valuation dispute

Tata Sons and Shapoorji Pallonji Group are negotiating a potential share-swap arrangement to monetize SP Group's stake in Tata Sons, though disagreements over transaction structure and valuation have created an impasse. SP Group seeks to leverage the deal to address its debt obligations, with recent refinancing activity suggesting confidence in the underlying asset value.

HSBC Offers 19x Leverage on FCNR Deposits in GIFT City

HSBC's GIFT City unit is offering non-resident Indians up to 19 times leverage on Foreign Currency Non-Resident (FCNR) deposits, a program designed to attract overseas dollar inflows. The Reserve Bank of India temporarily relaxed interest rate ceilings to support this initiative, which will run until September 2026.

MSCI Rebalancing Could Channel $2.3B Into Indian Stocks

An upcoming MSCI index rebalancing is expected to bring approximately $2.3 billion in passive investment flows into Indian equities, with several domestic stocks likely to be added to the MSCI India Standard Index. The index provider will announce the changes on August 12 after market close, with the rebalancing becoming effective on August 31.

Rupee weakens 9 paise amid sustained dollar demand pressure

The Indian rupee depreciated 9 paise to close at 96.35 against the dollar on continued dollar demand, with the Reserve Bank of India intervening to prevent further weakness at the intraday low of 96.38. The currency's decline reflects persistent foreign exchange pressures that traders attribute to consistent dollar-seeking activity in the market.

SpaceX Share Selloff Signals Caution as Lockup Expiry Approaches

SpaceX shares have declined below their initial public offering price as insider lockup restrictions prepare to expire, potentially increasing available trading shares in the market. While analysts maintain largely positive outlooks on the company, the combination of recent weakness and upcoming share supply could impact market valuation in coming months.