Market News

Wood Trims Indian Equities to Boost South Korea Chip Bets

Christopher Wood has reduced select Indian stock holdings to increase exposure to South Korean chipmakers SK Hynix and Samsung Electronics, positioning for what he describes as an AI-driven capital expenditure cycle. Wood identifies memory chip stocks as prime beneficiaries of robust demand and structural market shifts, though he cautions that malinvestment risks could eventually threaten the artificial intelligence trade.

Passive Funds Set to Double Share in India's Mutual Fund Industry

DSP's Anil Ghelani projects that exchange-traded funds (ETFs) and index funds will grow from their current 17% share to 30% of mutual fund assets within five years, reflecting a significant shift in investor behavior toward passive strategies. The prediction underscores how passive investing is increasingly becoming the core of portfolios, while active funds are expected to assume a more selective, high-alpha role.

Global Capital Shifts From India to Taiwan, South Korea on AI Exposure

Foreign investors are reallocating capital away from India toward Taiwan and South Korea, seeking stronger exposure to artificial intelligence and semiconductor growth opportunities. The reallocation underscores India's structural gaps in innovation and deep-tech listings, alongside rising valuation concerns as earnings moderate and capital inflows slow.

Indian Markets Face Volatility Amid Q1 Updates and F&O Expiry

Indian stock markets are entering a critical week with investors monitoring quarterly earnings updates, June derivatives expiry, and multiple macroeconomic indicators that could determine whether benchmark indices extend recent gains or experience pullbacks. Profit-taking in broader market segments suggests traders are exercising caution while assessing both domestic factors and global economic signals.

Tokyo Core Inflation Accelerates on Energy Price Pressures

Tokyo's core inflation surged in June, driven by rising energy costs stemming from Middle East conflict-related disruptions, signaling broadening price pressures across the economy. The acceleration is prompting the Bank of Japan to consider further interest rate hikes as it navigates policy normalization amid global economic uncertainties.

Apple Supplier Lingyi iTech Debuts on Hong Kong Exchange with 6% Gain

Lingyi iTech, a Chinese precision parts maker and Apple supplier, made its Hong Kong stock market debut on Friday with shares opening 6% higher after raising approximately HK$8.3 billion ($1.06 billion) through a share sale. The strong opening reflects investor confidence in the company's market position within the Apple supply chain.

Reformation Files for U.S. IPO on Revenue Growth, Narrower Losses

Sustainable fashion retailer Reformation has filed for a U.S. initial public offering, reporting revenue of $507.1 million for the year ending December 27, 2025, though the company experienced a decline in net profit. The direct-to-consumer brand, backed by majority stakeholder Permira, plans to use IPO proceeds for debt repayment and share repurchases as it seeks to capitalize on an improving IPO market.

Five Indian Stocks Eyed for 2026 Returns of 10-20%

Top brokerage firms have identified five stocks, including Ambuja Cements and SRF, as potential long-term buys for 2026 with expected returns in the 10-20% range. The recommendations reflect analyst expectations for selected Indian equities heading into the new year.

Gold Set for Fourth Weekly Loss as Fed Rate Hike Bets Strengthen Dollar

Gold is poised for its fourth consecutive weekly decline as a strengthening U.S. dollar gains momentum from hawkish Federal Reserve rate increase expectations. Geopolitical tensions surrounding the U.S.-Iran peace agreement and persistent inflation pressures are compounding headwinds for the precious metal.

Yen Wobbles Near 40-Year Low as Dollar Pauses Rate Hike Bets

The yen hovered near a 40-year low against the dollar following U.S. inflation data that aligned with expectations, prompting traders to reduce bets on further Federal Reserve rate increases. Mixed signals from Fed officials regarding future policy direction also weighed on the yen, though the dollar remains positioned for its first back-to-back weekly gain since February.

Oil Falls as Strait Shipments Resume Despite Vessel Incident

Oil prices are declining this week as tanker traffic through the Strait of Hormuz resumes despite a cargo vessel being struck near Oman, with Iran reportedly involved. Supply concerns have eased even as geopolitical risks persist, and Venezuelan earthquake damage and power outages pose potential longer-term production challenges.

Indian Stock Markets Closed for Muharram; BSE, NSE Observe Islamic New Year

Indian stock exchanges BSE and NSE remained closed on June 26, 2026, in observance of Muharram, which marks the start of the Islamic New Year. MCX operated with partial closure while NCDEX shut entirely, with the next scheduled market holiday set for September 14 for Ganesh Chaturthi.

Asian Tech Stocks Decline After Rally; Oil Holds Steady

Asian markets experienced a pullback led by heavyweight chip stocks following recent gains, while US futures remained steady after a volatile Wall Street session that saw significant declines in tech giants like Apple. Investors are monitoring the sustainability of elevated technology valuations amid concerns over artificial intelligence spending and potential Federal Reserve interest rate adjustments.

Brokerages Stay Bullish on Laurus Labs as CDMO Momentum Strengthens

Laurus Labs' stock has surged 30% following robust FY26 results, driven by strong contract manufacturing performance and an improved product mix. Analysts have raised earnings forecasts and maintained bullish ratings, citing expected continued growth from the company's expansion into high-value CDMO services.

Adani Ports emerges top contender for Karanja Terminal takeover

Adani Ports has emerged as the leading bidder to acquire Karanja Terminal & Logistics, with creditors approving its ₹625-crore recovery plan that includes full repayment of financial creditors' outstanding dues. The acquisition follows Prudent ARC's purchase of nearly all of Karanja's debt, marking a consolidation move in India's port sector.

RBI Opens Door to Short Positions in G-Secs to Boost Liquidity

The Reserve Bank of India has released draft rules permitting market participants to take short positions in government securities, alongside a framework for when-issued securities trading, to enhance market liquidity and price discovery. The proposals, which include specific position limits for different participant categories, are open for public consultation until July 17.

Vedanta Resources Buyback Garners $943M in Bond Bids

Vedanta Resources received approximately $943 million in bond tenders during an early participation window of its debt buyback program, representing 45% of its $2.1 billion outstanding bonds. The strong uptake indicates investor confidence in the mining company's refinancing capabilities and debt management strategy.

JPMorgan Names Two Co-Presidents in Dimon Succession Push

JPMorgan Chase appointed Doug Petno and Troy Rohrbaugh as co-presidents, with Petno leading the commercial and investment bank and Rohrbaugh overseeing consumer and community banking. The moves represent a significant step in the bank's succession planning for CEO Jamie Dimon, narrowing the field of potential candidates for the top role.

Tata Chemicals Surges on Tata Sons Listing Speculation

Tata Chemicals shares jumped on Thursday following the Reserve Bank of India's new guidelines for upper-layer NBFCs, with market participants viewing the regulatory change as potentially paving the way for a Tata Sons listing. The development has sparked investor optimism that Tata Chemicals, which holds a stake in the unlisted conglomerate parent, could unlock substantial value if Tata Sons goes public.

Cooling crude prices drive Indian equities to third week of gains

Indian stock markets closed slightly higher on Thursday, extending a three-week rally as falling crude oil prices boosted investor sentiment. Analysts expect the oil price decline to support corporate profit margins in the second quarter, potentially attracting dips.