Market News

RBI Opens Term Money Market to Financial Institutions

The Reserve Bank of India has expanded term money market access to All India Financial Institutions and housing finance companies, while raising borrowing limits for primary dealers. The central bank aims to deepen market participation and improve liquidity conditions across the financial system.

Binance to suspend crypto services in several EU countries

Binance announced Thursday it will suspend services across multiple European countries starting next week after failing to secure regulatory approval under the EU's MiCA framework. The world's largest crypto exchange by volume withdrew its authorization application in Greece and plans to reapply in another EU member state.

RBI Finalizes Credit Derivatives Rules for Indian Markets

The Reserve Bank of India has released final regulations enabling resident non-retail users to freely deploy credit derivatives including credit default swaps and total return swaps, while restricting non-resident access to hedging purposes only. The framework aims to develop India's credit derivatives market while managing systemic risks.

US inflation hits 4.1% in May, keeping Fed rate hike possibility alive

US inflation climbed to 4.1% in May, marking the first time in three years that the measure topped the 4% level, driven primarily by rising energy prices and keeping the Federal Reserve's potential September interest rate hike in consideration. The inflation reading emerged amid strong consumer spending fueled by tax refunds and stock market gains, along with a rebound in business investment, particularly in AI-related technology.

Pakistan's Gen Z fuels stock market surge with 41% of new accounts

Pakistan's Generation Z investors accounted for 41% of new stock exchange account openings in fiscal year 2025-26, according to stock market managers, signaling a notable shift in retail participation. The surge reflects improved investor confidence driven by strong market returns, IMF support, and increased foreign deposits, though overall investment levels remain modest compared to neighboring countries.

HDFC Mutual Fund acquires 10 lakh Global Health shares for Rs 130 crore

HDFC Mutual Fund has purchased an additional 10 lakh shares of Global Health, the operator of Medanta hospitals, from co-founder Sunil Sachdeva for Rs 130 crore, representing a 0.37% stake. The transaction follows a prior acquisition last month and comes as Global Health reported a 39.7% year-on-year increase in fourth-quarter profit after tax to Rs 141.7 crore.

Copper Rebounds on Bargain Hunting, Weaker Dollar

Copper prices recovered on Thursday as investors capitalized on lower valuations, supported by a weakening dollar and improved market sentiment driven by strong technology earnings. Other base metals including aluminium, nickel, zinc, lead, and tin also posted gains despite ongoing headwinds from elevated U.S. interest rate expectations.

Micron surges 19%, overtakes Meta in market value amid AI demand

Memory chip giant Micron Technology has surpassed Meta Platforms in market capitalization for the first time, driven by strong fourth-quarter results and robust demand for AI infrastructure. The company's shares gained 19% on the back of $22 billion in customer commitments for chip supplies, signaling a major shift in technology sector valuations.

US Stocks Rise on Micron AI Optimism, Strong Economic Data

US stock indexes moved higher on Thursday, driven by technology stocks following positive forecasts from Micron and Qualcomm that renewed artificial intelligence enthusiasm, while encouraging economic data further bolstered market sentiment. The combination of upbeat corporate guidance and macroeconomic strength reinforced broader investor confidence in the market outlook.

Sebi seeks clarification from Jio Platforms on IPO filing

India's capital markets regulator Sebi has requested clarifications from Jio Platforms regarding its draft IPO papers, signaling progress toward what could be the nation's largest public offering. The company aims to raise approximately Rs 35,000 crore, primarily for debt repayment and expansion initiatives under parent company Reliance Industries.

Sebi resolves over 5,500 investor complaints in May via SCORES

India's Securities and Exchange Board (Sebi) resolved more than 5,500 investor complaints during May through its upgraded SCORES platform, while receiving nearly 5,000 new grievances during the same period. The regulator's enhanced grievance system achieved an average response time of five days from entities, demonstrating improved operational efficiency in investor protection.

Dollar Hits 13-Month Highs on Fed Rate Hike Expectations

The US dollar has surged to 13-month highs, approaching its largest monthly gain in a year, driven by market expectations of upcoming Federal Reserve rate hikes. The rally has simultaneously pushed the euro, pound, and yen to their respective lows, with the pound and yen hitting seven-month and 40-year lows respectively.

Kahneman: Purchase Price Should Not Drive Selling Decisions

Nobel laureate Daniel Kahneman highlighted how investors often make flawed decisions by anchoring to purchase prices, holding losers while selling winners prematurely. The insight underscores the importance of evaluating portfolio positions based on future fundamentals and role rather than historical entry prices.

Nasdaq Futures Surge 2% on Easing Chip Outlook, Inflation Data Pending

Nasdaq futures climbed 2% as semiconductor sector concerns eased, while markets await key inflation data that could influence Federal Reserve policy decisions. The chip sector optimism reflects broader relief about artificial intelligence sustainability concerns among investors.

Oil slide powers India's stock benchmarks to longest weekly winning run

Indian stock markets achieved their longest winning streak in seven months, driven by falling crude oil prices and measures to strengthen the rupee and attract foreign investment. The Reserve Bank of India's dovish monetary policy stance and strength in pharma and financial sectors further bolstered investor confidence.

Advit Jewels IPO closes at 212x subscription, strongest of 2026

Advit Jewels' initial public offering achieved 212.62 times subscription, becoming the most sought-after IPO in 2026, with strong demand across all investor categories and a grey market premium around 41%. The overwhelming response underscores investor confidence in the Jaipur-based jewellery maker's business prospects.

Global chip stocks surge as Micron results reignite AI rally

Global semiconductor stocks rallied on Thursday following Micron Technology's strong financial results and optimistic outlook, particularly for AI-driven demand sectors. The positive performance has lifted major chip manufacturers across US, European, and Asian markets, signaling continued strength in the semiconductor industry.

Nasdaq Futures Surge 2% as Chip Outlook Eases AI Concerns

Nasdaq futures jumped 2.24% following strong AI demand forecasts from memory chip makers Micron and Qualcomm, with both stocks rallying in pre-market trading. Indian markets are positioned for a positive open as investors await US inflation data that could sustain the momentum and address interest rate concerns.

Rupee rises on oil decline and foreign inflows amid holiday closures

The Indian rupee gained slightly this week as falling oil prices and anticipated foreign investment inflows supported the currency, though importer demand initially limited gains. The currency also benefited from reduced short-seller positions, with investors watching US inflation data for clues on interest rate policy direction.

Indian housing sales surge 19% in Apr-Jun across major cities

Indian housing sales climbed 19% to exceed 1.12 lakh units in the April-June quarter across nine cities, according to PropEquity data, despite global economic headwinds. The robust performance reflects strong domestic demand and economic resilience, with new property supply also rising 43% and activity concentrated in key markets including Bengaluru, Mumbai, and Navi Mumbai.