Latest Stock Market News

The Indian rupee has shown a muted response to the dollar s decline, puzzling bankers who attribute it to foreign portfolio and corporate outflows. While Asian currencies have generally strengthened, the rupee has weakened, pressured by equity outflows potentially shifting towards Chinese markets. Traders anticipate a range-bound rupee, closely monitoring India-U.S.

Digant Haria of GreenEdge Wealth suggests a market setup where sector rotation is key, with India and emerging markets poised to perform well due to factors like lower crude oil prices and a weakening US dollar.

The Leela Hotels, operated by Schloss Bangalore, has set a price band of Rs 413-435 for its Rs 3,000 crore IPO, open from May 26–28. The proceeds will mainly go towards debt repayment. Despite losses, the company has shown strong financial recovery, with FY24 revenue rising to Rs 1,226 crore. Listing is planned on NSE and BSE.

BEL shares: Nuvama highlighted that BEL s Q4 margins improved to 30.6% from 26.7% quarter-on-quarter, exceeding market expectations of 24.7%. The management has reiterated its guidance of 15% revenue growth and a 27% operating profit margin, indicating sustained confidence in the company s outlook.

The IT sector is poised for significant growth, driven by a landmark Free Trade Agreement between India and the UK. This article explores the sector s performance, outlook, and highlights key companies with promising upside potential.

Domestic brokerage Kotak Institutional Equities has cautioned that the recent sharp rally in Indian equities does not reflect the underlying challenges, including global trade uncertainties, limited progress in India-US trade talks, a weakening earnings outlook, and stretched valuations.

Super-long Japanese bonds tumble amid rising U.S. yields and investor concerns over Japan’s funding plans for pre-election stimulus.

Angel One introduces Trade on Index, a feature simplifying options trading in India s fast-paced F&O markets. This tool allows traders to place orders directly from the underlying asset s chart, setting entry, stop-loss, and target levels visually. The system automatically selects appropriate option contracts and displays a breakeven line, enhancing speed, simplicity, and clarity for traders.

SEBI is advocating for stronger authentication for trading accounts, highlighting SIM binding for enhanced security. Angel One has already introduced OTP-less login using SIM binding, verifying users via their mobile SIM. This streamlines access, reduces reliance on OTPs, and protects against threats like SIM swap fraud, offering a more secure and efficient login experience.

Bitcoin surged past $107,500 on Wednesday, nearing its all-time high, fueled by bullish sentiment and institutional inflows. Bitcoin futures open interest jumped, and U.S. spot Bitcoin ETFs saw continued net inflows. Ethereum has outperformed Bitcoin recently, testing the $2,500 resistance level, while altcoins like BNB, Solana, and Dogecoin also experienced gains.