Latest Stock Market News

Mainland China and Hong Kong stocks extended their declines on Friday, posting their steepest weekly losses since April, weighed down by soft domestic economic data and worries over global trade following U.S. President Donald Trump s new tariffs.

IDFC First Bank first cleared a preferential allotment of over 81.26 crore shares, equating to a 10% stake in the company in April this year. The capital raised is aimed at fueling the bank’s upcoming growth initiatives.

The Indian rupee closed at a record low of 87.59 per dollar on Thursday, pressured by U.S. tariff threats, foreign outflows, and strong dollar demand. RBI intervened multiple times to limit losses, but persistent pressure from importers capped recovery.

Godrej Properties posted a 15% YoY rise in Q1 net profit to ₹600 crore, even as income declined 3%. Sales dipped 18%, but collections grew 22%. The company added five projects and achieved 57% of its annual business development target.

United States stock market experienced a downturn on Thursday. This happened after initial gains diminished. Investors were reacting to recent corporate earnings reports and economic figures. Microsoft s stock price increased significantly. Meta Platforms also saw a surge. However, other technology stocks faced challenges. Investors are closely monitoring upcoming economic data and trade developments.

Oil prices showed minimal movement on Friday as markets assessed the potential impact of new U.S. tariffs on economic activity and global fuel demand. While Brent and WTI saw slight gains, they are on track for weekly increases following Trump s threat of tariffs on buyers of Russian crude.

The dollar is having a great week against other currencies. This happened after US President Donald Trump announced new tariffs. The Japanese yen fell to a four-month low. The Canadian dollar also dipped. The euro remained low due to trade issues with Washington. Despite Trump s criticism of Federal Reserve Chair Jerome Powell, the dollar stayed strong.

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Gold prices remained steady on Friday, poised for a weekly decline as the dollar strengthened following President Trump s new tariffs on numerous countries. Investors are keenly awaiting the U.S. non-farm payrolls data for insights into the Federal Reserve s potential rate-cut path. Asian shares dipped after the U.S.