A preliminary deal to end the Middle East war boosted global risk appetite, sending oil prices down and the U.S. dollar near 10-day lows. Investors now await central bank meetings in Japan and Australia for inflation outlooks, with the Bank of Japan expected to raise rates.
Brigade Enterprises in May announced its first bonus issue in around seven years, along with the release of its Q4 results. It said its board approved the plan to issue one bonus share with a face value of Rs 10 each for every three shares held in the company as on the record date.
Indian equities opened the week strong, with the Sensex and Nifty gaining nearly 1% each on positive global sentiment. Key stocks in focus include HCL Technologies, GMR Airports, Adani Enterprises, and Bharti Airtel, with significant corporate announcements and strategic moves shaping the market outlook.
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The rebound followed a sharp selloff on Monday, when oil prices tumbled nearly 5% to their lowest closing level since March 4. The decline came after U.S. President Donald Trump announced that a memorandum of understanding had been agreed to end the U.S.-Israeli war with Iran.
Motilal Oswal Financial Services has initiated coverage on online travel platforms Le Travenues Technology (Ixigo) and Yatra Online with a buy rating, while reiterating a buy on TBO Tek citing a structural uptrend in domestic travel and potential earnings growth as key drivers.
Asian stocks saw a modest rise, following a rally on news of a peace deal between Iran and the U.S. Investors are now focused on central bank decisions, including an anticipated rate hike from the Bank of Japan. Oil prices remained cautious, reflecting ongoing concerns about transit through the Strait of Hormuz.
Oil prices rebounded as concerns grew over the lack of details in a preliminary U.S.-Iran agreement to end the war. The resumption of supply through the Strait of Hormuz may take longer than anticipated, with analysts noting that the market will likely show restraint until full details emerge.
The Securities and Exchange Board of India (Sebi) has proposed significant changes to the trading framework for Exchange-Traded Funds (ETFs). These reforms aim to enhance price discovery by introducing dynamic price bands and a new base price determination methodology. A pre-open call auction mechanism for commodity ETFs is also planned to better align trading limits with underlying asset movements.
Improved investor sentiment following the interim US-Iran peace agreement has supported equities as crude fell below $85, easing inflation concerns and improving the FY27 outlook. Analysts favour growth sectors such as autos, industrials, capital goods and real estate, while recommending NDR Auto and Divgi TorqTransfer on bullish technical setups.
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