Kevin Warsh has taken charge as the new U.S. Federal Reserve chair amid rising inflation, elevated oil prices and geopolitical tensions. Investors are closely watching whether he prioritises growth or inflation control, with markets anticipating tighter liquidity conditions, reduced policy transparency and a potentially more aggressive stance on inflation management.
Global equities show firm momentum, driven by US futures near record highs. However, a narrow rally concentrated in mega-cap stocks raises structural concerns, with sectors like healthcare and discretionary consumption showing weakness. Capital allocation is increasingly momentum-driven, with India temporarily out of favor for global investors.
LIC shares climbed 4% on Monday, extending gains for a second straight session and taking the two-day rally to 6%. The stock gained momentum after the insurer announced a 1:1 bonus issue alongside its Q4 results last week. LIC has fixed May 29 as the record date to determine shareholder eligibility for the bonus share allotment.
Thirty Nifty 50 stocks have wiped out Rs 22.64 lakh crore in investor wealth this year. HDFC Bank and TCS led the decline, losing Rs 3.55 lakh crore and Rs 3.17 lakh crore respectively. Banking, IT, auto, and consumption sectors faced selling pressure. Experts remain constructive on FY27, expecting the Nifty to reach 28,000-30,000.
Global equity funds recorded their first weekly outflow in nine weeks as rising inflation concerns and surging borrowing costs dented investor sentiment. While U.S. and Asian equity funds saw withdrawals, technology and gold funds continued to attract inflows. Bond funds also remained in demand amid heightened geopolitical tensions and market uncertainty.
Geojit Investments’ Anand James expects Nifty to attempt a range breakout above 23,700 during the monthly expiry week. He highlighted early bottoming signs in the Nifty IT index, warned of near-term profit booking in Pharma stocks, and shared bullish technical views on Surya Roshni and Cholamandalam Investment for short-term trading opportunities.
Info Edge has announced strong financial results for the quarter ending March 2026. The company reported a significant increase in net profit and revenue. A final dividend has been recommended for shareholders. The recruitment business showed robust growth, while other segments also strengthened their market positions. Info Edge also made strides in AI integration across its platforms.
Indian equity investors, frustrated by stagnant returns, are urged by Sandeep Neema of PL Asset Management to distinguish weak sentiment from improving fundamentals. He highlights opportunities in financials, metals, power, and pharma, citing strong earnings visibility and attractive valuations. While cautious on IT, Neema advises topping up equity allocations for long-term gains.
The dollar weakened in early Asian trading as oil prices dropped below $100 per barrel amid hopes of a Strait of Hormuz deal, despite U.S. administration downplaying immediate agreement chances. Riskier currencies like the Australian dollar advanced as markets reacted to news of potential progress in peace talks with Iran.
Oil prices dipped to two-week lows as U.S.-Iran peace talks showed progress, potentially reopening the vital Strait of Hormuz. Despite optimism, significant hurdles remain, with disruptions continuing to impact global oil supplies. Analysts caution that even with a deal, full normalization could take months, with potential impacts extending for years.
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