The National Stock Exchange of India (NSE) has launched live trading in its Electronic Gold Receipts (EGR) segment, enabling investors to trade gold digitally via demat accounts. Backed by physical gold stored in regulated vaults, EGRs allow flexible denominations and exchange-based trading. The initiative aims to deepen India’s bullion market and improve transparency in gold pricing.
Indian bank stocks tumbled, dragging the Nifty Bank index down as a weakening rupee and rising global bond yields soured market sentiment. Several major banks saw significant declines, with analysts pointing to key technical levels. The rupee hit an all-time low against the dollar, exacerbating concerns for the financial sector.
Bharti Airtel has overtaken HDFC Bank to become India’s second most valuable listed company. Airtel shares rose over 2%, taking its market capitalisation to around Rs 11.8 lakh crore, while HDFC Bank shares fell more than 2%, reducing its market cap to nearly Rs 11.7 lakh crore. Reliance Industries remains India’s most valuable company with a market capitalisation of about Rs 18 lakh crore.
Hindustan Zinc shares fell as silver prices crashed sharply on Multi Commodity Exchange of India. MCX silver plunged over Rs 5,000 per kg in a day and has corrected nearly 13% from recent highs following the government’s import duty hike, amid rising Iran war tensions and fading hopes of a rate cut.
Global markets remain resilient despite the prolonged Iran conflict, rising oil prices and bond volatility, as AI optimism drives equities higher. Investors await G7 discussions, Nvidia earnings and key global economic data.
Hindustan Aeronautics (HAL) shares fell sharply in three days post-Q4 results, even as major brokerages like Jefferies, Nuvama and Equirus raised target prices. Despite a modest profit and revenue rise, execution delays and softer margins weighed on sentiment. However, strong order backlog and upcoming Tejas Mk1A deliveries keep long-term outlook positive.
S&P 500 and NASDAQ Composite are heading into a crucial week near record highs, with investors focused on two key themes — the AI-driven market rally and the strength of U.S. consumer spending amid sticky inflation. Earnings from NVIDIA and major retailers like Walmart, Home Depot, Target and TJX Companies are expected to provide fresh clues on AI demand, consumer health, and the broader U.S. economy.
Foreign institutional investors have divested approximately $53 billion from Indian equities since September 2024, leading to significant ownership shifts. Fifteen large-cap stocks, including HDFC Bank and Bharti Airtel, remain highly vulnerable due to dominant FII holdings and a lack of domestic institutional support, despite overall DII market dominance.
Indian stock markets experienced a significant downturn on Monday. Both Sensex and Nifty saw substantial drops exceeding one percent. This decline was driven by soaring global bond yields and a record low for the Indian rupee. The market capitalization of BSE-listed companies also saw a considerable reduction. Investors faced a challenging trading session as bearish sentiment dominated Dalal Street.
Investors have a final chance today, May 18, to purchase shares of Alicon Castalloy, Atishay, Man InfraConstruction, and Metropolis Healthcare to qualify for upcoming dividends. The record date for these four companies is set for May 19, meaning today is the last opportunity to buy for dividend eligibility.
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