Bitcoin traded near $77,000, signalling a bullish trend, while Ethereum showed neutral momentum around $2,300. Crypto markets posted modest gains over 24 hours, though weekly trends remained mixed. Analysts flagged resistance near $80,000, ETF outflows, and macro pressures as key factors influencing near-term price consolidation and market sentiment.
BSE small-cap earnings showed strong momentum, with select companies delivering over 50% profit growth and sharp stock gains. A few standout performers combined earnings acceleration with multibagger returns, highlighting selective opportunities.
The Indian rupee plunged to a record low of 94.90 against the dollar on Thursday, hitting an intraday nadir of 95.33. Intervention by the Reserve Bank of India helped pare losses, as the central bank aims to keep the currency above the crucial 95/$ mark.
Indian stocks might open higher next week. GIFT Nifty showed a strong rise Friday morning. Investors are watching oil prices and global events. The market faced a sharp selloff recently. Foreign investors have been selling shares. Geojit Investments notes global sentiment has worsened due to US-Iran tensions. Sunny Agrawal highlights key economic data to track.
Apple Inc. posted strong earnings, beating estimates with robust iPhone demand and services growth. AI optimism, global resilience, and shareholder returns boosted sentiment, though valuation and long-term growth risks remain.
ECB President Christine Lagarde dismissed stagflation concerns in the euro zone, even as risks to growth and inflation rise. The central bank held rates steady and maintained modest growth projections. While inflation pressures persist and economic momentum weakens, the ECB said current conditions do not reflect historical stagflation dynamics.
Indian equities present a compelling opportunity for patient investors. Recent underperformance has already factored in negative news. Alok Agarwal of Alchemy Capital Management highlights sectors like metals, capital markets, power infrastructure, and defence. He believes the current caution offers an attractive entry point for those looking beyond immediate challenges. Accumulation is advised for long-term gains.
Oil prices climbed Friday as Iran conflict resolution efforts stalled, with Tehran blocking the Strait of Hormuz and the U.S. Navy restricting Iranian crude exports. Brent crude futures rose to $111.59 a barrel, and WTI futures reached $105.46, marking four consecutive months of gains. Tensions escalated with threats of "long and painful strikes" on U.S. positions if attacks resume.
NSE Holidays 2026: Domestic stock exchanges NSE and BSE will be shut for trading on Friday due to Maharashtra Day holiday. There will be no trading on NCDEX, while MCX will resume trading in the evening session.
U.S. stocks surged on Thursday, with the S&P 500 and Nasdaq achieving their largest monthly gains in years. Strong corporate earnings, particularly from tech giants like Alphabet, helped offset concerns over oil supply shocks and geopolitical tensions. Economic data indicated continued healthy U.S. growth, bolstering investor confidence and pushing major indexes higher.
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