Gold gained as easing oil prices and the extension of the US-Iran ceasefire supported sentiment, with investors balancing reduced inflation risks against ongoing geopolitical uncertainty.
Trent (Zudio parent) is set to consider its first-ever bonus issue today, making it a key trigger for its nearly 5 lakh shareholders.
Morgan Stanley has maintained an Overweight rating on PNB Housing Finance with a target price of ₹1,160, implying a potential upside of around 28% from the current market price of ₹905.
Crude oil prices saw little movement as President Trump extended a ceasefire with Iran, though Iran described the continued blocking of ships as an act of war. Shipping activity through the Strait of Hormuz remains stalled, with analysts expecting prices to remain supported and potentially spike if disruptions persist.
Brent crude futures were down 21 cents, or 0.2%, at $98.27 a barrel at 0039 GMT, after touching $99.38 earlier in the session. West Texas Intermediate futures fell 28 cents, or 0.3%, to $89.39, after climbing as high as $90.71.
Avis Budget shares surged to a record high, fueled by a significant short squeeze. High short interest, exacerbated by major holders like SRS Investment Management and Pentwater Capital Management, forced short sellers to cover their positions. This rally has resulted in substantial losses for those betting against the car-rental company.
Seven major stocks—including Nestle, Groww, Lemon Tree Hotels and Ola—logged sharp moves on Tuesday as markets rallied for a third straight session, driven by strong earnings, sectoral buying and stock-specific triggers.
Legendary investor Bill Miller highlights that prime investment opportunities emerge during market downturns, not when things appear rosy. Periods of fear often present undervalued assets, while widespread optimism can signal market peaks. Successful long-term investing hinges on emotional discipline, a contrarian approach, and unwavering patience, allowing investors to capitalize on overlooked prospects and avoid the pitfalls of herd mentality.
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