S&P 500, Nasdaq and Dow hit fresh records as optimism over a possible Iran-US deal and Strait of Hormuz reopening sent oil prices down, easing inflation and boosting equities.
AEVEX made a striking entrance on the New York Stock Exchange, with its shares jumping 15% on debut. This significant increase points to a heightened investor enthusiasm for companies in the defense industry, especially given the current global unrest.
Kailera Therapeutics shares surged 62.5% in their Nasdaq debut after raising $625 million in a U.S. IPO priced at the top end of its range. Strong investor demand reflects growing excitement around weight-loss and GLP-1 drugs, a market expected to expand rapidly as firms challenge pharma giants like Eli Lilly and Novo Nordisk.
Global oil markets have lost over 500 million barrels since the Iran conflict began, worth nearly $50 billion. Supply disruptions across the Gulf have tightened inventories and hit exports sharply. Despite partial ceasefire signals and Strait of Hormuz reopening, analysts expect recovery to be slow, with lasting energy market shocks.
Just ahead of pivotal updates concerning the Strait of Hormuz and Iran, lucrative oil trades totaling millions were executed, raising eyebrows among U.S. officials. Such timely trades have prompted a thorough investigation into several oil futures transactions made right before key policy changes, with the U.S. Commodity Futures Trading Commission now scrutinizing the details of these deals.
Reliance Industries will announce Q4FY26 earnings on April 24 as its board meets to approve results and consider final dividend for FY26 followed by an analyst meet to discuss performance and outlook
Kadimi Tool Manufacturing Co. , a player in the fastener and cold forging industry, recently made its first global acquisition with the US-based Rol-flo Engineering Inc.
Securities and Exchange Board of India approved IPOs of Avaada Electro Grand Housing Sonaselection India and Vishal Nirmiti with Avaada leading as a major renewable energy listing aimed at expansion and growth
Oil prices plunged as Strait of Hormuz remained open during the US Iran ceasefire with Brent crude and West Texas Intermediate falling sharply amid easing tensions though volatility is expected to persist
Indian markets are set for a strong opening as GIFT Nifty surged over 300 points tracking falling crude prices and easing tensions with support from Dow Jones Industrial Average strength and improving global risk sentiment
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