Dhiraj Relli warns elevated crude prices may impact inflation, rates and earnings amid global uncertainty. However, India’s macro remains stable with steady growth, improving valuations and favourable risk-reward, as markets shift toward stock-specific opportunities and broader earnings participation.
Ray Dalio warns markets are underestimating a prolonged global conflict, calling current tensions a “world war.” He highlights shifting alliances, systemic breakdowns, and long-term risks that could significantly impact global markets.
Ten BSE 500 stocks, including Adani Energy Solutions and Titan Company, hit fresh 52-week highs as the broader market rally lifted shares up to 15% in the past month.
Indian bonds rallied on Wednesday, with the benchmark yield posting its biggest fall in four years, as oil prices slumped following a two-week truce between the U.S. and Iran, while the central bank kept its policy rate unchanged.
The Indian rupee gained for the fourth consecutive session on Wednesday, while forward premiums declined as a plunge in oil prices after the U.S.-Iran ceasefire supported global risk appetite.
Ace investor Dolly Khanna added two new stocks to her portfolio in the March quarter, picking up stakes in Chennai Petroleum Corporation and multibagger Sharda Cropchem. Both stocks delivered strong one-year returns, with Sharda Cropchem surging 119%. Khanna now publicly holds 11 stocks worth over Rs 459 crore.
Chairman of the Economic Advisory Council to the Prime Minister (EAC-PM), S Mahendra Dev, on Wednesday said that Indian Rupee is expected to stabilise at the 92-93 level against the US dollar and expressed optimism that foreign investment flows will improve in the near future as geopolitical tensions ease and macroeconomic fundamentals remain strong.
Wall Street stock index futures rose more than 2% across the board on Wednesday after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume.
The India-Pakistan ceasefire has allowed BofA Global Research to revise its market outlook, maintaining a Nifty year-end target of 26,200. The end of conflict is expected to lower crude oil prices, boost GDP, ease inflation, and remove the need for RBI rate hikes, benefiting rate-sensitive sectors and premium discretionary consumption.
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