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Following Indian armed forces strikes on multiple sites in Pakistan and Pakistan-occupied Jammu and Kashmir, the Indian rupee weakened against the U.S. dollar in the non-deliverable forward market. The 1-month NDF suggests the rupee will likely open lower at 84.64-84.68, compared to Tuesday s close of 84.4325, amidst escalating tensions and reported casualties.

Amid April’s global market turmoil, leading valuations expert and NYU finance professor Aswath Damodaran reflected on critical takeaways from the month s sharp volatility. In a blog post dated Saturday, May 3, 2025, Damodaran analyzed the surprising strength of equity markets despite rising geopolitical tensions

Non-bank financier LIC Housing Finance last week raised 10 billion rupees through 20-year securities at a coupon of 7.26%, payable on a monthly basis. It listed these on the National Stock Exchange of India on Monday

Bernstein India s Jignanshu Gor believes DMart s growth is returning, driven by improved consumption demand and network expansion. Despite facing competition from quick commerce, DMart maintains solid footfalls and same-store sales growth. While margin improvements are expected, DMart s focus on private labels, D2C brands, and basic apparel positions them well for future success.

BlackRock Investment Institute s Ben Powell highlights India s strengthening market position due to strategic geopolitical advantages and potential benefits from declining oil prices. Despite anticipating a US economic contraction, they remain overweight on US equities, driven by the powerful AI mega-force boosting large companies. Powell emphasizes the need for selective investment in a fractured world, favoring both the US and India.

“India’s 10Y yield is expected to soften and likely to trade in the range of 6.30–6.35% in the current month, with risks tilted to the downside,” BoB analysts noted, citing several tailwinds for the bond market.

Ben Powell highlights strong earnings and AI as key drivers of the current market rally, with India emerging as a top beneficiary. Despite volatility and global risks, he advises investors to stay focused on long-term structural trends and fundamentals.

The Government of Singapore holds stakes worth ₹2.38 lakh crore in 61 BSE-listed firms. Nine of these, including SRF, Bajaj Finance, and SBI Life, have gained 15–33% in 2025, reflecting strong market performance and GoS’s selective equity exposure.