Kotak Institutional Equities says any election-driven market rally may be short-lived, as rising oil prices and a widening deficit pose bigger risks. While positive poll outcomes could lift sentiment briefly, escalating geopolitical tensions and surging crude are likely to shift focus back to macroeconomic pressures.
Ola Electric shares have surged over 60% from recent lows, supported by a 20% month-on-month rise in April registrations. Despite a broader industry decline, the company posted growth, boosting sentiment. Analysts remain cautious, citing slow EV adoption and execution risks, while maintaining a positive near-term outlook.
Japan's Nikkei share average edged higher on Friday, helped by gains in a small group of technology stocks, while the yen's rally helped government bond prices rebound.
Australian shares rose for the first time this week on Friday, with miners leading a broad-based rebound, as an overnight pullback in oil prices encouraged investors to cautiously rebuild positions.
Real estate firm Square Yards has announced impressive financial results for FY26, with revenue soaring to Rs 2,086 crore, marking a 48% year-over-year increase. The company's EBITDA saw a significant jump of 3.7 times, reaching Rs 176 crore, as EBITDA margins expanded to 8%. India continues to be the dominant market, contributing 88% of the total revenue.
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.
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.
Gold prices are nearly flat, but poised for a weekly loss as soaring oil prices fuel inflation fears and expectations of prolonged higher interest rates. The ongoing Iran-US conflict is keeping markets on edge, with analysts predicting continued volatility. However, long-term forecasts suggest significant gold price appreciation.
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