The Indian rupee faces historic challenges, having plummeted to unprecedented levels against the US dollar. The surge in crude oil prices is a key factor in this decline. In response, government officials are prioritizing strategies to draw in foreign currency and consider various measures to reinforce the rupee.
description: Four companies: Onward Technologies, Garware Technical Fibres, CMS Info Systems and CyberTech Systems, will soon turn ex-record for share buybacks, offering premiums between 8% and 23% to shareholders.
Stock markets are reaching new highs. Investors are watching for Nvidia's earnings report this week. This will show the strength of the artificial intelligence boom. Retailers like Walmart will also report. Their results will reveal how consumers are spending amid rising prices. These reports will be crucial for the market's direction.
U.S. stocks pulled back from record highs as rising crude oil prices and surging Treasury yields triggered fresh inflation concerns. The selloff hit AI-driven tech stocks hardest, while markets reassessed rate hike risks under incoming Fed leadership, with geopolitical tensions and bond market signals dampening investor sentiment.
Elon Musk’s SpaceX is accelerating its IPO plans, with pricing expected around June 11 and a potential market debut by June 12 on Nasdaq. The company has fast-tracked filings after a quicker SEC review, moving ahead of its earlier late June timeline as it eyes strong investor demand.
JSW Steel reported a nearly 13-fold surge in Q4 profit driven by an exceptional gain and record volumes. The company plans aggressive expansion, targeting 78 million tonne capacity by FY32, supported by JVs, higher capex and strong domestic steel demand growth outlook.
SAIL reported a strong Q4FY26 performance with net profit rising 47% year on year and revenue growing 5%. Sequential profit surged sharply, EBITDA improved significantly, and the board recommended a dividend of Rs 2.35 per share despite mixed global steel production trends and output softness.
Sebi and CBDT relaxed PAN compliance requirements for foreign portfolio investors after concerns over complex onboarding rules. The clarifications simplify documentation, contact disclosures and taxpayer identification requirements, aiming to maintain seamless foreign investor access and improve ease of doing business in Indian financial markets.
MF Performance
Major Indices
