Business

RBI Governor Assures Market on Offshore NDF Regulations Reserve Bank of India (RBI) Governor Sanjay Malhotra addressed market concerns regarding the recent restrictions placed on the offshore non-deliverable forwards (NDF) markets. He clarified on April 8 that these curbs are temporary measures and are not intended to signal any structural change in the financial landscape.Speaking during the post-monetary policy press conference, Malhotra reassured participants that the directives were a reaction to specific, elevated market conditions. He emphasized that the RBI remains committed to the internationalisation and deepening of India's broader financial markets.Root Causes of NDF Restrictions and Volatility Malhotra pointed to...

Seoul, April 10 – Seoul shares continued their gains on Friday morning, mirroring overnight advances on Wall Street, fueled by optimism surrounding upcoming negotiations between the United States and Iran following their two-week ceasefire agreement in the Middle East conflict.The benchmark Korea Composite Stock Price Index (KOSPI) rose 103.21 points, or 1.79 percent, to 5,881.22 as of 11:20 a.m.Overnight, the Dow Jones Industrial Average increased by 0.58 percent, while the Nasdaq Composite, which is heavily weighted towards technology stocks, advanced by 0.83 percent, according to reports from Yonhap news agency.Geopolitical developments in the Middle East supported investor sentiment. Israeli Prime Minister Benjamin Netanyahu...

SpiceJet shares experienced a significant fall in early trading on Friday. The decline followed a ruling by a UK court directing the airline to pay approximately $8 million, or around ₹70 crore. This fresh legal development marks a major setback for the financially strained carrier.The airline’s stock was trading down by about 2.4 percent in early trades, settling at Rs 11.41.Impact of UK Court Ruling on SpiceJet The judgment was handed down by London’s Commercial Court in favour of Sunbird France 02 SAS. The court issued a summary judgment, observing that SpiceJet lacked a realistic prospect of defending the claim. Crucially, the court noted the airline failed to participate in the proceedings despite receiving adequate notice...

Silver rates softened by 0.7% to ₹ 2,42,067 per kg on April 10. The primary pressure stemmed from a strengthening dollar, which weighed on rupee-denominated bullion values. Gold also registered a minor decline, falling 0.56% to ₹ 1,52,561 per 10 grams on the Multi Commodity Exchange (MCX).Despite the dips in India, the overall narrative remains mixed. International spot silver edged up 0.1% to $75.11 per ounce, while spot gold declined slightly to $4,755.84 per ounce as of 0055 GMT. Crucially, both metals are reportedly positioned for gains over the coming week.Dominance of Dollar Strength Impacts Precious Metals Pricing The strengthening dollar index proved to be the most immediate headwind for commodities priced in rupees. A...

The Indian Rupee opened slightly firmer on April 10, gaining nearly 10 paise to trade at 92.57 against the US dollar. This movement came against the backdrop of the Reserve Bank of India's (RBI) approaching deadline for banks to unwind their arbitrage positions.The forex market is currently digesting developments surrounding both regulatory deadlines and persistent geopolitical uncertainty. Traders are closely monitoring key global indicators, particularly crude oil prices.Impact of RBI Deadline on Currency Markets The primary catalyst influencing intraday trading sentiment was the approaching deadline set by the RBI. April 10 marks the final day for banks to unwind their excessive positions in the offshore Non-Deliverable Forward...

Gold rates on the MCX experienced a downturn on Friday, April 10. The decline was primarily fueled by profit booking activity, coinciding with a strengthening US dollar. Market participants are keenly focused on upcoming US Consumer Price Index (CPI) data and the developing US-Iran diplomatic landscape.Commodity Market Performance: Gold and Silver Retreat MCX gold June futures saw a notable dip, declining by 0.60% to settle at ₹ 1,52,561 per 10 grams. Silver also faced selling pressure, with MCX silver May futures dropping by 0.70% to ₹ 2,42,067 per kg.These movements highlight the immediate impact of global currency fluctuations. The yellow metal proved expensive for international buyers as the dollar index climbed by 0.10% to...

TCS shares shed over 2 percent in early trading on Friday. The dip occurred following the release of the company's Q4 FY26 results. Despite reporting a revenue beat, stable margins, and securing strong deal wins, the stock's reaction highlights mixed sentiment among brokerages.The trading day saw TCS stock valued at Rs 2,536.40, marking a 2.03 percent decrease in early deals. This move unfolded even as the March quarter performance generally met market expectations across key metrics.Navigating Mixed Brokerage Sentiment Post Q4 Results Brokerage analysts are presenting a bifurcated view on the company's trajectory. While there is acknowledgment of strong underlying visibility, caution persists regarding sustained growth rates and...

Indian equity markets posted a noticeable rebound on Friday, April 10, recovering from the sharp losses recorded in the prior session. The recovery was bolstered by positive momentum seen in global indices and robust buying interest, particularly within the financial and cyclical sectors.At the opening trade, the Nifty gained 134 points. The Sensex mirrored this positive sentiment, climbing 417 points to reach 77,048. Market breadth reflected the buying mood, with 1,727 stocks advancing against only 351 decliners.Reversing the Momentum After Steep Fall The current uptick marks a clear reversal following the previous day's downturn. On Thursday, April 9, selling pressure dominated the market. The Sensex shed 931.25 points, while the...

Key Stakeholder Shifts Spark Debate Over Tata Sons' Future Listing The debate surrounding the listing of Tata Sons on stock exchanges has intensified following public support from a key senior trustee. Vijay Singh, a former Defence Secretary and long-time board member, has thrown his backing behind an Initial Public Offering (IPO) for Tata Sons. This stance contrasts sharply with a resolution passed by Tata Trusts a year ago, which advocated keeping the company an unlisted entity.Singh argues that the original consensus to maintain privacy must be re-evaluated. He points to the expanding scope of Tata Sons' capital-intensive businesses as the primary catalyst for change. He emphasized that the company's growth trajectory demands a...

Seoul, April 10 – South Korea's central bank kept its benchmark rate unchanged on Friday, as uncertainty in the Middle East prompted a cautious stance amid risks of inflation, currency weakness, and slower growth.In a widely anticipated decision, the Monetary Policy Board of the Bank of Korea (BOK) held the key rate steady at 2.5 percent in its latest rate-setting meeting in Seoul, reports Yonhap news agency.This marked the seventh consecutive decision to maintain the rate, even as the central bank remains in an easing cycle.The BOK began monetary easing in October 2024 and has cut the benchmark interest rate by a cumulative 100 basis points from 3.5 percent to support economic growth, but it has kept it unchanged since July 2025...

Gold prices are charting a course for another weekly gain, propelled by renewed optimism surrounding a diplomatic resolution in Iran and sustained accumulating purchases from global central banks. This support appears to be weathering persistent inflationary concerns that have weighed on the metal.Bullion steadied near $4,760 an ounce on Friday, putting it on track for a weekly appreciation of nearly 2%. Global traders are keenly awaiting developments from weekend negotiations scheduled in Islamabad. These talks involve a US delegation, spearheaded by Vice President JD Vance, meeting with Iranian officials.Geopolitical Tensions and Inflationary Headwinds Attention remains fixed on the Middle East conflict, though uncertainty looms...

The Indian stock market is positioned for potential upward movement, driven by positive cues from the Gift Nifty. However, underlying sentiment remains measured as investors navigate global uncertainties.On Thursday, the broader markets experienced significant volatility. The Nifty 50 index plunged by 222 points, closing at 23,775. The BSE Sensex shed 931 points, closing at 76,631. The Bank Nifty index also saw a sharp decline, falling 882 points to close at 54,821.Analyzing the Global Backdrop and Market Momentum Weak global sentiments, following Israel's attack on Lebanon, cast a shadow over domestic trading. The performance highlighted a degree of selective strength.Metals sectors notably outperformed the broader indices. This...

The Indian equity markets witnessed a lull on Thursday, with both the Sensex and Nifty 50 pausing their five-session winning streak. This dip was largely attributed to profit booking amid renewed global uncertainties. Investors remained cautious, particularly citing the geopolitical developments in West Asia and fluctuations in crude oil prices.Despite the prevailing headwinds, expert insights suggest cautious optimism for the domestic market. Analysts point to potential buying activity on Friday, buoyed by positive global cues visible in indicators like the Gift Nifty.Analyzing Market Structure: Nifty Consolidation Levels to Watch According to Ajit Mishra, SVP of Research at Religare Broking, the market's immediate focus remains...

Reliance Retail Achieves 'Hectacorn' Status in Global Private Rankings Reliance Retail has achieved a landmark valuation milestone, crossing the $100 billion threshold. This achievement places the retail behemoth firmly within the coveted "hectacorn" category of companies. The ranking data, compiled by the Stanford Graduate School of Business’s Venture Capital Initiative, places Reliance Retail seventh among the world's 100 most valuable privately held, venture capital-backed firms.This authoritative ranking, based on data up to January 2026, highlights the immense scale of the Indian retail sector. Notably, Reliance Retail is the sole retail-focused company featured within the top 7 of this global private ranking.India's Presence...

The Indian stock market is poised for potential upside on Friday, fueled by upbeat global market cues. Despite an underlying cautious sentiment stemming from the fragile US-Iran ceasefire deal, market indicators suggest a positive trajectory for the Nifty 50 and Sensex.Early Market Signals Point to Positive Open for Indian Indices Trading activity visible in the Gift Nifty suggests underlying strength. The index was observing a premium of nearly 71 points, trading around the 23,932 level.This positive outlook follows a challenging session for the benchmark indices in the previous trading period. In that session, the Sensex had plummeted by 931.25 points, marking a 1.20% decline to close at 76,631.65. The Nifty 50 mirrored this...

Tata Consultancy Services (TCS) remains a focal point for market attention following its recent Q4 FY26 results. Several major brokerages have maintained a constructive outlook, pointing to stable margins and strong Artificial Intelligence (AI) contributions. However, a nuanced picture emerges, with differing views on the long-term sustainability of growth and margin expansion.Brokerage Consensus: Spotlighting AI and Deal Momentum The overarching theme among analysts is the robust deal pipeline and the accelerating role of Generative AI (GenAI). CLSA noted that GenAI revenue now stands at an annualized $2.3 billion, contributing 7.5 percent of total revenue. Similarly, JPMorgan highlighted that AI revenue grew 28 percent sequentially...

Precious Metals Retreat as West Asia Tensions Ease on April 10th Bullion traded marginally lower during the early trading on April 10th. The movement in precious metals is occurring amid a discernible easing of geopolitical tensions in West Asia. Investors are maintaining a watchful stance as they process the developments following the US and Iran reaching an agreement on a two-week ceasefire.On the international front, the spot price action mirrored this sentiment. The international spot price of gold declined 1.01 percent, settling at $4,769.30 per ounce. Simultaneously, silver experienced a more pronounced dip, edging 1.50 percent lower, recording $75.29 per ounce on Comex.Domestic Gold and Silver Performance on Indian Exchanges...

The Indian stock market indices, Sensex and Nifty 50, are poised for a potentially positive start on Friday. Investors are tracking global market momentum, even as lingering concerns regarding the US-Iran ceasefire cast shadows over early trading sentiment.The indicators, particularly the Gift Nifty, suggest the benchmark indices are likely to open with upward momentum. The Gift Nifty itself was observed trading near the 23,942 level, marking a significant premium of nearly 81 points above the previous Nifty futures close.This optimism follows a turbulent session on Thursday, when the Indian stock market experienced a notable downturn. The benchmark Nifty 50 settled 0.93% lower at 23,775.10, while the Sensex plunged by 1.20% to...

Mixed Global Cues Guide Opening Signals for Indian Equities Indian stock market indices are expected to open higher on Friday, buoyed by gains observed in global markets. This positive sentiment is largely underpinned by ongoing optimism surrounding peace talks between the US and Iran. Investors are closely monitoring the implications of the fragile two-week ceasefire deal.On the previous day, the Indian market experienced a significant downturn. The Sensex crashed 931.25 points, marking a decline of 1.20% to close at 76,631.65. Similarly, the Nifty 50 settled 222.25 points lower, or 0.93%, at 23,775.10.Asian Trading Benchmarks Point to Positive Openings Asian markets traded mostly higher on Friday, despite cautious sentiment...

Market Analysis: Bearish Signals Cloud Indian Index Outlook The Indian stock market closed 1% lower on Thursday, April 9. This decline followed sharp intraday gains on the prior session, influenced by persistent geopolitical tensions and lingering concerns over the two-week ceasefire that lifted crude oil prices.The Sensex shed more than 1,000 points, registering a 1.3% drop to close at 76,557. Concurrently, the Nifty 50 fell 257 points, or 1.07%, settling at 23,740.Nifty 50 Technical Outlook: Cautious Consolidation Favoured The NIFTY 50 started the session weak, opening with a gap-down of 88 points. Attempts to sustain above higher levels ultimately failed, leading to a sharp correction amidst strong selling pressure.Intraday...