Page 4 - Latest Updates on Stock Market
A stock trader's guide to navigating risks of rare 'Super El Niño'
A high probability of a "Super El Niño" heading into 2027 may drive up temperatures in some parts of the world, sending power demand surging, hurting crop yields and reigniting inflationary pressures
 "A stock trader's guide to navigating risks of rare 'Super El Niño'")
Asian shares fall in thin holiday trading after tech rally on Wall Street
Investor sentiment weakened after planned US-Iran talks were postponed, raising fresh questions about the pace of progress towards a lasting agreement and the reopening of the Strait of Hormuz
 "Asian shares fall in thin holiday trading after tech rally on Wall Street")
India mcap reclaims $5 trillion mark for the first time since May 8
The milestone was achieved for the first time since May 8 as falling crude oil prices and optimism over easing West Asia tensions boosted investor sentiment
 "India mcap reclaims $5 trillion mark for the first time since May 8")
Vedanta group's four demerged entities make debut on stock exchanges
Vedanta Aluminium Metal's market valuation stood at ₹1,95,773.58 crore, while Vedanta Power's mcap was ₹16,736.46 crore on the BSE
 "Vedanta group's four demerged entities make debut on stock exchanges")
SpaceX blows past $2 trillion valuation as stock jumps 20% after record IPO
Shares will likely not trade until the middle of the trading day, as the exchange collects buy and sell orders and underwriters delay trading until supply and demand is balanced
 "SpaceX blows past $2 trillion valuation as stock jumps 20% after record IPO")
Vedanta group's 4 demerged businesses set for stock market debut on June 15
The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans
 "Vedanta group's 4 demerged businesses set for stock market debut on June 15")
Asian shares decline after another AI-led sell-off drags Wall Street lower
Hong Kong's Hang Seng edged 0.2 per cent higher, to 24,468.82, but the Shanghai Composite index fell 0.2 per cent to 3,983.80
 "Asian shares decline after another AI-led sell-off drags Wall Street lower")
Govt launches NLC India OFS; Carlsberg eyes $700 million India IPO
The Centre plans to divest up to 3 per cent in NLC India through an offer for sale, while Carlsberg is preparing draft papers for a potential India listing
 "Govt launches NLC India OFS; Carlsberg eyes $700 million India IPO")
Markets slide 1% as renewed Iran-Israel tensions lift crude oil prices
Benchmark indices post their steepest decline in over two months as rising crude prices, geopolitical uncertainty and global risk aversion dampen investor sentiment
 "Markets slide 1% as renewed Iran-Israel tensions lift crude oil prices")
Cash market turnover at 22-month high in May; derivatives volumes subdued
Cash market turnover hit a 22-month high in May, driven by strong mid- and small-cap participation, while derivatives volumes stayed muted amid regulatory curbs
 "Cash market turnover at 22-month high in May; derivatives volumes subdued")
Street Signs: Korea's rally, Adani's fund appeal and a flight-seat crunch
Foreign selling paints different pictures in India and South Korea, mutual funds warm to Adani stocks, and investor conferences create an unexpected travel bottleneck
 "Street Signs: Korea's rally, Adani's fund appeal and a flight-seat crunch")
Nasdaq drops 4.2% as rate hike fears, West Asia conflict hit stocks
On Wall Street, all three indexes ended lower, led by a selloff in technology shares, including AI chipmaker Nvidia
 "Nasdaq drops 4.2% as rate hike fears, West Asia conflict hit stocks")
India's AI lag could shield it from a painful market reckoning
The AI boom, especially in terms of market valuations, is essentially no different from Tulip Mania, the South Sea Bubble, the dotcom boom, the subprime lending euphoria of the noughties, or other spe
 "India's AI lag could shield it from a painful market reckoning")
A little-known Indian stock's 530% rally reveals hidden AI winners
Leading the AI rally is Sterlite Technologies, up over 530% this year after securing a $1.1 bn US hyperscaler contract; Peers HFCL and MTAR Technologies have gained 191% and over 200%, respectively
 "A little-known Indian stock's 530% rally reveals hidden AI winners")
Nomura raises March 2027 Nifty target to 25,900 on earnings strength
High oil prices and geopolitical risks remain key concerns, says brokerage
 "Nomura raises March 2027 Nifty target to 25,900 on earnings strength")
South Korea overtakes India as world's 6th largest stock market on AI rally
Samsung Electronics and SK Hynix, newly minted members of the $1 trillion valuation club, have powered Korea's equity surge, lifting the Kospi's 2026 gains to more than 100% through AI memory chips
 "South Korea overtakes India as world's 6th largest stock market on AI rally")
Wockhardt eyes $1.5 bn peak sales from Zaynich, targets US launch by yr-end
Novel antibiotic to be launched in India around the same time; company to commercialise product on its own in US
 "Wockhardt eyes $1.5 bn peak sales from Zaynich, targets US launch by yr-end")
India Inc scorecard: Q4 earnings, revenue gain pace, grow in double digits
PSUs, cyclicals, non-bank lenders drove profit growth
 "India Inc scorecard: Q4 earnings, revenue gain pace, grow in double digits")
Market breadth positive for second straight month despite volatility
According to BSE data, the advance-decline ratio (ADR) stood at 1.06 in May, with 2,498 stocks gaining and 2,352 declining, even as the Sensex fell nearly 3 per cent during the month
 "Market breadth positive for second straight month despite volatility")
Sensex, Nifty slide 1.5% as MSCI rejig triggers late-hour market selloff
Benchmark indices posted their steepest fall in over two weeks as MSCI rebalancing triggered heavy passive fund outflows and a sharp late-session selloff
 "Sensex, Nifty slide 1.5% as MSCI rejig triggers late-hour market selloff")