Market Lens

While the global setup has turned positive, analysts suggest investors remain watchful of profit booking at higher levels after the recent volatility.

The only exception has been 1998 (CY98) when the BSE Sensex slipped 16.5 per cent as market sentiment was dented due to Pokhran nuclear tests in May and the ensuing economic and trade sanctions.

Shares are mostly lower in Asia following another sell-off of artificial-intelligence stocks that dragged the US market sharply lower. US futures advanced and oil prices gained more than USD 1 a barrel. Tokyo's Nikkei lost 0.5 per cent to 63,878.60, while the Kospi in South Korea was also down 0.2 per cent, at 7,720.75. 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. In Australia, the S&P/ASX 200 likewise shed 0.2 per cent to 8,632.50. Taiwan's Taiex slipped 0.4 per cent. On Wednesday, Wall Street's former superstars continue to face heavy scrutiny. The S&P 500 dropped 1.6 per cent for its first back-to-back drop in three weeks. Closing at 7,266.99, it's back to where it was in early May. The Dow Jones Industrial Average tumbled 953 points, or 1.9 per cent, to 49,918.78. The Nasdaq composite led the market lower with a 2 per cent slide, to 25,169.50. Wall Street has been shaky since last week, when

At the proposed offer price, the space exploration company could command a valuation of nearly $1.75 trillion

AI giants dominate, evoke concentration risk concerns

In last two financial years, retail investors increased holding in 118 Nifty 500 stocks where FIIs cut stake; of these 65 stocks trade below March 2024 levels amid tepid market mood, shows data.

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

FIIs are subjected to a 12.5 per cent LTCG on listed shares and bonds held for over 12-months, and a 20 per cent withholding tax on interest from government bonds

Sky-high Indian valuations are prompting foreign firms to use IPOs for partial exits and profit repatriation, with many preferring cashing out investments over raising fresh capital for expansion

PL Capital says defence, power and capital goods stocks remain richly valued, while IT, retail, hotels and real estate trade below historical averages

FIIs have now net sold 83,828 contracts of Nifty futures in the last five trading sessions, the highest in back-to-back days in over 11 months.

High oil prices and geopolitical risks remain key concerns, says brokerage

Amid the ₹14,261.41 crore sell-off, Sudeep Shah of SBI Securities believes that FIIs build-up short positions in index futures over the last three sessions, indicating increasing bearish bets.

Against this backdrop, Bernstein has trimmed exposure to consumption-downgrading staples and autos to Underweight given inflation headwinds, limited policy support.

Indian markets slipped in May as Iran-related uncertainty, elevated oil prices and continued FPI outflows dampened investor sentiment

In April alone, they snapped up shares worth ₹19,664 cr, recording their biggest buy since Oct '24

Indian firms are increasingly opting for demergers as investors reward focused businesses and simpler corporate structures

India Inc plans an aggressive FY27 capex across energy, infrastructure, metals, EVs and data centres after ₹10.5 trillion investment in FY26, notes ICICI Securities

In the past one month, the Nifty Midcap 100 index outperformed the market by gaining 3.4 per cent, as compared to 0.1 per cent decline in the Nifty 50.

Hindalco, KEI Industries, Polycab, Apollo Hospital, Anand Rathi Wealth, GE Vernova T&D, Manappuram Finance, Navin Flurochemicals, Torrent Pharma and J B Chemicals hit fresh life-time highs on Monday.