Stock Market Rally

VK Vijayakumar of Geojit Investments, said India's relative outperformance continues to be aided by weakness in the KOSPI and the broader weakness in the global chip trade.

Delhivery share price hit a high of ₹512.55 on the NSE in Thursday's trade, its highest point since October 2022. Motilal Oswal, Choice Broking and JM Financial have a 'Buy' call on the stock.

Analysts at Emkay believe that MSC's stake buy in Adani Vizhinjam Port improves Adani Ports revenue visibility, can aid the volume trajectory and positions it to capture transshipment opportunities.

Aurobindo Pharma stock hit a 52-week high at ₹1,585, and quoted close to its record high of ₹1,592 hit in September 2024. HDFC Securities maintains 'Add' rating on the stock.

On Thursday, IndiGo stock rallied nearly 5% as crude oil prices dipped below US-Iran war levels. The airline stock logged its biggest monthly rally in March 2019.

Private banking and select IT stocks led market pullback on Wednesday as lower oil prices, and hopes of India-US trade deal lifted sentiment.

Movement in the stock market will hinge on the outcome of talks between the US and Iran, crude oil prices and trading activity of foreign investors in the holiday-shortened week ahead, analysts said. Technical-level talks will be held in Burgenstock, Switzerland, on Sunday between the US and Iran. US Vice President JD Vance was initially supposed to hold a first round of talks with senior Iranian officials on Friday at a mountainside resort in the tiny Swiss village of Obburgen, but his Iranian counterparts cancelled their plans to attend because of escalating fighting between Israel and Iranian-backed Hezbollah in Lebanon. Stock markets would remain closed on Friday for Muharram. "Investor attention in the week ahead is likely to remain firmly focused on developments surrounding the US-Iran peace process. Crude oil prices will remain a key variable, with continued stability supporting India's macroeconomic outlook, while any deterioration in Middle East relations could reignite ..

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

HFCL wins additional ₹2,666 crore work order from RVNL for BharatNet project; the stock has surged 193 per cent thus far in FY27.

The primary trigger for Monday's rally was news that the United States and Iran had reached an agreement to end the conflict and reopen the Strait of Hormuz, a critical artery for global oil shipments

Technical analysts believe that the Nifty can potentially surge to 24,600 from here if it clears hurdles at 23,800 and 24,200-24,300 levels.

A Bloomberg report said that the US and Iran are edging closer to signing an agreement to reopen the Strait of Hormuz as the Group of Seven world leaders are set to meet next week.

Hedge fund Golden Horse Fund Management has trimmed exposure and added derivative protection, while M&G Investments has cut memory and foundry holdings to broaden out down the AI supply chain

Stock market this week will track simmering tensions in West Asia, its impact on crude oil prices, and trading activity of foreign investors, analysts said. The trading week may begin on a cautious note following a sharp decline in the US markets over the weekend, an expert said. Besides, progress of monsoon and inflation data announcement will also be important factors to watch out for. "This week will be driven by key inflation, and global macroeconomic data releases. In India, investors will closely track inflation data for May, scheduled for release on June 12, along with foreign exchange reserves data on the same day. "Globally, developments around the US-Iran negotiations and their implications for crude oil prices, currency movements, and overall risk sentiment will remain in focus," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. US markets ended sharply lower on Friday, with the Nasdaq Composite tumbling 4.18 per cent. The S&P 500 dived 2.64 per cent and Dow Jones

Markets are hopeful of a positive outcome from ongoing trade negotiations between India and the US

Developments around the USIran situation, crude oil prices, and the RBI's interest rate decision would determine the trend in the equity market in an event-heavy week ahead, analysts said. Besides, macroeconomic data announcements, trading activity of foreign investors and the rupee-dollar trend would act as key drivers for equities, they noted. "Participants will closely monitor global developments surrounding the USIran situation and movement in crude oil prices, which continue to remain critical for inflation expectations, currency stability, and foreign flows," Ajit Mishra SVP, Research, Religare Broking Ltd, said. The final HSBC Manufacturing PMI reading for May will be announced on Monday, followed by the Services PMI and Composite PMI data on Wednesday. These indicators will provide important insights into demand trends, business activity, and growth resilience across sectors, he said. "The key event of the week will be the RBI monetary policy announcement on Friday," Mishr

Hopes of extended US-Iran ceasefire talks lifted global equities and eased oil prices, while gold rebounded after touching a two-month low

Coforge has rallied 12 per cent in the last three trading sessions. Technical analyst at Geojit highlights the formation of a higher-high on the weekly chart among key reasons.

On the sectoral front, barring Nifty IT, all the indices closed in green. Nifty Pharma, Nifty Healthcare and Nifty Metal emerged as the top gainers, rising more than 2 per cent each.

Shares of Bharat Heavy Electricals Limited (BHEL) hit a new high of ₹398.95 after a gap of over 18 years, as they rallied 13 per cent during intra-day trade on May 3 on the BSE