Page 2 - Market Lens

AI-fuelled rally drives global momentum stocks to record performance

Bulls say the AI frenzy can continue luring money into the market's biggest winners, though some caution that the scale of the outperformance is a warning sign

Proprietary derivatives trading share shrinks after STT hike, shows data

Higher STT rates squeezed arbitrage margins in April, reducing proprietary trading activity in India's equity derivatives market

Smallcap funds generate alpha despite uncertainty in equity markets

Most active equity schemes managed to outperform benchmarks over the past year amid heightened volatility

Monthly SIPs to blame for rupee's slide and not CAD; Jefferies explains why

A potential valuation correction, artificial intelligence trade (AI) trade unwinding and the Strait of Hormuz opening for business, the note said, could stem these outflows

Inflation-fisc trade-off is likely to keep bond yields high for now

The upswing in the yield curve largely reflects worsening expectations around fiscal and inflation outcomes, an unfortunate fallout of the West Asia crisis for India's macros.

India's IPO market expected to hit fresh records despite challenges: Citi

Citigroup's India head of investment banking, Rahul Saraf, said more deals should emerge as multinationals reassess portfolios and divest non-core assets

Apollo Tyres, Kaynes, Tata Capital, United Breweries hit 52-week lows

The stock price Kaynes Technology was quoting lower for the fifth straight day, plunging 27 per cent during the period.

FPIs cut stakes in HDFC Bank, Reliance since 2022; bet on Paytm, Eternal

FPIs have reduced shareholding in large-cap stocks like HDFC Bank, Reliance and Infosys since 2022 while increasing exposure to Paytm, Eternal, Polycab and healthcare stocks, ICICI Securities said

Mutual funds' stock market lead over LIC widens for fifth year in a row

Smallest LIC bet is in a company with less than ₹2 crore in market cap

First of a few fuel price hikes; markets to remain rangebound, say analysts

The upward revision in prices for both fuels, said Jyotivardhan Jaipuria, founder and managing director at Valentis Advisors, was already expected though the quantum of ₹3 per litre seems too less.

Gold, silver ETF assets near all-time highs after import duty hike

As of May 13, combined AUM of gold and silver ETFs stood at ₹2.9 trn, up about 12% so far this month

'Raising fuel prices is a better option over duty hike in gold and silver'

Value of gold imports rose in FY26 even as volumes fell. Apurva Sheth of Samco explains why higher gold duty may not curb demand and why fuel price hikes could better protect India's fiscal position

Have the markets overreacted to PM's austerity appeal? Experts decode

Experts believe the markets, which were already nervous owing to the West Asia war, may have overreacted to PM Modi's appeal for austerity measures given the sharp fall seen in the last two days.

Mid-, small-cap rally likely to turn stock-specific amid valuation concerns

While the small- & mid-cap rally may not sustain the extraordinary pace witnessed in recent months, a sharp reversal also appears unlikely amid strong domestic liquidity, writes Srimal of Axis Direct

Mid-, small-cap rally faces big question: Resilience or risk mispricing?

Several SMID companies are trading at substantial premiums to historical averages, reflecting expectations of uninterrupted earnings growth. That assumption may prove fragile, says Apurva Sheth

Risk-reward less attractive for Indian stocks vs Asian peers: Goldman Sachs

While the bulk of foreign selling is likely over after the outflows over the recent months, Goldman Sachs does not see foreign investors returning to Indian shores in a hurry, even if oil prices dip.

Active equity share in mutual funds' AUM falls first time since pandemic

Active equity funds lost share in mutual fund AUM for the first time since Covid as investors shifted towards passive, hybrid and precious metal-backed products

FIFA world cup, stock market crash, economic woes: What does history say?

A FIFA-WTO study estimates the 2026 World Cup could generate $80.1 billion in global output, add $40.9 billion to global GDP, and support around 824,000 jobs

AI disruption, West Asia war top concerns for India Inc in Q4: ICICI Sec

ICICI Securities said that AI-led disruption in IT services and inflationary pressures from the West Asia war have emerged as key risks for India Inc during Q4FY26 results season

TSMC widens weight gap with India in widely tracked MSCI Emerging Markets

Chipmaker rally lifts Taiwan to the top of EM hierarchy; India's weight at 6-yr low