Latest Stock Market News

Reliance Industries Q4 earnings beat estimates with a 2% YoY profit rise to Rs 19,407 crore, driving a 4.4% stock rally. Brokerages raised targets up to Rs 1,708, citing strong growth prospects across energy, retail, and telecom segments, despite some softness in Jio’s performance and cautious capex outlook.

The MSCI India Standard Index rejig on May 13 may see Nykaa included, attracting $210 million in passive inflows. Adani Energy Solutions and Coromandel International have lower inclusion chances, while Thermax is likely to be excluded, potentially causing $120 million in outflows. Changes will take effect from June 3, 2025.

Japan s Nikkei rose for a fourth straight session on Monday, driven by automobiles stocks after Toyota Motor revealed it might invest in key parts supplier Toyota Industries.

Despite escalating India-Pakistan tensions following a deadly attack, Indian stock markets surged, driven by strong earnings and substantial FII inflows. The Sensex and Nifty rallied, led by Reliance Industries and broad-based gains across sectors. While experts advise caution and monitoring geopolitical developments, historical data suggests limited long-term market impact from such conflicts, with investors focusing on macro trends and liquidity.

Robert Kiyosaki, the author of Rich Dad Poor Dad, has shared a thought-provoking riddle on X, highlighting the contrasting spending habits of the rich and the poor. He suggests that the poor overspend on unnecessary items, while the wealthy prioritize acquiring assets.

On the downside, Nifty has immediate support levels at 23,800 and 23,300, which could provide a cushion in the event of further pullbacks. On the upside, a decisive move above 24,000 may pave the way for a rally towards the next resistance at 24,800.

European shares nudged higher on Monday, after registering a second consecutive weekly gain, as investors looked ahead to potential tariff developments and a busy week of earnings and economic data.

Bitcoin experienced gains, driven by strong institutional inflows and growing investor confidence, reaching $94,598. Altcoins like XRP, Hedera, and Chainlink also saw increases. Bitcoin s market cap climbed, supported by U.S. spot Bitcoin ETF inflows, with analysts eyeing $94,600 as the next breakout level and a potential surge to $124,000.

FIIs’ shareholding in Axis Bank declined by 3.4% in the March quarter

Ather Energy s IPO, aiming to raise nearly Rs 3,000 crore, saw a slow start with just over 12% subscription on day one, led by retail investors. Despite a subdued grey market premium, analysts are optimistic, citing Ather s strong market position and R&D. The IPO values the company at approximately $1.4 billion, with proceeds earmarked for expansion and R&D.