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Nippon Steel s shares saw a surge in Tokyo. This followed Donald Trump s backing of their bid for U.S. Steel. Trump highlighted the deal s potential to create jobs and boost the U.S. economy. U.S. Steel shares also jumped significantly. The deal is crucial for Nippon Steel s global expansion. It aims to increase production amid declining domestic demand.

Gold surged nearly 5% last week as safe-haven demand rebounded amid U.S.-EU tariff tensions and global fiscal concerns. Trump’s shifting stance on EU tariffs and falling U.S. dollar added to volatility. With USDINR fluctuations likely to influence local prices, traders eye resistance near $3,371. A breakout may target $3,435–$3,500, while support holds at $3,250.

LIC Mutual Fund s Dikshit Mittal suggests focusing on companies catering to the upper-middle class and affluent Indian consumers, along with selective domestic pharma. He is bullish on industrials and capital goods, particularly those in power generation and import replacement.

Lakshmi Iyer from Kotak Alternate suggests that Indian bond markets might experience profit booking if US 10-year Treasury yields breach and sustain above 5%. While near-term market reactions are muted, persistent high yields driven by inflation could trigger foreign investor outflows. Despite concerns, a combination of debt and equity flows should prevent a significant rupee collapse.

NTPC reported a 22% YoY rise in consolidated Q4 net profit to Rs 7,897 crore, driven by a 3.2% increase in revenue to Rs 49,834 crore. For FY25, PAT grew 9% to Rs 19,649 crore. The company recommended a final dividend of Rs 3.35 per share. Analysts maintain a ‘Buy’ rating with a target price of Rs 344.6.

These stocks 50-day simple moving averages (SMA) crossed their 200-day SMAs on May 19.

RBI has announced a record Rs 2.69 lakh crore dividend for FY25, a 27% rise from last year but below market expectations of nearly Rs 3 lakh crore. The higher contingency reserve under the Economic Capital Framework limited the payout. While markets may react cautiously, this dividend strengthens government finances and supports fiscal deficit reduction and increased spending.