Latest Stock Market News

Stock markets experienced a slight downturn after a period of consolidation, influenced by mixed global signals. Several companies, including ONGC, IndiGo, and IndusInd Bank, are set to release their Q4 results today. United Spirits reported a significant profit increase, while Dixon Technologies saw a substantial surge in its profit after tax.

Oil prices surged following reports of potential Israeli preparations for strikes on Iranian nuclear facilities, as indicated by US intelligence. Asian stocks experienced gains, while US equity futures showed slight declines. Geopolitical tensions are resurfacing, potentially impacting markets that had recently stabilized after tariff-related volatility.

US stocks declined on Tuesday, ending a six-day winning streak. Rising Treasury yields and concerns about US debt impacted the market. Donald Trump s tax-cut plan added to debt worries. The Dow, S&P 500, and Nasdaq all experienced losses. Energy, communication services, and consumer discretionary sectors led the decline. Investors are also watching Federal Reserve officials comments on monetary policy.

Oil prices saw a rise following reports of a potential Israeli strike on Iranian nuclear facilities. This development has sparked fears of supply disruptions in the Middle East. Brent crude futures increased. US crude futures also experienced a surge. Concerns exist about Iran potentially blocking the Strait of Hormuz. US crude oil stocks rose, while gasoline and distillate inventories fell.

Gold prices experienced a rise on Wednesday, reaching $3,300.72 an ounce, as the dollar weakened amidst U.S. fiscal uncertainties. Investors sought refuge in gold due to ongoing debates in Congress over a significant tax bill. The dollar s dip to a two-week low made gold more affordable for international buyers.

The U.S. dollar weakened as President Trump struggled to gain support for his tax bill, and concerns arose about potential U.S. intervention for a weaker dollar. Trade war developments slowed, impacting currency markets, while rising U.S. Treasury yields and a Moody s downgrade contributed to a "sell America" sentiment. Analysts suggest the U.S.

Railway stocks have surged mysteriously alongside defence counters post Operation Sindoor, despite no new capex push or policy trigger. Experts suggest this may be sentiment-driven, with momentum chasing outweighing fundamentals. While some draw a strategic defence-railways link, others caution against frothy valuations and retail exuberance. The rally echoes past manias, prompting many institutional investors to stay cautious.

Belrise Industries launched its IPO on May 21, aiming to raise Rs 2,150 crore through a fresh equity issue. The funds will primarily be used to reduce debt, with analysts recommending a SUBSCRIBE rating based on the company s growth prospects and attractive valuation. Belrise, a key automotive component supplier, serves major OEMs globally and reported strong financials in FY24.

The earnings season is wrapping up with 132 companies set to reveal their Q4 results on Wednesday. Key companies like ONGC, IndiGo, and IndusInd Bank are among those reporting. IndiGo is expected to announce a revenue jump. However, profit estimates vary among brokerages. Motilal Oswal anticipates a profit decline, while Kotak and ICICI Securities predict growth.