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Jewellery and real estate stocks experienced a sharp decline after Prime Minister Modi urged financial restraint, advising citizens to postpone gold purchases and reduce discretionary travel. The comments, aimed at curbing fuel consumption amid geopolitical uncertainty and high energy costs, triggered an immediate market reaction in sectors tied to household spending.
Onward Technologies has approved a Rs 180 crore share buyback, repurchasing nearly 5.49 lakh shares at Rs 328 apiece, a 20% premium. Promoters will not participate in this first-ever buyback, with May 18 set as the record date. The company appointed Centrum Broking as the buyback manager.
Copper prices surged to record highs globally, with MCX copper rising 1.3% amid supply disruptions and strong demand from electrification and AI-linked sectors. Analysts cite tightening supply chains and geopolitical tensions as key drivers. Despite a recent pullback, technicals and fundamentals suggest continued bullish momentum with dip-buying opportunities.
The drug regulator has ordered all 4,153 licensed blood banks to register on a national portal by Wednesday, as the government tightens oversight following HIV contamination incidents. The push aims to replicate systems already in place in US, UK, and EU.
An analysis of mutual fund portfolios revealed 29 stocks held exclusively by single schemes, with most underperforming in CY26. However, Satin Creditcare Network, Rossell Techsys, and Amanta Healthcare bucked the trend, delivering strong returns. Brooks Laboratories and EFC (I) were among those experiencing significant declines.
Radhan Pandit Vettrivel is one of India's high-profile celebrity and political astrologers. He has over 40 years of experience in Vedic astrology, numerology and meditation-based guidance.
TeamLease Services will hold a board meeting on May 20. The board will review the company's January-March quarter results for FY26. A proposal for a share buyback will also be considered. This potential buyback would be the first in three years. The company's stock saw a significant jump following the announcement.
Global energy markets are entering a structurally tighter phase due to years of underinvestment in crude oil and refining. While renewables are growing, grid constraints persist, and downstream product shortages are emerging, signaling a multi-year squeeze across the energy sector.
Today's quote of the day comes from Hollywood legend Harrison Ford, who said: 'To me, success is choice and opportunity.' Here is what the Star Wars and Indiana Jones star meant, and why his words continue to resonate.
Today's quote of the day comes from Florence Nightingale, the founder of modern nursing, who said: ‘The very first requirement in a hospital is that it should do the sick no harm.’ Here is why her words remain as relevant today as ever.
Despite foreign investor outflows, domestic investors are bolstering Indian equities, keeping benchmark indices resilient. Market veteran Gautam Trivedi notes a divergence between the economy and stock market, with India appearing unattractive to foreign investors compared to AI and commodity-linked emerging markets. Domestic inflows, driven by retail and institutional investors seeking better returns, are offsetting FII exits.
Euro zone bond yields surged as hopes for a U.S.-Iran peace deal diminished, with markets now anticipating three European Central Bank interest rate hikes this year. Rising oil prices and geopolitical uncertainty contributed to a more downbeat market sentiment, while German inflation remained at 2.9% in April.
Australia's stock market saw a decline for the third consecutive day. Banks led the losses as investors anticipated a federal budget focused on spending cuts and reforms. The market reacted to the Reserve Bank of Australia's recent interest rate hike due to persistent inflation. While some sectors like infrastructure and healthcare were spared, broader market sentiment remained cautious.
Bitcoin slipped below $81,000 after briefly crossing $82,000 as geopolitical tensions rose following US President Donald Trump’s rejection of Iran’s peace proposal. Despite volatility, BTC held key support, while institutional buying and ETF inflows signalled steady demand. Altcoins were mixed, with select tokens gaining while others declined.
Gaurik Fashions has filed draft IPO papers with Sebi to raise funds through a fresh issue of 62 lakh shares and an OFS of 8 lakh shares by Aries Opportunities Fund. The retailer, which operates stores for brands such as Skechers, Guess and Bugatti, plans to use the proceeds to expand its retail footprint by opening new stores and funding inventory requirements across its subsidiaries.
Jyothy Labs shares dropped significantly after the company revealed that licence agreements for popular dishwash brand Pril and personal care brand Fa with Henkel will end in May 2026. This marks the conclusion of a long-standing partnership. Jyothy Labs is now focusing on its own brands, particularly Exo in the dishwash segment.
Foreign investors are fueling a currency-stock market spiral, despite resilient domestic earnings. Analyst Sandip Sabharwal highlights strong corporate results and steady SIP inflows as market anchors. While retail trading has cooled, patient investors can look forward to a rebound once global sentiment improves, with Indian Hotels identified as a promising long-term pick.
