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Indian cricket star Rohit Sharma has hinted at a major entry into the entertainment industry after Sony Pictures Networks released a teaser promoting what it called “the biggest entertainment debut of the year”.
The Enforcement Directorate conducted new raids on Punjab Industries Minister Sanjeev Arora and associates in a money laundering case, targeting five locations including his Chandigarh residence and a Gurugram real estate firm, under the Prevention of Money Laundering Act.
Silver experienced a dramatic price plunge in 2026, falling from an all-time high to nearly $60 per ounce. This volatility stemmed from macroeconomic pressures and speculative unwinding, not fundamental weakness. Despite its diminished safe-haven status, strong industrial demand, particularly in green tech, and persistent supply deficits offer long-term support.
Indian equity markets are at a crucial juncture, with the Nifty hovering around 24,500, facing strong resistance. Analysts warn of a potential correction if the index fails to breach 24,750 soon. While some stocks like CG Power and M&M show resilience, the Bank Nifty's momentum is fading. Traders are advised to watch for dips in Vedanta and Firstsource.
LPG cylinder prices in India remained steady on 9 May despite slight adjustments. Ongoing global supply disruptions are impacting fuel costs, but the government continues to shield consumers from significant price increases amid rising international energy costs.
Indian investors can now access global markets easily. Tokenization converts real-world assets into digital tokens. This allows fractional ownership of international stocks like Tesla and Apple. It offers diversification beyond domestic savings. India's digital payment success positions it for this new financial era. Meaningful participation in global finance is now within reach for everyone.
President Trump visits China this week. Saudi Aramco reports results amid a fragile situation. Economic data will reveal the Middle East conflict's impact. Japan's economy faces challenges. Britain's growth figures are also awaited. Investors will monitor these developments closely.
The International Monetary Fund anticipates a net income of approximately $2.5 billion for the 2026 financial year, with projections for $2.6 billion in both 2027 and 2028. Precautionary balances are set to reach $35.9 billion by 2026. The IMF will maintain its lending rate margin at 60 basis points for member countries.
Indian markets are keenly watching upcoming inflation and consumer spending data, alongside developments in the Iran conflict and a crucial US-China summit. Strong corporate earnings have fueled a significant stock market rally, with investors now focused on potential resolutions in the Middle East and their impact on oil prices.
Sebi has announced that market price data for listed companies will be available with a 30-day lag for investor education and awareness activities. This new regulation, effective July 1, 2026, aims to prevent data misuse and ensure educational content remains current. The National Institute of Securities Markets has received a special exemption.
Mumbai Citi has downgraded India to underweight, citing persistent macroeconomic and geopolitical challenges alongside weaker earnings projections. The brokerage anticipates an 11.7% upside for the Nifty, reaching 27,000. While acknowledging lighter market positioning, Citi's earnings forecasts for FY27-28 are still factoring in the Iran War's impact. Banks, telecom, defence, and pharma are favored sectors.
Petrol prices in India remain dynamic and updated daily at 6 AM based on global crude oil rates, taxes, and currency changes. As of today, rates vary across cities, with Delhi around ₹94–95/litre and Mumbai near ₹103/litre, reflecting stable pricing despite global oil volatility.
State Bank of India shares experienced their largest single-day drop in two years, falling nearly 7% after disappointing fourth-quarter earnings. The decline was attributed to reduced net interest margins and lower treasury income. Analysts suggest potential further dips, with support expected around the ₹970-990 zone.
Indian equities closed lower Friday, impacted by renewed US-Iran tensions, though the market secured weekly gains thanks to falling oil prices. The Nifty 50 and Sensex saw dips, with investor sentiment cautious due to geopolitical risks and potential impacts on corporate earnings from rising input costs. Sectoral performance was mixed, with banking stocks facing pressure.
Indian regulator Sebi has given the green light for five companies to launch their Initial Public Offerings. Dhoot Transmission, Horizon Industrial Parks, Hotel Polo Towers, Crystal Crop Protection, and Surgiwear have received Sebi's observations. This allows them to proceed with raising funds through public issues.
Employees exercising stock options can now pledge shares for funds during trading window closures, thanks to a Sebi clarification. This provides regulatory comfort for bona fide transactions, aiding employees who rely on financing to exercise vested options. However, lenders invoking pledged shares will still face contra-trade restrictions.
State Bank of India achieved its second-highest annual corporate profit, reaching ₹83,299 crore. Despite robust loan growth, investor sentiment dipped due to margin pressures and treasury losses. The bank's net profit rose 6% in the fourth quarter. Chairman CS Setty expressed confidence in continued credit growth for the current fiscal year.
