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Seven stocks from the Nifty500 universe were flagged in the RSI Trending Up scan on May 7 after showing improving momentum. The indicator turned positive as RSI crossed above 50 from lower levels, signalling strengthening price momentum, improving sentiment, and potential short-term buying opportunities for traders tracking bullish technical indicators.
Cloudflare said it is cutting about 20% of its workforce, adding that the move reflects a redesign of teams and workflows around AI adoption. CEO Matthew Prince and co-founder Michelle Zatlyn said the company’s use of AI tools has increased more than sixfold over the past three months.
A forensic report in the death of a Mumbai family of four has detected zinc phosphide — a toxic rat poison — in the victims’ bodies and in watermelon samples consumed hours before they fell critically ill. Police said the investigation is still underway and the exact circumstances remain unclear.
Oil prices surged over 1% as renewed U.S.-Iran clashes raised concerns about the Strait of Hormuz's stability, disrupting hopes for its reopening. Iran accused the U.S. of breaching a ceasefire, while Washington cited retaliation for Iranian forces firing on its vessels. Despite recent losses, the conflict's escalation could significantly impact global oil flows.
Nearly 104.7 crore Lenskart shares, valued over Rs 51,000 crore, become tradable today as a six-month lock-in expires. The eyewear retailer's stock has seen significant recovery since its muted listing, despite recent social media backlash and subsequent policy changes regarding religious symbols.
OnEMI Technology Solutions, the company behind Kissht, is poised for its stock market debut. Grey market trends suggest a strong listing, with shares expected to trade above the issue price. The IPO saw significant demand, particularly from institutional investors. Proceeds will bolster the company's NBFC subsidiary for future loan growth. Investors anticipate a successful debut for this fintech player.
Simca Advertising's IPO opens Friday, aiming to raise Rs 58 crore through a fresh issue of shares priced between Rs 174-183. The Mumbai-based out-of-home advertising firm plans to utilize the funds for LED screen expansion and working capital. The company reported steady financial growth, with a profit of Rs 10.68 crore for the nine months ended December 2025.
US Iran War LIVE: Centcom said Iran had used missiles, drones and small boats in the attack, which targeted three Navy destroyers. The U.S. said it targeted missile and drone sites and other locations in response.
The Trump administration has invited CEOs from NVIDIA, Boeing, Apple and other US firms to join President Donald Trump’s China visit next week. Earlier, NVIDIA’s Jensen Huang said it would be a “great honor” to attend as talks are set to cover trade, AI chips, aviation and geopolitics.
Gold prices are climbing, set for a weekly rise. Investors are optimistic about peace between the U.S. and Iran. This is happening even as fighting has resumed. Fears of inflation and higher interest rates are easing. The U.S. Federal Reserve is expected to keep rates steady. China's central bank continues to buy gold. Markets await U.S. employment data.
Global markets saw the dollar strengthen on Friday due to renewed US-Iran hostilities. Oil prices surged, increasing risk aversion. The Japanese yen remained stable as Tokyo issued verbal warnings against sharp declines. Investors are now focused on the upcoming US non-farm payrolls report. Sterling faced its first weekly loss since March, awaiting local election results.
Oil prices surged Friday amid renewed U.S.-Iran clashes, jeopardizing a fragile ceasefire and dimming hopes for reopening the vital Strait of Hormuz. Brent crude and WTI futures climbed significantly, reversing earlier declines. This escalation follows Iran's accusations of U.S. violations and U.S. claims of retaliatory strikes, despite President Trump stating the ceasefire remains in effect.
