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The Japanese yen has stabilized after authorities intervened to strengthen it. Markets are watching for further action and potential US involvement. Global trade tensions are also a concern, with President Trump announcing a move regarding ships in the Strait of Hormuz. The Australian dollar and euro saw slight gains. Bitcoin experienced a minor dip.
Oil prices dipped as President Trump announced efforts to free ships in the Strait of Hormuz. However, the absence of a US-Iran peace deal continues to support prices above $100. Negotiations remain stalled, with both nations holding firm on their demands. OPEC+ plans a modest output increase, but disruptions in the Strait of Hormuz may limit its impact.
Vote counting for assembly elections in West Bengal, Assam, Tamil Nadu, Kerala, and Puducherry begins today. Equity traders anticipate a volatile trading week. Early trends are expected within two hours, with clearer leads by late morning. Investors are advised to focus on broader macro signals beyond political headlines. Crude oil prices and foreign fund flows remain significant market drivers.
Indian markets opened weak on Thursday, experiencing a partial recovery but remaining in the red. Persistent FII outflows, a weak rupee, and elevated crude oil prices are expected to keep markets sideways. The India VIX rose, indicating increased market fear, while the rupee gained slightly against the US dollar.
Markets closed the week with modest gains amidst a volatile trading environment. Key domestic triggers include financial results from Kotak Mahindra Bank, DMart, and Nestle India, while global cues like crude oil prices and the rupee's movement will be closely watched. Vodafone Idea's AGR chapter closure and Coal India's production dip are also significant.
Asian stocks opened higher, with South Korea leading gains, while crude oil fluctuated amid mixed Middle East signals. Strong tech earnings supported US equity futures, which traded with caution after record highs. Markets reacted optimistically to President Trump's statement on guiding ships through the Strait of Hormuz, though Iran issued a warning.
Corporate borrowers are increasingly favoring bank loans over bond issuances as rising capital market yields diminish the cost advantage of bonds. Spreads between bank lending rates and bond yields have significantly compressed, particularly for higher-rated entities, leading to a notable shift in fundraising strategies.
Analysts are identifying stock-specific opportunities for May following April's short-covering rally. Bullish bets include Sun Pharma, Adani Ports, ONGC, Sona BLW, Bharti Airtel, ITC, and Kotak Mahindra Bank, with specific price targets and stop-losses. Conversely, Tata Motors Passenger Vehicles shows bearish sentiment with a potential downside target.
US President Donald Trump stated his representatives are having positive discussions with Iran, suggesting potential diplomatic progress despite previous criticisms of Iran's proposals.
Indian pharma and healthcare firms face a mixed March quarter. While hospitals anticipate steady growth, generic drugmakers grapple with lost Revlimid sales and pricing challenges. Lupin and Divi's are poised for strong performance, with Sun Pharma and Torrent showing resilience. Apollo Hospitals expects robust traction across its diverse segments.

The initiative, which digitizes revenue collection, follows successful implementations in Chhattisgarh and Himachal Pradesh, aiming to empower local governance through improved transparency and efficiency.
Nifty is expected to trade within a narrow range of 23,500–24,800 due to geopolitical tensions and high oil prices. Analysts suggest a mildly positive bias, with specific trading strategies and stock picks like ITC and Tube Investments recommended for potential gains.
US equities are nearing previous highs despite ongoing concerns about higher energy prices stemming from the Iran conflict. While tech earnings and Fed decisions fueled investor optimism, the persistent rise in oil prices continues to pose a risk of inflation and potential interest rate hikes, particularly in Europe.
Indian stock markets may see continued gains in May. Investors should resist the urge to sell. While a repeat of April's strong rally is unlikely, key indices have historically performed well in May. Moderate, stock-specific moves are expected. Elevated oil prices and a strong dollar could limit significant upside.

IMD has issued a red alert for severe thunderstorms, hailstorms and gusty winds of up to 80 kmph across Delhi on 4 May 2026. Here is what residents need to know and how to stay safe.




World News Today Live Updates on May 4, 2026: Stay informed on global events with our in-depth world news coverage, bringing you the latest developments across politics, economy, and culture. Discover insights into international affairs, breaking news, and the trends shaping our interconnected world, all in one place.


TP premiums rose 9.3% in FY26, compared with 9% growth in OD, taking overall motor insurance expansion to about 9% on an estimated base of ?1.08 lakh crore. This contrasts with FY24, when OD grew a stronger 17.4% against roughly 10% for TP, supported by robust vehicle sales and pricing improvements. In FY25, OD grew at 8.1% while TP grew at 7.8%. The latest shift comes despite no increase in regulated TP premium rates since the pandemic.