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Australian shares saw a slight dip on Tuesday. The Reserve Bank of Australia increased its cash rate by 25 basis points. This move was anticipated by markets. Inflation remains a concern due to rising oil prices. The central bank also lowered its economic growth forecast. Financial and mining stocks experienced declines. Energy and technology sectors showed gains.
Retail investors in the US have shifted from being seen as “dumb money” to a powerful market force, consistently profiting by buying dips. Their resilience has been strong enough to influence professional investors, who are increasingly taking cues from retail behavior.
M&M Q4 Results: M&M board also recommended a final dividend of Rs 33 per ordinary equity share of face value Rs 5 each, for FY26. The record date for the final dividend shall be Friday, July 03, 2026.
GameStop shares fell over 10% after CEO Ryan Cohen sidestepped questions on funding its $55.5 billion bid for eBay. The proposed half-cash, half-stock deal faces a funding gap despite planned debt and cash use. eBay has not engaged, while Cohen may pursue a proxy fight if required.
Petrol and diesel prices in India remained stable despite global fuel price pressures due to the Strait of Hormuz blockade and US-Iran tensions. Crude oil prices rose due to tensions in the Strait of Hormuz, affecting the rupee and market sentiments with a notable decline in Sensex and Nifty.
Despite the BJP's electoral victory in West Bengal, the Indian stock market experienced a significant downturn. Surging crude oil prices and a depreciating rupee overshadowed political positives, leading to a sharp decline in the Sensex and Nifty. Global geopolitical realities and sustained foreign selling are currently dictating market trends.
Large mutual funds are skipping smaller IPOs amid market volatility and valuation discipline, leaving a backlog of mid-sized listings stranded. Private equity and venture capital firms are stepping in as alternative funding sources, with over 10 IPO mandates running dual public-private modes.
Indian equity markets show resilience post-election results. Market expert Sandip Sabharwal notes that governance and policy continuity are key. Banking stocks are consolidating, but asset quality remains strong. The ongoing earnings season reveals select winners, with auto and power equipment manufacturers showing promise. Small and midcaps continue to outperform due to domestic flows, presenting ongoing opportunities.
Smallcap investors are piling into the “Bengal theme” after the BJP’s landslide win in West Bengal, driving sharp rallies in state-linked stocks. IFB Agro surged 27% and Dhunseri Tea 22%, leading seven stocks posting double-digit gains. However, analysts caution that real industrial transformation will take years, with market attention already shifting to West Asia tensions and upcoming earnings.
Smallcap stocks outperformed on Tuesday despite weak broader markets, with Wockhardt, Tata Tech and CAMS gaining up to 11% on strong Q4 earnings. While Nifty 50 slipped below 24,000 amid global concerns, improving momentum and technical indicators signal potential continued strength in the smallcap segment, according to Emkay.
Indian government bonds declined Tuesday, with the benchmark 10-year note facing its sixth consecutive day of losses. Renewed attacks in the Gulf pushed oil prices higher, negatively impacting India's macro outlook and increasing the country's import bill. Analysts anticipate further yield increases if the conflict persists.
HFCL shares rose after it, along with subsidiary HTL Limited, secured new orders worth Rs 84.23 crore from a domestic telecom provider. The deal involves supplying customized optical fiber cables, with execution expected by August 2026, strengthening the company’s position in telecom infrastructure.
Bitcoin surged past the $80,000 mark, driven by a combination of institutional demand, shrinking supply, and a decline in oil-driven inflation hedges. Geopolitical de-escalation also contributed to a risk-on sentiment, boosting the cryptocurrency's performance despite some volatility in major altcoins.
Yotta Data Services is planning a Mumbai IPO to raise up to $900 million, with a potential $300 million pre-IPO round. Backed by rising AI-driven demand for data centres, the company is targeting a $6 billion valuation amid strong investor interest in India’s expanding digital infrastructure and data centre market.
Mumbai's property market recorded its best April in over a decade, surprising observers with record housing registrations. This resilience defies a national slowdown, fueled by pent-up demand and a shift towards mid-income housing. While ultra-luxury remains strong, the overall market shows signs of a potential turning point. Experts suggest this momentum may not last indefinitely as broader economic pressures loom.
