Market

Equity markets in Mumbai end flat amid geopolitical tensions, Bajaj twins selling; FII inflows limit decline. Source

Forex traders said the Indian currency showed resilience even as most Asian peers declined. Source

Rupee strengthens against U.S. dollar on trade-deal hopes, foreign fund inflows; Trump optimistic about bilateral trade deal with India. Source

The Nifty firms that gained the most included Adani Ports, Maruti Suzuki India, Hindalco and Eternal Ltd. Source

Sensex and Nifty surge on India-U.S. trade deal optimism, record GST collection, and foreign fund inflows. Market resilience noted Source

Amidst the current market volatility, Rahul Arora of Nirmal Bang suggests that some exposure to gold may “not be a bad idea” as the yellow metal has been among the top three asset classes in terms of returns in seven out of the last 10 years and the best performer in four of them. Source

Forex traders optimistic as rupee gains against dollar, boosted by robust GST collections and positive equities trend. Source

Ola Electric said it has not received any official notice regarding the closure of its showrooms in Maharashtra. Source

Pranav Adani accused of insider trading, seeks settlement for sharing SoftBank acquisition info, facing regulatory scrutiny. Source

Seth Freeman, Senior Managing Director, GlassRatner Advisory & Capital Group, LLC said that geopolitical risks in India’s neighbourhood may not be fully priced into the market. Source