Market

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

Sensex rises 260 points on India-US trade deal optimism, record GST collection, and foreign fund inflows amid global market trend. Source

DIIs shareholding at 17.62% in NSE listed companies surpasses that of FPIs at 17.22% Source

Rupee hits 7-month high at 84.53 per dollar on strong domestic data, FII inflows, but caution remains. Source

The resultant sell-off has led to a wipe out of ₹10 lakh crore in the combined market capitalisation of all BSE-listed companies, within the first two hours of trade. Source