Easing crude prices, moderating inflation risks and a likely revival in corporate earnings could improve investor sentiment and support further gains in Indian equities, according to AlfAccurate Advisors’ Rajesh Kothari.
US stocks opened higher on Thursday as investors digested fresh inflation data while continued strength in semiconductor and AI-linked stocks lifted sentiment. Wall Street was also supported by a rally in chipmakers after strong earnings from Micron Technology.
Shares of Godrej Industries Ltd ended at ₹1,158.15, up by ₹4.90, or 0.42%, on the BSE.
Micron shares surged 18% after the memory chipmaker reported record results, issued a stronger-than-expected forecast and unveiled long-term customer agreements that underscored relentless AI-driven demand.
Apple raises global prices on Mac, iPad, HomePod, Apple TV and Vision Pro due to memory chip shortages, shares fall about 5 percent, future price hikes hinted
Domestic institutional investors (DIIs) continued to provide strong support to Indian equities on Thursday, emerging as net buyers for a fourth straight session, while foreign institutional investors (FIIs) returned to net buying after being sellers a day earlier.
The reopening of the Strait of Hormuz and easing crude prices could significantly reduce the impact of West Asia tensions on India Inc, with Crisil now estimating a 100-basis-point hit to profitability, half its earlier stress-case projection.
US stock futures climbed ahead of the release of the Fed’s preferred inflation gauge, with Nasdaq futures surging as Micron’s blockbuster earnings reignited optimism around the AI trade. Meanwhile, falling oil prices sparked debate among economists over whether cheaper crude…
SEBI resolved more than 5,500 investor complaints through its SCORES platform in May, helping reduce pending grievances even as the regulator continued to monitor a small number of cases pending for over three months.
The company added that after stepping down as CFO, Patwari will continue to support Home First in a non-KMP, non-operating, time-bound advisory capacity focused on investor relations and capital markets.