Share Markets Under Pressure: Crude, FII Outflows & AI Risks Concern Axis Direct
Axis Direct's Rajesh Palviya says share markets may stay under pressure for 2-3 quarters due to crude oil, geopolitical tensions, FII outflows, and AI disruption risks.
Get latest Business India news updates covering economy, markets, companies, and startups. Stay informed about Indian business landscape, policies, and market trends. Comprehensive coverage of India's economic developments. Your trusted source for Business India News.
Axis Direct's Rajesh Palviya says share markets may stay under pressure for 2-3 quarters due to crude oil, geopolitical tensions, FII outflows, and AI disruption risks.
Cipla reports 54.6% drop in Q4 FY26 net profit to Rs 554.64 crore, impacted by impairment charge. Revenue declines 2.8% to Rs 6,541 crore.
Maruti Suzuki crosses 3 million cumulative vehicle dispatches by rail, raising share to 26.5%, with plans to hit 35% by FY2031.
India saw 220 deals worth $22.8 billion in April, driven by outbound M&A and five billion-dollar transactions, a Grant Thornton Bharat report shows.
India's merchandise exports are forecast at $111.9 billion in Q1 FY27, with non-oil exports growing 3.5%, says India Exim Bank report.
CPI inflation rose to 3.48% in April. Crisil report says retail inflation may average 5.1% in FY27, with risks from West Asia conflict and energy costs.
Tier-2 IT companies outshine larger peers with strong FY27 guidance, driven by AI-led deals and growth pockets, despite global macro challenges.
Indian equities set for strong year due to earnings growth, RBI policies, and tax cuts. Sensex could hit 89,000 by June 2027, says Morgan Stanley.
Air India reduces international frequencies for 3 months due to rising jet fuel costs and geopolitical disruptions. CEO denies suspension rumors.
Morgan Stanley forecasts India's GDP growth at 6.7% in FY27 amid geopolitical tensions, with RBI likely to hold rates and use non-rate measures.
SBI report says West Asia tensions haven't impacted India's retail inflation yet, but fuel price pass-through, summer crops, and supply chains will shape future outlook.
Gold and silver prices jumped up to 8% on MCX after India doubled import duty to 15%. Government aims to reduce current account deficit.
Sensex and Nifty opened in green but declined amid downside risk to growth and upside to inflation. Expert advice on safe sectors.
Sensex and Nifty opened flat on Wednesday amid mixed global cues and lower oil prices. IT and Media stocks lagged, while Metal and FMCG gained.
India's FY27 CPI inflation expected at 4.8-4.9%, says Elara Capital. RBI likely to hold repo rate unless inflation hits 6% persistently, driven by crude oil and food prices.
Air India suspends international flights to US, Singapore, and more for 3 months from June amid surging jet fuel prices. CEO cites operational challenges.
Adani Ports' marine arm Astro Offshore partners with Oceaneering to expand into Europe's offshore market, adding ultra-deepwater vessel Astro Atlas.
Adani Ports' Astro Offshore partners with US firm Oceaneering to expand into ultra-deepwater and subsea operations, targeting Europe and global offshore growth.
Public Sector Banks hit all-time high net profit of Rs 1.98 lakh crore in FY26, with improved asset quality and credit growth, says Finance Ministry.
Indian stock markets tumble as Sensex drops 1,456 points, Nifty falls 436 points on crude oil surge, West Asia tensions, and rupee weakness.