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Gold prices held steady Friday, but a weekly dip was likely as soaring oil prices fueled inflation concerns, impacting interest rate expectations. Meanwhile, geopolitical tensions in the Strait of Hormuz and a significant drop in India's gold imports due to tax issues also played a role in the market's movements.
Japan's currency, the yen, saw a slight dip against the dollar on Friday. However, it is set for its strongest weekly rise in over two months. This comes after Japanese officials stepped in to support the yen. Investors are watching closely for more action. Oil prices remain high due to threats against US positions.
Effective May 1, the price of a 19-kg commercial LPG cylinder has increased by ₹993, while the 14.2-kg domestic cylinder price remains stable, shielding households from fuel price volatility.
Asian markets rebounded as tech stocks rallied on strong earnings, while Japan intervened to support the yen after its slide. Oil prices eased from four-year peaks amid geopolitical tensions, though Iran's threats kept crude firm. Central banks signaled potential rate hikes, influencing currency movements.
Google's doodle for International Labour Day highlights the importance of all workers, celebrating their contributions to society. Each letter symbolizes different professions, emphasizing diversity and collective effort.
NSE Holidays 2026: Domestic stock exchanges NSE and BSE will be shut for trading on Friday due to Maharashtra Day holiday. There will be no trading on NCDEX, while MCX will resume trading in the evening session.
Bank holiday today: Banks are closed in several cities in the country on 1 May for Labour Day, Maharashtra Day and Buddha Purnima. Check the RBI city-wise holiday list before visiting branches.
Happy Buddha Purnima 2026: This auspicious is celebrated on the full moon day in the month of Vaisakha every year. Also known as Buddha Jayanti, it marks Gautama Buddha's birth, enlightenment (Nirvana) under the Bodhi tree, and passing (Parinirvana). Check out a list of wishes, greetings and quotes.
US equity futures signaled further gains as strong megacap tech earnings propelled Wall Street to record highs. The yen weakened slightly after Japan's intervention to support the currency. Despite Middle East tensions and oil price surges, US stocks saw their best April since 2020, driven by AI and tech resurgence.
Bajaj Auto's board will meet on May 6 to consider a share buyback. This move signals another capital return to shareholders. The company has a strong cash position. The details of the buyback will be announced after the meeting. The trading window for company securities remains closed until May 8.
Elevated energy import costs have pushed the Indian rupee to a record low, prompting urgent questions about Reserve Bank of India rate hikes. Despite a preference for a pause, the central bank may be forced to tighten monetary policy to defend the currency and combat accelerating capital exodus amid an energy crisis.
Indian stocks and the rupee experienced a significant downturn on Thursday. Surging oil prices and rumors of potential military action against Iran impacted investor sentiment. Despite this, Indian markets saw their best April performance in 28 months. The Reserve Bank of India intervened to support the rupee. Markets will be closed on Friday for Maharashtra Day.
In a gazette notification published on Thursday, 30 April, the government has added a specific proviso for citizenship applicants involving children, which says that ‘the minor child cannot at any time hold the passport of any other country while also holding the Indian passport.’
The Reserve Bank of India's net short forward position surged to a record $104 billion in March, a significant increase from February's $77 billion. This reflects the RBI's continuous intervention to protect the rupee against volatility, impacting India's import cover to under nine months.
Mumbai's 10-year benchmark government bond yield surpassed 7% to close at 7.01% on Thursday, driven by rising crude oil prices and hawkish Federal Reserve comments. Money market rates also climbed amid shrinking banking liquidity, indicating tighter global financial conditions.
The Securities and Exchange Board of India has launched a new fast-track system for alternative investment funds. This allows schemes to launch quicker after filing documents. Merchant bankers and AIF managers now hold greater responsibility. The regulator will not review draft disclosures beforehand. This change aims for efficient capital deployment by AIFs.
India's small-cap stocks experienced their strongest monthly rally in at least a decade during April, recovering significantly after a sharp March sell-off. Local investors actively bought beaten-down stocks, with the Nifty Smallcap 250 index jumping 17.1%. This surge followed a period where many small-cap stocks had declined, attracting interest in quality businesses with strong growth prospects.
Retail investors are seeing contrasting interest rate movements from two major finance companies. Bajaj Finance has boosted deposit rates by up to 45 basis points to accelerate fundraising, while Shriram Finance plans to reduce rates by 15-35 bps following a rating upgrade.
With the GLP-1 drug market expanding after the patent expiry of semaglutide in India, doctors expect demand to grow exponentially, and caution that unchecked use of the drugs could lead to higher numbers.
