Metal stocks surged on Tuesday as global base metal prices rallied sharply amid supply disruptions and strong demand. The momentum also lifted gold loan companies after the government raised customs duty on gold and silver, a move intended to curb imports while supporting domestic prices. Investors reacted positively across both metals and the lending space tied to bullion demand.
Trading volumes in India’s unlisted shares have dropped sharply, reportedly plunging by up to 70% as investor interest cools. The decline is attributed to weaker pricing and fewer new share offerings entering the market. While some well-known companies still attract trades, demand has softened in areas such as defence and hospitality, with expectations that a stronger stock market could revive activity.
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Australian shares dropped 1.5% on Friday, wiping out earlier gains as renewed US Iran tensions dented global risk appetite. Miners and banks led the fall, while Tabcorp slid further amid money laundering investigations. The market setback also arrived despite a busy week for the Reserve Bank of Australia’s interest rate moves.
Nvidia’s stock slide is puzzling investors after the AI chip giant announced a major equity investment in Corning. CEO Jensen Huang later said Nvidia made a multi-billion-dollar prepayment that wasn’t disclosed when the Corning investment was first announced. The gap between announcement details and later clarification has fueled uncertainty about costs and timing.
US markets opened lower on Monday as investor anxiety tied to Iran war tensions overshadowed the upbeat momentum from last week’s earnings. The Dow, S&P 500, and Nasdaq Composite all edged down in early trading, reflecting a risk-off mood even as company results had previously supported sentiment.
After a strong start to the year, IPO activity on D-Street has slowed sharply as dozens of firms postpone debuts. Volatile investor sentiment and geopolitical risks have pressured valuations, while a key sticking point remains valuation mismatch between issuers and investors. Markets may improve in June, but only if global stability returns and pricing gaps close.
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Mutual fund SIP inflows climbed 8% to an all-time high of Rs 32,087 crore in March. Equity fund inflows surged 56%, led by flexi cap schemes. But the mood flipped for safer bets: debt mutual funds saw a sharp outflow of Rs 2.94 lakh crore, with liquid funds registering the biggest redemptions—signaling a clear shift in investor sentiment.
The primary market is bracing for a muted week, with just one IPO, Leapfrog Engineering Services, opening for subscription. Meanwhile, three firms—Mehul Telecom, Citius Transnet InvIT, and Property Share Investment Trust—are slated to list after earlier rounds. Investor caution shows up in zero grey market premiums, pointing to expectations of flat debuts.
Global equity markets appear to be shifting from panic to opportunity as investor sentiment suggests the sharpest selloff could be over. With geopolitical tensions continuing, traders are increasingly rotating toward long-term themes—especially technology. Even with oil expected to stay elevated, many investors don’t view energy costs as damaging enough to derail global economic growth.
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