India’s benchmark indices jumped more than 1% on Thursday after a Bloomberg report said the government is considering cutting taxes on foreign investors’ holdings of Indian bonds. The news eased risk sentiment as the rupee rebounded from recent lows. Nifty gained 277 points to close at 23,689.6 and Sensex rose 789.74 points to 75,398.72, with Pharma, Metal and Financial Services leading. Foreign portfolio investors bought ₹187 crore of shares and domestic institutions added ₹684 crore.
Smallcap and midcap stocks outperformed benchmarks on Friday, with certain shares jumping as much as 16% even as the broader market stayed shaky. Analysts point to earnings momentum and company-specific catalysts driving the rally, while geopolitical tensions and high oil prices kept sentiment cautious. Traders are now watching volatility closely for follow-through.
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Indian markets started Monday on a strong note as the Sensex jumped about 700 points and Nifty moved above 24,200 while investors digested early state election trends. Even as market volatility rose, broader markets and leading sectors such as IT and Realty posted notable gains, signaling renewed buying despite choppy sentiment.
Vote counting kicks off today for assembly elections in West Bengal, Assam, Tamil Nadu, Kerala and Puducherry, with traders bracing for a volatile week. Early vote trends could surface within two hours, while a clearer picture may emerge by late morning. Investors are urged to look past political noise and track macro drivers like crude oil and foreign fund flows.
Finance leaders from China, Japan, South Korea and ASEAN met in Samarkand and pledged coordinated vigilance against excessive financial market volatility. They said they will act if needed to protect stability, while also reaffirming commitments to open trade, resilient supply chains and a rules based global trading system during the Asian Development Bank annual gathering.
Avis Budget shares careened after a massive spike, then plunged about 70%, reigniting concerns over meme-stock fueled volatility. The shock rippled into the Dow Jones Transportation Average, long viewed as an economic barometer. The episode also spotlighted how the index’s price-weighted design can amplify damage from extreme moves versus market-cap weighted measures.
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Bitcoin fell to around $88,000 as extreme fear spread through crypto markets and traders turned cautious ahead of a massive $28.5 billion options expiry. Volatility remains elevated, but signs of accumulation and tightening supply hint at potential upside by year-end. Key levels at $88,000 support and about $90,000 resistance may set the next move.
Thursday’s Indian market saw abrupt swings among several large counters. Tata Power and Adani Total Gas climbed sharply, while TTK Prestige and others fell, highlighting how fast sentiment can shift. Traders pointed to a mix of geopolitical tensions and seasonal demand patterns as key drivers behind the day’s biggest moves.
Bitcoin’s deeper integration with American finance initially promised stability and a new role as an inflation and market-stress hedge. But when it started falling alongside other risk assets, demand weakened and good news failed to lift prices. Trading products and market structure appear to have further amplified swings, leaving Bitcoin harder to react to positively.
Markets fell for a second consecutive day as sharp price swings hit several high-attention names including Kaynes Technology, Swiggy, SpiceJet and Coforge. Selling pressure in IT and auto-linked stocks pulled headline indices lower, amplifying volatility across the session and keeping investors focused on the week’s next catalysts.
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Bitcoin is trading near $66,510 as geopolitical tensions add pressure and a massive $14 billion options expiry heightens short-term volatility. Analysts say there’s no clear trend reversal yet, but bullish momentum could target $75,000 if the current pressure eases. Still, broader crypto market structure appears stable despite recent declines in major coins.
Indian benchmark indices slipped again for the second straight session, ending in the red amid choppy trade. High volatility shaped the day’s moves, with IT stocks emerging as the main drag on sentiment. Against this backdrop, investors tracked major gainers and losers including Adani Power and Mphasis as the market tried to find direction.
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