Market News

Crude oil futures experienced a decline as fresh hopes emerged for potential US-Iran negotiations, signaling a possible easing of tensions and a boost to global energy supplies.

US stock markets, including the S&P 500 and Nasdaq, closed at record highs, fueled by a robust rally in technology stocks, particularly Intel [INTC], and optimism surrounding potential US-Iran peace talks. The focus now shifts to the Federal Reserve's upcoming meeting for interest rate clues.

Global gold prices have seen an upward trend, buoyed by optimism surrounding potential US-Iran talks and ongoing market assessment of the Federal Reserve's interest rate path following the conclusion of a key probe.

Global equity markets saw a positive start with the Nasdaq Composite leading gains driven by strength in the technology sector, while crude oil prices eased on encouraging signs of de-escalation in the Middle East.

The US Dollar experienced a downturn following news that the Department of Justice dropped an investigation concerning Powell, a move seen by markets as potentially influencing the path for Warsh in Federal Reserve leadership discussions.

Amazon-backed X-Energy, a developer of advanced small modular nuclear reactors, made a spectacular entry onto the Nasdaq, seeing its shares surge significantly and achieving a robust valuation of nearly ₹991 billion.

Avis Budget Group [CAR] shares experienced a dramatic plunge after a significant surge, causing notable ripples through the Dow Jones Transportation Average [DJT] and underscoring the unique sensitivities of price-weighted indices.

Reliance Industries Chairman Mukesh Ambani has confirmed that plans for the highly anticipated Jio Platforms IPO are progressing, signalling a significant development for the Indian stock market.

Reliance Retail Ventures Ltd. continues its strategic expansion, driving strong revenue growth through significant investments in quick commerce and a burgeoning store network, even as these initiatives moderate short-term profit growth.

Indian benchmark indices, Nifty 50 and BSE Sensex, concluded a two-week winning streak with a notable fall, primarily driven by a subdued performance in the IT sector and escalating geopolitical tensions.

India's market regulator, SEBI, has proposed significant changes to capital requirements for stockbrokers, aiming to link variable net worth with client base and credit balances to bolster market safety and operational risk management.

Intel's stock recently surged over 24% after reporting strong AI-driven demand for its Central Processing Units (CPUs), leading to better-than-expected financial results and a renewed focus on CPUs in AI workloads.

The US Justice Department has concluded its probe into Federal Reserve Chair Jerome Powell, finding no criminal wrongdoing. This development potentially clears the way for Kevin Warsh's swift confirmation as a Fed nominee, signaling potential shifts in future monetary policy outlook.

Global gold and silver prices experienced a downturn on April 23rd, with COMEX gold and silver futures declining as geopolitical uncertainties in the Strait of Hormuz fueled inflation concerns and dampened investor interest.

Reliance Industries Chairman Mukesh Ambani has confirmed that the company is making 'steady progress' towards the initial public offering (IPO) of its digital and telecom arm, Jio Platforms.

US markets experienced a mixed yet predominantly positive session, with the S&P 500 and Nasdaq advancing, fueled by geopolitical optimism and Intel's [INTC] impressive quarterly performance.

The Securities and Exchange Board of India (SEBI) has introduced a detailed framework allowing Foreign Portfolio Investors (FPIs) to net their fund obligations in the Indian cash market, a move set to enhance operational ease and attract more foreign capital.

Hopes of renewed peace talks between Iran and the US have sent positive waves across global markets, significantly boosting GIFT Nifty and setting the stage for a potential rally in India's Nifty 50 [NIFTY50] index.

US stock markets, including the S&P 500 and Nasdaq, opened Friday with significant gains, primarily fueled by renewed optimism surrounding potential US-Iran de-escalation talks and a strong performance from Intel shares.

End-of-day market summary for 2026-04-24