Market Snapshot USD/INR ₹93.38 +0.7% Nifty 50 Index 23,842.65 -0.9% India 10-Year Bond Yield 6.94% +0.00 Spot Gold ($/oz) $4,827.83 -0.3% S&P 500 Futures 7,005.00 +0.0% Market data as of 08:17 AM IST, Apr. 15, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Savio Shetty in Mumbai with your mid-week dose of news as traders return to their desk...
Market Snapshot USD/INR ₹93.38 +0.7% Nifty 50 Index 23,842.65 -0.9% India 10-Year Bond Yield 6.94% +0.00 Spot Gold ($/oz) $4,827.83 -0.3% S&P 500 Futures 7,005.00 +0.0% Market data as of 08:17 AM IST, Apr. 15, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Savio Shetty in Mumbai with your mid-week dose of news as traders return to their desks after Tuesday’s holiday. Several stock market gauges around the world — from the US to Taiwan — have now erased all their losses since the start of the Iran war, as financial markets price in a possible path to peace. In currencies, the Australian dollar and euro also erased their declines against the greenback, while the yuan has strengthened. But the recovery isn’t uniform across the region, and oil-dependent lower-income markets have trailed behind, with India joining the Philippines and Indonesia among the laggards. Domestically, a forecast of a weak monsoon and a pickup in retail inflation could also cap the upside, especially with crude still hovering near the $100 mark. Add persistent foreign fund outflows and a fragile rupee to the mix, and caution is likely to linger. Meanwhile, earnings will be in focus, with stocks like ICICI Prudential Life and ICICI Prudential AMC reacting to their latest results. In today’s newsletter, we explain why: The rural economy may face a demand squeeze Pessimism around developers may be overdone Nuvama is turning cautious on capital goods But first, why the RBI may not be done draining liquidity. Markets Buzz: A Problem of Plenty Away from the monsoon talk, banks are awash with something at least, and in this case that’s cold, hard cash. Surplus liquidity topped 5 trillion rupees over the weekend, driven by government spending and debt repayments, even after the RBI drained some funds on Friday. This kept overnight borrowing costs below the policy rate on Monday, suggesting the central bank may need to mop up excess cash. If it does...
More banks are being invited to join SoftBank Group Corp. ’s $40 billion loan backing its investment in US tech giant OpenAI , in one of the biggest tests yet of creditor sentiment toward the Japanese conglomerate’s debt-fueled push further into artificial intelligence. The deal has recently entered a so-called “soft launch” phase, with additional lenders being invited to join as sub-underwriters,...
More banks are being invited to join SoftBank Group Corp. ’s $40 billion loan backing its investment in US tech giant OpenAI , in one of the biggest tests yet of creditor sentiment toward the Japanese conglomerate’s debt-fueled push further into artificial intelligence. The deal has recently entered a so-called “soft launch” phase, with additional lenders being invited to join as sub-underwriters, according to people familiar with the matter. Those interested are required to commit around $5 billion each, the people said, who asked not to be identified discussing private matters. JPMorgan Chase & Co. , Goldman Sachs Group Inc. , Mizuho Bank Ltd. , Sumitomo Mitsui Banking Corp. and Mitsubishi UFJ Financial Group Inc. have underwritten the bridge facility that is set to mature on March 25, 2027, SoftBank announced last month. The mega loan highlights how much debt founder Masayoshi Son is willing for the company to take on as it seeks to secure the firm’s pivotal role in the global AI race. The group’s latest bet on OpenAI comes on top of more than $30 billion the company has already injected into the startup, which is one of its biggest holdings alongside a roughly 90% stake in chip designer Arm Holdings Plc. SoftBank’s heavy investment push into AI, coupled with a rising debt load to fund those bets, has unsettled market watchers. In March, S&P Global Ratings lowered the group’s credit outlook to negative from stable, citing the danger that its investments in OpenAI may hurt the Japanese company’s liquidity and credit quality of its assets. SoftBank Mobile Unit Sees Solid Demand for Debut Euro Bond SoftBank Group Prices ¥418 Billion of Retail Bonds OpenAI Valued at $852 Billion After Mega $122 Billion Round A media representative for SoftBank declined to comment. Separately, SoftBank is also tapping the bond market for additional source of funding. It is in talks with investors ahead of a possible six-part dollar and euro bond sale , said another person familiar wit...
The International Monetary Fund is forecasting a range of possible global economic scenarios due to the ongoing conflict in the Middle East. IMF’s chief economist, Pierre-Olivier Gourinchas, says: ‘Our adverse scenario assumes further disruption, leading to higher energy prices and inflation expectations, and tighter financial conditions throughout the year … Our severe scenario assumes that energ...
The International Monetary Fund is forecasting a range of possible global economic scenarios due to the ongoing conflict in the Middle East. IMF’s chief economist, Pierre-Olivier Gourinchas, says: ‘Our adverse scenario assumes further disruption, leading to higher energy prices and inflation expectations, and tighter financial conditions throughout the year … Our severe scenario assumes that energy supply disruptions extend into next year with greater macro instability’ IMF warns ‘unprecedented’ energy crisis could trigger global recession as Australia prepares for Washington talks Continue reading...
Copper advanced to erase losses sustained since the war in the Middle East began more than six weeks ago, buoyed by renewed plans for peace talks and demand from electrification projects. The industrial metal rose as much as 0.8% in London on Wednesday, climbing beyond a closing price of $13,343.50 a ton on Feb. 27, the day before the US and Israel launched the first strikes in the war with Iran. ...
Copper advanced to erase losses sustained since the war in the Middle East began more than six weeks ago, buoyed by renewed plans for peace talks and demand from electrification projects. The industrial metal rose as much as 0.8% in London on Wednesday, climbing beyond a closing price of $13,343.50 a ton on Feb. 27, the day before the US and Israel launched the first strikes in the war with Iran. Most base metals have whipsawed since the conflict erupted, with prices initially falling due to concerns over slowing economic growth. Risk appetite returned after a temporary ceasefire was agreed last week, and has been reinforced by reports Washington and Tehran are looking to arrange a second round of talks in the coming days. While a sharp shock to global energy supplies is set to weigh on copper demand in the near term, this could ultimately accelerate the metal’s long-term growth as economies pivot toward electrification, Trafigura Group analyst Henry Van said at an industry conference in Santiago on Tuesday. “All of the big trends that have been pushing copper higher are now going to be supercharged,” he said. “There is a bigger incentive than ever before to do more electrification and insulate energy consumption from geopolitical shocks.” Copper rose 0.3% to $13,319 a ton on the London Metal Exchange at 10:32 a.m. in Shanghai. Aluminum – which has been the exception among base metals, given supply concerns due to attacks on smelters in the Persian Gulf region – climbed 0.6% to $3,583.50 a ton.