Market Snapshot USD/INR ₹93.80 +0.3% Nifty 50 Index 24,378.10 -0.8% India 10-Year Bond Yield 6.91% +0.03 Spot Gold ($/oz) $4,708.97 -0.7% S&P 500 Futures 7,136.00 -0.5% Market data as of 08:13 AM IST, Apr. 23, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Pratigya Vajpayee in Mumbai, bringing you key updates ahead of the market open. The mo...
Market Snapshot USD/INR ₹93.80 +0.3% Nifty 50 Index 24,378.10 -0.8% India 10-Year Bond Yield 6.91% +0.03 Spot Gold ($/oz) $4,708.97 -0.7% S&P 500 Futures 7,136.00 -0.5% Market data as of 08:13 AM IST, Apr. 23, 2026, or the previous close for Indian markets. Data is subject to provider delays. Good morning... I’m Pratigya Vajpayee in Mumbai, bringing you key updates ahead of the market open. The mood among Indian investors has turned cautious again, with oil prices on an upswing as the US and Iran remain locked in a battle for control of the Strait of Hormuz. More industries are warning that things will not return to normal quickly even if the war were to end soon. India’s energy supplies too will be tested if Hormuz does not reopen for passage shortly. Amid these concerns, the Nifty 50 snapped a three-session winning streak on Wednesday and the rupee posted its biggest decline in a week. For equities, the IT sector will be in focus today as Infosys announces its March-quarter earnings, with sentiment already dented by HCL Technologies’ tepid commentary. In today’s newsletter, we look at : The dour mood in the IT sector ICICI Securities’ view on hospital stocks Nuvama’s cautious outlook for small, mid caps But first, let’s dig deeper into the rupee’s struggles. Markets Buzz: Rupee Just Can’t Break Free The US-Iran ceasefire and the RBI’s currency curbs have helped the rupee rebound from record-low levels hit in late March. But the currency still trails several Asian peers in April. As India’s sensitivity to high oil prices keeps the rupee under pressure , its weakness risks eroding currency-adjusted returns on local assets, potentially triggering more foreign outflows, according to IDBI Capital. The currency may underperform even as inflows resume, as the RBI is expected to buy dollars to rebuild its forex reserves. Although RBI Governor Sanjay Malhotra has said that an annual 3% to 3.5% depreciation is acceptable, global investors prefer markets where currency gains...
Shares of memory chips maker Micron (NASDAQ:MU) jumped 6.2% in the afternoon session after its stock reached an all-time high, driven by surging demand for its specialized memory chips used in artificial intelligence.
Shares of memory chips maker Micron (NASDAQ:MU) jumped 6.2% in the afternoon session after its stock reached an all-time high, driven by surging demand for its specialized memory chips used in artificial intelligence.