Market Bizzz

Global investors began rotating back into gold ETFs in April as India recorded positive flows of USD 297 million, marking its 11th consecutive month of inflows, according to a report by the World Gold Council (WGC). Following notable outflows in March, global physically backed gold ETFs recorded inflows of USD 6.6 billion during the month. As per the report, all regions registered positive flows with European funds leading the recovery.

Sebi has announced that market price data for listed companies will be available with a 30-day lag for investor education and awareness activities. This new regulation, effective July 1, 2026, aims to prevent data misuse and ensure educational content remains current. The National Institute of Securities Markets has received a special exemption.

Mumbai Citi has downgraded India to underweight, citing persistent macroeconomic and geopolitical challenges alongside weaker earnings projections. The brokerage anticipates an 11.7% upside for the Nifty, reaching 27,000. While acknowledging lighter market positioning, Citi’s earnings forecasts for FY27-28 are still factoring in the Iran War’s impact. Banks, telecom, defence, and pharma are favored sectors.

State Bank of India shares experienced their largest single-day drop in two years, falling nearly 7% after disappointing fourth-quarter earnings. The decline was attributed to reduced net interest margins and lower treasury income. Analysts suggest potential further dips, with support expected around the ₹970-990 zone.

Oil prices surged over 1% as renewed U.S.-Iran clashes raised concerns about the Strait of Hormuz’s stability, disrupting hopes for its reopening. Iran accused the U.S. of breaching a ceasefire, while Washington cited retaliation for Iranian forces firing on its vessels. Despite recent losses, the conflict’s escalation could significantly impact global oil flows.

Nearly 104.7 crore Lenskart shares, valued over Rs 51,000 crore, become tradable today as a six-month lock-in expires. The eyewear retailer’s stock has seen significant recovery since its muted listing, despite recent social media backlash and subsequent policy changes regarding religious symbols.

OnEMI Technology Solutions, the company behind Kissht, is poised for its stock market debut. Grey market trends suggest a strong listing, with shares expected to trade above the issue price. The IPO saw significant demand, particularly from institutional investors. Proceeds will bolster the company’s NBFC subsidiary for future loan growth. Investors anticipate a successful debut for this fintech player.

The dollar weakened as hopes for an Iran-U.S. de-escalation boosted oil-exposed currencies, while Japan’s verbal intervention kept speculators cautious about the yen. Despite a potential peace proposal, concerns remain about unresolved nuclear demands and the Strait of Hormuz, impacting oil prices and Treasury yields. The euro saw gains as the dollar index retreated.

Oil prices rebounded on Thursday, recovering from a significant prior fall as investors assessed mixed signals regarding Iran-U.S. relations. While reports suggested a potential agreement to end the conflict, President Trump issued a stark warning of intensified bombing if Iran rejects a peace deal, highlighting the precarious state of negotiations.

We have collated a list of recommendations from top brokerage firms from ETNow and other sources.