Market Bizzz

Oil prices surged approximately 2% as U.S. strikes on an Iranian military site escalated geopolitical tensions, despite ongoing talks. This rebound followed a significant drop due to expectations of a potential U.S.-Iran agreement. Analysts warn that even with a deal, normalizing shipping through the Strait of Hormuz could take months, impacting global oil markets.

The dollar strengthened near a one-week peak. New U.S. strikes in Iran have complicated peace talks. Oil prices rebounded as hopes for a quick resolution faded. Investors anticipate the dollar to rise further. The yen weakened significantly, nearing a level that previously prompted central bank intervention. Markets await key U.S. inflation data.

Gold prices dipped as escalating U.S.-Iran tensions fueled oil price surges, sparking inflation worries and casting a shadow over the Federal Reserve’s interest rate decisions. Investors are now keenly awaiting crucial U.S. economic data for further policy direction. Meanwhile, other precious metals like silver, platinum, and palladium also experienced declines.

On May 26, five Nifty500 stocks that gained over 4% were identified using the RSI Trending Up scan by StockEdge.com. An uptrend signal is generated when the RSI value crosses above 50 from lower levels. “RSI trending up” indicates improving momentum, suggesting strengthening price action and potential bullish continuation, often tracked by traders for buying opportunities.

Japan’s Nikkei stock index reached a new record high today. Chip-related stocks drove the gains, overshadowing declines in financial and other sectors. This surge mirrors positive performance in US technology shares. Investors are focusing on high-performing chip companies. Other sectors like real estate saw notable drops. The market shows a clear preference for technology investments.

Brent crude prices remained volatile as U.S. strikes in southern Iran and mixed signals from President Trump over talks with Tehran kept traders cautious. Disruptions through the Strait of Hormuz are increasing pressure on the global oil market, with inventories declining and potential production losses mounting.

ITC has set May 27 as the record date for its final dividend of Rs 8 per equity share for FY26, making today the last chance for investors to buy shares for eligibility. This marks the largest dividend in nearly six years, with the total payout for FY26 reaching Rs 14.50 per share.

LIC has set May 29 as the record date for its maiden 1:1 bonus issue, making May 27 the last day for investors to buy shares for eligibility. This corporate action will see the insurer issue one free share for every share held, capitalizing reserves. The move aims to enhance share liquidity and affordability for its over 21 lakh shareholders.

Twelve companies are set to turn ex-dividend on Friday, with payouts totaling over Rs 250. Investors must own shares by Thursday to be eligible due to SEBI’s T+1 settlement and a market holiday. Bajaj Auto leads with a Rs 150 final dividend.

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