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Stock Market News: Domestic equity benchmark indices, the Sensex and the Nifty 50, began Friday's session with modest gains amid mixed global cues. Following Accenture's optimistic revenue projection, information technology (IT) stocks rose. Nifty IT increased by 2% as a US-based industry bellwether predicted higher-than-expected full-year sales growth.

lithium-ion batteries that power everything from electric cars to smartphones. While China is the world’s top producer and exporter of the crystalline carbon, there’s been a push to grow a US supply chain. Oakland-based startup Molten Industries is working to build it by relying on something that’s cheap and abundant in the US: natural gas. The company has developed a specialized technique to break methane into graphite and hydrogen, the latter of which can be used as a source of clean energy. The effort is funded in part by a $25 million Series A financing round led by Bill Gates’s Breakthrough Energy Ventures (BEV). “This is at the intersection of two really important climate tech theme areas for us at Breakthrough: making batteries scaleable and more cost-effective to drive EV sales to grow, and on the other side, low-cost clean hydrogen,” said BEV Managing Director David Danielson.

Rajat Sharma, Founder & CEO, Sana Securities, says initiating a lot of buying right now in technology and pharma sectors. Technology as a sector has done nothing. There is some kind of perception that Indian companies have not caught up with the whole artificial intelligence, with the whole AI theme and the stocks. If we look at how stocks in the US have moved, how Nasdaq has moved, the Indian IT sector has completely lagged behind and pharma is the other one. Considering you have been bullish on the private sector banks, you must be smiling right now. Rajat Sharma: No, actually, I have really not been bullish on private sector banking. The only bank from the private sector space that I have in my portfolio is Federal Bank and that is because I am positive on smaller private sector banks like IDFC First and Federal Bank. What I had said was, the larger private sector banks like HDFC Bank, IndusInd Bank, Axis Bank have really not delivered any return in the last three years or so.

Ukraine that it can use American-supplied weapons to hit Russian forces «anywhere». They can hit any Russian forces attacking from across the border, and not just the region near Kharkiv, Politico reported, citing US officials. This subtle shift, which according to the officials is not a change in policy, comes weeks after the US quietly signaled the green light to Kyiv to strike inside Russia in retaliation to a cross-border assault on the city of Kharkiv. During that time, the US officials stressed that the policy was limited to the Kharkiv region, among other restrictions.

Crude oil futures slid in early trade on Friday on the prospect of higher-for-longer interest rates in Asia and the United States, while falling U.S. oil inventories kept prices from moving lower. Brent futures for August delivery dipped 11 cents to $85.60 a barrel by 0013 GMT, while U.S. crude was down 9 cents to $81.20 per barrel.

United States and China resumed semi-official nuclear arms talks in March for the first time in five years, with Beijing's representatives telling U.S. counterparts that they would not resort to atomic threats over Taiwan, according to two American delegates who attended. The Chinese representatives offered reassurances after their U.S. interlocutors raised concerns that China might use, or threaten to use, nuclear weapons if it faced defeat in a conflict over Taiwan. Beijing views the democratically governed island as its territory, a claim rejected by the government in Taipei. «They told the U.S. side that they were absolutely convinced that they are able to prevail in a conventional fight over Taiwan without using nuclear weapons,» said scholar David Santoro, the U.S. organiser of the Track Two talks, the details of which are being reported by Reuters for the first time.

dollar rose to a seven-week high against the yen on Thursday, while the sterling and euro fell amid on the U.S. economy is coming off the boil while traders watch for more data bolstering the case for a Federal Reserve rate cut this year. May retail sales released this week were tepid and the labor market appears to be weakening. The number of Americans filing new claims for unemployment benefits fell last week, but was still more than expected, data released on Thursday showed, indicating the jobs market remained strong despite a gradual cooling.

Pat Cummins took a hat-trick against Bangladesh in their Super Eight match at the T20 World Cup in Antigua on Thursday. The test and one-day skipper bowled Mahmudullah for two, had Mahedi Hasan caught for a duck by Adam Zampa at deep third man and then dismissed Towhid Hridoy for 40 when the batter scooped to Josh Hazlewood at the Sir Vivian Richards Stadium. It was Cummins's first hat-trick in international cricket and also the first of the tournament, which is being co-hosted by the West Indies and United States.

Japanese authorities are ready to take action against speculative and excessively volatile moves in the currency market that hurt the economy, the country's top currency diplomat Masato Kanda said on Friday. «It's not intended to change the market's trend,» instead it was aimed at smoothing excessive volatility in the currency market, Kanda told reporters when asked about exchange-rate intervention.

rupee weakened to a record low versus the US dollar Thursday as broad gains in the American currency globally and corporate outflows hurt the local unit, traders said. The Indian currency shed 0.2% against the dollar to settle at 83.6525/$1, a new closing low, LSEG data showed. During trade, the rupee weakened to a lifetime intraday low of 83.6650/$1.

The so-called ‘triple-witching’ will see some $5.5 trillion worth of options tied to indexes, stocks, and exchange-traded funds fall off the board, according to an estimate from options platform SpotGamma. As the contracts disappear, investors will adjust their positions, adding a burst of volume capable of swinging individual holdings.

«An expectation of a growth-focused budget is aiding sentiments and is likely to lead to sector-specific action,» said Siddhartha Khemka, Head — Retail Research, Motilal Oswal.

Biden administration on Thursday announced plans to bar the sale of antivirus software made by Russia's Kaspersky Lab in the United States, with Commerce Secretary Gina Raimondo saying that Russia's influence over the company poses a significant security risk. The software's privileged access to a computer's systems could allow it to steal sensitive information from American computers or install malware and withhold critical updates, enhancing the threat, a source said, noting that Kaspersky's customers include critical infrastructure providers and state and local governments.

Donald Trump has said in an interview that he wants to give automatic green cards to foreign students who graduate from US colleges, a sharp departure from the anti-immigrant rhetoric he typically uses on the campaign trail. Trump was asked about plans for companies to be able to import the «best and brightest» in a podcast taped Wednesday with venture capitalists and tech investors called the «All-In». «What I want to do and what I will do is you graduate from a college, I think you should get automatically as part of your diploma a green card to be able to stay in this country. And that includes junior colleges too, anybody graduates from a college. You go there for two years or four years,» he said, vowing to address this concern on day one. Immigration has been Trump's signature issue during his 2024 bid to return to the White House. His suggestion that he would offer green cards — documents that confer a pathway to US citizenship — to potentially hundreds of thousands of foreign graduates would represent a sweeping expansion of America's immigration system that sharply diverges from his most common messages on foreigners.

Stifel, Nicolaus & Co. But like prior “bubble” episodes, this one eventually has to pop too, the firm’s chief equity strategist says. Stifel’s Barry Bannister says the US stock benchmark has a shot at reaching the 6,000 mark before the end of 2024 as investors keep piling in, up from just below 5,500 Thursday. But by mid-2026, he expects the gauge to sink back to where it began this year — around the 4,800 level — erasing a fifth of its value.

United States has said it supports direct discussions between India and Pakistan but the pace, scope and character of talks should be determined by the two neighbouring countries. Responding to a question at his daily news conference on Thursday, State Department Spokesperson Matthew Miller said the US values its important relationships with both India and Pakistan. «As we have said, we support direct discussions between India and Pakistan, but the pace, scope and character should be determined by those two countries, not by us,» he said. Responding to another question, Miller said the US and Pakistan have a shared interest in combating threats to regional security.

Sensex gained 141.34 points, or 0.18%, to close at 77,478.93, while the Nifty 50 settled 51.00 points, or 0.22%, higher at 23,567.00.“The market is consolidating with a positive bias amid strong FII flows and healthy macros. Also, an expectation of a growth-focused budget is aiding sentiments and is likely to lead to sector-specific action.

₹1,757.50 hit on 3 July last year, following the merger of mortgage lender HDFC with the bank. The anticipation among domestic investors is of the so-called foreign room of the stock widening to 25% from March quarter’s 24.94%.Foreign room refers to the proportion of shares still available to foreign investors relative to the foreign ownership limit, which is 74%.

U.S. stock indexes edged back from their records, weighed down by a rare dip for Wall Street darling Nvidia, following a mixed set of reports on the economy

TikTok on Thursday disclosed a letter the company sent to the government in April accusing the federal agency that once held the platform’s future in its hands of “political demagoguery.”