24/05/26, 10 Quotes

 Swami Vivekananda was a 19th-century Indian Hindu monk, philosopher, and spiritual leader who people rever even today. He became one of the most influential voices in modern Indian history. He was born as Narendranath Datta in Calcutta in 1863. Very early on, he was interested in Western rationalism and Indian spirituality.

The life-changing moment was when he became the foremost disciple of the mystic saint Ramakrishna Paramahamsa. The latter taught him that all religions lead to the same truth and that serving humanity is the highest form of worship

Vivekananda became famous in September 1893 when he addressed the Parliament of the World's Religions in Chicago. In that speech, he introduced Vedanta and Yoga to the Western world and positioned Hinduism as a universal, inclusive philosophy at a time when Indian civilization was routinely dismissed under colonial rule.

Even today his words resonate with so many people cuttinga cross religions and age groups. To feel inspired and motivated, read some of the words of wisdom that he had to impart.

10 Swami Vivekananda quotes to feel inspired

• “Take up one idea. Make that one idea your life; dream of it; think of it; live on that idea. Let the brain, the body, muscles, nerves, every part of your body be full of that idea, and just leave every other idea alone. This is the way to success, and this is the way great spiritual giants are produced.”
• “All power is within you; you can do anything and everything. Believe in that, do not believe that you are weak; do not believe that you are half-crazy lunatics, as most of us do nowadays. You can do any thing and everything, without even the guidance of any one. Stand up and express the divinity within you.”
• “The great secret of true success of true happiness, is this: the man or woman who asks for no return, the perfectly unselfish person, is the most successful.”
• “The greatest sin is to think yourself weak”

• “You cannot believe in God until you believe in yourself.”
• “Feel nothing, know nothing, do nothing, have nothing, give up all to God, and say utterly, 'Thy will be done.' We only dream this bondage. Wake up and let it go.”
• “All differences in this world are of degree, and not of kind, because oneness is the secret of everything.”
• “Ask nothing; want nothing in return. Give what you have to give; it will come back to you, but do not think of that now.”
• "You have to grow from the inside out.  None can teach you, none can make you spiritual. There is no other teacher but your own soul.”
• “In a day, when you don't come across any problems - you can be sure that you are travelling in a wrong path”

Article by Shreya Garg 

24/05/26, Rupee Depreciation

The critical stress area for the Indian economy in the previous financial year and into FY27 has been the value of the rupee. First it was the tariff hit on India that led to fears of a export slump and the rupee depreciated. There were hopes that the Indian currency would improve after the tariffs go. The Supreme Court of the US struck down the tariffs and yet there was not much improvement in the INR.

So what was happening? The stress for the economy is in fact not the current account but the capital account. Capital flows have significantly weakened and this is not a post war phenomenon. Even before the war, balance of payment (BoP) data reveals that the capital account was witnessing outflows, especially in Q3FY26, when the net outflows were at US$ 10 billion. The outflows on account of the FPI flows have worsened in Q4FY26, and this has continued even in Q1FY27. The fear is that the net outflows from the capital account can continue. The reason is partly global and partly local.

First, the globe is suffering from a fiscal crisis with sovereign debt levels elevated in USA and Europe. This was due to the government expenses in the Covid period when the focus for the Western world was to push cash in the hands of the people, to fight the crisis. For the USA, recent Pentagon briefings indicate that operational expenses are running at an estimated US$ 25 billion, with early estimates suggesting the initial weeks burned roughly US$ 890 million per day. This is a fiscal cost and further the Trump administration is forced to return the tariffs collected before the Supreme Court struck down the Trump tariffs as illegal.

This high fiscal burden anyways meant higher US Treasury yields. Now comes the war and the elevated oil prices is hurting US inflation on the energy costs and raising inflation risks in the economy. Markets are now pricing in for a Fed rate increase around October/December 2026, something that was not on the table before the war broke out and oil prices ramped up. Indeed, with US Treasury yielding high levels, would necessarily mean slowing down of flows to the EM economies, including India. Further, global flows have diverted to economies that have been at the forefront of AI investments.

Measures from the government have focused on driving austerity measures, thereby saving foreign exchange resources. On the RBI's front, the aim was to weed out speculative demand from the currency market, while capping the Net Open Positions of the banking sector to US$ 100 million. Recent measures have also targeted to reduce the imports of gold.

Gold imports in FY26 stood at US$ 72 billion and imports in April were reported at US$ 5.6 billion, still a strong 83.8 percent MoM growth and a share of 7.8 percent in total imports. In FY26 average gold imports stood at 8.9 percent of total imports, higher than 7.8 percent in FY25 and 6.6 percent in FY24. India remains one of the largest bullion markets and thereby weighs heavy on the import bill.

Given the continuing depreciation pressure on the currency, and with little wriggle room to increase capital flows, the government has decided to tighten the gold import volumes to gain ease the current account deficit (CAD). Thus, government has hiked import duty on gold and silver imports to 10 percent from 5 percent, and Agricultural and Infrastructure Development Cess (AIDC) to 5 percent from 1 percent earlier, taking the total effective import duty to 15 percent with effect from May 13.

Further, import quantity restriction of 100 kg has been imposed on manufacturers, including in SEZ under Advance Authorization scheme. Subsequent authorizations are only permitted if at least 50 percent of export obligations under previous licence has been utilized. These measures come on the top of dore importers awaiting licence renewals and the earlier waiver given to banks on IGST payments have not been reinstated. Our gold team thinks that with all these restrictions, the volume of gold imports can crash to around 420 tonnes in FY27, from 720 tonnes in FY26.

Some relief for CAD, but challenge on the capital flows may continue. Incorporating the volume view from our gold desk, we now anticipate gold imports to value at US$ 57 billion, compared to our earlier estimate of US$ 80 billion, a savings of around US$ 23 billion. The price hike on petrol and diesel, however, is not expected to lead to significant gains in terms of lowering crude import volumes.

Our calculations now indicate a CAD/GDP of 1.7 percent, from our earlier estimate of 2 percent, with assumption of oil at US$ 95 per barrel. The challenges on the capital account side are expected to continue, though the BoP deficit is now anticipated lower at USD 48 bn with the given assumption on oil.

Surely, the gold import restrictions would ease the pressure on INR but not completely take it away, unless the BoP gap is bridged. We do not think that the RBI would use interest rate as a tool to address currency depreciation pressures, while expensive ways out could be to garner resources through FCNR (B) route as was done in 2013.

But foreign exchange resources are still healthy at US$ 689 billion and policy makers can still wait for some time before taking any such drastic measures. Having said that, given the current thoughts on the Balance of Payments gap, we anticipate USD/INR at 97.00-97.50 by close of H1FY27.

Report by Indranil Pal of Network18 

24/05/26, Peace deal with Iran!

US President Donald Trump said that a peace deal with Iran has been “largely negotiated” and he plans to announce an agreement shortly that would reopen the strategic Strait of Hormuz.

"An Agreement has been largely negotiated, subject to finalization between the United States of America, the Islamic Republic of Iran, and the various other Countries," Trump wrote on Truth Social, referring to multiple Middle East nations. "In addition to many other elements of the Agreement, the Strait of Hormuz will be opened."

Earlier, Iran said talks on a peace deal with the US, focused on ensuring fighting ends on all fronts, were progressing and that other key points of contention would be ironed out at a later stage.

Pakistan and several Arab nations have been pushing negotiations toward a bigger deal that would extend a fragile ceasefire that has largely held for six weeks.

Trump met Saturday with advisers at the White House after speaking with leaders from a number of regional powers, including Saudi Arabia, United Arab Emirates, Qatar, Pakistan and Turkey, as well as Israeli Prime Minister Benjamin Netanyahu, about what he called a “Memorandum of Understanding pertaining to PEACE.”

Iran had indicated that a final draft of an agreement text was under review. Iranian state television cited Foreign Ministry spokesman Esmail Baghaei as saying. “Over the past week, the process has been moving toward a convergence of views.”

It remains unclear how key differences, including the fate of Iran's nuclear program and Tehran's calls for sanctions relief, will be addressed, with Baghaei saying those matters aren't currently on the table. The two sides will also need to agree on how the Strait of Hormuz, a crucial passageway for global energy supplies that has remained largely shuttered since the war began on Feb. 28, should be administered.

“There's been some progress,” and it's possible an announcement will be made in coming days, Secretary of State Marco Rubio told reporters in India on Saturday, adding that the US remains adamant that Iran can never have a nuclear weapon, must hand over its highly enriched uranium and ships must be allowed to pass freely through the strait. “The president's preference is always to solve problems such as these through a negotiated diplomatic solution.”

Iran has rejected demands to give up its uranium and halt enrichment, while insisting that it has no intention of building an atomic bomb, and wants to levy fees on ships passing through Hormuz.

Tehran is also demanding that the US release a “significant portion” of Tehran's assets that are blocked abroad as a first step, with a “transparent” process for unfreezing the rest, the semi-official Tasnim news agency reported.

The war began when the US and Israel launched air strikes on Iran. Tehran responded with missile and drone attacks on countries in the Persian Gulf and further afield. Thousands of people were killed, the bulk of them in Iran and Lebanon.

A lasting peace deal has remained elusive so far, keeping global energy markets on edge and oil prices elevated above $100 a barrel. The UAE has joined Qatar and Saudi Arabia in appealing to Trump to allow more time for negotiations, according to several people familiar with the matter.

Trump has also been facing growing domestic political pressure to end the conflict, particularly ahead of the November midterm elections that will determine the control of Congress. Opposition to renewed hostilities has heightened among Americans upset about the sharp rise in gasoline prices.

Source: Network18 

23/05/26, For years, Kiyosaki(Rich Dady Poor Dady author) has repeatedly advocated holding real assets such as gold, silver, and Bitcoin instead of relying solely on paper currencies or conventional financial assets. His latest comments once again reinforce that long-standing view.

Gold, silver prices on Friday,23/5/26:

Gold prices declined on Friday and were on track to record a second consecutive weekly loss as rising crude oil prices kept inflation worries elevated and strengthened expectations of a possible US interest rate hike.

Spot gold slipped 0.6% to $4,515.83 per ounce, after dropping as much as 1% earlier in the trading session. The yellow metal has fallen around 0.4% so far this week. US gold futures for June delivery also ended lower, settling 0.4% down at $4,523.20 per ounce. Meanwhile, spot silver declined 1.1% to $75.85 per ounce.

Crude oil prices moved higher after investors remained sceptical about the possibility of a breakthrough in ongoing US-Iran peace negotiations, keeping concerns over energy supply disruptions alive. At the same time, benchmark US 10-year Treasury yields trimmed earlier declines and continued hovering near their highest levels in more than a year, reducing the appeal of non-yielding assets such as gold.

Why gold and silver bulls are gaining attention again

The renewed interest in precious metals comes as markets navigate an increasingly uncertain macroeconomic backdrop marked by volatile oil prices, geopolitical tensions and concerns over slowing global growth.

Central banks across the world have also continued increasing gold reserves in recent years as part of diversification efforts away from the US dollar, further strengthening the bullish narrative around the metal.

Silver, meanwhile, has attracted growing investor interest because of its dual role as both a precious metal and an industrial commodity widely used in solar energy, electronics and electric vehicles.

The broader message behind Kiyosaki's statement is that market crashes and economic disruptions often create wealth-building opportunities for investors who are positioned correctly ahead of major shifts.

His reference to Jim Rickards is also significant because Rickards has long argued that excessive debt creation, currency debasement and geopolitical fragmentation remain major risks for the global monetary system.

At the same time, projections such as gold reaching $100,000 per ounce or silver climbing to $200 remain highly speculative and would likely require extraordinary economic or monetary disruptions to materialise.

Kiyosaki's latest warning reflects a broader narrative that has increasingly gained traction among several global macro investors - the belief that traditional fiat currencies and financial systems could face mounting pressure if inflation remains elevated and global debt levels continue to rise.

Source:Mint

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of us.  We advise investors to check with certified experts before making any investment decisions.

23/05/26, Indian Market under FPI's Selling Pressure

Foreign investors have continued to pull money out of Indian equities because of high crude oil prices, inflationary pressures, weak earnings prospects, rupee depreciation, and limited participation in AI trade, according to experts.

FPIs (foreign portfolio investors) have sold Indian equities worth over ₹2,20,000 crore so far in 2026, after offloading ₹1,66,286 crore in equities last year, according to data available on NSDL.

Meanwhile, domestic institutional investors (DIIs) have consistently bought Indian equities during this period, helping offset the impact of heavy foreign outflows. Persistent FPI selling continues to weigh on the Indian stock market's performance. So how should retail investors navigate such a trend? Here's what investment experts have to say.

So where is the global capital going and why?

According to Priyank Sharma, a Sebi-registered research analyst, a large part of the global capital is currently moving towards artificial intelligence and semiconductor-driven markets such as Taiwan and South Korea. In these countries, companies such as TSMC, Samsung, and SK Hynix are attracting strong flows due to the AI boom.

However, Sharma also noted that these current FPI outflows should not be viewed as a direct rejection of India's growth story. "India is facing pressure from relatively higher valuations and global risk-off sentiment, but domestic fundamentals like consumption recovery, government capex, and banking stability remain intact. So overall, I see this as a temporary allocation shift by global investors," he told Mint.

Sharma also noted that valuation is a key concern in the Indian market right now, which is prompting global investors to shift money towards cheaper markets. When compared with emerging markets like China, South Korea, and Taiwan, Indian equities are still trading at a premium valuation, he said.

Are retail investors underestimating risks while continuing to buy amid FPI selling?

The rise in SIP participation reflects improving financial discipline among Indian investors, said Harendra Zatakia, a Sebi registered investment advisor and the Founder of Wealth Aligned Financial Advisory. However, investors should avoid assuming markets will move only in one direction, he warned.

"Many retail investors have largely experienced a strong bull market environment and may not yet have seen prolonged periods of volatility. The focus should remain on disciplined investing through proper asset allocation, diversification, risk appetite and suitability rather than reacting to short term market narratives or geopolitical noise," he noted.

Zatakia also highlighted that market themes keep changing rapidly, like a few months ago markets were focused on defence, then commodities, then gold, and now AI-related themes dominate discussions. Hence, long-term wealth creation cannot be driven by constantly changing trends, he said.

Should Indian retail investors also increase international exposure?

Both experts noted that while international exposure can play an important role in diversification and reducing concentration risk, Indian investors should not abandon Indian equities entirely.

"It also allows investors to participate in global sectors and businesses that may not be adequately represented in Indian markets. However, retail investors should avoid changing portfolios purely based on temporary FPI flows or short term global themes," Zatakia said.

He also cautioned that international investing also comes with currency risk. While rupee depreciation can benefit international investments, a stronger rupee may reduce gains when foreign investments are converted back into Indian currency. Zatakia added that some segments of developed markets like the US are currently trading at elevated valuations, just like India, and thus international allocation should not be driven by recent market performance alone.

Meanwhile Sharma noted that for long-term investors, volatility is part of the equity cycle. Hence instead of making aggressive allocation changes based on short-term uncertainty, investors who are heavily concentrated in mid- and small-cap equities should use this phase to rebalance their portfolios, as a mix of equity, debt, and gold can help manage volatility more effectively.

Which segments of Indian markets still look attractive?

Investors are advised to avoid being fixated on speculative themes. Instead, they should focus on businesses with strong balance sheets, healthy cash flows and reasonable valuations, Zatakia said.

Giving certain examples, here are a few themes both experts noted:

• Domestic consumption-linked sectors may continue to benefit from India's long term structural growth
• Financial services remain a key long-term theme backed by rising formalisation and rapid digital adoption.
• Manufacturing could gain from government push, supply-chain diversification and "Make in India" initiatives.
• Healthcare and pharma remain attractive after the correction, supported by India's export opportunity in generics and API manufacturing.
• Telecom continues to draw investors due to improving ARPU, 5G monetisation, and a stable market structure.
• Capital goods and infrastructure also look positive as government capex and infrastructure spending continue to support long-term growth visibility.
• Consumption-focused sectors could benefit from improving rural demand, tax relief measures, and recovery in spending trends.

"The key point for retail investors is that FPI flows are often short-term and theme-driven, while long-term wealth creation comes from staying invested in fundamentally strong sectors and businesses," Sharma noted.

Source: Mint

23/05/26, Gold rates in India extended their decline for the second consecutive session on Friday, May 23, 2026, amid growing global uncertainty after US President Donald Trump formally handed over leadership of the US Federal Reserve to Kevin Warsh.

 

Markets are closely watching signals around future US interest-rate policy, especially as rising crude oil prices continue to fuel inflation concerns globally.

Gold Prices Under Pressure After Kevin Warsh Becomes Fed Chair

Domestic gold rates slipped further at the end of the trading week, with 24K gold falling by Rs 43 to Rs 15,906 per gram, while 22K gold declined by Rs 40 to Rs 14,580 per gram. Over the last two trading sessions alone, 24K gold prices have dropped sharply by nearly Rs 8,700 per 100 grams, reflecting increased volatility in the bullion market.

In contrast, silver prices remained largely stable despite weakness in gold. Silver in India was priced at Rs 285 per gram and Rs 2,85,000 per kilogram on Friday, showing little movement from the previous session.

Gold Rate Today: Check Latest 22K, 24K & 18K Gold Prices on 23 May 2026

24 Karat Gold Rate Today in India

The price of 24 Karat gold in India fell by Rs 43 to Rs 15,906 per gram, compared with Rs 15,949 on May 22. The price of 8 grams of 24K gold stood at Rs 1,27,248 after a decline of Rs 344, while 10 grams slipped by Rs 430 to Rs 1,59,060. For larger quantities, 100 grams of 24 Karat gold dropped sharply by Rs 4,300 to Rs 15,90,600.

22 Karat Gold Rate Today in India

Similarly, 22 Karat gold prices also moved lower on May 23. The rate of 22K gold declined by Rs 40 to Rs 14,580 per gram from Rs 14,620 recorded a day earlier. The price of 8 grams eased by Rs 320 to Rs 1,16,640, while 10 grams of 22 Karat gold fell by Rs 400 to Rs 1,45,800. Meanwhile, 100 grams of 22K gold declined by Rs 4,000 to Rs 14,58,000.

18 Karat Gold Rate Today in India

18 Karat gold rates also registered losses during the session. The price of 18K gold dropped by Rs 33 to Rs 11,929 per gram, down from Rs 11,962 on May 22. The cost of 8 grams fell by Rs 264 to Rs 95,432, while 10 grams slipped by Rs 330 to Rs 1,19,290. The price of 100 grams of 18 Karat gold declined by Rs 3,300 to Rs 11,92,900.

Silver Rate Today: Check Latest Silver Prices Per Kg and Grams on May 23, 2026

Silver prices in India remained unchanged on May 23, 2026, even as gold rates continued to witness volatility in the domestic bullion market. The price of silver stood steady at Rs 285 per gram, unchanged from the previous trading session.

Similarly, the rate for 8 grams of silver remained flat at Rs 2,280, while 10 grams continued to be priced at Rs 2,850 without any change compared with May 22.

For larger quantities, 100 grams of silver held steady at Rs 28,500. Meanwhile, 1 kilogram of silver was priced unchanged at Rs 2,85,000, reflecting stability in silver demand and pricing despite fluctuations in global precious metal markets.

"Markets currently expect the Fed to keep rates steady this year, although rate hike expectations for the second half of 2026 have increased. Investors now remain focused on further developments in U.S.-Iran negotiations and their impact on oil prices, inflation expectations, and global monetary policy," said Manav Modi Commodities Analyst, Motilal Oswal Financial Services Ltd.

Report by Harshika Yadav of goodreturns.in

Disclaimer: The views and recommendations expressed are solely those of the individual analysts or entities and do not reflect the views of Goodreturns.in and vali Disclosures 

22/05/26, 2.87Lac crore to Centre Govt

The Reserve Bank of India on May 22 approved a record dividend of Rs 2.87 lakh crore to Centre for FY26, which would provide the Centre with a fiscal cushion to address challenges arising from the ongoing Middle East crisis.

"The Central Board approved the transfer of surplus of Rs 2,86,588.46 crore to the Central Government for the accounting year 2025-26," said RBI in a statement.

The gross income of RBI increased by 26.42% over the previous year while the expenditure before risk provisions increased by 27.6%.

"The Balance Sheet of the Bank expanded by 20.61% to Rs 91,97,121.08 crore as on March 31, 2026," added RBI.

The gross income of RBI increased by 26.42% over the previous year while the expenditure before risk provisions increased by 27.6%. "The net income, before risk provision and transfer to statutory funds, aggregated Rs 3,95,972.10 crore in FY26 as against Rs 3,13,455.77 crore in FY25," said RBI.

As per the Budget documents, the Centre expects Rs 3.16 lakh crore in dividends and surpluses from the Reserve Bank of India, nationalised banks, and financial institutions in 2026-27.

The RBI lowered its contingency risk buffer - funds kept aside to protect the central bank's finances from volatility - to 6.5% of its balance sheet from 7.5% in the previous year.

The transferable surplus for any financial year is arrived at on the basis of the revised Economic Capital Framework (ECF) as approved by the Central Board of the RBI.

"The RBI's dividend to the Government of India, at Rs 2.9 lakh crore, is in line with ICRA's expectations for the fiscal and around 7% higher than last year's level. As compared to the Budget Estimates, the fiscal is expected to remain under pressure owing to expectations of higher fertiliser and fuel subsidy requirements, and lower tax collections and OMC dividends. While the Economic Stabilisation Fund and customs duty hikes on gold and silver imports are likely to provide some cushion, we expect the GoI to exceed the budgeted fiscal deficit target for FY27 of 4.3% of GDP by 40 bps, assuming an average crude oil price of $95/barrel in the fiscal," said Aditi Nayar, chief economist, ICRA.

Last year, the RBI made a record dividend payout of Rs 2.69 lakh crore to the central government for 2024-25, 27% higher than Rs 2.11 lakh crore transferred in the previous year.

Dividend and Reserve Bank's surplus transfers fall under the non-tax revenue category.

In all, the Centre expects Rs 6.66 lakh crore as non-tax revenue next fiscal, lower than 6.67 lakh crore in 2025-26.

The revenue from taxes has been pegged at Rs 28.66 lakh crore, up 7.18% from Rs 26.74 lakh crore in 2025-26.

A Reuters poll pegged the fiscal deficit at 4.7% of gross domestic product this fiscal year, more than last year's 4.4% and above the government's 4.3% target. Some economists say the deficit could rise to as much as 5% of GDP.

A hefty dividend would help government finances at a time when they are likely to come under pressure from the Iran war-led energy shock, traders said.

"The RBI surplus transfer is marginally lower than expected, thereby limiting the levers for the government in terms of managing the fiscal slippage risks. While we do not see extra borrowing risks for now, we continue to monitor the extent of subsidy and tax growth slowdown," said Upasna Bhardwaj, Chief Economist, Kotak Mahindra Bank

BMI, a Fitch company, said it is maintaining its forecast for the federal government's fiscal deficit at 4.5% of GDP, above the government's 4.3% target, while flagging increased upside risks.

India's 10-year bond yield has risen about 40 basis points since the start of the Iran war, with a knock-on impact on corporate debt yields, which have risen to multi-year highs, prompting firms to turn to floating-rate bonds.z

India is among the worst affected nations from the Middle East crisis as it relies heavily on oil imports, and the government has restrained state-run retailers from raising prices to match the increase in global crude for fear of triggering an inflation spiral.

The central bank makes an annual transfer to the government from surplus income generated through investment earnings, valuation gains on foreign exchange holdings including the dollar, and fees from printing currency notes.

Report by J. Jagsnath for Network18 with  inputs from agencies

22/05/26, Automaker Eicher Motors beat quarterly profit estimates on Friday, as last year's tax cuts continued to boost demand for its high-margin 350 cc motorcycles. The Royal Enfield Himalayan 450 adventure bike manufacturer posted 12% rise in consolidated net profit to Rs 1,520 crore for the March quarter. Analysts had estimated a profit of Rs 1,487 crore, per data compiled by LSEG.

 The firm's revenue from operations rose 16% to Rs 6,080 crore in Q4FY26 as compared to Rs 5,241 crore in Q4FY25. Analysts had estimated a profit of Rs 5,998 crore, per data compiled by LSEG.

The company declared dividend of Rs 82 per share.

On May 22,  Eicher Motors shares  closed 1.3% higher at Rs 6,985 apiece.

The top premium motorcycle maker was the biggest beneficiary of the September GST cuts that lowered duties from 28% to 18% on the 350-cc category, which occupies a large chunk of the company's portfolio.

B. Govindarajan, Managing Director - Eicher Motors Ltd., and Chief Executive Officer - Royal Enfield said, “FY26 has been an exceptional year for Eicher Motors and Royal Enfield, marked by strong growth, record volumes, and a continued focus on our global ambitions during our 125th anniversary. We achieved over one million motorcycle sales for the second consecutive year and recorded our best-ever festive season, with record volumes in both domestic and international markets. We also marked a major milestone in April ‘26 with our entry into the electric mobility space via the launch of the Flying Flea C6.

"International business remains a key priority as we steadily deepen our presence in markets like Brazil. This year, we also took the brand into new cultural spaces - ranging from gaming collaborations to marquee community rides - that strengthen our global identity. To power our next phase of growth, we have committed to significant investments, including the brownfield capacity expansion at Cheyyar with Rs 958 crore and our strategic expansion plan at Tada in Andhra Pradesh, both aimed at building future-ready capacity to support our long-term projected growth.”

EBITDA grew 20% to Rs 1,514 crore.

Royal Enfield recorded its highest Q4 sales of 3,13,811 motorcycles, a 12% growth over Q4FY25. VE

Commercial Vehicles (VECV) recorded sales of 33,976 vehicles in the fourth quarter, up from 28,675 vehicles in the previous year.

Source: Network18 

22/05/26, MARKET PREDICTION:- The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to open higher on Friday, tracking gains in global markets, amid hopes of a US-Iran peace deal.

The trends on Gift Nifty also indicate a flat-to-positive start for the Indian benchmark index. The Gift Nifty was trading around 23,657 level, a premium of nearly 26 points from the Nifty futures' previous close.

On Thursday, the Indian stock market ended lower amid profit booking in select index heavyweights.

The Sensex dropped 135.03 points, or 0.18%, to close at 75,183.36, while the Nifty 50 settled 4.30 points, or 0.02%, lower at 23,654.70.

Here's what to expect from Sensex, Nifty 50 and Bank Nifty today:

Sensex Prediction

Sensex failed to sustain at higher levels, and continuous selling pressure was witnessed throughout the session.

"We are of the view that the short-term texture of the market is non-directional, and range-bound activity is likely to continue in the near future. On the downside, 75,000 - 74,500 remain the crucial support zones, while 75,800 - 76,000 could act as key resistance areas for the bulls," said Shrikant Chouhan, Head Equity Research, Kotak Securities.

On the positive side, he believes a breakout above 76,000 could push Sensex up to 76,300 - 76,500, while below 74,500, it could retest the levels of 74,000 - 73,800.

Nifty Options Data

In the derivatives segment, notable call writing was observed at the 23,700 and 23,800 strikes, while put writing was concentrated at the 23,600 and 23,500 levels, indicating immediate support near lower levels while resistance continues to remain firm near higher strikes.

Nifty 50 Prediction

Nifty 50 index formed a bearish candlestick pattern and witnessed rejection from the 20-DEMA on the daily timeframe, indicating selling pressure emerging near higher resistance zones and cautious undertones in the broader trend.

"A long red candle was formed on the daily chart that reflects inability of bulls to surpass the crucial overhead resistance of 23,800 levels. Nifty 50 is still placed within a high low range of 23,800 - 23,300 levels, but rising lows were observed on the daily chart," said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.

According to him, the underlying trend of Nifty 50 remains choppy, and a decisive move only above 23,850 - 23,900 levels is likely to open broad-based buying in the market for the near term.

"However, further weakness from here could find support around 23,500 levels," Shetti added.

Nilesh Jain, VP- Head of Technical and Derivative research at Centrum Finverse Ltd. noted that the Nifty 50 index has slipped below its 50-DMA, which is currently placed near 23,700 levels.

"Despite the weakness, the broader market structure continues to remain range-bound, and Nifty 50 is expected to oscillate within the 23,400 - 23,900 zone in the near term. A fresh leg of upside momentum is likely only if the index manages to surpass the immediate hurdle of the 21-DMA, placed around 23,910 levels," said Jain.

Meanwhile, the volatility index, 'INDIAVIX', eased by 3.5% to 17.80 levels, and any further cooling in volatility may provide some comfort to the bulls.

Bank Nifty Prediction

Bank Nifty index ended 122.80 points, or 0.23%, lower at 53,439.40 on Thursday, forming a bearish candlestick pattern on the daily chart with a higher high and a higher low, signaling selling pressure at higher levels.

"Going ahead, the 53,900 - 54,000 zone is likely to act as an immediate resistance. On the downside, the 53,100 - 53,000 zone is expected to provide crucial support. A decisive break below the 53,000 level could further intensify selling pressure, dragging the Bank Nifty index towards the next key support at around 52,400," said Sudeep Shah, Head - Technical and Derivatives Research at SBI Securities.

Om Mehra, Technical Research Analyst, SAMCO Securities highlighted that the Bank Nifty index remains trapped between the 50% Fibonacci retracement at 53,700 and the 61.8% retracement at 52,820. Multiple sessions have now been confined within this band. Nifty Bank remains below all the moving averages, and the RSI is placed near 40.

"Nifty PSU Bank gained 0.22% to settle at 7,988.35, while Nifty Private Bank declined 0.15% to close at 25,990.05, indicating a rotation within the banking space. For the Nifty Bank index, on the downside, the 53,000 - 52,820 zone, aligned with the 61.8% Fibonacci, remains the support while on the upside, the 54,000 - 54,500 remains the next resistance," said Mehra.

Source:Mint

Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of us.  We advise investors to check with certified experts before making any investment decisions.

22/05/26, Stocks to Buy

 Stocks to buy on 22 May: Indian benchmark indices ended marginally lower on Thursday, 21 May, after a volatile session, weighed down by profit-booking in select IT, financial and oil & gas stocks.

The Sensex fell 135.03 points, or 0.18%, to settle at 75,183.36. During the session, the index swung sharply between an intraday high of 75,945.79 and a low of 74,996.78, reflecting heightened market volatility.

The Nifty 50 slipped 4.30 points, or 0.02%, to close at 23,654.70.

Broader markets remained largely rangebound. The BSE SmallCap Select index gained 0.48%, while the MidCap Select index ended nearly flat.

According to market experts, investor sentiment remained cautious amid ongoing concerns surrounding the Middle East conflict, elevated crude oil prices, currency volatility and rising global bond yields.

What Gift Nifty live chart signals?

The Gift Nifty Live Chart shows a muted start for the Indian stock market today. By 7:43 AM, the Gift Nifty was trading around the 23,620.5 level, a discount of 11 points from the Nifty futures' previous close of 23,631.40.

Stocks to buy today

Regarding stocks to buy today - Raja Venkatraman is Co-founder of NeoTrader, and stock research platform MarketSmith India, recommended buying these five shares - Aditya Birla Fashion and Retail Ltd, Metro Brands Ltd, Great Eastern Shipping Company Ltd, Samvardhana Motherson International Ltd, and Lumax Industries Ltd.

👉Three stocks to trade, recommended by NeoTrader's Raja Venkatraman

Aditya Birla Fashion and Retail Ltd: Buy above ₹67 | Stop ₹63 | Target ₹77 (multiday)

Aditya Birla Fashion and Retail (Cmp ₹66.76)

Why it's recommended: Aditya Birla Fashion and Retail is a prominent Indian fashion and lifestyle company, a subsidiary of the Aditya Birla Group. The stock has been in a decline over the last six months, and the formation of a Cup-and-Handle pattern over the last few days has raised the possibility of an upside move. Looking ahead, the numbers suggest momentum is picking up, and an upward move is possible now. With the midcap index doing well, we could consider going long.

Key metrics:

52-week high:₹98,

Volume: 8.1M

Technical analysis: Support at ₹60 | Resistance at ₹80.

Risk factors: Intensifying retail competition, high vulnerability to economic downturns, margin pressure from aggressive expansions, and reliance on consumer discretionary spending.

Buy: Above ₹67.

Stop loss:₹63.

Target price:₹77 (Two months)

Metro Brands Ltd: Buy above ₹1,110 | Stop ₹1,050 | Target ₹1,225 (multiday)

Metro Brands (Cmp ₹1,108.80)

Why it's recommended: Metro Brands Ltd is one of India's largest footwear speciality retailers, offering a wide range of branded products for men, women, and children. The power sector is now in demand. After the sharp sell-off, prices appeared to have found strong support at the Kumo cloud region, and the revival from lower levels is highlighting strong upside potential. The Relative Strength Index is rising and has crossed 60 levels, indicating some potential to the upside. One can consider going long.

Key metrics:

P/E: 75.41,

52-week high:₹1,340.40,

Volume: 294.14K.

Technical analysis: Support at ₹1,025 | Resistance at ₹1,250.

Risk factors: Reliance on third-party manufacturers, vulnerability to retail lease renewals, and intense competition from domestic and international brands.

Buy: Above ₹1,110

Stop loss:₹1,050

Target price: ₹1,225 (Two months)

Great Eastern Shipping Company Ltd: Buy above ₹1,725 | Stop ₹1,625 | Target ₹1,925 (multiday)

Great Eastern Shipping Company (Cmp ₹1,719.60)

Why it's recommended: The Great Eastern Shipping Company Ltd is India's largest private sector shipping and oilfield services provider. The company operates a diversified modern fleet of crude carriers, petroleum product tankers, gas carriers, and dry bulk vessels to safely transport commodities globally. The stock has been featured in our article before, and it continues to attract demand. After giving a dividend, the trends remain intact. The steady rise in the Relative Strength Index after stabilising at the neutral zone suggests that we could be looking at some upside.

Key metrics:

P/E Ratio: 10.41

52-week high: ₹1,798

Volume: 2.61M

Technical analysis: Support at ₹1,605 | Resistance at ₹1,950.

Risk factors: Cyclical shipping charter rates, geopolitical supply chain disruptions driving up operating expenses, and global commodity demand fluctuations

Buy: Above ₹1,725

Stop loss: ₹1,625.

Target price: ₹1,925.

Two stock recommendations by MarketSmith India

Buy: Samvardhana Motherson International Ltd (current price: ₹137)

Why it's recommended: Strong global auto component player, diversified customer base, presence across multiple geographies, strong relationships with global OEMs, beneficiary of premium vehicle growth, continuous acquisition-led expansion, diversified product portfolio, increasing content per vehicle, growth opportunity in EV segment, strong manufacturing scale, improving operational efficiency, long-term growth visibility, focus on cost optimization, strong export-oriented business, and expansion in non-auto segments.

Key metrics: P/E: 37.17 | 52-week high: ₹138.40 | Volume: ₹875.88

Technical analysis: Cup-with-handle base breakout

Risk factors: High dependence on auto industry cycle, global slowdown affecting vehicle demand, integration risk from acquisitions, forex fluctuation risk, margin pressure from raw material costs, high exposure to overseas markets, customer concentration risk, debt increase from acquisitions, supply chain disruption risk, EV transition uncertainty, geopolitical risks in global operations, slowdown in European auto market, rising labor and logistics costs, semiconductor shortage impact, and cyclical nature of auto demand.

Buy: ₹135-137

Target price:₹160 in two to three months

Stop loss: ₹157

Buy: Lumax Industries Ltd (current price: ₹5,535)

Why it's recommended: Strong presence in automotive lighting, leading supplier to major OEMs, beneficiary of premium vehicle trend, strong relationship with OEM clients, growing demand for LED lighting, technology tie-up with Stanley Electric, expansion in advanced lighting solutions, consistent revenue growth potential, beneficiary of auto sector recovery, increasing content per vehicle, focus on innovation and design, strong manufacturing capabilities, opportunity from EV segment growth, improving operational efficiency, and growth in passenger vehicle demand.

Key metrics: P/E:44.61 | 52-week high: ₹6,934.50 | Volume: ₹17.46 crore

Technical analysis: Trendline breakout on above-average volume

Risk factors: Dependence on auto industry cycle, high reliance on OEM demand, customer concentration risk, raw material price volatility, margin pressure from competition, slowdown in vehicle sales, technology disruption risk, EV transition changing product demand, supply chain disruption risk, semiconductor shortage impact, high competition in auto ancillaries, limited pricing power with OEMs, economic slowdown affecting auto demand, forex fluctuation risk, and execution risk in capacity expansion.

Buy at:₹5,480-5,563

Target price: ₹6,300 in two to three months

Stop loss:₹5,250

Source: Mint 

Disclaimer: This story is for educational purposes only. The views and recommendations above are those of individual analysts or broking companies, not of us.  We advise investors to check with certified experts before making any investment decisions

22/05/26, The BSE will announce its semi-annual Sensex reshuffle today, May 22. Experts anticipate that Hindalco Industries will be replacing Trent in the 30-share key benchmark.

 

Ahead of the Sensex reshuffle announcement on Friday, the market consensus indicates that Hindalco is likely to be included in the Sensex, while Trent may face exclusion, notes Aakash Shah, Technical Analyst - Technical Research at Choice Broking.

Brokerage firm Nuvama Alternative & Quantitative Research also expected Trent to be dropped from the BSE, with either Hindalco Industries or Shriram Finance likely to replace it.

Hindalco likely to enter Sensex, Trent seen to exit

From a technical perspective, Shah said Hindalco has shown strong relative strength with a clear higher-high and higher-low structure on the charts, supported by improving volumes and sustained institutional buying. "The stock continues to outperform its sector peers, indicating positive momentum ahead of the reshuffle," he further said.

On the other hand, Shah said Trent has witnessed weakening momentum after a strong rally seen earlier. "The stock is currently trading in a consolidation phase with softer relative strength and reduced buying traction on the charts," he stated.

Technically, inclusion generally supports sentiment due to expected passive inflows and stronger liquidity, while exclusion candidates may witness temporary pressure because of ETF-related outflows and profit booking, Shah concluded.

Similarly, Nuvama said Trent is likely to be excluded from the BSE Sensex in the June 2026 review following a slide in its free-float market capitalisation relative to other index constituents.

As per the brokerage's reading of the Sensex methodology and latest market-cap data, the change would be effective with the June 19 index adjustment after the announcement on Friday, May 22.

"The exclusion could result in passive outflows of approximately USD 257 million," the brokerage estimated.

The brokerage further pointed out the likely selling pressure from index funds and ETFs that mirror the Sensex. According to the note, Trent's recent underperformance has eroded its free-float market cap ranking, pushing it below key eligibility thresholds within the BSE universe.

Sensex Rejig announcement: Hindalco vs Shriram Finance

Regarding the potential additions, Nuvama has identified Hindalco Industries and Shriram Finance as the two "key contenders" to take Trent's place in the Sensex basket.

Although Shriram Finance currently leads in terms of free-float market capitalization, the brokerage noted that Hindalco might have a better shot at being selected.

"We believe Hindalco Industries may have a relatively higher probability of inclusion, supported by the index committee's preference for broader sectoral representation within the BSE universe," the report said, adding that the final call rests with the Sensex Index Committee.

Nuvama also highlighted that "despite the methodology framework, there appears to be a degree of subjectivity in the final selection of the potential inclusion candidate."

Trent Share Price

Shares of Trent on Thursday ended at Rs 4170.05, up Rs 71.55 or 1.75 per cent from the previous close of Rs 4,098.50, on the BSE.

Shares of Trent have traded in the negative zone over the past year two years, shedding 10.65 per cent of their value.

During 2025, it stood out as one of the weakest performers among both the Tata group stocks. Although a sharp post-Q4 rally of almost 26 per cent helped claw back some of those year-to-date losses, the stock remains down nearly 5 per cent over the past one month.

Hindalco Share Price

Shares of Hindalco Industries on Thursday ended at Rs 1099, Rs 13.10 or 1.21 per cent higher from the previous close of Rs 1,085.90, on the BSE.

The shares of Hindalco have rallied 65.80 per cent in the last one year and remain higher by 22.79 per cent on YTD basis.

Shriram Finance Share Price

Shares of Shriram Finance Ltd on Thursday ended at Rs 914.85, down Rs 8.60 or 0.93 per cent from the previous close of Rs 923.45, on the BSE.

In the last one year, the shares rose 39.12 per cent. However, on YTD basis, the stock is down 10.28 per cent.

Report by EconomicTimes

(Disclaimer: The above article is meant for informational purposes only, and should not be considered as any investment advice. We suggest readers/investors to consult their financial advisors before making any money related decisions.)