Gold prices face a mixed outlook this week, influenced by US-Iran peace talks, oil market shifts, and crucial US economic data. Federal Reserve officials’ speeches will also guide interest rate expectations, impacting bullion’s near-term trajectory. Analysts suggest a sideways to corrective momentum for precious metals, with progress in peace discussions potentially easing safe-haven demand.
Planning a bank visit in June requires checking the holiday list as branches in several states will be closed on specific dates for festivals like YMA Day, Raja Sankranti, Moharrum, and Muharram. Additionally, banks observe closures on the second and fourth Saturdays of each month, impacting physical branch operations.
Domestic air travel experienced a dip in April, with passenger numbers falling 4.2% from March and 3.47% year-on-year. Airlines faced headwinds from softer demand and rising costs, leading to network adjustments. IndiGo expanded its market share to 65%, while Air India Group saw a decline. Operational performance varied, with IndiGo leading on-time flights.
Seven of India’s top 10 companies experienced a combined market valuation drop of Rs 1.54 lakh crore last week, with Reliance Industries leading the decline. This occurred as the BSE Sensex and NSE Nifty saw minor dips. Despite the losses, Reliance Industries maintained its position as the country’s most-valued firm.
Senior officials from India and the US are meeting in New Delhi to finalize an interim trade agreement and advance broader bilateral trade talks. Discussions will cover market access, customs, and investment, with potential recalibration of the deal due to recent US tariff changes. The agreement aims to boost trade and economic security between the
Dalal Street anticipates a busy week driven by the RBI’s interest rate decision, key economic data, and global developments like the US-Iran situation and crude oil prices. Investors will closely track manufacturing and services PMI, GDP growth, and foreign exchange reserves for market direction.
Foreign portfolio investors continued their exit from Indian equities in May, withdrawing Rs 32,963 crore due to concerns over earnings growth and a weakening rupee. This outflow has pushed cumulative FPI withdrawals in 2026 to Rs 2.25 lakh crore, surpassing the entire previous year’s figure. While selling intensity has eased, a turnaround in flows is
Geopolitical tensions in the Middle East are directly impacting household budgets, driving up prices for everyday essentials like cooking oil, milk, and bread. Soaring global crude oil prices and a weakening rupee are increasing import, fuel, and transportation costs, leading to a domino effect on consumer goods and even healthcare services.
