Stock market recommendations: Mehul Kothari, DVP – Technical Research at Anand Rathi Shares has chosen Narayana Hrudayalaya, Coal India, and Hyundai Motor India as the top stocks for buying today, May 13, 2026:
Oil prices dipped Wednesday after a three-day rally, with traders watching the Iran conflict’s ceasefire and the Trump-Xi summit. Despite a slight fall, crude remains above $100 a barrel due to ongoing supply fears. Analysts predict elevated prices for months, impacting global inflation and potentially delaying US interest rate cuts.
India has significantly increased import tariffs on gold and silver to 15% from 6% to curb imports and protect foreign exchange reserves. This move follows Prime Minister Modi’s appeal for citizens to avoid gold purchases for a year, aiming to narrow the trade deficit and support the rupee amid global economic pressures.
India’s Gen Z workforce is increasingly adopting portfolio careers, with 75% of Gen Z entrepreneurs managing multiple income streams, a trend driven by a desire for flexibility and autonomy. This shift, amplified by AI and digital tools, sees professionals building businesses, freelancing, and monetizing skills, making entrepreneurship more accessible than ever.
India’s entry-level smartphone market experienced a significant decline in Q1 2026, with shipments plunging 59% due to rising component costs. This “forced premiumisation” pushed consumers towards mid-range devices, boosting the Rs 10,000-Rs 20,000 segment. Overall smartphone average selling price reached a record Rs 30,000.
Mitsui OSK Lines anticipates further container rate increases due to a gap between rising bunker oil costs and freight rates, particularly in Asia. While a prolonged conflict could impact demand, the company remains bullish on India’s growth, expanding its fleet for energy and vehicle transport.
Commerce and Industry Minister Piyush Goyal urged Indian industry to embrace self-efficiency and productivity amidst global challenges. He emphasized reducing import dependence, leveraging free trade agreements, and moving from “assembled in India” to “designed, engineered, and manufactured in India” to strengthen the economy and achieve export targets.
India faces a significant “live balance of payments stress test” due to the West Asian crisis, impacting inflation and currency, Chief Economic Advisor V Anantha Nageswaran stated. He emphasized that managing the current account and preventing currency depreciation are key macroeconomic goals for FY27.
