Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex zooms 1,695 pts, Nifty settles above 23,600; crude prices hit 3-month low

Around seven equity mutual funds have multiplied investors’ money up to 20 times in 20 years. Here is a detailed breakdown in descending order of wealth creation, according to the Wealth Conversations Report by FundsIndia. Read more

• Oil prices fell to a three-month low on Friday after Iranian state media reported that a draft memorandum of understanding between Iran and the United States includes a US commitment to ease oil sanctions and an Iranian pledge to reopen the Strait of Hormuz within 30 days.
• Brent crude futures dropped $3.68, or 4.1%, to $86 a barrel, while West Texas Intermediate (WTI) crude fell $3.71, or 4.3%, to $84 a barrel.
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Manish Banthia called gold correctly when few others did. In November 2023, the ICICI Prudential AMC fixed income CIO recommended bullion when sentiment was weak and prices had been flat for over a decade. He later flagged silver’s peak on December 29, 2025, with both calls proving accurate. Read more

Fools give you reasons why FIIs have cut exposure in Nifty stocks since September 2024, but DIIs have stepped in to absorb the selling, suggesting a market recalibration rather than a full exit from India. Experts say the focus now should stay on earnings growth and disciplined allocation. Read more

• SpaceX is set to begin trading on Nasdaq after a record $75 billion IPO that values the company at about $1.77 trillion, making it one of the world’s most valuable firms despite ongoing losses.
• The debut will test investor appetite for the “Musk premium,” with analysts warning that lofty valuations and heavy retail participation could amplify risks if momentum reverses.
• While strong demand, potential index inclusion and long-term growth bets in space, Starlink and AI support sentiment, concerns persist over fundamentals, competition and sustainability of such elevated valuations.

• BlackRock said India’s steps to boost bond inflows are positive, but elevated oil prices and currency risks remain key hurdles for foreign investors.
• While recent measures and index inclusion prospects support sentiment, high FX hedge costs, inflation risks and external vulnerabilities continue to weigh on returns.
• The asset manager remains cautious on increasing exposure, preferring relative-value opportunities until geopolitical clarity and oil stability improve. Read more

Bitcoin hovered around $63,600 with technical indicators still cautious, as moving averages remain above spot levels despite a slight improvement in RSI. Market sentiment remains weak, with the fear and greed index in extreme fear territory, close to 2022 bottom levels.

Major cryptocurrencies saw modest gains over the past 24 hours, while altcoins outperformed, though weekly trends remain mixed. Analysts note that Bitcoin is stabilising after recent weakness but lacks strong bullish momentum, with ETF outflows and low trading volumes keeping institutional participation subdued.

Macro factors, including rising oil prices and inflation concerns, alongside capital rotation towards high-growth themes like AI, continue to weigh on sentiment, leaving markets in a consolidation phase. Read more

• Gold prices fell on Friday and were on track for ​a weekly loss, pressured by ​concerns around inflation and potential U.S. Federal Reserve interest rate hikes.
• Spot ​gold was down 0.5% at $4,193.58 per ounce, as of 0442 GMT, and was set for a weekly loss of 3.1%. U.S. gold futures for August delivery rose 2.5% to $4,215.30.
• Gold fell to a ‌more than ⁠six-month low ⁠on Thursday before closing higher at $4,219.69, as U.S. President Donald Trump called off planned military strikes ​on Iran and signalled an imminent peace deal.
• Spot silver fell 0.5% to $67.03 per ounce, and platinum gained 0.7% to $1,731.41, with both metals headed for a weekly loss. Palladium rose 1.8% to $1,292.20, and has gained about 5% for the week so far.

Asian investors, largely excluded from SpaceX's massive IPO, are creatively seeking exposure through supply chain companies, industry ETFs, and Nasdaq 100 tracking funds. Perpetual futures and derivatives also offer speculative avenues, reflecting intense interest in the space giant's market debut. Read more

• Australian shares hit a one-week high on Friday, with gold and ​mining stocks leading gains ​as easing U.S.-Iran tensions boosted risk appetite after U.S. ​President Donald Trump called off planned strikes on Iran.
• The S&P/ASX 200 index rose 1.8% to 8,789.10 by 0032 GMT, its highest level since June 3. The benchmark was ‌also set to log ⁠its ⁠best week since mid-April. It fell 0.2% on Thursday.
• Gold stocks led gains and jumped as much as 6.3%, on track for their best session in two months. Evolution Mining and Northern Star Resources added 6.3% and 4.7%, respectively.
• Following suit, miners advanced 3.8%, on track to log its best day since April 8. Bellwethers BHP ‌Group, Rio Tinto and Fortescue gained between 1.7% and 2.3%.
• Financials rose 1.8%, with the "Big Four" banks up between 1.1% and 1.7%.
• Technology stocks ​tracked their ​overseas peers higher and ⁠climbed 2.1%.

• The Indian rupee is set to climb at the ​open on Friday, buoyed by ​a retreat in crude prices after U.S. President Donald ​Trump signalled that a deal with Iran is imminent, a development that could soften a persistent pressure point for the currency.
• The rupee is expected to open in the ‌95.25 to ⁠95.30 ⁠range to the dollar, per traders, after settling at 95.76 on Thursday.
• Brent crude fell ​to $88.80, its lowest in two months, after Trump said a peace deal with Iran ​could be signed as soon as this weekend, just hours after threatening further strikes.
• The Reserve Bank of India has responded with a string of steps to attract dollar inflows and support the currency. While those measures provided ​relief, the currency's drop on Thursday below levels seen before the RBI actions highlighted the continued pressure.
• For the rupee, the real relief will come from a deal that pushes oil durably lower and removes the risk premium embedded in crude, a currency trader at a bank said.

• Indian government bonds are poised to extend ​their gains in early trading ​on Friday, supported by a decline in oil prices amid easing concerns over a major escalation in U.S.-Iran tensions.
• The ⁠yield on the benchmark 6.94% 2036 note is seen in the 6.88%-6.94% range, according ​to a private bank trader. It closed at 6.9240% on Thursday.
• Oil prices fell more than 1% in Asian ⁠hours, extending ‌losses from the previous session, after U.S. President ​Donald Trump cancelled ​plans to strike Iran.
• The Reserve ​Bank of India allowed lenders to raise foreign-currency deposits from non-residents and agreed to absorb the hedging costs. It also offered state-run companies a 150-basis-point discount on ​hedging costs to support overseas fundraising.
• India's overnight index swap rates are also expected to decline, tracking a fall in oil prices.

• The euro was little changed at $1.1570
• The Japanese yen fell 0.2% to 160.19 per dollar
• The offshore yuan was little changed at 6.7667 per dollar
• The Australian dollar was little changed at $0.7044

• S&P 500 futures rose 0.2% as of 9:04 a.m. Tokyo time
• Hang Seng futures rose 0.9%
• Japan’s Topix rose 1.4%
• Australia’s S&P/ASX 200 rose 1.5%
• Euro Stoxx 50 futures rose 0.5%