The Indian rupee plummeted to a new record low of 88.33 against the U.S. dollar on Monday, surpassing the previous low recorded on Friday. This decline reflects increased hedging activity by importers and a rise in short positions taken by market participants. The pressure on the rupee is attributed to higher U.S. tariffs, exacerbating existing market vulnerabilities.
The rally in Ola Electric shares comes after PLI certification for its Gen 3 scooters. Analysts highlight potential upside, but caution that stretched valuations and weak fundamentals persist, even as margins improve and technical charts signal a bullish breakout.
Vladimir Putin addressed the Shanghai Cooperation Organisation summit, pinpointing the West's persistent efforts to integrate Ukraine into NATO as a primary catalyst for the ongoing conflict. He also highlighted the 2014 coup in Kiev, allegedly instigated by the West, as a significant factor contributing to the crisis. Putin emphasized that NATO expansion poses a direct threat to Russia's security.
Ather Energy's shares soared following the unveiling of its next-generation scooter platform, EL, at Ather Community Day 2025, reaching a 52-week high. The EL platform, designed for versatility and scalability, is expected to drive the company's future growth. With the launch of updated AtherStack 7.0 and next-generation fast chargers, Ather aims to enhance rider experience and meet rising market demand.
Bitcoin experienced a slight dip to around $107,400, while Ethereum fell over 7% to $4,380, as markets reacted to last week's pullback. Despite this, analysts note strong institutional interest in Ethereum, with significant ETF inflows, contrasting with Bitcoin ETF outflows. Bitcoin is consolidating, forming an accumulation zone for long-term investors, with potential resistance at $110,200 and support at $106,100.
Apollo Micro Systems rallied nearly 14% in two days to hit a new 52-week high after securing DRDO approval as a production agency for the Multi-Influence Ground Mine and signing a technology transfer pact for the NASM-SR missile.
Gold and silver prices hit record highs on MCX as weak dollar, Fed rate cut hopes, and safe-haven demand boosted buying. Analysts expect volatility amid global trade tensions and rupee weakness, advising a buy-on-dips strategy with gold targeting 1,07,000 and silver 1,27,000.
Motilal Oswal has reaffirmed its Buy call on Suzlon Energy with a target price of Rs 80, indicating 42% upside. The brokerage cites improved execution, strong order book, regulatory support through localisation, and leadership stability as key drivers for the companys growth outlook.
