Global Market

Since the onset of the US-Iran war in late February 2026, the Breakwave Tanker Shipping ETF has surged more than 220%. Over the past three months, it has gained nearly 300%, while six-month returns stand at over 745%.

Japanese stocks surged on May 7, with the Nikkei 225 rising 5.58% to a record high, fueled by optimism over US-Iran negotiations and strong tech earnings. SoftBank led gains, climbing 18.44%, as semiconductor stocks also performed well, indicating a bullish trend in the market.

Taiwan Semiconductor Manufacturing Co , whose customers include Nvidia and Apple, saw January-March net profit rise to T$572.5 billion ($18.2 billion).

US stock futures fell as geopolitical tensions with Iran affected crude oil prices. The S&P 500, Dow, and Nasdaq dropped 2-2.5% in pre-market trading. Iran's attacks and threats to the Strait of Hormuz have heightened market anxiety over potential inflation.

US stock market: The futures of tech-heavy Nasdaq 100 index retreated 0.80%, while S&P 500 futures declined lost 0.32% and those of the Dow Jones were lower by 0.13%.

Novo Nordisk stock jumped over 8% after rival healthcare firm Hims & Hers withdrew its knockoff weight-loss drug from the market amid US Food and Drug Administration (FDA) scrutiny. Here's all you need to know about the pharma giant's stock price movement.

Stock market today: Gift Nifty pointed towards a flat opening on Monday's session, as Gift Nifty was trading at 25,809.50, which is around 7.50 points or 0.1% down from the previous close.

Stock market today: Early trends in Gift Nifty also pointed towards a positive start to Friday's session, as Gift Nifty was trading at 26,002.5, which is around 35 points or 0.13% up from the previous close.

Meanwhile, early trends in Gift Nifty also pointed towards a negative start to Thursday's session, as Gift Nifty was trading at 26,184, which is around 42 points or 0.16% down from the previous close.