Oil prices see sustained surge
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U.S. stocks rose as Oracle's upbeat AI-fueled forecast lifted investor sentiment, countering Middle East tensions and Boeing's losses after a crash. Oracle's shares surged by 14%, boosting the tech sector.
The S&P 500 may have reclaimed the 6,000 level last week, but a surge in flows to cash markets offers an "early sign" investor positioning is growing more defensive, Bob Savage, head of markets macro strategy at BNY,
On the sectoral front, the Nifty PSU Bank index underperformed, shedding 1.18 percent, followed by losses in the Nifty Metal and Nifty Bank indices, which declined 0.96 percent and 1.17 percent, respectively.
Global stocks rose while the dollar weakened as U.S.-China trade discussions commenced in London. Markets remained optimistic despite restricted rare earth exports. Wall Street saw mixed results; small-cap stocks performed well.
Benchmark equity indices Sensex and Nifty surged in early trade on Monday (Juine 9, 2025) tracking a rally in global markets and upbeat investors' sentiment following the Reserve Bank's jumbo rate cut of 50 basis points. The 30-share BSE Sensex jumped 480.01 points to 82,669 in early trade. The 50-share NSE Nifty surged 157.05 points to 25,160.10.
Shares of SolarEdge Technologies (NASDAQ: SEDG) rocketed 46% in May, according to data provided by S&P Global Market Intelligence. Powering the surge in the solar stock was the continued improvement in its financial results.