Finance -

Asian stocks today: Markets mixed as AI rally loses steam, oil prices and inflation worries weigh on sentiment

TazaPulseMay 13, 2026

Asian markets traded mixed on Wednesday as fading momentum in artificial intelligence-linked stocks, elevated oil prices and concerns over persistent inflation kept investors cautious.Japan’s Nikkei 225 edged up less than 0.1% to 62,774.94, while South Korea’s Kospi gained 0.9% to 7,708.05 after recovering some recent losses.Australia’s S&P/ASX 200 slipped 0.3% to 8,645.80.Hong Kong’s Hang Seng...

budget 2026 expectations top stocks to watch out for

Buy or sell: Stock recommendation by brokers for May 13, 2026

TazaPulseMay 13, 2026

UBS has a buy on Indian Hotels with the target price at Rs 900. Analysts said the company reported resilient Jan-March quarter (Q4FY26) numbers despite geopolitical headwinds, with consolidated revenues rising 14% on the year (YoY) to Rs 2,770 crore and profit after tax (PAT) up 15% YoY to Rs 600 crore.This was underpinned by...

Jensen Huang is joining China trip after Trump called the Nvidia CEO: Source

TazaPulseMay 13, 2026

Jensen Huang, CEO of Nvidia speaks with CNBC on May 5, 2026. CNBC BEIJING — Nvidia CEO Jensen Huang is joining U.S. President Donald Trump’s trip to China this week, the chipmaker confirmed to CNBC, after initial indications the executive had not been invited. After seeing the media coverage of Huang’s absence from the delegation,...

‘India has financialized too early’: Uday Kotak calls for deeper domestic risk capital pools

TazaPulseMay 13, 2026

Kotak Mahindra Bank founder Uday Kotak said India must cut its reliance on foreign capital and build a strong domestic pool of long-term risk capital to become truly self-reliant.Speaking at an event organised by the Confederation of Indian Industry, Kotak said a “truly Aatmanirbhar” nation is one that “does not need to depend on somebody...

Higher food prices drive April retail inflation to 3.5%

TazaPulseMay 13, 2026

NEW DELHI: Retail inflation, based on consumer price index (CPI), inched up for the third consecutive month to 3.5% in April from 3.4% in March on account of acceleration in food prices, data released by NSO showed Tuesday. The food index rose 4.2% in April, above 3.9% in the preceding month. Fuel inflation decelerated sharply...

Global challenges a wake-up call for India Inc: Piyush Goyal

TazaPulseMay 13, 2026

NEW DELHI: Commerce and industry minister Piyush Goyal on Tuesday said the ongoing global challenges should act as a “wake-up call” for Indian industry to become self-efficient and productive, make better use of free trade agreements, and reduce dependence on imports to strengthen the economy.Amid trying times, India has an opportunity to outshine others, he...

Entry-level smartphone market shrinks 59%

TazaPulseMay 13, 2026

NEW DELHI: India’s entry-level smartphone market suffered a collapse in the first quarter of 2026. Rising component costs and weakening consumer demand reshaped the country’s handset landscape, according to new data from IDC.India’s overall smartphone shipments declined 4.1% year-on-year to 31 million units in Q1 2026, but the steepest pressure was concentrated in devices priced...

Greenlight’s David Einhorn pitches five turnaround stocks at Sohn, from AI to infrastructure

TazaPulseMay 13, 2026

David Einhorn laid out a bullish case for a group of out-of-favor companies at the Sohn Investment Conference on Tuesday, betting that operational turnarounds and artificial intelligence adoption could drive sharp a rebound in overlooked stocks. “We’re finding interesting investments where management is repositioning businesses towards more durable, more disciplined, more generative growth,” Einhorn said....

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Traders believe inflation could near 5% this year

TazaPulseMay 13, 2026

A customer shops for produce at an H-E-B grocery store on May 11, 2026 in Austin, Texas. Brandon Bell | Getty Images Prices in April rose at their fastest pace since May 2023. Traders on prediction market platforms think the peak in inflation isn’t here yet. While the headline annual inflation rate rose 3.8% last...

PM Modi wants Indians to cut gold buying: How much forex can be saved?

TazaPulseMay 13, 2026

When India imports goods (such as gold), it pays for it in dollars. The more a product is imported (both in value and quantity), the more the requirement for dollars. (AI image) Gold may be a safe haven asset but India’s love for the yellow metal is adding pressure to its foreign exchange reserves buffer...