Financial News

City of Warwick Notice of Proposed Tax Rate Change

Dalaroo nears final Govt sign-off for giant Greenland minerals hunt

Dalaroo Metals is on the verge of a major land expansion at its Blue Lagoon project in Greenland, with final approvals pending for three new licences targeting high-grade rare earths and critical minerals.

Gaming Stocks Up in Slump... Krafton·NC Only

While the broader gaming sector continues its sluggish performance, select major gaming companies are rebounding on the strength of solid earnings and new title anticipation. Krafton and NC in particular are seeing sharp stock recoveries driven by robust performance from their core intellectual properties (IPs). NC(left), Krafton logos. / Courtesy of respective companies According to industry sources on May 6, Krafton's share price has been trending upward recently. After hitting this year's low of 208,500 won on March 4, Krafton's stock price surged approximately 37% to reach 284,500 won as of May 6. This upward momentum is interpreted as the result of improved earnings performance. Krafton achieved its highest-ever quarterly revenue in Q1, with its flagship PUBG IP franchise revenue surpassing 1 trillion won. Anticipation for new titles has also been reflected in the stock price. The new title "Subnautica 2," which faced concerns over launch delays due to litigation issues, has resolved uncertainties with its early access release scheduled for May 15. The game has been building anticipation by ranking No. 1 on Steam's wishlist for 34 consecutive weeks. Securities firms expect sales of approximately 5 million copies in Q2 alone. NC has also joined the rebound trend. NC's share price has recovered to the 260,000 won range, rising more than 24% since April 7. This reflects expectations for major new titles including "Lineage Classic" and "Aion 2" translating into improved earnings forecasts. The market estimates NC's Q1 revenue at 518.1 billion won and operating profit at 93 billion won—increases of 43% and 1,681%, respectively, compared to the same period last year. While securities firms evaluate both companies' stock trends positively, they believe future valuation improvements depend on proving the quality of new titles. Krafton is accelerating its "post-PUBG" strategy centered on overseas development subsidiaries. The early access launch of "Subnautica 2" from U.S.-based developer Unknown Worlds is imminent, while the Montreal studio is developing the triple-A title "Project Windless." Kim Jin-gu, researcher at Kiwoom Securities, assessed: "Krafton is demonstrating its IP diversification commitment to the market by disclosing development progress on Project Windless this year." He continued: "This new title needs to be sequentially validated for content completeness, optimization levels, and potential entry into the triple-A segment. If positive results are confirmed, it will also work favorably for valuation multiples." NC is expected to expand its Western market revenue share alongside mobile casual business expansion results. NC recently completed establishment of its subsidiary "ValoPlay," which will serve as a European casual studio hub, completing business preparations. Securities firms project this business will generate over 550 billion won in revenue this year. Additionally, NC is expected to expand overseas revenue through this summer's mobile version release of "Guild Wars Reforged" and the second-half global launch of "Aion 2." Nam Hyo-ji, researcher at SK Securities, evaluated NC: "Beyond stable performance from existing titles, the company has secured earnings upside through new titles and genre diversification." Kim Dong-woo, researcher at Kyobo Securities, analyzed: "Entry into casual gaming through acquisitions of Riiid, Spring Comes, and JustPlay marks entry into a phase of breaking away from the previous structure where profit volatility was high depending on a few large new title performances." swchun@chosunbiz.com

SENSEX, NIFTY50 slip in the red after opening higher; Bajaj Auto, Eicher Motors, M&M among top movers - Upstox

SENSEX, NIFTY50 slip in the red after opening higher; Bajaj Auto, Eicher Motors, M&M among top movers Upstox Sensex up 300 pts from day's low, Nifty near 24,400: US-Iran peace deal hopes among key factors behind... Moneycontrol.com Stock markets rally as oil prices decline amid progress in U.S.-Iran talks; Sensex jumps 940 points The Hindu Top gainers and losers, May 6: IndiGo surges 6.7%, Tata Motors PV up over 5%; ONGC shares down 3% Upstox Sensex Today | Nifty 50 | Stock Market Live Updates: Sensex trades choppy, Nifty below 24,350; auto index... The Economic Times

World Bank predicts metals price rise in 2026

The Washington-based institution says a spike in precious metals values is leading the way in an anticipated double-digit overall metals and minerals price increase in 2026.

Sensex, Nifty remain volatile as markets weigh US-Iran talks; what investors should note

Indian markets opened higher on US-Iran deal hopes but remains volatile and cautious, here's what investors should note.

SpaceX and Anthropic mega-IPOs could mark end of bull run, Bank of America suggests

Rule changes for faster inclusion and rejiggering the math on free float multiples "smack of late-stage machinations," the bank said.

.XAUUSD/GOLD INTRADY PROJECTION 07.05.26

Gold intraday outlook is currently bullish, as the market has already shown a strong upward move from the recent swing low around the 4550 zone. After this impulse, price is now in a healthy pullback phase, which is a normal retracement before the next potential move. In your chart, the key buying area is clearly marked between 4635 (0.5 Fibonacci level) and 4614 (0.618 level), which is a strong demand zone where buyers are expected to step in. If price reacts positively from this zone, we can expect continuation towards the previous highs, with targets around 4725 (day swing high) and further upside towards 4760 resistance. This setup is mainly a buy-on-dip opportunity, not a breakout trade, so patience is important to wait for price to reach the discount zone. However, if the market breaks and closes below the 4610 area, the bullish structure will weaken, and it’s better to avoid buying positions. Overall, the plan is simple: gold is bullish, wait for retracement, enter from support, and target the highs

Three held for selling commercial LPG cylinders in black in Hyd’bad

Amid commercial cylinder restrictions, the Hyderabad Commissioner’s Task Force, Secunderabad Zone Team, along with Gandhi Nagar Police, apprehended three persons for illegally selling commercial gas...

Hero MotoCorp shares get Jefferies upgrade but margin worries keep UBS cautious

While Hero continues to face a challenging demand mix shift, it has reclaimed some market share in the 110-125cc bike and ICE scooter segments in the second half of FY26. Its electric vehicle franchise is also showing signs of improvement.

UNIONBANK : Wave 4 Play

The daily chart for Union Bank of India indicates a robust long-term bullish trend supported by a well-defined ascending trendline. Currently, the price action suggests we are in the final stages of a corrective phase, preparing for a potential "Fifth Wave" impulse. 🔍 Technical Breakdown 1. The Impulse Framework (Waves I - III) Wave (I) & (II): Established the base trend throughout early 2025. Wave (III): A powerful extended move that peaked near the 210 level in March 2026. This was the primary growth phase. 2. The Corrective Phase (Wave IV) The stock is currently undergoing a Wave (IV) correction, which appears as a classic ABC flat/zigzag internal structure (marked in red). We are currently trading within the Wave 4 completion zone (155 – 174). Support Logic: This zone aligns with the long-term ascending trendline (red line), which has historically acted as a strong "buy on dips" floor. 3. The Projection (Wave V) If the support at the trendline holds, the next logical step is the start of Wave (V). Target Zone: 209 – 217. Ultimate Goal: Re-testing and potentially breaking the previous swing high established by Wave (III). 🏗️ Actionable Trading Plan Accumulation Strategy: Zone: The current range between 155 and 169 is an ideal accumulation area for swing traders. Logic: Buying near the confluence of the Wave 4 completion zone and the ascending trendline provides a high-probability entry point. Confirmation: Look for a strong bullish rejection candle (like a Hammer or Bullish Engulfing) on the daily timeframe near the trendline (~155-160 level). A breakout above 180 would provide secondary confirmation that Wave (V) has officially commenced. Risk Management: Stop Loss (SL): Place a strict stop loss below 151.00 on a day closing basis. Reasoning: A decisive close below 151 would invalidate the current Elliott Wave count and signal a breakdown of the primary trendline. 💡 Educational Insight: The Power of Confluence In technical analysis, "confluence" occurs when multiple indicators or patterns align at the same price point. In this UNIONBANK chart, we have: Elliott Wave: Potential Wave 4 completion. Structural Support: The 155-174 horizontal demand zone. Trendline Support: The long-term ascending support line. When these factors converge, the statistical probability of a reversal increases significantly. 🏁 Summary Trend: Bullish (Long-term) / Corrective (Short-term). Key Support: 155. Primary Target: 209+. Mindset: Patiently accumulate near the trendline. Wave 4s can be choppy, so avoid aggressive position sizing until the reversal is confirmed. Disclaimer: I am not a SEBI-registered analyst. This analysis is for educational purposes only. Investing in the stock market involves risk; please perform your own research or consult a certified financial advisor before taking any positions.

Gold gains as dollar weakens; investors focus on US-Iran peace deal prospects