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MUMBAI: As the prospect of a quick end to the war in West Asia thinned, sensex reversed with a 1,342-point slide on Wednesday to close at 76,864 points. The index is now down more than 10% from its all-time high of 86,159 points recorded intraday on Dec 1, 2025. Since the war between the US-Israel…
China on Thursday ordered its refiners to immediately halt exports of refined fuel for March in a bid to manage potential domestic shortages triggered by the escalating Middle East conflict, Reuters reported citing sources.The directive was issued by the National Development and Reform Commission (NDRC) and covers shipments of gasoline, diesel and aviation fuel, four…
MUMBAI: Gen Z investors who entered the markets during the Covid & post-Covid years are in panic mode. Having not experienced significant market corrections in their short investment journey, they are jittery looking at some red marks in their statements, indicating month-on-month fall in portfolio values. They are also the ones who are regularly asking…
US President Donald Trump on Wednesday (local time) said that the United States would tap its strategic oil reserves to help reduce fuel prices as global energy markets reel from the escalating Middle East conflict.“We’ll do that, and then we’ll fill it up,” Trump said about releasing crude from the US strategic reserve. “Right now,…
Oil price today: Oil prices surged more than 9% on Thursday, climbing back above the $100-a-barrel mark as fresh strikes on energy supplies and infrastructure in the Middle East heightened fears of major disruptions, overshadowing a record release of crude from strategic reserves aimed at calming markets.Brent Crude jumped 9.3% to $100.50 per barrel, while…
Stock market today (AI image) Stock market crash today: Continuing the down trend, Nifty50 and BSE Sensex, crashed in opening trade on Thursday with the US-Iran war showing no signs of stopping and oil prices climbing again. While Nifty50 went below 23,600, BSE Sensex was down over 900 points. At 9:16 AM, Nifty50 was trading…
Motilal Oswal Securities has initiated its coverage of Jio Financial Services with a buy recommendation and a target price of Rs 320. Analysts said the company is architecting India’s next-gen financial services platform, leveraging ecosystem synergies, data, distribution and discipline for scalable finance. While near-term profitability remains subdued due to the incubation phase of multiple…
Top stocks to buy (AI image) Top stock market recommendations: INOX India, and Apollo Hospitals Enterprise are buy calls from Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group. The analyst recommends selling TVS Motor Company. Below is his views on on Nifty, Bank Nifty and each of the three…
MUMBAI: The rupee fell 23 paise to close at 92.04 against the US dollar on Wednesday, down 0.2%, as volatile oil prices and a sharp fall in domestic equities weighed on the currency. Intermittent dollar sales by state run banks on behalf of RBI limited the losses.Oil prices firmed above $90 per barrel after the…
CHENNAI/ NEW DELHI: The changes in foreign direct investment (FDI) rules for China and other land bordering countries (LBCs) are expected to fast track investment by global investment firms, such as Blackrock and Carlyle, as they were feeling the heat of approvals required, even if there was a very small Chinese shareholding.On Wednesday, the Union…
