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File photo (Picture credit: AP) Asian equities slumped on Friday as renewed fears around overstretched tech valuations and ambiguous US jobs data pulled investors sharply away from risk assets. The downturn came despite Nvidia’s blockbuster earnings earlier in the week, which had briefly revived confidence in the strength of the AI sector.According to news agency…
PhysicsWallah’s sharp post-listing rally has reversed just as quickly, with the stock falling for the third straight session and wiping out significant investor wealth. Shares skidded over 9% to Rs 130.65 on the BSE on Thursday, dragging the company’s market capitalisation below Rs 37,700 crore and erasing nearly Rs 8,609 crore since listing.The edtech firm…
Indian players stand for their national anthem before the start of the 1st Test. (ANI Photo) India’s aura of invincibility at home has begun to show worrying cracks. Since 2020, the team has played 25 home Tests and still boasts a strong overall record — 16 wins, seven defeats and two draws, a respectable 64%…
US President Donald Trump imposed 50% tariffs on India in August, 25% of which is a penalty for India’s crude oil imports from Russia. (AI image) India’s exports to the US have grown in October over September, despite the 50% tariffs imposed by American President Donald Trump on Indian goods. However, the exports to the…
Japan’s economy suffered its first setback in six quarters as exports faltered under US tariffs, while Prime Minister Sanae Takaichi’s new administration moves to assemble a large stimulus plan to steady growth.Government figures released on Monday showed that gross domestic product fell 0.4% between July and September, with the annualised decline coming to 1.8%. ‘If…
Wholesale inflation eased sharply to a 27-month low in October, slipping to (-)1.21% on the back of deep deflation in food items and softer prices across fuel and manufactured goods, according to official data released on Friday. The Wholesale Price Index (WPI) had inched up 0.13% in September and stood at 2.75% a year earlier.The…
US stock futures edged lower on Friday, setting the stage for a rough weekly finish as worries about economic slowdown and stretched valuations in the technology sector dampened investor sentiment.The three major indexes — the Dow Jones Industrial Average, S&P 500, and Nasdaq, are all on track for steep weekly declines. The Nasdaq, which tumbled…
Gold prices plunged sharply on Tuesday, slipping below the $4,000-an-ounce mark in global markets and recording a fall of Rs 4,100 to Rs 1,21,800 per 10 grams in the national capital as easing US-China trade tensions reduced the metal’s safe-haven appeal.According to the All India Sarafa Association, gold had closed at Rs 1,25,900 per 10…
Asian equities slipped on Wednesday as investors took a step back following recent gains, while gold and silver tumbled for a second straight day, halting their recent rally. The pullback came after US President Donald Trump suggested that a planned meeting with Chinese President Xi Jinping might not go ahead. Markets in Hong Kong, Shanghai,…
MUMBAI: After six sessions of continuous selling that wiped off nearly 2,600 points or 3.1% from the sensex, and investors left poorer by nearly Rs 15 lakh crore through a slide in market cap, traders on Dalal Street feel there is a chance of a bounce-back on Monday. But they feel the underlying weak trend…
