Global financial markets surged on Monday while oil prices fell sharply after the United States and Iran confirmed a preliminary agreement aimed at ending months of conflict and reopening the strategic Strait of Hormuz. Investors welcomed the announcement, viewing it as a major step toward restoring stability in global energy supplies and reducing geopolitical risks....
Category: stock market
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Markets in the Red: Global Investors Rattled by Rising Tensions
A general selloff was seen Monday on major stock markets in Asia and Europe as investors took off during the outbreak of heightened geopolitical tensions in the Middle East and the increase in energy prices, raising worries about the world economic outlook. Market sentiment fanned by renewed hostilities between Israel and Iran dampened sentiment in...
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Indian Stock Market Crashes as Global Tensions, Oil Prices and Weak Rupee Trigger Massive Selloff
Indian stock markets witnessed a major selloff on Monday as rising global tensions, surging crude oil prices and a weakening rupee triggered panic across Dalal Street. The BSE Sensex plunged over 1,300 points during the trading session, while the NSE Nifty slipped below the 23,500 mark. Investor wealth worth nearly ₹5 lakh crore was wiped...
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Bajaj Finance shares are in the headlines as the RBI directs the NBFC to halt lending under two packages.
Bajaj Finance told stock exchanges that the supervisory limitations would stay in place until the shortcomings detected in the issuing of Key Fact Statements to borrowers are remedied to the satisfaction of the RBI. The Reserve Bank of India (RBI) has asked Bajaj Finance Ltd to stop regulating and disbursing loans under its two lending...
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TCS has set November 25 as the record date for a Rs 17,000 crore buyback.
The record date for Tata Consultancy Services Ltd.’s Rs 17,000 crore buyback has been set for November 25. In October, India’s biggest IT services firm announced that it would buy again up to 4.09 crore stock, representing 1.12% of total paid-up equity capital. This is the business’s fifth such offer since 2017. The repurchase price...