Indian Stocks Head For Worst Month Since March 2020, Financials Lead Losses

ndian shares fell on Monday and were set for their worst month since March 2020, tracking broader declines in Asia as oil held above $115 a barrel amid an escalating Middle East war, while lenders slumped after the central bank’s curbs on onshore exposures.The Nifty 50 was down 1 Read More

HDFC Bank Share Hits 52-Week Low – Why Jefferies Is Bullish On This Banking Stock

HDFC Share Price: The share price of HDFC Bank on Monday, March 30, declined as much as 2% to hit an 52-week low of Rs 738.35 apiece after Jefferies’ Christopher Wood removed the private bank from two key portfolios, citing the latest ‘Greed and Fear’ report.This comes after the Read More

Rupee Slump Sparks Parliament Row: Sitharaman Says Currency ‘Doing Fine’ Amid War

A political divide over India’s currency valuation resurfaced in the Lok Sabha on Monday, as opposition leaders linked the rupee’s recent volatility to a decline in the Prime Minister’s popularity.During the Budget Session, Samajwadi Party MP Dharmendra Yadav criticized the admin Read More

Middle East Crisis Poses Stagflation Risks To Indian Economy: Morgan Stanley

India’s economic outlook remains supported by strong domestic demand and improving high-frequency indicators, but rising geopolitical tensions, particularly in the Middle East, pose significant risks, including the possibility of stagflation, according to a report by Morgan Stanl Read More

Global Airlines Slash Capacity and Hike Fares 20% as Jet Fuel Prices Double in March

Global airlines have begun to hike fares and cut capacity to cope with the sudden surge in the oil price, but the industry’s ability to remain profitable may depend on whether consumers pull back on flying as gasoline costs threaten household budgets.Before the U.S.-Israeli confl Read More

Gold, Silver Prices Today: Gold Rates Drop, Silver Prices Surge – Check Rates In Mumbai & Other Key Cities

Gold, Silver Rates Today: The gold and silver prices in India traded lower on Monday, March 30, after losses in the global bullion rates.In the South Asian nation, the MCX gold rate for June expiry contracts opened. 0.27% lower at Rs 1,46,850 per 10 grams as against its earlier c Read More

Dollar Eyed for Best Month Since July as Mid-East War Shuts Strait of Hormuz

The U.S. dollar held broadly steady on Monday, poised for its strongest monthly gain since July as investors fret about the ramifications of a long war in the Middle East, denting the yen past the crucial 160 level and spurring intervention jitters.Markets have been rattled this Read More

Bank Nifty Crashes 1,433 Pts as RBI’s $100M Forex Cap Forces $40Bn Unwind; Axis, SBI Lead Sectoral Rout

Indian banking stocks plummeted on Monday as investors braced for a multi-billion rupee blow to treasury earnings following a surprise regulatory crackdown by the central bank aimed at stabilizing the rupee.The Nifty Bank index sank 1,433.50 points, or 2.67%, to trade at 52,274.6 Read More

Rupee Surges to 93.51 as RBI Imposes $100M Forex Cap; Banking Stocks Tumble on Expected ₹4,000 Cr Treasury Loss

The Indian rupee surged 130 paise on Monday, staged its sharpest single-day recovery in over two years as the Reserve Bank of India (RBI) moved to dismantle speculative “long-dollar” positions by slashing bank exposure limits.The local currency jumped to 93.51 per dollar in mid-m Read More

Bears Reconquer Dalal Street: Sensex Crashes 1,191 Pts as West Asia War Hits Week 5; Nifty Tumbles to 22,470 Amid record FII Selling

Indian shares tumbled on Monday as surge in global crude prices and escalating West Asia tensions triggered a flight from riskier assets, hence wiping out approximately ₹7.2 lakh crore in investor wealth within the first 90 minutes of trade.The NSE Nifty 50 index fell 1.53% to 22 Read More