Indian equity markets extended their decline following the prior session’s relief rally, as escalating US-Iran tensions disrupted key Middle Eastern oil and gas supplies, driving crude prices higher. Analysts say a sustained rise in oil prices could weigh on investor sentiment and adversely affect India’s twin deficits, inflation trajectory, and the RBI’s monetary stance. An…
Indian frontline indices Nifty and the BSE Sensex ended sharply lower on Tuesday dragged by a steep fall in IT, auto and bank stocks. Today’s slide wiped out Rs 2.85 lakh crore of investor wealth for stocks listed on the BSE. While the 30-stock Sensex closed 1,069 points or 1.28% lower at 82,226, the broader…
Indian headline indices ended with gains on Tuesday, recording their second successive positive closing aided by buying trends in IT, consumer and financial stocks, though energy and metals dragged markets. While Nifty settled at 25,725.40, advancing 42.65 points or 0.17%, the 30-share BSE Sensex closed at 83,450.96, gaining 173.81 points or 0.21%. Meanwhile, the volatility…