Stocks Tank in Asia as Oil Price Surges
Asian markets tumbled on Monday as Middle East tensions and spiking oil prices sparked a mass exit from the region’s previously booming stocks. Source link
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Asian Stocks Today: Asian stocks today: Nikkei tumbles 3,000 points, Kospi down 7%; markets trade in red as oil prices soar beyond $100
Asian stocks opened sharply lower on Monday, weighed down by surging oil prices and concerns over economies reliant on energy imports from the Middle East. South Korea’s Kospi emerged as the hardest hit, tumbling over 7.8% or 437 points to 5,147. Nikkei plunged 6.6% or 3,683 points to 51, 937. Around 11 am IST, HSI…
Stock market today: Nifty50 opens below 24,000, Sensex tumbles over 2,400 points as oil surges past $100 amid Iran war
Stock market began the week in red with Nifty trading below 24,000 and Sensex tumbling over 2,000 points as the Middle East conflict continues to intensify. As of 9:27 am, NSE Nifty50 was trading 23,703.60, down 746.85 points or 3.05%. BSE Sensex plunged 2,415.69 points or 3.06% to trade at 76,503.21. This follows a weak…
For China, Billions of Dollars Are at Risk From a Widening War
The country found a home in the Middle East for its investments and growing markets for steel, electric vehicles and solar panels. Those are now at stake. Source link
Railways suggests changes to private partnership policy
NEW DELHI: Railways has proposed two major amendments to its over a decade-old public private partnership (PPP) policy to bring greater certainty in recovery of private investment and reduce risk. The changes will include offering a 50-year concession period and railways taking the entire responsibility of land acquisition.Officials said the revised policy is crucial, considering…
Shriram Finance, Nykaa & more: Top stocks to watch on March 9
Jefferies has a buy on Shriram Finance with the target price at Rs 1,220. Analysts said interaction with the management suggests commercial vehicle (CV) demand (including the used ones) stays healthy. The company reiterated 18-20% assets under management (AUM) growth guidance for FY27-28. Cos of finance can fall 80 basis points (bps) and lift spreads…
US oil tops $100 a barrel as Iran war rages; Donald Trump gives a ‘crude’ response: ‘very small price to pay’
Oil prices have climbed above $100 a barrel for the first time in more than three and a half years as the escalating war involving Iran disrupts energy production and shipping routes across the Middle East. US President Donald Trump called it a “very small price to pay for world peace”.“Short term oil prices, which…
FMCG and pharma emerge as new strongholds for women CEOs
NEW DELHI: There was a time when some of India’s leading banking and financial services firms had women at the helm, making these sectors a visible symbol of gender diversity. Today, that centre of gravity has shifted.Consumer-facing industries and pharmaceuticals have emerged as the new strongholds for women CEOs, reflecting where long-standing leadership pipelines are…
Axis, Max Financial ink deal to list life cover JV
MUMBAI: Axis Bank has entered into an agreement with Max Financial Services to pursue a listing of their life insurance joint venture, Axis Max Life Insurance, by April 2027, potentially through a merger of Max Financial into the insurer. The agreement outlines a sequence of options to unlock value from the insurance business, with the…
Oil Prices Surge Above $100 a Barrel for the First Time in Almost Four Years
The jump was a sign of growing concern that the war in the Middle East will take a toll on energy supplies. Source link