Explained — Three factors that aided Monday’s Wall Street recovery
Jeff Kilburg, CEO of KKM Financial, had posted on Sunday night that the market would turn green before the close on Monday. He said that…
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Asian markets extend losses as Iran war rages on; Indices fall up to 2%
Australia’s 10-year yield jumped early Tuesday, as Reserve Bank Governor Michele Bullock said the central bank was “very alert” to the potential implications for inflation…
Citi remains cautious on Indian IT despite a 20% fall, prefers these two names
Citi maintains a cautious stance on the IT sector and continues to prefer Infosys and HCL Technologies among large-cap names.
US stocks end choppy day on muted note as traders weigh war impact
US stocks closed flat as traders weighed Iran war risks, oil price spikes, and sector swings. S&P 500 gains in energy offset losses. Trump and…
US-Iran war: JPMorgan CEO Jamie Dimon says inflation risk limited, warns of cyber threats
Jamie Dimon warns of rising cyber and terrorist attack risks after US and Israel strikes on Iran, urging vigilance as banks may be targets. Markets…
Oil prices leap on worries about Iran war, while US stocks trim their sharp losses
Oil prices are leaping Monday with worries that the Iran war will clog the global flow of crude and make inflation even worse. U.S. stocks,…
Cipla enters biologics joint venture with Kemwell, expands presence in Middle East
Biologics venture to see initial investment of up to ₹10 crore; Cipla (EU) forms Cipla Middle East Company in Saudi Arabia
India draws up contingency plan to secure crude amid escalating West Asia conflict
India plans alternative crude supply routes and increased Russian imports as the West Asia conflict disrupts the Strait of Hormuz, threatening energy security and raising…
Dow Jones drops 500 points, oil surges after US-Israel strikes on Iran
US markets plunged as US and Israel strikes on Iran triggered retaliatory attacks, spiking oil prices. Dow Jones fell 1.2%, S&P 500 dropped 1%.
Voltas falls after BofA downgrade on rich valuations; prefers LG Electronics
The Voltas stock is also trading at an 8% premium to LG Electronics India, a valuation BofA finds difficult to justify.