Nifty’s gap-down opening on Monday was driven by developments in the Middle East. Analysts say sentiment is likely to remain bearish unless the index sustains above 25,000, while a break below 24,600 could trigger a deeper correction.
US stocks fell sharply on March 3 due to renewed airstrikes by American and Israeli jets on Iranian targets. The S&P 500 dropped 1.6%, Dow Jones 2.23%, and Nasdaq 2.2%. Oil prices surged over 8.5%.
On Monday (February 2), shares of JSW Infrastructure Ltd ended at ₹251.35, down by ₹3.50, or 1.37%, on the BSE.
Paras Defence announced its entry into the semiconductor space with the incorporation of a new subsidiary, Paras Semiconductors Pvt Ltd. The company will hold a 70% equity stake in the unit.
Fino Payments Bank MD and CEO Rishi Gupta’s arrest was under the GST Act 20217 and SCGST Act 2017. The bank said the investigation is related to its business partners and not related to the GST compliance of the bank.
ICICI Securities energy analyst Probal Sen said crude prices around $75 per barrel are unlikely to trigger windfall taxes, supporting upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India. However, he expects near-term pressure on downstream…
India is still receiving around 1.04 MBD of crude oil from Russia. The crude oil could trend at over $82 in the next 10 to 15 days, sources said.
MiniMax’s M2.5 AI model rivals Claude Opus 4.6 at one-tenth the price, driving developer adoption. UBS rates MiniMax a buy, citing global market potential and diverse AI tools.
Gold and silver prices fell after earlier gains, despite Gulf tensions involving the United States, Israel and Iran. A strong us dollar and profit-taking capped bullion’s rally.
Rising crude, gold and silver prices increase import costs, weaken the rupee, fuel inflation and impact jobs, making everyday expenses higher for all Indians regardless of direct purchases.