Foreign selling in Indian equities surged in the first half of March, led by financials, marking the heaviest fortnightly selling in 17 months and dragging the Nifty 50 to its worst fortnight since the COVID-19-led rout in March 2020.Read More
Auto stocks led the market decline as the Nifty plunged 600 points, with the sector falling up to 4% amid rising crude oil prices and Fed-driven macro concerns. Weak sentiment was compounded by geopolitical tensions, while banks and IT also dragged indices lower despite broader sectoral pressure.Read More
Shares of HDFC Bank slumped nearly 9% after part-time Chairman Atanu Chakraborty resigned, citing value misalignment, prompting interim replacement Keki Mistry. The selloff marks the fifth 8%-plus single-day crash since 2020, even as the RBI flagged no governance concerns.Read More
Oil prices saw a sharp rise Thursday. Brent crude reached over $115 a barrel. This followed Iran’s attacks on energy facilities across the Middle East. Israel had previously struck Iran’s South Pars gas field. These events mark a significant escalation in the ongoing conflict. The U.S. Federal Reserve maintained steady interest rates.Read More
HDFC Bank’s chairman has resigned, causing a stir in the stock market. However, a major shareholder believes this is a power struggle at the top. He remains confident in the bank’s fundamentals and sees a potential buying opportunity if the market overreacts. The Reserve Bank of India is closely monitoring the situation. The bank’s operations...Read More
Indian markets experienced a pullback after recent gains. Analysts note the market’s stability and suggest this presents a buying opportunity. Nifty ETFs are recommended for accumulation. ONGC and Tata Power are highlighted as stocks with potential upside. Investors are advised to watch key levels for Nifty’s recovery.Read More
Karnataka’s new excise policy is set to benefit United Breweries significantly. The state is shifting to a global taxation standard, deregulating alcohol pricing. This move is expected to lead to price corrections in the economy beer segment, where United Breweries holds a substantial market share. Analysts predict a positive impact on the company’s revenue and...Read More
HDFC Bank is under intense investor scrutiny due to leadership changes and boardroom disagreements. This situation adds to existing concerns about growth and margins. While short-term volatility is anticipated, long-term investors may find opportunities as the bank’s structural strengths remain intact.Read More
Australian stocks hit a four-month low on Thursday. Global markets felt the impact of the Middle East war. Inflation fears grew, and risk-taking decreased. Local labour data presented a mixed outlook. Energy stocks saw gains as oil prices surged. Miners and gold stocks experienced declines. New Zealand’s benchmark also fell.Read More
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