Nifty tumbled amid surging crude oil prices and the Fed’s cautious rate outlook, with technical indicators signaling bearish momentum. Analysts warn of further downside below 23,000, while select stocks like ACME Solar and Ather Energy show bullish breakout potential.Read More
Metal prices experienced a sharp decline on Thursday. Aluminium saw a significant drop as speculators exited bullish positions. Copper also sank to a three-month low. Surging oil prices are raising concerns about global economic growth. Additionally, ample inventories are weighing on the market. This situation has led to a broad sell-off across various metals.Read More
Oil prices saw sharp swings as Iran attacked energy targets. The US is boosting supply to counter rising costs before November elections. Brent crude rose, while US crude futures briefly turned negative. Attacks hit gas fields and refineries in the Middle East. European gas prices surged. The US may ease sanctions on Iranian oil.Read More
Wall Street bank capital would fall 4.8% under softened capital rules unveiled by U.S. bank regulators on Thursday, freeing up billions in dollars for lending, dividends and share buybacks in a stunning victory for the industry which had faced double-digit hikes under the original 2023 plan.Read More
Gemini Space Station and its billionaire founders Cameron and Tyler Winklevoss were sued by shareholders who said they were defrauded about the cryptocurrency exchange’s business prospects, and suffered losses as a strategy shift, mounting losses, job cuts and executive departures caused the stock price to fall.Read More
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