Asian shares declined Thursday, mirroring Wall Street’s slump as oil prices surged past $110 a barrel. Inflationary pressures were already building before the war in the Persian Gulf disrupted energy supplies, leading investors to anticipate fewer interest rate cuts. Major indices in Tokyo, Seoul, and Hong Kong all saw losses.Read More
Manappuram Finance shares dipped 2% after its subsidiaries received RBI approval for Bain Capital’s indirect control, marking the final step in the Rs 4,385 crore deal. Bain Capital will hold a significant stake, becoming a joint promoter alongside existing ones, with the capital infusion expected by March 31, 2026.Read More
Defence stocks have failed to rally despite the ongoing Iran-Israel war, with many declining up to 11% amid broader market weakness. While some stocks have posted gains, the trend remains mixed. Analysts see long-term potential driven by rising global defence spending despite near-term volatility and valuation concerns.Read More
The Indian rupee hit a new low against the US dollar. This happened after data revealed India paid a high premium for crude oil imports. Refiners and companies bought dollars to meet commitments. The Reserve Bank of India defended a key level but eventually allowed the rupee to fall. Further weakening is expected if oil prices remain high.Read More
The Indian rupee is facing a significant downturn, exacerbated by rising crude oil prices due to geopolitical tensions linked to the Iran conflict. Analysts suggest the currency could weaken to around 95 against the US dollar, with a move towards 100 being a tail risk in a severe escalation scenario.Read More
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