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The Indian rupee is under pressure due to global geopolitical tensions and soaring crude oil prices. Currency markets are watching the Reserve Bank of India’s next move. Traders expect continued volatility as the dollar strengthens and oil import demand rises. The rupee could weaken further if tensions persist and oil prices remain high. The RBI’s focus is on managing volatility.Read More

Cupid Limited shares appeared to crash nearly 80% after adjusting for a 4:1 bonus issue, but actually rose over 15%. The stock opened at Rs 82 and rallied to Rs 92.90, despite the broader market decline. This corporate action, while adjusting the per-share price, does not alter the total value of shareholders’ holdings.Read More

Shares of PG Electroplast fell sharply after the company flagged a gas shortage under its supply agreement due to maritime restrictions linked to the Middle East conflict. The disruption has led to curbs on LPG allocations, prompting the firm to explore alternative supplies while assessing the potential impact on production and customers.Read More

Shares of IT companies outperformed the broader market on Monday, with Wipro, LTIMindtree, and Persistent Systems rising up to 1% despite a sharp selloff that wiped out over Rs 12.39 lakh crore from BSE-listed companies’ market capitalisation. Wipro led gains, while Infosys and TCS saw modest declines, less severe than the broader market drop.Read More

Brent crude surged nearly 29% on Monday to cross $100 per barrel, heading for its biggest single-day gain on record after the Strait of Hormuz remained shut amid the escalating Iran–Israel–US conflict. The disruption to a key global oil transit route has sparked fears of a severe supply shock and rising inflation.Read More