Indian stock markets surged on Wednesday, with Sensex and Nifty opening over 0.4% higher. This positive sentiment was driven by reports of Iran submitting a new proposal to cease military operations in the Strait of Hormuz, fueling hopes for a swift resolution to the Middle East conflict. India VIX also saw a decline, indicating reduced market volatility.Read More
Eternal’s shares surged after reporting a 346% YoY net profit jump to Rs 174 crore, driven by a 196% revenue increase. Blinkit’s quick commerce business led growth, with ambitious expansion plans. Analysts maintain positive ratings, citing improving profitability and strong future outlook despite competition.Read More
The ongoing Middle East conflict, now entering its ninth week, has created a notable split within the U.S. fixed-income market, reflecting sharply different investor expectations about inflation, growth, and monetary policy.Read More
Oil prices continued their rally for an eighth consecutive day, driven by reports of a potential extended U.S. blockade of Iranian ports. This move, aimed at pressuring Iran’s economy and oil exports, could prolong supply disruptions from the Middle East. The Strait of Hormuz’s reduced accessibility has already significantly impacted energy supplies, leading to fears of a fresh inflation crisis.Read More
The dollar firmed as investors awaited the Federal Reserve’s rate decision and assessed the impact of the ongoing Middle East conflict. Currencies traded in tight ranges amid thin Asian markets. The yen remained near 160 against the dollar, with traders watching for potential intervention despite the Bank of Japan’s hawkish signals.Read More
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