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Indian government bonds declined as elevated oil prices persisted, with investors concerned about ongoing Middle East tensions. President Trump’s indefinite ceasefire extension with Iran offered little immediate relief, as the US Navy continues to block Iranian maritime trade. This geopolitical uncertainty is impacting India’s bond yields and fiscal outlook.
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Speaking to ET Now, Stephen Innes from SPI Asset Management described the environment as one driven not by peace, but by a temporary pause in escalation.
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Speaking to ET Now, Stephen Innes from SPI Asset Management described the environment as one driven not by peace, but by a temporary pause in escalation.
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HCL Technologies’s weak Q4 triggered a ₹92,000 crore sell-off in IT stocks, dragging peers like Infosys and Tech Mahindra down up to 6% amid sector-wide concerns.
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Shares of Transformers and Rectifiers (India) slumped over 11% on Wednesday after Q4 results showed a dip in consolidated net profit despite strong revenue growth and a large order book. Margin pressures and rising expenses appear to have spooked investors, even as the company announced a dividend and outlined fresh capex plans.
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