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Indian equity markets experienced a downturn on Thursday, with the Nifty 50 and Sensex falling approximately 1% each. This decline followed renewed geopolitical uncertainty in West Asia, which soured investor sentiment and led to profit booking after a recent rally. Crude oil prices also spiked amid the developing situation.
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U.S. natural gas futures fell to a fresh seven-month low on Wednesday, pressured by a slightly larger-than-expected storage build and forecasts of milder weather and lower demand next week.
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U.S. software shares tumbled on Thursday after Anthropic held ​back the wide release ​of a powerful AI model over concerns it ​could expose hidden cybersecurity vulnerabilities, deepening investor fears about the threat to traditional software firms.
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On Thursday, Indian markets experienced a surge in optimism, buoyed by positive movements in U.S. stocks as diplomatic talks reduced tensions in the Middle East. Key indexes made notable gains, even as crude oil prices experienced some volatility. Economic data indicated a deceleration in growth, putting the spotlight on the Federal Reserve’s potential interest rate increases.
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Securities and Exchange Board of India approved BSE to launch derivatives on its Focused IT Index, tracking 14 major IT firms. The move comes as the index records sharp declines, offering new hedging and trading opportunities for investors.
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