Dubai and Abu Dhabi stock markets experienced significant drops upon reopening after a two-day closure following Iran’s missile and drone attacks. Major indices saw their steepest declines since May 2022, with blue-chip companies and financial institutions leading the losses. Both exchanges implemented a temporary -5% price limit for securities.Read More
Paras Defence shares surged on Wednesday following a significant announcement. The company has partnered with South Korea’s Green Optics. This collaboration focuses on optics and optical systems for space and defence sectors. The deal aims for joint development and business expansion. Defence stocks are also showing strength amid global tensions. Paras Defence has delivered strong...Read More
Suzlon Energy shares have seen a significant decline, but Motilal Oswal remains bullish, projecting a 61% upside. The brokerage cites the company’s ‘Suzlon 2.0’ vision, including leadership restructuring and the launch of a dedicated project development vertical, DevCo, as key drivers for future growth.Read More
Indian IT shares surged on Wednesday, defying a market downturn. Infosys, TCS, and Wipro saw gains of 2.25%. This rebound follows a sharp correction last month. A weaker Rupee and oversold conditions are boosting IT stocks. Meanwhile, global tensions and rising crude oil prices impacted the broader market.Read More
Walmart-backed PhonePe aims for a $9 billion to $10.5 billion IPO, potentially raising up to $1.05 billion. This valuation marks a decrease from its last private funding round. The fintech giant, facing competition and a low-margin payments landscape, seeks to complete its listing by April, though market conditions could influence the timeline.Read More
Markets are experiencing sharp swings due to strikes on Iran. Investors worry about oil supply disruptions and rising inflation. Oil prices have climbed, impacting stock markets. Global bonds saw initial weakness. Inflation expectations are increasing. The Federal Reserve may delay interest rate cuts. Some see this as a buying opportunity. Markets are watching regional developments...Read More
Escalating Middle East tensions are pushing oil prices higher, significantly impacting India’s beaten-up equities and widening their underperformance against global peers. Analysts warn of further downside for Indian assets due to the country’s heavy reliance on imported energy, potentially driving inflation and weakening the economy and currency.Read More
Nearly 80% of Indian stocks are deep in bear market territory, hidden beneath modest index declines. Small and midcap companies have faced prolonged selling, but fundamentals remain strong. Analysts suggest that, despite geopolitical risks and oil shocks, selective bottom-up stock picking could offer attractive opportunities for long-term investors willing to endure temporary volatility.Read More
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