Asian stock markets traded mixed on Tuesday as investors assessed the latest escalation in US economic pressure on Iran, while oil prices remained relatively stable after a sharp decline in the previous session. Market participants were also looking ahead to several potentially significant economic and corporate developments in the United States later this week. The...
Indian benchmark equity indices ended lower on Monday, August 17, as persistent concerns over elevated crude oil prices and geopolitical tensions continued to weigh on investor sentiment. The decline extended the Nifty 50’s losing run to five consecutive sessions, while the Sensex also closed in negative territory after a volatile trading session. The BSE Sensex...
The Securities Appellate Tribunal (SAT) has granted interim relief to Zee Entertainment Enterprises Ltd (ZEEL), allowing the company and its managing director and chief executive officer, Punit Goenka, to proceed with a proposed preferential issue of fully convertible warrants worth around ₹3,100 crore. The decision provides a crucial window for the company to complete a...
Indian benchmark equity indices opened lower on Tuesday as elevated crude oil prices and renewed geopolitical uncertainty weighed on investor sentiment. The Sensex and Nifty came under pressure in early trading, with investors adopting a cautious approach amid concerns over developments surrounding the Strait of Hormuz and uncertainty over negotiations between the United States and...
Amazon has achieved a major milestone in the global technology industry by entering the exclusive $3 trillion market capitalisation club, marking another significant moment in the company’s growth journey. The surge in its valuation has been largely driven by increasing investor confidence in artificial intelligence (AI), cloud computing expansion, and the strong performance of its...
Indian equity markets opened sharply higher on Wednesday, July 29, as renewed buying interest pushed the benchmark indices significantly upward in early trading. The Sensex surged nearly 700 points during the opening phase, while the Nifty also advanced by more than 200 points, signalling a strong start to the trading session. The rally was supported...
Apple briefly crossed a market capitalisation of $5 trillion during trading on Tuesday, marking a historic milestone for the technology giant and making it only the second publicly traded company to reach the valuation level. The company’s shares climbed to an intraday high of $342.89, pushing its market value to approximately $5.036 trillion before the...
Indian equity markets opened lower on Thursday as a sharp rise in international crude oil prices and renewed concerns over escalating tensions in West Asia weakened investor sentiment and increased risk aversion. The benchmark indices came under pressure in early trading, with the BSE Sensex falling 230.95 points, or around 0.30 per cent, to 76,521.02....
Axis Bank has begun the new financial year on a strong note, reporting a significant increase in its first-quarter earnings. The private sector lender posted a 23% year-on-year rise in consolidated net profit, reaching ₹7,114 crore for the quarter ended June 30. The strong financial performance reflects healthy business expansion, steady credit growth, disciplined cost...
Global financial markets experienced heightened volatility as renewed military tensions involving the United States and Iran pushed crude oil prices higher while weighing heavily on technology stocks. Investors reacted cautiously to the latest developments in the Middle East, fearing potential disruptions to global energy supplies and a prolonged period of geopolitical instability. The renewed conflict...