Markets endured a brutal session on Wednesday as escalating hostilities under “Operation Epic Fury” involving the United States, Israel, and Iran triggered a broad risk-off selloff, driving the rupee to…
Category: Market
West Asia war oil shock drives up currency hedging cost for Indian importers
The surge in oil prices from the intensifying Middle East war is making it costlier for Indian importers to hedge currency exposure, with higher rupee volatility and rising forward premiums…
SEDEMAC Mechatronics IPO: Issue receives tepid response on Day 01, subscribed 0.27 times
SEDEMAC Mechatronics IPO in focus: The initial public offering (IPO) of SEDEMAC Mechatronics, an auto ancillary company, which opened for subscription today, March 04, received a modest response from investors.…
Raging West Asia war casts gloom on gems, jewellery exports
The ongoing war in West Asia and the disruptions on global shipments will have a major impact on exports from India, as the sector grapples with delays in cargo movements…
Rupee hits record low of 92.41 against dollar as West Asia conflict sparks oil surge
MUMBAI: The Indian rupee tumbled to a record low of 92.41 against the US dollar on Wednesday, battered by a sharp rise in crude oil prices and a surge in…
Rupee slumps to all-time low of 92.16 against US dollar
The rupee slumped 67 paise to close at an all-time low of 92.16 against US dollar on Wednesday, weighed down by spiking crude oil prices in the wake of the…
Stock market today: From Swiggy, IRFC to RVNL— More than 700 stocks hit 52-week lows on BSE amid stock market crash
The Indian stock market ended with deep cuts on Wednesday, March 4, on concerns over a US-Iran war, crude oil price hike, foreign capital outflow, and the rupee’s fall to…
Striders Impex IPO allotment date likely today. GMP, steps to check share allotment status online for SME IPO
Striders Impex IPO Allotment: The initial public offering (IPO) of Striders Impex Ltd saw muted demand during its subscription period. The focus now shifts towards Striders Impex IPO allotment date…
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losers
The sell-off in the Indian stock market deepened further in Wednesday’s session, with key benchmarks falling over 1.5% as investors fled risky assets amid the ongoing conflict in the Middle…
Sugar stocks: Avadh Sugar, Balrampur Chini Mills, Bajaj Hindusthan Sugar jump up to 13% as crude rally boosts ethanol hopes
Sugar stocks rallied up to 13 per cent on Wednesday, defying a broader market slump, as rising crude oil prices fuelled optimism over improved ethanol profitability for sugar mills. select…