Asian shares rallied in early trade on Wednesday after hopes grew that the Iran war could end soon.MSCI’s broadest index of Asia-Pacific shares outside Japan rose by 2.7%, while South Korea’s Kospi surged as much as 5.5% and Japan’s Nikkei 225 jumped 3.9%.The gains came after US President Donald Trump said that the United States … Read more
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex rallied in opening trade on Wednesday on hopes of an end to the US-Iran war. While Nifty50 went above 22,800, BSE Sensex was up over 1,600 points. At 9:16 AM, Nifty50 was trading at 22,828.60, up 497 points or 2.23%. BSE Sensex was … Read more
Trump said that Tehran is not required to reach an agreement for the conflict to de-escalate. He is expected to address the nation later in the day with an update on the situation. Global equity and bond markets strengthened on hopes that tensions in the Middle East could ease. “Should geopolitical tensions de-escalate further, then … Read more
MUMBAI: Sammaan Capital, formerly Indiabulls Housing Finance, will pivot to a multi-asset lender spanning personal/gold/MSME loans after its acquisition by Abu Dhabi-based International Holding Company for about Rs 8,850 crore, making it a multinational NBFC.IHC’s affiliate Avenir Investment RSC will take a 41.5% stake via preferential shares/warrants, with scope to cross 63% through a mandatory … Read more
MUMBAI: Gold loans have emerged as the top product in new originations and the second-largest retail credit book in India at Rs 16 lakh crore, trailing only home loans at Rs 44 lakh crore, according to credit bureau TransUnion Cibil, even as consumer durable loans, largely for mobile phones, have become the main entry point … Read more
US consumer confidence rose marginally in March even as fuel prices surged due to the Iran war, highlighting resilience in spending but growing concerns around inflation and economic outlook, according to AP.The Conference Board said its consumer confidence index increased to 91.8 in March from 91 in February, indicating a modest improvement despite rising cost … Read more
Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend … Read more
In a span of just a month, BSE Sensex is down over 9,300 points or 11.48%! (AI image) Blood bath on Dalal Street, foreign investors’ exodus, mass selloff, several lakh crore of investors’ wealth wiped out – these are the headlines that have dominated financial news this month. The US-Israel-Iran war has dealt a massive … Read more
US stock markets moved sharply higher on Tuesday as investors cheered signs of possible de-escalation in the Middle East conflict, even as major indexes remain on track for their steepest monthly declines in years.At 10:05 a.m. ET, the Dow Jones Industrial Average surged 627.92 points, or 1.39%, to 45,844.06. The S&P 500 gained 103.78 points, … Read more
US gasoline prices have crossed $4 per gallon for the first time since 2022, as the ongoing Iran war continues to disrupt global oil supplies and push up fuel costs.According to the American Automobile Association (AAA), the national average price for regular gasoline stood at $4.02 per gallon on Tuesday — more than $1 higher … Read more