Stock Market LIVE: Sensex up 400 pts, Nifty nears 22,300; Axis Bank, Bajaj Fin weigh | News on Markets

Closely watched by the world for any escalation, the Iran-Israel conflict is already showing early signs of stress for India Inc — longer deliveries, doubling freight rates, extended working capital cycles, and higher costs.

For those yet to feel the heat, there is growing apprehension and nervousness over future developments, observed industry executives. Read more

 

India’s rupee and government bonds will move this week based on developments in the Middle East crisis as well as a key US inflation gauge that will impact the interest rate outlook.

The rupee dropped to a record low of 83.5750 to the US dollar on Friday amid worries over a wider conflict in the Middle East and expectations that US interest rates are likely to remain higher for longer. Read more

Benchmark equity indices in India recorded sharp losses last week in the backdrop of rising geopolitical crisis, mainly the Iran-Israel escalation and fears of a prolonged period of higher interest rates in the US.

The S&P BSE Sensex tested the 71,000-mark, while the Nifty plunged below the 22,000-mark amid the sell-off, before recouping some losses on Friday. Eventually, the benchmark stock market indices ended with losses of around 1.7 per cent in the week ended April 19. Read more

Indian stock markets could see a correction after the results of the 2024 Lok Sabha elections are out, suggests the latest report by global research and brokerage firm Bernstein.

“Somewhere in this noise of news studio debates,” the Bernstein report said, “we seem to be losing track of ground realities in many states”. Gujarat and Rajasthan, for instance, face agitation from different communities. While Punjab and Haryana are seeing farmer unrest, the arrest of Delhi Chief Minister Arvind Kejriwal is making waves in the capital, the report said. Read more