India and Canada took a step towards strengthening their economic ties on Monday, as Prime Minister Narendra Modi and Canadian PM Mark J Carney agreed to pursue a trade-led partnership to boost bilateral trade to $50 billion by 2030 and speed up negotiations on a Comprehensive Economic Partnership Agreement (CEPA). The two leaders held bilateral […]
Middle East conflict drags down tourism, aviation shares: IndiGo falls almost 7%, Ixigo down 14%
Aviation and travel stocks were struggling with sharp sell-offs on Monday after Middle East conflict intensified and regional air traffic was disrupted. Shares of InterGlobe Aviation, which operates IndiGo, along with SpiceJet, Ixigo and Easy Trip Planners, dropped by up to 13.5% as multiple countries shut their airspace following US and Israeli strikes on Iran. […]
Defence stocks surge on Middle East tensions! HAL, BEL, Paras Defence rise up to 13% even as stock market crashes
Defence stocks (AI image) Defence stocks today: Contrary to the crash in Nifty50 and BSE Sensex, defence stocks on Monday moved up in trade as rising Middle East tensions brought focus back on them. Shares of defence companies such as Hindustan Aeronautics, Bharat Dynamics, BEL and Paras Defence surged by as much as 13.5% as […]
Gold price prediction today: How will gold prices react this week to Middle East tensions? Key levels to watch out
Gold price prediction (AI image) Gold price prediction today: Rising tensions in the Middle East and developments around US, Israel and Iran are expected to keep gold prices volatile this week, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd. Last week, gold and silver rallied to over three-week highs amid […]
Stock market crash today: Nifty50 goes below 24,900; BSE Sensex down over 1,000 points on Middle East tensions
Stock market today (AI image) Stock market crash today: Nifty50 and BSE Sensex crashed in opening trade on Monday amidst rising Middle East tensions and global market turmoil, with impact on crude oil prices and trade in focus. While Nifty50 went below 24,900, BSE Sensex was done over 1,000 points. At 11:04 AM, Nifty50 was […]
Asian stocks today: Nikkei crashes 900 points, HSI down over 2%; markets trade in red amid Iran-Israel tensions
Asian stock markets began March in red, as investors reacted to increased to increasing tensions in the Middle East and stronger than expected US inflation data. Japan’s Nikkei 225 fell sharply, losing over 2%, before easing to a 1.5% drop at 57,947, shedding over 900 points by 9:15. In Hong Kong, Hang Seng declined 1.7% […]
Middle East tensions: Gold prices jump 2% on Iran conflict; India braces for diamond supply crunch
Gold began March on a strong note after the US and Israel carried out major strikes on Iran that killed Tehran’s Supreme leader Ayatollah Ali Khamenei. As geopolitical tensions continue to intensify and fears of economic instability gain ground, spot gold jumped 1.72% to $5,368.09 an ounce by 0010 GMT, reaching its highest level in […]
Crude spikes 10% to near $80/barrel; Opec producers increase output
NEW DELHI: Brent crude jumped 10% to about $80 a barrel in over-the-counter trade Sunday, reflecting growing anxiety over potential supply disruptions through the Strait of Hormuz, a critical energy chokepoint for India and much of Asia. Amid the supply fears, OPEC producers met Sunday and decided to increase crude output in a phased manner […]
Oil prices surge 10% as US-Israel strikes on Iran rattle global markets
Oil prices surged by as much as 10 per cent as markets opened in Asia, after US and Israeli strikes on Iran heightened fears of a wider conflict in the Middle East and potential disruption to global energy supplies.Brent crude and Nymex light sweet crude both leapt sharply in early trading on Monday, before easing […]
UAE stock markets close, trading halted by Abu Dhabi Securities Exchange and the Dubai Financial Market for two days amid Iran–US–Israel war fallout
UAE Stock Markets Closed: Regional Conflict Halts Trading on ADX and DFM In an unprecedented economic response to escalating regional conflict, the United Arab Emirates has announced that its two major financial markets, the Abu Dhabi Securities Exchange (ADX) and the Dubai Financial Market (DFM), will remain closed on Monday, March 2 and Tuesday, March […]