US stock markets tumbled on Monday as a sharp spike in oil prices following the Middle East conflict rattled investors and raised fears about the resilience of the global economy.The S&P 500 fell 1.3%, coming off its worst week since October. The Dow Jones Industrial Average dropped 721 points, or 1.5%, to 9:35 a.m. Eastern…
Benchmark equity indices Sensex and Nifty ended sharply lower on Monday, as surging crude oil prices and weak global cues triggered a broad-based sell-off amid escalating tensions in Middle East.The 30-share BSE Sensex plunged 1,352.74 points, or 1.71%, to settle at 77,566.16, marking its second straight day of decline. During the session, the index had…
Lower office rentals are helping Navi Mumbai emerge as a preferred destination for multinational companies and global capability centres (GCCs), with rents in the city about 21% below the average of major Tier-I markets, according to a report by real estate data analytics firm CRE Matrix.The report, ‘Navi Mumbai Rising: A Comprehensive Perspective on India’s…
The rupee slumped to a record closing low of 92.35 (provisional) against the US dollar on Monday, losing 53 paise during the session amid a sharp spike in global crude oil prices and a strengthening US currency as tensions escalated in the Middle East, reported new agency PTI.Forex traders said heavy foreign fund outflows and…
Stock market today: Benchmark indices ended sharply lower on Monday with the Nifty 50 closing at 24,005.80, down 444.65 points (1.82%), while the BSE Sensex settled at 77,494.34, declining 1,424.55 points (1.81%) on broad-based selling, and Middle East conflict. This follows a weak close on Dalal Street last week, when eight of the ten most…
India is focused on securing its energy supplies and protecting its citizens, as the Middle East conflict continues to escalate. Speaking in the Rajya Sabha on Monday, external affairs minister S Jaishankar said that national interest, including energy security will always be top priority and that the government is committed to ensure “that it takes…
As the Middle East war continues to cast a shadow over energy supplies, G-7 nations are considering to jointly release strategic oil reserves. According to a report by Financial Times, finance ministers of the Group of Seven are set to discuss a potential joint release of strategic emergency reserves, on Monday, in a bid to…
Oil markets skyrocketed beyond the $100 mark on Monday as Middle East conflict continues to intensify, fueling fears about energy supplies disruption and shipping routes across the region. Brent crude, the global benchmark, climbed past $118 a barrel. US benchmark West Texas Intermediate followed a similar trajectory as the light, sweet crude grade jumped 30%…
Asian stocks opened sharply lower on Monday, weighed down by surging oil prices and concerns over economies reliant on energy imports from the Middle East. South Korea’s Kospi emerged as the hardest hit, tumbling over 7.8% or 437 points to 5,147. Nikkei plunged 6.6% or 3,683 points to 51, 937. Around 11 am IST, HSI…
Rupee came under sharp pressure in early trade on Monday, slipping close to its record intra-day low as surging crude oil prices and a stronger US dollar weighed on the domestic currency amid escalating tensions in the Middle East. The slide in the rupee followed a sharp spike in global oil prices. Brent crude, the…