Indian markets close sharply higher amid easing geopolitical tensions
Market

Indian markets close sharply higher amid easing geopolitical tensions

The benchmark indices rebounded on Tuesday, recouping all of previous day’s losses, on reports of de-escalation of tensions between Russia and Ukraine. The news came as much-needed relief to equity markets which were rattled after a massive mobilisation of the Russian army around Ukrainian borders led to fears of an invasion and a standoff between the US and Russia. The […]

Indian markets close sharply higher amid easing geopolitical tensions
Market

Bank, NBFC shares rally as RBI surprises with a dovish monetary policy

Shares of banks and non-bank lenders went on the fast lane after the Reserve Bank of India’s Monetary Policy Committee retained the key rates unchanged and maintained its accommodative stance on February 10, contrary to expectations of some economists. The central bank’s projection of a decline in inflation in the second half of the next […]

Amazon surges with record $190 billion gain
Companies

Amazon surges with record $190 billion gain in value, shares jump 13.5%

A day after Facebook owner Meta Platforms suffered the deepest loss of stock market value in history for a U.S. company, Amazon logged the greatest ever one-day increase in value. Shares of the online retail and cloud computing giant surged 13.5% on Friday following its blowout quarterly report, expanding its market capitalization by around $190 billion by […]