Market

Stock market indices Sensex and Nifty surge on global rally and oil price drop, hinting at West Asia de-escalation. Source

Rahul Chadha, Founder & CIO of Shikhara Investment, said that in a world marked by de-globalisation and policy uncertainty, gold serves as a good hedge, particularly given the continued weakness of the US dollar. Source

Markets rebounded on global rally and oil price drop, but gains trimmed on ceasefire concerns and geopolitical tensions. Source

The BSE’s 30-share Sensex opened at 79,921.13, down 299.59 points, or 0.37 per cent, compared to the previous close of 80,220.72. This the first time since August 16, that the index has opened below the 80,000-level. Source

Rupee gains 75 paise against dollar on positive market sentiments and falling crude oil prices amid ceasefire hopes. Source

Indian equity indices decline; FPI outflows, weak earnings impact sentiment Source

Sensex and Nifty surge amid global rally, easing Middle East tensions, with major gainers and laggards in Indian markets. Source

Aurobindo Pharma’s shares rose nearly 3% after its subsidiary, Eugia Pharma, received USFDA approval to market Dasatinib Tablets for leukaemia treatment. Source

Rupee strengthens against U.S. dollar amid hopes of Israel-Iran ceasefire, but global oil prices and FII outflows limit gains. Source

Royal Enfield is a dominant player in India’s premium motorcycle market with a 6.9% market share. Its market share in the 125+cc segment is close to 30 percent, nearly 1,000 basis points higher than its closest competitor. Source