Business updates

Business updates

India Manufacturing PMI hits four-month high in February but export growth cools

India's Manufacturing PMI rose to 56.9 in February from January's 55.4, but undershot a preliminary estimate of 57.5. A PMI above 50 signals expansion.>

Sensex down 2,743 points, Nifty 50 well below 25,000 as Iran war ignites stock market

India VIX has spiked, indicating that investors are unwilling to take fresh bets on Sensex, Nifty 50 amid acute uncertainty stemming from the Iran war.>

Stock Market LIVE: Sensex, Nifty 50 smarting from Iran war, India VIX spikes

Stock Market LIVE: Follow this live blog for real-time updates on Sensex and Nifty 50, rupee vs dollar, crude oil prices and expert analysis through the trading day.>

MCX Gold, silver rate today LIVE updates: 24-k gold rate in Delhi at ₹1,73,370 per 10 gm

MCX Gold, silver rate today LIVE updates: In global markets, gold prices rose on Monday as geopolitical tensions rose amidst the ongoing conflict in the Middle East. Spot gold was up 1% at $5,329.39 an ounce, as of 0201 GMT, Reuters reported.>

Rupee falls to one-month low vs US dollar as Iran war jolts markets

A surge in crude oil prices, due to closure of the Strait of  Hormuz amid the Iran war, presents a compounding risk for the rupee.>

Three crude oil tankers attacked in Strait of Hormuz as Iran war spreads

Tehran says it doesn't intend to shut the Strait of Hormuz but digital signals indicate that oil-tanker traffic may have all-but halted due to the Iran war.>

Three more semiconductor plants to start operations by this year end: Vaishnaw

Vaishnaw’s announcement comes a day after PM Modi inaugurated the US-based Micron’s ATMP facility in Sanand>

Crude oil prices jump 10% on Iran war, spike to $100/barrel seems certain

Middle East leaders have warned Washington that the Iran war could lead to oil prices jumping to more than $100 a barrel.>

Sensex, Nifty 50 set for gap-down open as Iran war delivers crude shock for India

Every $1 increase in crude oil prices raises India’s annual import bill by $2 billion. That then has a domino effect on the wider economy and the stock market.>

Hedge funds, banks rethink presence in Dubai, Abu Dhabi amid escalating Iran war

JPMorgan to Citigroup have instructed employees in Dubai and Abu Dhabi to work from home or take shelter away from military targets amid the Iran war.>

Credits : HTimes