The Indian stock market correction could deepen, with the benchmark Nifty 50 potentially sliding towards the 21,000 level if crude oil prices stay around $100 per barrel for the next three to four months amid a prolonged US–Iran war, according to Seshadri Sen, Head of Research and Strategist at Emkay Global Financial Services. However, Sen…
Prime Minister Narendra Modi on Tuesday (March 17) spoke on phone to United Arab Emirates (UAE) President Sheikh Mohammed bin Zayed Al Nahyan and wished him Eid in advance. The tension in Western Asia was also discussed between the two leaders. India strongly condemned the attacks on UAE. PM Modi has posted the information about…
Voices of opposition are emerging within America regarding the ongoing war with Iran. Joe Kent, head of the US Counter Terrorism Center, resigned from his post on Tuesday (March 17). He cited the ongoing war with Iran as the reason for his resignation. He said that he cannot support a war against his conscience. Earlier…
US Fed meeting: The US Federal Reserve will begin its two-day Federal Open Market Committee (FOMC) meeting on Tuesday, March 17, with its policy decision due on Wednesday, March 18. This will mark the first meeting of the US central bank since the outbreak of the US-Iran war. The Federal Open Market Committee (FOMC) will…
The closure of the Strait of Hormuz could potentially increase global inflation by about 1–2 percentage points and reduce global GDP by roughly 0.5–1.0 percentage points, believes wealth advisory firm, ASK Private Wealth in its Newsletter. In the equity markets, this scenario is not entirely negative, highlighted ASK Private Wealth. Non-Gulf oil producers (like ExxonMobil,…
Expert View: Avinash Satwalekar, President – Franklin Templeton, Indiain a conversation with minthighlighted that SIP-led goal-based investing is the right way to navigate stock market volatility. While it is normal to get frustrated by the lack of returns by the market, he emphasized that SIPs are made for such periods. Satwalekar also highlighted the thought…
A full-scale war, increased geopolitical risks, sticky inflation, and faltering economic growth—each of these factors is a major driver of gold prices. Together, they can potentially send the yellow metal soaring. Yet, even a confluence of these factors has failed to trigger a sharp upside in gold prices. In fact, the metal is undergoing a…
The war between US-Israel and Iran continues. On Tuesday (March 17), Israel Defense Force claimed to have killed Iranian commander Ghulamreza Sulemani. The Israeli army said that it has killed the head of the Basij unit of the Iranian Revolutionary Guards Forces (IRGS), who had been serving as the commander of the Basij unit for…
Iran’s foreign minister Abbas Araghchi opened up about Iran’s stockpile of nuclear material in a recent interview, saying that Tehran currently did not have access to them. In an interview with cbs newsAraghchi was quizzed about Iran’s 440 kg stockpile of nuclear material, which he clarified was declared by the International Atomic Energy Agency (IAEA)….
Iran Foreign Minister Abbas Araghchi has revealed insider information about a negotiation between Tehran and US over the Middle Eastern country handing over 440 kilograms of enriched uranium 48 hours before the war started. Araghchi’s comments came during an interview with CBS, where he was questioned about him informing interlocutors during a meeting about the…
