Stock market today: Nifty50 opens below 24,000, Sensex tumbles over 2,400 points as oil surges past $100 amid Iran war

Stock market began the week in red with Nifty trading below 24,000 and Sensex tumbling over 2,000 points as the Middle East conflict continues to intensify. As of 9:27 am, NSE Nifty50 was trading 23,703.60, down 746.85 points or 3.05%. BSE Sensex plunged 2,415.69 points or 3.06% to trade at 76,503.21. This follows a weak…

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Jerome Powell says Fed has limited scope to counter energy price rise; flags inflation risks

Federal Reserve Chair Jerome Powell on Monday said the central bank is closely monitoring inflation risks arising from the spike in energy prices due to the Iran war, but cautioned that there is limited scope for policy intervention in such supply-driven shocks.Speaking at Harvard University before nearly 400 students, Powell said energy shocks typically tend…

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FASTag verification drive: NHAI orders vehicle registration numbers validation by banks; mismatches may face blacklisting

The government on Wednesday has directed FASTag issuer banks to immediately verify vehicle registration numbers (VRNs) linked to tags to improve data accuracy in the tolling system.“In order to enhance the accuracy and reliability of data in the Electronic Toll Collection (ETC) system, National Highway Authority of India (NHAI) has issued directions to all FASTag…

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Gold braces for volatile week as Middle East tensions escalate: Analysts | India Business News

After witnessing sharp swings last week, gold prices are expected to remain volatile in the coming days as investors track escalating tensions in the Middle East and key global economic data releases, analysts said on Sunday.Market participants are likely to track developments in the conflict involving Israel and Iran, as any escalation could support safe-haven…

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