The Daily PulseBusiness
Indian stock markets fall as oil prices rise and investors book profits
Reported by Ananya Das (Senior Writer) · Economic Times - Markets ·
Reported by one source so far
Representative image · PexelsIndian share markets dropped over two trading days due to profit booking and higher oil prices. The Nifty 50 index fell by 95.75 points to close at 22,620.45.
Business Updates
Jio Financial Services and Allianz Europe B.V. put money into their joint venture to fund business operations. Tech firm Infosys grew its partnership with ABN AMRO to work on artificial intelligence projects.
Stocks in Focus
Shares of Infosys, Jio Financial Services, IRFC, NCC, Blue Dart, and several other companies are expected to stay in focus on Thursday.
Context
Stock markets often react quickly when oil prices go up because India imports most of its crude oil. When oil costs more, it puts pressure on the economy and company profits, leading investors to sell shares.
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Reported by Siddharth Deshmukh (Staff Writer) · Economic Times - Markets ·
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Sebi has revamped its Document Number Verification System, making a letter's subject matter a mandatory field for authentication of regulatory letters.
Reported by Danish Ansari (Fact-Checker) · Economic Times - Markets ·
