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Oil slides below $95 as Iran–Israel halt attacks; Brent near $94 per barrel amid West Asia tension Source link

Asian equities advanced on Tuesday, June 9, recovering from their sharpest decline since March, as easing tensions in West Asia and a rebound in artificial intelligence-linked stocks lifted investor sentiment. South Korea’s Kospi jumped 4.4%, extending its position as one of the world’s best-performing major equity benchmarks this year, while Japan’s Nikkei 225 gained 0.9%….

South Korea’s economy grew at a faster pace at the beginning of the year than first anticipated, supporting the central bank’s increasingly hawkish attitude. This comes as company activity is boosted by an export boom driven by artificial intelligence, Bloomberg reported. According to Bank of Korea figures issued on Tuesday, the GDP grew 1.8% between…

Sensex Today | Stock Market LIVE Updates: For the bulls, holding on to 23,000 on the downside for the Nifty will be key to preventing the index from declining further to levels of 22,700. On the upside, the index will first aim to cross the 23,250 – 23,300 zone before attempting to retest the 23,500…

Stocks to Watch Today, June 9: Indian shares are likely to see stock-specific action on Tuesday as investors react to a series of corporate developments. Vedanta will be in focus after rebranding its copper and nickel businesses, while Rail Vikas Nigam and DEE Development Engineers secured fresh project orders. NLC India may draw attention after…

India’s decision to remove withholding and capital gains tax hurdles for foreign investors in government bonds could significantly improve the country’s appeal to global investors and strengthen its case for inclusion in the Bloomberg Global Aggregate Bond Index, according to former SEBI Whole-Time Member Ananth Narayan and ICICI Prudential Mutual Fund CIO S Naren. Speaking…

The $75 billion SpaceX IPO, is well oversubscribed, with multiple institutional investors placing orders for shares worth $10 billion or more, Bloomberg reported on Tuesday, June 9, citing people with knowledge of the matter. SpaceX is looking to offer 555.6 million shares to investors at a fixed price of $135 apiece, looking to raise $75…

OpenAI, the maker of ChatGPT has confidentially filed papers for an Initial Public Offering (IPO) on Monday, June 8, joining its Artificial Intelligence (AI) rivals to seek public money to fund its growth plans. In a statement released on Monday, OpenAI said that it has filed IPO papers with the Securities and Exchange Commission (US…

The Nifty Bank was the one reason that the Nifty losses were kept in check during the whole of last week. The index managed to outperform the Nifty and also managed to close above the crucial 20-Day Moving Average. However, Monday reversed it all. Over the last five trading sessions, the index has been locked…

Samir Arora, Founder and Fund Manager at Helios Capital, revealed on Monday (June 8) that he sold units of an exchange-traded fund that tracks semiconductor stocks on Friday, just before the market opened. What followed was a massive sell-off, particularly in Eternal, dragging the Nasdaq down 4% by the end of trade. “All offshore ETF…