S&P BSE Sensex dropped by over 1,800 points, marking its third largest decline of 2024. This drop follows previous significant falls and is influenced by escalating hostilities between Iran and Israel, along with rising oil prices. Foreign institutional investors also contributed, pulling funds from Indian equities due to concerns over China’s economic stimulus measures.
Gold loan stocks rally after RBI hikes loan-to-value ratio limit and eases small loan norms
Gold loan stocks surged 2–7% after RBI raised the LTV ratio on loans under ₹2.5 lakh to 85%. Simplified norms reduce compliance burden, aiding lenders