Oil prices dropped significantly as President Trump indicated Iran was engaged in serious talks with Washington, signaling a de-escalation of tensions. This news eased geopolitical risk premiums that had previously driven prices to multi-month highs. OPEC+ also agreed to maintain its current oil output levels for March.
Mcap of 8 of top-10 firms erodes by Rs 1.55L cr
Recently, the market witnessed a downturn, with eight of the leading firms in India suffering major valuation losses. The declines of HDFC Bank and Bajaj