Bajaj Finance shares have plunged over 20% in a month, eroding more than Rs 1 lakh crore in market value amid escalating Iran-US tensions. Rising oil prices, inflation concerns and macroeconomic risks flagged by Moody’s have weighed on sentiment, dragging financial stocks lower and keeping investors cautious amid ongoing geopolitical uncertainty.
Rupee weakness likely to persist as oil prices stay elevated: Anindya Banerjee
The Indian rupee is at a critical point, falling past 93 against the US dollar. Crude oil prices and foreign investor outflows are pressuring the