Indian stock markets experienced a sharp downturn on Wednesday, with both Sensex and Nifty declining approximately 0.8%. The Sensex dropped over 600 points to below 74,600, while the Nifty 50 fell more than 190 points to slip under 23,450. This decline was influenced by the rupee’s depreciation and other market dampeners, as India VIX saw a 1% rise.
LME approves Adani’s major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper