Rupee falls amidst gulf tensions and rising oil prices
The Indian rupee weakened against the US dollar on Wednesday. This decline was driven by escalating tensions in the Gulf region and a subsequent rise in oil prices. The rupee touched 95.70 against the dollar. Higher oil prices impacted the currency. Peace talks between Tehran and Washington showed little progress. The government is finalizing measures […]
IT stocks snap three-day rally, plunge over 5% in sharpest fall in nearly four months
Indian IT stocks experienced their steepest single-day fall in nearly four months, plunging over 5% as concerns about AI’s impact on revenue streams resurfaced. The Nifty IT index slumped, dragging the broader market lower, with analysts citing immense pressure and uncertainty driving liquidation. While the sector’s recovery is questioned, significant further downside is not anticipated.
Brokers prepare rollout of algo trading tools for retail investors
Major brokers are set to launch algorithmic trading tools for retail investors in the coming months, following enhanced regulatory clarity. This move aims to expand broker revenue streams and help fintech firms scale by offering accessible algo strategies, potentially for as low as ₹5,000 per strategy.