Escalating Israel-Iran tensions sent Indian markets reeling, with the Sensex and Nifty 50 plummeting. Bucking the trend, shipping stocks soared on rising crude prices and container rate expectations. Jubilant Ingrevia rallied after a significant block deal, while defense stocks gained amid conflict concerns. Realty shares and Jubilant Foodworks also saw increases due to sector activity and stake offloading, respectively.
RBI eases restrictions on cash credit accounts, eases current account norms
The Reserve Bank of India has lifted all restrictions on banks opening and maintaining cash credit accounts, offering greater flexibility for short-term working capital loans.