Crude oil prices rose amid heightened geopolitical risk as Iran conducted naval exercises near a key shipping corridor ahead of US talks. Asian stocks saw modest gains with light trading volumes, while investors awaited economic data. The US dollar fluctuated as traders anticipated Federal Reserve rate cuts.
BofA cuts India’s Nifty 50 earnings forecast as stagflation fears rise
BofA Securities has significantly lowered its earnings growth forecast for Nifty 50 companies to 8.5% for FY27, citing rising stagflation risks and potential impact of