Indian stock markets experienced a significant downturn on Friday. Geopolitical tensions between the US and Iran, a weakening rupee, and widespread selling in financial stocks contributed to the decline. Auto and energy sectors also saw major losses.
U.S. markets closed lower as chip stocks declined on concerns the AI-driven rally may be overstretched. Losses in Micron and other semiconductor firms weighed on
The Reserve Bank of India is set to hold an overnight variable rate repo auction on July 8, offering Rs 25,000 crore. This auction aims
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