Indian stocks and the rupee experienced a significant decline on Wednesday. This market downturn followed fresh US strikes on Iran and rising oil prices. The country’s volatility index surged, reflecting increased trader risk perception. Bond yields climbed the most in over three months, while the rupee ended as the continent’s worst performer. Analysts suggest market reactions to geopolitical events are often short-lived.
FACT, Paradeep Phosphates, RCF, other fertiliser stocks rally up to 13%. Here’s why
Shares of fertiliser companies rallied up to 13% on Tuesday after Russian President Vladimir Putin assured India of uninterrupted fertiliser supplies amid the West Asia