Indian shares rise for a third day as Omicron fears recede
The Hindu
Investors add information technology, energy stocks on bets of higher earnings
Shares rose for a third straight session on Thursday, led by gains in information technology and energy stocks on improved investor sentiment after a study showed Omicron’s risk was lower compared with the Delta coronavirus variant.
The NSE Nifty 50 index edged up 0.69% to 17,072.60 and the benchmark S&P BSE Sensex gained 0.68% to close at 57,315.28.
The rupee declines 20 paise to 93.73 against the dollar as global oil prices rise and investor uncertainty persists.
Siemens said on Monday that the Iran war has led to customers holding back on new investments as prices increase for raw materials and energy.
OpenAI said its close ties with Microsoft could be a potential risk to its business, telling investors that the software company is responsible for “a substantial portion of our financing and compute,” CNBC reported
LPG crisis: Alternative solutions are being considered, with ammonia cylinders being increasingly used for industrial applications amid delays in commercial LPG deliveries.
India monitors U.S. military pause on Iran as oil prices dip; External Affairs Minister engages with GCC nations for support.
India monitors U.S.-Iran tensions as Trump pauses attacks, leading to a significant drop in oil prices.
Union Minister Ashwini Vaishnaw launches three initiatives to enhance India's creative economy through AI training, citizen platforms, and advanced tech access.
Two Indian-flagged LPG tankers approach the Strait of Hormuz, navigating safely amidst regional tensions to reach Indian ports.
Gold and silver prices plummet over 7% due to West Asia tensions, inflation fears, and a stronger dollar.
Asian shares fall as rising oil prices and escalating Iran conflict diminish hopes for U.S. interest rate cuts.
Japan's SoftBank Group said Saturday it plans to build a huge new gas-fired power plant in the US state of Ohio
Silver prices plunge 9% to ₹2.06 lakh per kg in futures trade amid weak global cues and rising macroeconomic pressures.
OpenAI plans to nearly double its workforce to 8,000 from 4,500 by the end of 2026, the Financial Times reported on Saturday, citing two people with knowledge