Nifty Strategy: Indian stock markets have been witnessing sharp losses as escalating geopolitical tensions in Middle East and a surge in crude oil prices triggered widespread risk aversion. Global uncertainty, currency weakness and rising bond yields continued to dampen investor confidence and trigger profit-booking across sectors.
Just in today’s deals,
Oil prices shot higher on Friday morning after US-Iran talks ended in Geneva on Thursday with no deal and the US began ordering evacuations from embassies in the Middle East.
Futures on Brent crude (BZ=F), the international pricing benchmark, jumped by 2.9% to change hands above $72.90,
Well, its been a historic night. Oil futures are now up an incredible 30% from their Friday close.
WTI Crude futures are now trading for $119 per barrel,
» Read more about: Live: Oil Futures Rocket Past $100 Per Barrel as S&P 500 Futures Collapse »
Stock market today: Amid no signs of de-escalation in the US-Iran war, crude oil prices skyrocketed 20% in the early morning session and touched a 52-week high of $111.24 per barrel. Meanwhile, safe-haven assets, gold and silver, today crashed by up to 5%, while Asian stock markets witnessed heavy selling amid rising inflation bets.
Nvidia looks more like a growth stock on the surface.
Valuations have fallen to levels risk-averse investors might consider.
It holds more than $63 billion in liquidity, fostering safety and optionality.
Despite having the world’s largest market cap and being a public company for more than 27 years now,
» Read more about: Why Risk-Averse Investors Should Buy Nvidia Stock »
Stock Market Crash Today LIVE: Indian stock market benchmark indices Sensex and Nifty 50 traded with sharp cuts, tracking a broad sell-off in global markets after crude oil prices surged above $100 per barrel amid escalating tensions in the US-Iran conflict.
Rising geopolitical risks in the Middle East have triggered sharp volatility across commodities and equities worldwide,
Earlier this week, ARK Invest’s Cathie Wood praised AI artist Refik Anadol on social media as the debate over whether artificial intelligence is expanding artistic expression or threatening human creativity is intensifying.
Wood highlighted a post by Turkish-American media artist Anadol,
Radhika Rao – Executive Director and Senior Economist, DBS Bank
The pullback in U.S. equities resulting from the conflict in Iran is creating buy-the-dip opportunities for savvy investors.
There may be the temptation to choose individual sectors or themes, but I don’t think that’s the best way to go.
Buying the entire equity market limits some downside risk and works better with the overall economic growth narrative.
» Read more about: 1 Vanguard ETF I Keep Buying Every Time the Market Dips »
