Stock Market Today LIVE: Sensex opens 600 pts lower, Nifty below 23,500 amid prolonged US-Iran conflict, crude oil rally
Stock Market Today LIVE: The Indian stock market extended losses on Friday, March 13, following heavy selling in the global equities, as worries over the prolonged US-Iran war and the surge in crude oil prices continue to push investors away from risky assets.
Sensex crashed as much as 820.63 points or over 1% to its day’s low of 75,213.79 while Nifty also shed 224 points or 0.94% to intra-day low of 23,415.25.
Read MoreUnderstanding Value Funds: Comprehensive Strategy Guide
Key Takeaways
- A value fund invests in stocks perceived as undervalued based on fundamental characteristics.
- Value investing contrasts with growth investing, which targets emerging companies with high growth potential.
- Value funds focus on stocks believed to be priced below their intrinsic value.
- Investors choose value funds aiming for long-term capital appreciation.
» Read more about: Understanding Value Funds: Comprehensive Strategy Guide »
Read MoreNTPC Green, KPI Green Energy shares extend gains; check target prices & key support levels
Shares of NTPC Green Energy Ltd and KPI Green Energy Ltd continued to advance in Friday’s trade, with investor interest seen in renewable energy counters. At last check, NTPC Green was up 6.43 per cent at Rs 103.89, while KPI Green jumped 5.36 per cent to trade at Rs 416.
Aluminum Fluctuates as Iran War Continues to Disrupt Trade Flows
Aluminum rose on supply disruptions triggered by the war in the Middle East, with offer prices in Japan climbing to an 11-year high.
Three-month futures on the London Metal Exchange rose Wednesday to settle at the highest price since April 2022. That came after the conflict forced production cuts at key aluminum smelters in the Middle East,
» Read more about: Aluminum Fluctuates as Iran War Continues to Disrupt Trade Flows »
Read MorePowell called these 13 lawmakers as DOJ opened criminal probe
In the week after the Department of Justice (DOJ) opened a criminal probe into Federal Reserve Chair Jerome Powell, the central bank head called 13 lawmakers.
The calls, listed on Powell’s public calendar for January, were all 10 to 15 minutes in length. The Fed chair spoke with lawmakers from both chambers of Congress and from both sides of the aisle.
» Read more about: Powell called these 13 lawmakers as DOJ opened criminal probe »
Read MoreThe Burst
Billionaire Sells Major AI Stock
Over three decades, Druckenmiller compounded capital at roughly 30% a year without a single losing year, a record I am not sure is matched by anyone, anywhere Buffett included. So what’s this investing maestro doing now?
In the third quarter, Druckenmiller exited Broadcom entirely, a company that is a tollroad in the chip wars of AI.
» Read more about: Billionaire Sells Major AI Stock »
Read MoreThe Ivy
Warren Buffett’s Final Warning Shot
At Berkshire Hathaway, cash has swelled to levels that dwarf the market capitalizations of many household-name companies. Estimates put the pile near $400 billion, much of it parked in short-dated U.S. Treasuries.
Berkshire didn’t wake up one morning and decide to sit on mountains of cash. The buildup has been gradual,
» Read more about: Warren Buffett’s Final Warning Shot »
Read MoreThe Spotlight
Wall Street Gave Up, The Business Didn’t
Most people still think of Docusign as a digital signature tool. That’s a mistake, and it’s exactly the gap management is trying to exploit.
Over the last year, Docusign has rolled out its Intelligent Agreement Management platform, which aims to solve a much bigger and more expensive problem: what happens after a contract is signed.
» Read more about: Wall Street Gave Up, The Business Didn’t »