Following a prolonged surge fuelled by heavy investment in AI chips and data centres, these stocks have faced selling pressure in recent weeks amid concerns that valuations had become stretched.
Before the conflict escalated, the Strait of Hormuz, located between Iran and Oman, served as the principal transit route for nearly one-fifth of the world’s energy supplies.
The FAA is updating aviation rules to encourage new technologies. It supports air taxis and supersonic passenger flights with new regulations. Pilot programs are preparing for the safe integration of electric air taxis. Companies are developing charging infrastructure for electric aircraft operations. The agency also aims to expand drone use and commercial space launches.
Iran-backed Yemeni group, the Houthis, have threatened a maritime blockade on Saudi Arabia. What this essentially means is that Saudi Arabia’s crude oil exports are set to be hit. And India which gets a big portion of its crude imports from the Middle East country.
Indian households now spend more on experiences and lifestyle choices. Average monthly spending has risen across both rural and urban areas. Food now constitutes a smaller portion of household expenditure. Easy credit options enable more accessible purchases and lifestyle upgrades. Despite increased spending, financial security remains a significant concern for many.
SBI Funds Management made a strong debut on Dalal Street today, listing at a premium of around 7% over its IPO price. The stock opened at Rs 610 on the BSE, which is a gain of 6.27% from the issue price of Rs 574, while it listed at Rs 613.30 on the NSE.
In a note dated July 20, Goldman Sachs analysts said, “Escalation in the Middle East and the decline in estimated Persian Gulf flows to below 45% of pre-war levels have pushed oil prices back up.”
Gold price prediction today: Gold prices continue to be under pressure and downside risks remain, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.
Canadian Prime Minister Carney stated new US tariffs violate the CUSMA trade agreement. He affirmed continued government support for Canadian workers and businesses. These tariffs target Canadian exports like vehicles and dairy products. Canada has proposed detailed solutions and remains open to negotiations. The nation will take necessary measures to strengthen its domestic economy.
