BSE Sensex and NSE Nifty 50 tanked more than 2 per cent in the morning trade on Monday. After a few hours into the trade indices recovered from the day’s lows and were down 1.4 per cent. In the noon deals, BSE Sensex was ruling 800 points or 1.4 per cent down at 58,034, and the NSE Nifty 50 was trading at 17,326, down 230 points 1.3 per cent. So far in the trade today, HCL Tech hit a new 52-week low of Rs 875.65, below the previous low of Rs 877.25 touched in July this year. While no stock …
By Royce Vargheese Joseph WTI Crude oil futures ended the previous week 2.9% higher and closed at $93.06 per bbl, as investors weighed on uncertain supply levels from Iran and OPEC against the outlook of lower energy demand. Earlier in the week, Saudi Energy Minister bin Salman flagged the possibility that OPEC+ nations could cut production to counter the ‘disconnect’ in the oil market and potential return of crude exports from Iran. Within 48 hours of comments from Saudi Arabian Energy Minister, fellow members Iraq, Algeria, Kuwait, Equatorial Guinea and Venezuela released statements expressing their support. Also read: Petrol, Diesel …