Iran Financial News

Even as global geopolitical worries, rising bond yields, soaring crude oil rates and fading hopes of rate cut by central banks are keeping Sensex and Nifty under pressure, there are enough stock-specific opportunities in the market. Rupak De, Senior Technical Analyst at LKP Securitieslists out three top picks for the week — ICICI Bank, Samvardhana Motherson and DLF.

Israel demonstrated its military dominance over adversary Iran in its apparent precision strikes that hit near military and nuclear targets deep in the heart of the country, meeting little significant challenge from Iran's defences and providing the world with new insights into both militaries' capabilities. The international community, Israel and Iran all signalled hopes that Friday's airstrikes would end what has been a dangerous 19-day run of strikes and counterstrikes, a highly public test between two deep rivals that had previously stopped short of most direct confrontation. The move into open fighting began April 1 with the suspected Israeli killing of Iranian generals at an Iranian diplomatic compound in Syria. That prompted Iran's retaliatory barrage last weekend of more than 300 missiles and drones that the US, Israel and regional and international partners helped bat down without significant damage in Israel. And then came Friday's apparent Israeli strike. As all sides took stock, regional security experts predicted that Prime Minister Benjamin Netanyahu's far-right government and the country's allies would emerge encouraged by the Israeli military's superior performance. In response to international appeals, however, both Israel and Iran had appeared to be holding back their full military force throughout the more than two weeks of hostilities, aiming to send messages rather than escalate to a full-scale war.

Bajaj Finance, Tech Mahindra, Nestle India, HCL Technologies, Maruti Suzuki, and others are set to unveil their quarterly performances. Additionally, India's purchasing managers indices (PMI) figures will be unveiled on the macroeconomic front.

Ethereum was all set to pump thanks to Hong Kong’s spot ETH approval. However, it was cut short due to the tension surrounding the Iran-Israel conflict. Experts still believe that once the smoke blows away, Ethereum will pump in value as the news of its spot approval goes viral. 

Iran, woke to the sound of explosions rattling the windows and shaking the ground. In Tehran, Iran, passengers about to board flights were abruptly told the airspace was closed. Israel, they soon learned, had attacked Iran. As booms and gunfire went off in the distance, Mehrdad, 43, came to realize that the Israelis' target was a military base on the outskirts of the city. He and his pregnant wife remained fearful that war would break out, he said in an interview by phone.

security force that includes Iran-backed groups. The force commander said it was an attack while the army said it was investigating and there were no warplanes in the sky at the time. Two security sources had said earlier that an airstrike caused the blast, which killed a member of Iraq's Popular Mobilization Forces (PMF) and wounded eight others at Kalso military base about 50 km (30 miles) south of Baghdad. In a statement, the PMF said its chief of staff Abdul Aziz al-Mohammedawi had visited the location and «reviewed the details of the investigative committees present in the place that was attacked».

Top news of April 20: Elon Musk's planned visit to India and the intense politics around it amid Lok Sabha elections 2024, the optimistic quarterly results for HDFC Bank and US sanctions on Pakistan's missile program were some of the top news that grabbed headlines on Saturday. At a time when India is in the midst of Lok Sabha election and extreme tensions are going on in one part of the world, no one can afford to miss the the major headlines of the day. 1.

Ukraine, Israel and Taiwan, over bitter objections from Republican hardliners. The legislation now proceeds to the Democratic-majority Senate, which passed a similar measure more than two months ago. U.S. leaders from Democratic President Joe Biden to top Senate Republican Mitch McConnell had been urging embattled Republican House Speaker Mike Johnson to bring it up for a vote.

Israel attacked Iran in a continuing series of assaults that have increased concerns of a wider Middle East conflict. As of 10:36 am IST, Bitcoin was trading 0.9% higher at $62,200. Meanwhile, Solana (3.8%), Toncoin (13%), Chainlink (1%), and Internet Computer (4.3%) were also trading higher.

edged lower amid excessive volatility and lost over one and a half per cent, tracking feeble global cues. The tone was negative from the beginning, which further deteriorated with a decline in world indices however rebound on Friday trimmed some losses. Benchmark indices Nifty 50 and Sensex, settled at 22,147 and 73,088.33 levels respectively.

Israel ended with relief Friday after Tehran declared it had defeated what it said was a small attack on its territory by Israeli drones. But while the strike, which Israel didn’t officially claim, avoided touching off fresh escalation for now, there was no escaping that the tit-for-tat exchange ushered in a new era where the two adversaries look more willing to fight each other directly rather than through proxies. And that, government officials and experts fear, could lead to open war.

According to the data with the depositories, Foreign Portfolio Investors (FPIs) made a net outflow of Rs 5,254 crore in Indian equities this month (till April 19).

Bengaluru rains: Light showers bring relief to city amid heat wave conditions “Thunderstorm with lightning accompanied by gusty winds with wind speed reaching 30-40 kmph likely at isolated places over the state on April 19 to April 21," the weather report added. And other cities of Karnataka may experience wet spells till April 23. However, despite the rainfall, there won't be a significant change in the maximum temperature.

Baghdad: Iraqi authorities said Saturday that they were investigating an explosion that struck a base belonging to the Popular Mobilization Forces, a coalition of Iran-allied militias, killing one person and injuring eight. Militia officials had initially described the explosion at the Kalsu military base north of Babylon — a former US base that was handed over to the Iraqi military in 2011 — as an airstrike, blaming it on US forces. The US Central Command denied in a statement that it had carried out any airstrikes in Iraq.

Buy or sell stocks: Following weak global market sentiments on rising fears of the Iran-Israel war, the Indian stock market snapped its four-week winning streak. The Nifty 50 index ended 1.65 percent lower in the week gone by at the 22,147 mark, the BSE Sensex logged a weekly loss of 1.56 percent and finished at 73,088 level while the Bank Nifty index lost 2.65 percent last week and closed at 47,574 mark. In the broad market, the small-cap index finished 1.73 percent lower last week whereas the mid-cap index corrected over 3 percent in the truncated week.

Bitcoin’s latest price dip to under $60,000 has raised questions as to whether the asset’s spectacular bull run this year could be ending earlier than expected.

Catch all the LIVE Updates on Iran-Israel war hereUS Secretary of Defence Lloyd Austin held talks with Israeli counterpart Yoav Gallant and discussed efforts to maintain regional stability and the latest developments in Gaza. The readout from Pentagon Press Secretary Major General Pat Ryder reads, "Secretary of Defense Lloyd J Austin III spoke with Israeli Minister of Defense Yoav Gallant today to discuss efforts to maintain regional stability, the latest developments in Gaza, and measures to accelerate humanitarian assistance to civilians in Gaza." This comes a day after reports claimed that Israel carried out strikes in Iran.

NBC News. Follow Iran-Israel war LIVE Updates here He added that Iran was not planning to respond unless Israel launches a significant attack. "As long as there is no new adventurism by Israel against our interests, then we are not going to have any new reactions," Amirabdollahian was quoted as saying.

Gold rate today: Amid rising geo-political tension in the Middle East region on the rising fears of the Iran-Israel war, gold prices continue to scale high for the sixth week in a row. Interestingly, gold and silver prices have risen on the safe-haven demand despite rising US dollar rates. As gold and silver rates today are surging, the US dollar index is also scaling northward.

Israel has rehearsed, time and again, bombing and missile campaigns that would take out Iran's nuclear production capability, much of it based around the city of Isfahan and the Natanz nuclear enrichment complex 75 miles to the north.

Bitcoin falls 8% in five days; here are 4 reasons behind the plunge The halving refers to an alteration in the foundational blockchain technology of Bitcoin, aimed at decreasing the pace of generating new bitcoins. Since its creation by the pseudonymous figure Satoshi Nakamoto, Bitcoin has been structured to possess a finite supply of 21 million tokens. This marks the fourth halving event in Bitcoin's history.