Billionaire Gautam Adani-led Adani Group stocks were all in red on Tuesday with an intra-day decline of up to 8 per cent in case of Adani Green and Adani Transmission amid a very volatile stock market session.
The lockdown in Shanghai has impacted global supply lines leading to shortage of critical components for industries such as computers and electronics. The problem has been further exacerbated by the Covid-19 related restriction which have been extended to places like Kunshan near China’s second-largest city, and which serves as important component manufacturing hubs.
Homegrown automaker Tata Motors has managed to dethrone South Korean automotive brand Hyundai and has become the best-selling sport utility vehicle (SUV) maker in India in FY22.
Snapping its two-day losing streak, the rupee appreciated 12 paise to end at 77.32 (provisional) against the US dollar on Tuesday, supported by a rebound in regional currencies and a fall in crude oil prices. (Source: PTI)
After the announcement of a rate hike by India's central bank led to home loans getting expensive and is expected to have an impact on the real estate sector, realtors say that the volatility in the stock market will push investors to real estate.
Sri Lanka has been rocked by violent protests against the ruling Rajapaksa family amid worsening economic crisis. At least 200 people have been injured whereas 8 people have lost their lives due to the violence in central Colombo.
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