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Dow Jones falls over 300 points as oil prices rise amid rising West Asia tensions
Wall Street opened lower as investors grappled with rising oil prices, climbing Treasury yields and escalating US-Iran tensions. The pullback comes after a strong AI-fuelled rally pushed major indices to record highs in the previous session.
BHEL secures ₹2,500-crore Nigeria order for gas turbine generator packages
The total value is in the range of ₹2,000-2,500 crore. The contract covers design, manufacturing, supply up to Mumbai Port, supervision of building and commissioning, and performance guarantee testing of eight gas turbine generator packages. The scope excludes civil work. Shares of Bharat Heavy Electricals Ltd ended at ₹406.10, down by ₹4.85, or 1.18%, on the BSE today, June 3.
Trade Setup for June 4: Nifty continues to make lower lows raising questions on intraday recovery
Market participants will closely track crude oil prices, FII flows, rupee movement and the outcome of the RBI Monetary Policy Committee meeting for further direction.
Wall Street retreats as intensifying Middle East conflict drives oil prices higher
At the open, the Dow Jones Industrial Average fell 86.9 points, or 0.17%, to 51,220.92. The S&P 500 fell 4.5 points, or 0.06%, to 7,605.31, while the Nasdaq Composite dropped 1.1 points, to 27,092.845
US stock markets today (June 3, 2026): Oil nears $100 amid Iran tensions, Wall Street stays close to reco - The Times of India
US stock markets today (June 3, 2026): Oil nears $100 amid Iran tensions, Wall Street stays close to recoThe Times of India
Coal block 'scam': Delhi court discharges Hindalco
A Delhi court has discharged Hindalco Industries and two former executives in a coal block case. The court found no evidence of illegal acts or criminal conspiracy. The Central Bureau of Investigation (CBI) failed to prove criminal breach of trust or cheating. The court stated that the allocation letter did not confer vested rights.
Sensex, Nifty Decline: IT Stocks & Crude Oil Prices Drag Markets - Rediff MoneyWiz
Sensex, Nifty Decline: IT Stocks & Crude Oil Prices Drag MarketsRediff MoneyWiz
US stock market today: Nasdaq, S&P 500 futures steady after record rally; Brent nears $100 a barrel
US stock futures are stable amid Middle East tensions and rising crude oil prices. Uncertainty surrounds US-Iran peace talks as Washington retaliates against Tehran with strikes on Qeshm Island.
Growing geo-political tensions dampen rupee sentiments; US proposes fresh tariff on India
The Indian rupee depreciated 35 paise to close at 95.72 (provisional) against the US dollar on Wednesday, after the US Trade Representative proposed a 12.5 per cent additional duties on Indian imports, citing labour violations. Besides, a strong dollar demand, surging crude oil prices, geopolitical tensions, and relentless foreign capital outflows dented investor sentiment further. At the interbank foreign exchange market, the rupee opened at 95.43 against the US dollar, then touched an intraday low of 95.80 and finally ended the session at 95.72 (provisional), down 35 paise from its previous close. The Indian equity benchmarks closed lower after a volatile session, with the BSE Sensex falling 303.67 points (0.41%) to settle at 74,346.17 and the NSE Nifty 50 dropping 77.95 points (0.33%) to end at 23,405.60.
CBI Gets Custody Of Former Reliance ADAG Executive Amitabh Jhunjhunwala Till June 5
The CBI sought former Reliance ADAG executive Amitabh Jhunjhunwala's custody for detailed investigation.
Benchmarks pare steep losses; Sensex slides 304 points, Nifty ends below 23,450
The domestic equity benchmarks staged a sharp recovery from intraday lows on Wednesday as bargain hunting emerged after the morning selloff. The Nifty, which slipped to an intraday low of 23,151.50, rebounded nearly 250 points and climbed back above the 23,400 mark in late trade. Sentiment improved as investors accumulated beaten-down stocks. However, caution persisted amid uncertainty surrounding U.S.-Iran ceasefire negotiations, which kept global energy markets volatile and crude oil prices elevated. Despite the recovery, the index settled below the 23,450 level, weighed down by weakness in IT and FMCG stocks. Analysts said the Nifty remains technically weak, with immediate support seen at 23,300 and resistance at 23,600.
Capex Is King: Morgan Stanley Bets On Defence, Large-Caps; But Crude Oil Is India's Achilles' Heel
Jonathan Garner, Chief Asia and Emerging Market Equity Strategist