Followers

Wednesday, June 3, 2026

Tech stocks slide on AI fears, oil gives Dalal Street a headache

Persian Gulf tensions pushed crude prices near $100, weakening the rupee and causing the Sensex to plunge over 1,100 points mid-session. Despite initial losses, banking stocks rallied, aiding a partial recovery, while IT stocks crashed due to AI disruption fears. Foreign funds saw significant outflows.

from Business News Today: Stock Markets, Financial News, India Business & World Business News https://ift.tt/i6txLPu

No comments:

Post a Comment

July GST collections up 15.4% to Rs 2.1 L cr on higher imports

Goods and Services Tax collections rose 15.4 percent to Rs 2,11,205 crore in July. This increase was largely due to a 29 percent jump in int...