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The combined market valuation of five of the top-10 most-valued firms eroded by Rs 1 lakh crore last week, with HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex dipped 30.96 points, or 0.04 per cent, and the NSE Nifty slipped 36.6 points, or 0.15 per cent. "Markets ended the week on a largely flat note with a negative bias, reflecting underlying caution among participants. The tone remained positive during the first three sessions; however, a sharp decline on Thursday erased the gains, followed by a volatile final session," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. While HDFC Bank, ICICI Bank, Tata Consultancy Services (TCS), Bajaj Finance and Hindustan Unilever were the laggards, Reliance Industries, Bharti Airtel, State Bank of India, Infosys, and Life Insurance Corporation of India (LIC) emerged as the winners. The combined market valuation of the five firms eroded by Rs 1,02,771.87 crore. HDFC Bank's valuation tumbled Rs 56,124.48 crore to Rs
President Donald Trump on Saturday said the US will "obliterate" Iranian power plants if it doesn't fully open the Strait of Hormuz within 48 hours. Trump issued the ultimatum in a social media post whole he spent the weekend in Florida. He said he's giving Iran exactly 48 hours to open the vital waterway or face a new round of attacks. He said the US would destroy "various POWER PLANTS, STARTING WITH THE BIGGEST ONE FIRST!" Trump faces increasing pressure to secure the strait as oil prices soar.
At least 47 people were injured on Saturday evening after an Iranian missile struck the southern Israeli town of Dimona -- famous for the dome-shaped structure atop its nuclear centre and popularly known as "little India", rescue services said. Among the injured was a 12-year-old boy in serious condition after being hit by shrapnel, officials from the Magen David Adom (MDA) rescue services and local residents told PTI. A woman in her 30s was moderately hurt by glass shards, and 31 others suffered minor injuries from shrapnel or were hurt after falling over while running to shelters, they said. Some 14 others were treated for acute anxiety at Soroka Hospital in Beersheba. "The missile fell on a community building, and nearby older houses collapsed under the impact. Most of the people were in shelters, so they were not hurt badly, except for the young boy who stayed outside," a local resident told PTI. The Israel Defence Forces (IDF) said it is investigating the failure to intercept
Iran's Natanz nuclear facility was hit Saturday in an airstrike, the official Iranian news agency Mizan reported. There was no radiation leakage, it said. Natanz, Iran's main enrichment site, was hit in the first week of the war and several buildings appeared damaged, according to satellite images. The United Nations' nuclear watchdog said that "no radiological consequence" was expected from that earlier strike. The nuclear facility, located nearly 220 kilometers (135 miles) southeast of Tehran, had been targeted by Israeli airstrikes in the 12-day war between Iran and Israel in June 2025, and by the United States.
India's forex reserves dropped USD 7.052 billion to USD 709.759 billion during the week ended March 13, the RBI said on Friday. In the previous reporting week, the overall reserves had dropped USD 11.683 billion to USD 716.81 billion. The kitty had expanded to an all-time high of USD 725.727 billion during the week ended February 13 this year. For the week ended March 13, foreign currency assets, a major component of the reserves, fell USD 7.678 billion to USD 555.568 billion, the data released by the central bank showed. Expressed in dollar terms, the foreign currency assets include effects of appreciation or depreciation of non-US units, such as the euro, pound, and yen, held in the foreign exchange reserves. Value of gold reserves increased USD 664 million to USD 130.681 billion during the week, the RBI said. The Special Drawing Rights (SDRs) were down USD 23 million to USD 18.697 billion, the apex bank said. India's reserve position with the IMF was also down by USD 15 millio