Market in red but condom-maker Cupid jumps 15%: Know why Sexual wellness brand Cupid's share price surged by 15% despite a broader stock market decline on Monday. The company announced a bonus issue in a 4:1 ratio, meaning shareholders will receive four additional shares for every existing share they hold as of the record date. The allotment date for the bonus shares is set for Tuesday, March 10. Bonus shares are distributed to existing shareholders at no cost, typically from retained earnings, as a reward for their investment. For example, a shareholder owning 1,000 shares of Cupid would receive 4,000 bonus shares, increasing their total holdings to 5,000 shares. At the time of the report, the stock was trading at ₹90.5, reflecting a 12.5% increase. Meanwhile, major Indian stock indices fell sharply on Monday. The Sensex dropped by nearly 2,400 points to 76,424, while the Nifty 50 declined over 700 points to 23,750. The market downturn was linked to rising crude oil prices, which are expected to strain the South Asian economy. Higher oil costs could impact growth, inflation, and import expenses for the world's third-largest oil importer.#sensex #nifty_50 #crude_oil #cupid #bonus_shares
Wall Street opens lower as Middle East war continues Wall Street opened sharply lower on Monday as tensions in the Middle East escalated, sending crude oil prices above $100 per barrel. JoAnne Feeney, a partner and portfolio manager at Advisors Capital Management, noted that the conflict has created a growing imbalance between supply and demand for oil, a situation she predicts will persist for an extended period due to the disruption of key production facilities. The market's decline reflects investor concerns over the potential for prolonged instability in the region, which has already led to heightened geopolitical risks and uncertainty about global energy markets. Analysts suggest that the situation could further strain already fragile economic conditions, particularly in energy-dependent economies. The surge in oil prices has also raised questions about the broader implications for inflation and global trade, as higher energy costs could ripple through various sectors of the economy. While the immediate focus remains on the conflict's impact on financial markets, the long-term consequences for energy security and economic policy are expected to be significant.#middle_east #wall_street #advisors_capital_management #joanne_feeney #crude_oil
