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Dalal Street this week: US-Iran tensions, crude swings and Q4 earnings to drive markets

Dalal Street will closely watch developments in the US-Iran conflict, crude oil price movements, and the ongoing corporate earnings season for direction this week, analysts said. They added that foreign investor activity will also remain an important factor influencing trading trends. “Geopolitical developments in the US-Iran conflict will remain a key monitorable, given their direct…

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U.S. government’s Intel stake swells to $35 billion, netting $26.5 billion unrealized gain

The U.S. government is holding an unrealized gain of roughly $26.5 billion on its Intel (INTC) stake after the chipmaker’s shares jumped more than 22% in pre-mrket trading on Friday, following a stronger-than-expected first-quarter earnings report. The position stems from an August deal in which the Trump administration converted $8.9 billion in CHIPS Act grants…

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