Topic
2020
Commodities Bombay High Court Dismisses Petitions Against MCX Negative Crude Oil Futures Settlement in 2020
The Bombay High Court dismissed over 20 petitions challenging the Multi Commodity Exchange's (MCX) decision to settle its April 2020 crude oil futures contracts at a negative price of ₹2,884 per barrel, following the historic NYMEX settlement. The bench upheld MCX's circular, ruling that petitioners were bound by the contract specifications linking settlement to NYMEX prices.
Technology Semiconductor stocks lose $1.3 trillion in worst week since 2020 amid chip rout and external shocks
Semiconductor stocks suffered their worst week since 2020, erasing $1.3 trillion in market cap. While triggered by Broadcom's softer AI chip guidance, external factors including a strong US jobs report, renewed US-Iran conflict, and upcoming mega-IPOs from SpaceX, Anthropic, and OpenAI compounded the decline. Chip demand remains strong but investor skittishness may affect AI infrastructure financing.