Nifty50 slipped below 16,000-mark on Monday. Is there more pain in store for the markets or should you use the fall to buy? Business Standard spoke to market experts to know their investment strategy
Business Standard brings you the top headlines on Monday
Brent, WTI jump to highest since 2008; US, European allies discuss banning imports of Russian oil
The price of oil jumped about USD 10 a barrel and shares were sharply lower Monday as the conflict in Ukraine deepened amid mounting calls for harsher sanctions against Russia. Brent crude oil surged more than 12 per cent during the day in Asia, while benchmark US crude gained about USD 10 at more than USD 125 a barrel. The latest market turmoil followed a warning from Russian President Vladimir Putin that Ukrainian statehood was imperiled as Russian forces battered strategic locations. A temporary cease-fire in two Ukrainian cities failed over the weekend and both sides blamed each other. France's CAC 40 dipped 3.6 per cent in early trading to 5,841.82, while Germany's DAX lost nearly 4.1 per cent to 12,564.78. Britain's FTSE 100 dropped 2.0 per cent to 6,848.87. U.S. shares were set to drift lower with Dow futures down 1.6 per cent at 33,048.00. S&P 500 futures fell 1.7 per cent to 4,252.00. The price of gold, which is viewed as an investor safe haven in times of crisis, ...
On the NSE, the Nifty50 index touched an intra-day low of 15,711 before settling at 15,863, down 382 points or 2.35 per cent
The price of Brent crude oil went over $130 per barrel in the early hours of Monday, surpassing the top 2012 mark of over $128.
Crude oil prices shot above USD 120 a barrel for the first time in nine years on Thursday before retreating a little to USD 111 on Friday, but the gulf between cost and retail rates has only widened
Global stocks fell and oil prices rose on signs of an escalation in the Russia-Ukraine conflict after reports of a fire at a Ukrainian nuclear power plant after an attack by Russian troops
Despite the market turmoil, the Organization of Petroleum Exporting Countries and its allies are sitting on the sidelines
Analyst says Iran deal can't replace Russia disruptions; OPEC and its allies have snubbed calls to accelerate output rises
Spot palladium, used by automakers in catalytic converters to curb emissions, jumped 4.1% to $2,778.48 by 1030 GMT, rising for a fourth session to hit its highest since mid-June 2021
Business Standard brings you the top headlines on Thursday
The gains followed the latest round of US sanctions on Russia's oil refining sector that raised concerns that Russian oil and gas exports could be targeted next
Brent crude oil price soared past $118 a barrel on Thursday, the highest level in nine years, as escalated Russia-Ukraine conflict and tightened sanctions on Moscow by western countries
In India, MCX crude futures for March 21 delivery hit an all-time high of $8,274 a barrel.
Brent crude futures rose by more than $8, touching a peak of $113.02 a barrel, the highest since June 2014, before easing to $111.53, up by $6.56 or 6.3% by 0950 GMT
Oil prices surged, with Brent crude touching $113.02 - its highest since 2014 - and U.S. crude coming close to passing its 2013 peak
Lower supplies as well as hostilities between Russia and Ukraine pushed Brent crude oil price to nearly an 8-year high on Wednesday.
Crude oil was trading around $104 a barrel on Tuesday as some buyers shunned Russian barrels after Western allies imposed sanctions on Moscow
For India, the price range is a cause of concern as it may add Rs 8 to Rs 10 in petrol and diesel selling prices, if the OMCs decide to revise the current prices