Despite global headwinds, consumption trends held up, banking and household financial activity remained steady
Rupee hits fresh low, nears $94 a $
Prices gradually pared some losses after the steep initial slide after Iran's Tasnim news agency reported that no talks were under way between the US and Iran
Crude oil prices rose sharply by Rs 359 to Rs 9,617 per barrel on Monday, marking their fourth straight session of gains in futures trade amid escalating geopolitical tensions in West Asia and supply concerns. On the Multi Commodity Exchange, crude oil for the April contract climbed Rs 359, or nearly 4 per cent, to Rs 9,617 per barrel. The May-delivery increased by Rs 436, or nearly 5 per cent, to hit a lifetime high of Rs 9,407 per barrel on the commodities bourse. Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route. In the international market, West Texas Intermediate (WTI) crude for the May contract gained USD 3.27, or 3.33 per cent, to USD 101.50 per barrel, while Brent Crude for the same month delivery rose USD 2.89, or 2.72 per cent, to USD 109.30 per barrel in New York. According to analysts, market sentiment remained firm after US President Dona
Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. "Bond yields are rising in response to crude oil prices climbing above USD 110 amid escalating tensions between the US-Israel and Iran. Foreign institutional investors who were net buyers of government bonds in January and February, have also turned net sellers in March," said Mataprasad Pandey, vice-president at Arete Capital (Choice Group). He added that higher crude prices are not only fuelling inflation concerns but also putting pressure on India's trade and current account balances, which is a big negative for the already depreciating rupee moving towards 94. "These factors not only dampe
Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note
The damaged LNG trains represent a structural hole in global supply that no amount of diplomatic goodwill can close before the 2026-27 winter
Brent crude futures dropped 8 cents to $112.11 a barrel by 2324 GMT after settling at the highest since July 2022 on Friday
As the Strait of Hormuz disruption deepens, India faces rising inflation, supply shocks, and fiscal strain, with markets yet to fully price in the risks
Iran warned it would attack US-linked infrastructure, including energy and desalination facilities in the Gulf, if Trump carried out his threat
The prevailing valuations of Nifty of 17.5x one-year forward earnings are reasonable and have room for some rerating apart from returns driven by nearly 12 per cent earnings CAGR over the medium-term.
Benchmark Brent prices slipped to around $105 per barrel on Friday, from the highs of $119 a day earlier
Markets recover after sharp fall but rising crude prices and geopolitical tensions keep investors cautious, limiting gains despite strong intraday rebound
System adds hundreds of millions of dollars to India's fuel import bill; ministry aware
Brent futures fell $1.24, or 1.1 per cent, to $107.41 a barrel as of 0148 GMT, while US West Texas Intermediate (WTI) crude fell $1.24, or 1.3 per cent, to $94.90
Crude oil prices declined by Rs 190 to Rs 8,808 per barrel in futures trade on Friday as traders weighed the prospects of additional Iranian supply despite lingering geopolitical tensions in West Asia. On the Multi Commodity Exchange, crude oil for the April delivery ended its three-day rally, declining by Rs 190, or 2.11 per cent, to Rs 8,808 per barrel in a business turnover of 18,781 lots. Analysts said the fall in oil prices was driven by hopes of softening geopolitical risk premium following indications of a more pragmatic approach by the US towards Iranian crude supplies. In the overseas trade, West Texas Intermediate (WTI) futures for May delivery fell USD 1.85, or nearly 2 per cent, to USD 93.70 per barrel, while Brent Oil for the same month contract slipped 0.34 per cent to trade at USD 108.28 per barrel in New York. The dip in crude prices, now around USD 107 per barrel for Brent against a peak of USD 119, reflects a 'relief valve' moment, though tensions remain high, Aam
Apollo Tyres, CEAT, Balkrishna Industries share prices could fall up to 24% from current levels, cautions technical analysts Kunal Shah of Mirae Asset Sharekhan.
US crude prices surged above $100 a barrel after Politico reported the US will not implement an export ban
Policymakers will need to rely on both internal and external shock absorbers to guide the economy to its new equilibrium
Rising crude oil prices amid tensions in West Asia could affect inflation and the RBI's rate trajectory. Borrowers may consider locking in home loan rates before the financial year ends