On the Nifty Midcap 100, Hindustan Petroleum stock was the top loser, down 4.35 per cent at ₹334.35 per cent
Iran strikes energy sites, including a key LNG hub in Qatar, as tensions rise across West Asia; oil prices climb past $111. Here are the top updates at 9 am (IST)
Shares retreated Thursday in Asia after stocks on Wall Street slumped as oil prices spiked at more than USD 110 a barrel. US stocks also sagged due to a report that said inflation was primed to worsen even before the war with Iran sent oil and gas prices spiking. That, and comments from the head of the Federal Reserve, led investors to expect there's less chance of getting the lower interest rates that they love. Tokyo's Nikkei 225 fell 2.5 per cent to 53,875.94 and the Kospi in South Korea lost 1.3 per cent to 5,845.62. In Hong Kong, the Hang Seng slipped 0.2 per cent to 25,725.77, while the Shanghai Composite index shed 0.9 per to 4,027.73. Australia's S&P/ASX 200 lost 8,504.20 and Taiwan's Taiex fell 1.2 per cent. Brent crude, the international standard, was trading at USD 111.24 a barrel, up 3.6 per cent from a day earlier. US benchmark crude oil gained 0.8 per cent to USD 96.80 a barrel. On Wednesday, the S&P 500 fell 1.4 per cent and flipped to a loss for the week so ...
Global markets were down over 1% in Thursday's early trade amid escalating West Asia tensions, and fresh spike in crude oil prices. GIFT Nifty hints at a near 500-point gap-down start for the Nifty.
Given that the last 18 months have been weak in terms of valuations, earnings and technical trends, the outlook for the next 18 months is becoming attractive, he said.
For OMCs, analysts suggest the fall in stock prices reflects, to some extent, the pain on account of higher crude oil prices that surged past the $100 a barrel (bbl) mark
Crude oil above $100 a barrel threatens to widen India's CAD, stoke inflation, and strain key sectors, even as upstream firms gain and downstream players face margin pressures
Emkay Global warns of a 10-per cent downside in Nifty as Iran war volatility keeps crude oil above $100 per barrel. It has picked HDFC Bank, Eternal, and Max Healthcare as top stocks to buy now.
Rising crude prices and unchanged retail fuel rates could squeeze marketing margins of oil marketing companies and trigger further rating downgrades if the Iran conflict persists
The research and broking house sees up to 10 - 15 per cent risk to consensus earnings estimates for FY27F in case oil prices remain at elevated levels.
On the Multi Commodity Exchange (MCX), crude oil for March delivery increased by ₹119, or 1.31 per cent, to ₹9,171 per barrel in a business turnover of 12,745 lots
Crude oil above $110 could become a "breaking point" for India, forcing fuel price hikes and pressuring government finances, says Elara Capital. Notably, oil prices hit $106 per barrel on Monday
Sobha, Anant Raj, Prestige Estates Projects, Oberoi Realty, Signature Global and Lodha Developers were down in the range of 4 per cent to 6 per cent on the NSE in intra-day trade on Monday.
Fars News Agency reported that more than 15 explosions shook the island, sending thick pillars of smoke into the sky
The rupee fell to a fresh intraday low of 92.48 against the dollar on Friday as rising crude oil prices and global risk aversion amid West Asia tensions pressured the local currency
Benchmark indices tumbled as crude prices surged amid escalating tensions in West Asia, triggering heavy FPI outflows and wiping out over Rs 10 trillion in investor wealth
Closure of the Strait of Hormuz, the lifeline for global oil and gas transit, also remains closed. As a result, crude oil and gas prices have been on an upward spiral in the last few days.
An India-flagged oil tanker moved out from the east of the Strait of Hormuz carrying gasoline bound for Africa, an Indian government official said on Friday
Going ahead, analysts expect natural gas prices to stay elevated in the backdrop of developments in West Asia. In March alone, prices of natural gas have climbed 16 per cent to $3.277/MMBtu
Though Zomato and Swiggy are not witnessing any fall in volumes; however, they may see short-term demand pressure from LPG-dependent restaurants, analysts cautioned