Gold's near-term direction depends on whether June CPI marks the start of a durable disinflation trend or a temporary pullback driven by energy base effects.
Nomura said that elevated crude oil prices are negative for OMCs' marketing margins and CGDs' input costs, while positive for upstream realisations in the near term.
Stocks to watch today: Indian stock market was slated to open on a positive note. On stock-specific front, IT stocks will be in focus after IBM's weak outlook.
For the second straight session, Brent closed at its highest since June 12 and West Texas Intermediate at its highest since June 15 and rose further on early Wednesday trade
The rupee weakened beyond 96 per US dollar while the benchmark 10-year bond yield rose 6 basis points as higher crude oil prices and inflation concerns weighed on markets
Wealth creation opportunities exist across all the cohort of market and investors are recommended to adopt bottom-up stock specific approach, says Baldev Prakash, MD & CEO of SBICAP Securities.
The exit of UAE has certainly loosened the cartels grip over the pricing power and the Cartels kingpin Saudi Arabia, and the UAE, Kuwait, Iraq, and Qatar are fighting an open war to control the market
Oil prices climbed to a four-week high after the US reinstated its blockade of Iranian shipping and both sides intensified attacks around the Strait of Hormuz
Record tanker freight rates, opaque Iranian supply channels and sharply higher discounts on Russian crude have kept Indian refiners reliant on Russia despite the revival of West Asian supplies
At last check, Brent crude was up 4.09 per cent at $79.12 a barrel, while US West Texas Intermediate (WTI) crude rose 4.10 per cent to $74.33 a barrel.
The price of Brent crude, the international standard, gained 3.9 per cent to $78.96 per barrel, while US benchmark crude oil added 4 per cent to $74.26 per barrel
Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz
Today's opinions examine the Nato summit, women's cash transfer schemes, global market risks after the Iran conflict, remote work and Mary Beard's exploration of the classics.
The oil market, Shah of Kotak AMC said, is signalling that supplies could get constrained again, which may lead to another increase in prices. All this will impact how equity markets play out.
The attacks on commercial vessels in the Strait of Hormuz brought maritime traffic to a standstill and reignited concerns over global oil supplies and trade
The rupee recorded its sharpest one-day fall in a month on rising crude oil prices and renewed West Asia tensions, while the benchmark 10-year government bond yield climbed
Recent pullback in crude oil prices from the channel support suggests short-covering, but the prevailing structure continues to reflect lower highs and lower lows, keeping the broader downtrend intact
The sentiment was further hit by a rise in crude oil prices after the US military launched airstrikes against Iran and reimposed crude sales sanctions
Thus far in the calendar year 2026, the stock price of HPCL, BPCL and IOC plunged between 17 per cent and 22 per cent, as against a 8.9 per cent decline in BSE Sensex.
Brent crude futures gained $1.38, or 1.9%, to $75.54 a barrel, and US West Texas Intermediate crude climbed to $71.81 a barrel, up $1.37, or 1.9% at 0128 GMT