Nikhil Khandelwal of Systematix Group, said that while immediate geopolitical shock has been priced in, the full macro impact, especially of higher crude, has not yet been fully reflected in earnings.
Brent crude futures fell 52 cents, or 0.55 per cent, to $94.27 a barrel at 0054 GMT after falling 4.6 per cent in the previous session
S&P Global says crude at $130 per barrel could slow India's growth, widen fiscal deficit, raise inflation and strain corporate and banking sector performance
Rising crude prices and higher under-recoveries are weighing on OMCs, with revised windfall taxes offering limited relief as retail price hikes appear increasingly likely
Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion
Brent futures declined by $1.86, or 1.87 per cent, to $97.50, while US West Texas Intermediate (WTI) crude fell $2.25, or 2.27 per cent, to $96.83 by 0003 GMT
The rupee fell and bond yields rose as crude oil surged above $100, with US-Iran tensions fuelling inflation concerns and pressuring currency and debt markets
Prices for physical crude barrels are trading at significant premiums to futures, with some grades already at record highs of about $150 a barrel
The Sensex touched a low of 75,868, down 1,682 points, or 2 per cent. Likewise, the Nifty 50 hit an intraday low of 23,555, down 495 points, or 2 per cent
Crude oil prices surged above $100 per barrel as escalating tensions in West Asia spooked investors
Crude oil prices topped the $100 per barrel mark after the failure of ceasefire talks between the United States and Iran in Islamabad over the weekend to reach an agreement
India is the world's second-largest fertiliser consumer after China and depends heavily on imports of both raw materials and finished products
Here's how leading market analysts see the road ahead for Indian markets amid the recent developments.
Indian refiners stepped up purchases of Russian oil after the Trump administration granted waivers that are set to expire this month
US West Texas Intermediate crude futures fell $1.30, or 1.3 per cent, to settle at $96.57 a barrel, with a weekly decline of 13.4 per cent, its largest since April 2020
Brent crude futures were up 5 cents, or 0.05 per cent, at $95.97 a barrel by 1150 GMT
Here's how leading brokerages have interpreted the recent developments in West Asia and their likely impact on stock markets and crude oil prices.
As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the Middle East for sourcing oil and gas, ONGC Chairman and CEO Arun Kumar Singh said on Friday. India, which relied on the Middle East to meet nearly half of its crude oil imports, 30 per cent of its gas and 85-90 per cent of LPG, must invest in building strategic storages as an insurance against price and supply disruptions, he said. The six-week long was shut the only shipping lane that was used by the Gulf countries to export crude oil (raw material for making petrol and diesel), natural gas (used to make fertilizer, generate electricity, turn into CNG to power automobiles and piped to household kitchens for cooking) and cooking gas LPG. This led to an energy crisis in several importing countries, including India which had to prioritise supply of gas. "Thinking that
Imports from Russia averaged 1.98 million barrels a day in March, the highest since June 2023, according to data from intelligence firm Kpler
Brent crude futures gained 83 cents, or 0.87 per cent, to $96.75 a barrel as of 0100 GMT