Page 7 - Crude Oil Price

West Asia situation, crude oil prices likely to steer markets this week

The geopolitical situation in West Asia, particularly developments around the Strait of Hormuz, Q4 earnings from corporates and crude oil prices are the major factors to drive sentiments in the stock market in a holiday-shortened week ahead, analysts said. Stock markets would remain closed on Friday for Maharashtra Day. "Looking ahead, markets are expected to remain highly news-driven and volatile, with key focus on developments in US-Iran negotiations, trends in crude oil prices, and broader global cues. Stability or a decline in oil prices could help ease macro concerns and support risk sentiment, while any escalation or prolonged disruption in the Strait of Hormuz may trigger renewed volatility and profit booking," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The ongoing Q4 earnings season is expected to act as a key catalyst for stock-specific price action, with market participants closely tracking reported numbers, forward guidance, and sectoral

Weekly economy wrap: West Asia shock tests India, demand holds firm

Economy wrap April 20-26: From RBI caution to export resilience and trade tensions, the week showed an economy navigating global risks while leaning on domestic demand

Markets fall on IT sell-off, high crude prices amid Hormuz tensions

Sensex drops 1,000 points as IT stocks slide sharply and crude oil spikes amid Strait of Hormuz uncertainty, while FPIs remain net sellers and brokerages turn cautious

West Asia conflict weighs on RIL's O2C margins despite strong revenue

Higher crude prices and fuel demand lifted revenue, but elevated costs and supply disruptions weighed on margins in Oil-to-Chemicals business

When geopolitics becomes economics: India's moment in a disrupted world

Geoeconomics is no longer a subset of geopolitics; it is fast becoming its primary language

JP Morgan downgrades India to neutral amid earnings woes, lack of AI plays

JP Morgan's 2026 year-end bull / base / bear case targets for the Nifty 50 stand at 30,000 / 27,000 / 20,500 levels, respectively.

Sensex extends losses, falls 1200 pts intraday; Nifty below 23,900: Reasons

The Sensex touched a low of 76,680.75, down 983.253 points, or 1.26 per cent. Likewise, the Nifty 50 hit an intraday low of 23,893.40, down 279.65 points, or 1.15 per cent

Crude outlook: Oil may head toward $112 on supply risks amid West Asia war

The crude oil market remains on a knife-edge. Brent's surge above $105 reflects genuine supply risks from Hormuz disruptions.

Emkay downgrades OMCs as oil prices surge; FY27 earnings may fall up to 60%

Emkay Global has cut ratings on OMC stocks as rising crude and windfall tax may hit margins. The brokerage sees up to 60% decline in FY27 earnings for HPCL, BPCL, IOCL

Asian shares mixed, oil prices advance on stalled US-Iran peace talks

The mixed showing underscored the tense market mood as investors this week seesawed between hope for an imminent end to the war and fear that it might not come soon

Oil rises on concerns over escalating tensions in West Asia; Brent at $106

Both benchmark contracts settled up more than 3 per cent on Thursday and jumped $5 a barrel after reports that air defences were engaging targets over Tehran

RBI net-bought $7.4 bn in Feb, highest since March 2025: Bulletin

During the reported month, the RBI bought $21.4 billion, while it sold $13.99 billion. The central bank had net bought $2.53 billion in January

Rupee drops 0.3% to 94.10, extends 4-day losing streak as oil crosses $100

The rupee closed at 94.1050 against the US dollar, down 0.3 per cent on the day. The currency has declined over 1 per cent so far this the week, pressured by a near 15 per cent rise in crude prices

Auto shares trades weak: M&M, TVS, Ashok Leyland down up to 4%; here's why

The Nifty Auto index has declined nearly 3% in the last two trading sessions amid a fresh spike in Brent oil prices owing to the US-Iran standoff.

Markets crash: Sensex down 823 pts intraday, Nifty at 24,135; key reasons

The Sensex touched a low of 77,693, down 823.43 points, or 1 per cent. Likewise, the Nifty 50 hit an intraday low of 24,134.8, down 243.3 points, or 1 per cent

Rupee slips to 93.80 vs dollar amid oil surge, Asian currency fall

The rupee weakened against the dollar, tracking Asian currencies and firm crude oil prices, amid geopolitical tensions and sustained foreign fund outflows

Riding out the West Asia storm: Testing India's economic resilience

Against this backdrop, the latest IMF's April 2026 World Economic Outlook still marks India out as an outlier of strength. India's FY27 growth forecast has been revised upward to 6.5 per cent

I've turned bullish on the markets after a long time: Andrew Holland

Andrew Holland, head - new asset class, Nippon India Asset Management in a Q&Q with Puneet Wadhwa says that the markets are assuming that the West Asia conflict won't be prolonged.

Oil prices rise on reports of ships being hit in Hormuz, Brent above $100

Brent crude futures were ​up $1.59, or 1.6 per cent, at $100.07 a barrel at 0842 GMT while West Texas Intermediate futures rose $1.51, ‌or 1.7 per cent, to $91.18

Crude outlook: Brent below $100, but risks persist as disruption lingers

The ceasefire has still not seen the normalcy resuming in the Strait, which raises concerns for demand destruction in the coming months as the scarcity has yet to fully materialise.