Page 12 - Crude Oil Prices
Waning demand for LIC IPO highlights fiscal challenges for PM Modi
Life Insurance Corporation of India's board on Saturday approved selling a 3.5% stake for about Rs 210 billion ($2.8 billion), far lower than the Rs 500 billion estimated before Russia invaded Ukraine
 "Waning demand for LIC IPO highlights fiscal challenges for PM Modi")
Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out
The MCX Crude Oil futures may seek support around the 50-DMA at Rs 7,716; while the bias for Natural Gas is likely to remain bullish as long as it sustains above Rs 525.
 "Bias positive for MCX Crude Oil, Natural Gas: Key levels to watch out")
Markets not fully pricing in possibility of higher inflation: Analysts
India's March wholesale price index-based inflation (WPI) surged to 14.55 per cent on rising edible oil prices and increase in power prices. WPI inflation in February stood at 13.11 per cent.
 "Markets not fully pricing in possibility of higher inflation: Analysts")
Oil prices rise on supply concerns as Russia-Ukraine crisis deepens
Brent futures were up $1.50, or 1.3%, at $113.20 a barrel at 0030 GMT, and U.S. West Texas Intermediate futures rose 98 cents, or 0.9%, to $107.93 a barrel
 "Oil prices rise on supply concerns as Russia-Ukraine crisis deepens")
Top headlines: TCS Q4 net profit rises 7%; Shehbaz Sharif new Pak PM
Shehbaz Sharif, the Pakistan Muslim League-Nawaz (PML-N) president, was elected unopposed as the new Prime Minister of Pakistan by Parliament on Monday
 "Top headlines: TCS Q4 net profit rises 7%; Shehbaz Sharif new Pak PM")
Oil drops below $100 on reserves release and China lockdowns
IEA members to release 60 mn barrels over 6 months; US producers added 13 oil rigs in week to April 8
 "Oil drops below $100 on reserves release and China lockdowns")
Amid record high prices, are industrial metals the new oil in India?
Data providers such as Reliance Jio, Airtel and large tech startups such as Flipkart, Paytm have yet to earn big profits, while metal giants are becoming important in an emerging low-carbon world
 "Amid record high prices, are industrial metals the new oil in India?")
Indian Oil to raise petrol, diesel prices by 80 paise per litre from Friday
A litre of petrol will cost Rs 97.81 rupees while diesel will be sold at Rs 89.07 in Delhi
 "Indian Oil to raise petrol, diesel prices by 80 paise per litre from Friday")
Foreign investors likely to return to Indian equities soon: Chris Wood
Foreign portfolio investors exited India in droves and have sold stocks since October 2021 amid fears of an earlier and faster-than-expected rate hike by the US Federal Reserve (US Fed)
 "Foreign investors likely to return to Indian equities soon: Chris Wood")
India's exports rise 25% YoY in February; trade deficit at $20.8 billion
Trade deficit was $15.1 billion in February last year and at $17.42 billion a month ago
 "India's exports rise 25% YoY in February; trade deficit at $20.8 billion")
Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide
CLOSING BELL: Sectorally, the Nifty Pharma index was the best performing index, rising 2.5 per cent on the NSE. The Nifty Auto index, on the other hand, slipped 0.4 per cent
 "Sensex adds 86 pts; GNFC, JK Paper surge 12% each, auto stocks slide")
World shares rise, oil falls 13% as UAE supports OPEC hiking output
Global stock markets rallied on Wednesday and oil prices fell by more than 12% as Ukraine and Russia looked to resume diplomatic talks and UAE supports hiking oil output to ease chaos in energy market
 "World shares rise, oil falls 13% as UAE supports OPEC hiking output")
Soaring crude oil prices continue to dampen investor sentiment
Analysts said oil prices would overshadow the election results of five states, due on Thursday
 "Soaring crude oil prices continue to dampen investor sentiment")
Credit Suisse downgrades India to underweight on soaring crude oil prices
Brent crude of $120 a barrel, Credit Suisse estimates, could add $60 billion to India's import bill. Price rises for gas, coal, edible oils and fertilisers could add another $35 billion.
 "Credit Suisse downgrades India to underweight on soaring crude oil prices")
Western ban on oil imports will double price to $300 a barrel: Russia
A Western ban on Russian oil imports may more than double the price to $300 a barrel and prompt the closure of the main gas pipeline to Germany, Moscow warned on Monday
 "Western ban on oil imports will double price to $300 a barrel: Russia")
Tracking historical trends: How crude oil prices, stock valuations seesaw
A sharp rise in crude oil prices also affects the markets through its adverse effects on the exchange rate
Spike in crude oil prices takes away the gloss from paint companies' shares
Margins could be badly impacted, while weak demand across segments could disrupt top lines
 "Spike in crude oil prices takes away the gloss from paint companies' shares")
Oil surges past $110/bbl, stocks rebound as Fed tightening fears ebb
Gold prices slipped on improving sentiment and U.S. Treasury yields rose from eight-week lows as investors weighed how aggressively the Federal Reserve might raise interest rates
Top headlines: India abstains on UN resolution, rupee-ruble trade likely
The government may get a lever to cut excise duties on petrol and diesel to ease the burden of rising global crude prices on the common man. More on that in our top headlines.
 "Top headlines: India abstains on UN resolution, rupee-ruble trade likely")
Ukraine crisis: Crude price may stay around $100 for 3 months, says CAPA
Bad news for airlines as fuel accounts for 40% of expenses. On Tuesday, OMCs hiked ATF price by 8.7% to Rs 93,530.6 a kilolitre. On a year-on-year basis ATF is up by 57%