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D-St set for a positive opening as GIFT Nifty signals firm start
Indian markets experienced widespread selling on Wednesday, with the Nifty declining significantly. Global risk sentiment deteriorated following US President Donald Trump's comments on Iran. Asian markets also traded lower, reflecting the weak global backdrop. The Indian Rupee tanked against the US dollar as oil prices rose. Foreign and domestic investors showed net buying activity in equities.
Oil Prices On July 9: Brent Crude Nears $80 As US Strikes Iran Again; Hormuz Risks Return
Brent crude rose as much as 1.4% to above $79 a barrel after surging more than 5% in the previous session. West Texas Intermediate traded near $74, taking oil's gains over the past two sessions to more than 6%.
Rupee, stocks reel as Trump signals end of Iran truce
Indian stocks and the rupee experienced a significant decline on Wednesday. This market downturn followed fresh US strikes on Iran and rising oil prices. The country's volatility index surged, reflecting increased trader risk perception. Bond yields climbed the most in over three months, while the rupee ended as the continent's worst performer. Analysts suggest market reactions to geopolitical events are often short-lived.
Proposals invited for coal gasification projects
The coal ministry has invited applications for a ₹37,500 crore scheme. This initiative promotes surface coal and lignite gasification projects across India. The government aims to convert domestic coal into higher-value fuels and chemicals. Eligible developers can receive financial support for commercial-scale projects. Applications are due by September 7, with a pre-application conference on July 20.
Govt Seeks Proposals For Coal Gasification Projects Under Rs 37,500-Crore Incentive Scheme
The signing of the project agreement will take place on January 4, 2027, the coal ministry said.
Govt seeks proposals for coal gasification projects under Rs 37,500-cr incentive scheme
The incentive, launched in May this year, is aimed at promoting surface coal/lignite gasification for the production of syngas and downstream value-added products such as synthetic natural gas (SNG), urea, ammonium nitrate, methanol, DME and other chemicals, thereby enhancing the country's energy security, reducing import dependence, and facilitating utilisation of domestic coal and lignite resources.
Market Pulse: Key triggers to watch before the July 9 trading session
With US President Donald Trump declaring the ceasefire with Iran over, fears of renewed conflict have pushed oil prices sharply higher and rattled global markets. A sustained rise in crude prices could weigh on Indian equities, with oil marketing companies, aviation firms and other oil-dependent sectors likely to remain in focus. The sharp sell-off on Wall Street adds to the cautious mood, while investors will also keep a close watch on Tata Consultancy Services' first-quarter earnings which may influence sentiment in the IT sector.
Russia bans diesel exports to ensure domestic supply after targeted Ukrainian drone strikes
Russia has banned diesel exports to support its domestic fuel market. This action follows Ukrainian drone attacks on oil refineries causing shortages. Drivers are experiencing long queues at filling stations across many regions. The export ban will remain in place until the end of July. Russia plans to begin importing fuel during the month of July.
Brent Breaches $80 A Barrel Even As Trump Says Oil Prices 'Will Come Down Very Big'
Brent futures peaked to $80.06 a barrel, up about 8%.
Sensex, Nifty post steepest fall in over three months as oil prices surge
Indian equities posted their biggest decline in over three months as escalating US-Iran tensions lifted crude oil prices, triggering concerns over inflation and economic stability
'Stolen Cards, Automated Accounts, Deep Fakes': How Cybercriminals Use AI To Circulate Child Abuse Material
Cybercriminals actively test moderation systems to figure out how they can slip past them.
Nalco, NLCIL sign JV pact to set up 1,080 MW captive power plant in Odisha
National Aluminium Company and NLC India have signed a joint venture agreement. They will jointly establish a 1,080 MW thermal captive power plant in Odisha. This new plant will supply essential power to Nalco's aluminium smelter expansion project. The collaboration also aims to explore renewable energy and secure coal supply. This strategic partnership will enhance Nalco's power generation capabilities.