Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Energy security should drive adoption of renewables now: Hero Future Energies chief Rahul Munjal
Rahul Munjal of Hero Future Energies said India must shift its renewable energy narrative from climate goals to energy security amid oil supply disruptions. He stressed scaling from gigawatts to terawatts, highlighting green hydrogen, solar, and wind as key to reducing crude oil dependence.
Indian officials see Iran war oil shock as disruptive as Covid
India is drawing on its Covid-era playbook to cushion the economic blow from the Iran war, with officials warning the disruption to energy supplies could rival the pandemic, threatening growth, widening the fiscal deficit, and pushing the rupee to record lows.
Adani Energy commissions 1,000 MW power link in Mumbai
Adani Energy Solutions Limited has commissioned a 1,000 MW HVDC transmission link between Kudus and Aarey in Mumbai. This project, featuring the world's first compact HVDC substation, aims to enhance Mumbai's power supply reliability and integrate renewable energy sources. It was conceived following the 2020 Mumbai blackout to reduce reliance on in-city generation and strengthen grid resilience.
Wall Street opens higher as inflation meets estimates; weekend Iran talks in focus
US stocks rise as March inflation meets forecasts despite energy surge, Iran ceasefire talks eyed, oil stays below 100, Indian Sensex and Nifty jump nearly 6 percent for week
Oil prices to settle at $75-80 in 2 months, Nifty to touch 29K by March 2027, says Emkay. Here’s why
Emkay Global Financial Services expects crude oil to stabilise at $75–80 within two months and sees the Nifty 50 hitting 29,000 by March 2027. A potential Iran–US peace deal, easing energy pressures and steady earnings growth are seen driving a rebound in Indian equities despite near-term macro headwinds.
Pre-market action: Here's the trade setup for today's session
Indian stock markets saw a dip on Thursday. Investors are watching developments in West Asia. Near-term support might come from easing tensions and stable oil prices. However, a sustained recovery depends on the US-Iran situation, energy prices, and liquidity. The India VIX, a fear gauge, increased. Foreign investors were net sellers.
Crude oil prices gain for second day but set for worst week since June; Details here
According to Saudi Arabia's press agency, the country's oil production capacity has been cut by around 6,00,000 barrels per day due to attacks on its energy infrastructure, that is nearly 10% of its normal crude exports, as per Bloomberg calculations.
Top Gainers & Losers on April 09: Ola Electric, Meesho, Ather Energy, Honasa Consumer, HFCL among top gainers
Renewed Middle East tensions and increasing oil prices caused the Indian stock market to retreat, snapping a five-day winning streak. The Nifty 50 fell nearly 1% and the S&P BSE Sensex by 1.22%, while the broader market saw gains in several sectors.
Rupee breaches 93 per US dollar for the first time amid US-Iran war, FII outflows
The Indian rupee fell to 93 per US dollar for the first time on March 20, exacerbated by Middle East conflicts impacting global energy supplies. Analysts predict continued pressure on the rupee, with over $8 billion withdrawn from domestic equities in March due to rising oil prices.
Israel PM Benjamin Netanyahu's statement triggers a cool-off in oil prices
US treasury secretary Scott Bessent said that the US is looking at easing sanctions on Iran oil to bring prices down and may also look at a unilateral release of some SPR reserves of its own, beyond the ones committed to the International Energy Agency. Trump Administration officials also said that there are no plans to ban the exports of oil and gas.
Crude oil surges above $119 amid Iran conflict, Gulf energy attacks raise supply fears
Crude prices surged past $119 a barrel as attacks on Gulf energy assets, including Qatar's LNG plants and Saudi Arabia's Yanbu refinery, intensified fears of prolonged market disruptions. Indian policymakers are preparing for a sustained supply crunch and higher energy prices, with refiners worried about absorbing rising costs amid government reluctance to approve retail fuel price hikes.
Hormuz chokehold leaves over 1.7 million tonnes of India’s oil, LNG and LPG cargo stranded
In the heart of the Persian Gulf, twenty-two Indian vessels laden with essential oil and gas remain stranded. With millions of tonnes of crude oil, LPG, and LNG in limbo, these ships are eagerly awaiting clearance to navigate the obstructed Strait of Hormuz. The current turmoil has significantly impacted India's energy supplies.