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Asian shares advance as markets await signals on when Iran war may end
Asian shares advanced Tuesday as US stocks held steady while investors awaited signals on when the war with Iran may end. US futures and oil prices edged higher. Tokyo's Nikkei 225 gained 2.1% to 55,387.75 and South Korea's Kospi surged 3.5% to 5,724.30. In Hong Kong, the Hang Seng gained 0.3% to 26,039.23, while the Shanghai Composite index inched up 0.1% to 4,127.34. Australia's S&P/ASX 200 rose 0.5% to $8,738.50. Taiwan's benchmark climbed 3.9%. On Tuesday, the S&P 500 dipped 0.2% to 6,781.48, a day after its latest wild swings caused by extreme moves in the oil market. The Dow Jones Industrial Average fell 34 points, or 0.1% to 47,706.51 and the Nasdaq composite edged higher by less than 0.1% to 22,697.10. Oil prices have remained sharply below their peaks hit on Monday. Such spikes have been rocking financial markets worldwide because of worries that the war could block the global flow of oil and natural gas for a long time. Early Wednesday, the price for a barrel of ...
Oil above $100 but petrol, diesel prices unlikely to rise immediately
Despite the recent surge in crude oil prices, immediate hikes in fuel costs are unlikely. State-owned oil firms are expected to absorb the impact, thanks to their past advantages during periods of low oil prices. This financial resilience puts them in a strong position to navigate through these volatile times.
Oil above $100 could widen current account deficit, pressure rupee: Emkay
Madhavi Arora, Chief Economist, Emkay Global Fin Services, says the RBI may prioritise financial stability over inflation if crude prices remain elevated. Oil above $100 could widen India’s current account deficit and pressure the rupee, while the central bank may have to balance currency intervention with domestic liquidity management. She noted inflation risks remain limited for now as fuel price increases have not been fully passed on to consumers.
Dow futures tank 1,100 points as Wall Street reacts to oil prices topping $100 a barrel
Wall Street had sold off during Friday's session as well owing to multiple concerns surrounded financial markets, including the rise in oil prices. The Dow Jones was down 3% last week, the worst since US President Donald Trump's liberation day tariff announcements back in April last year.
Markets in ‘fear phase’, deploy money in autos, banks, capital goods: AlfAccurate’s Rajesh Kothari
The sharp correction in Indian equities triggered by fears of a prolonged war in West Asia should be viewed as a buying opportunity, according to Rajesh Kothari, Managing Director at AlfAccurate Advisors.Benchmark indices declined nearly 3% this week — their steepest weekly fall in over a year — as rising crude oil prices and geopolitical tensions rattled investor sentiment. Financial stocks led the decline, with the Nifty Bank logging its biggest weekly drop in 14 months.However, Kothari believes the selloff reflects sentiment rather than a deterioration in underlying economic fundamentals.“We are currently in a fearful phase of the market. When others are fearful, that’s usually the time to be greedy,” Kothari told CNBC-TV18, advising investors to deploy money gradually over the next 30–60 days rather than attempting to time the market.He emphasised that the outcome of the West Asia conflict is less important for markets than its duration. While companies with exposure to the Middle East could face short-term uncertainty, the broader domestic growth story remains intact.Against this backdrop, Kothari highlighted four sectors that investors should focus on.Autos remain a key bet, supported by strong demand trends and low inventory levels across the industry. February sales data was robust, and leading automakers have reported healthy growth, signalling sustained momentum.Banking and financials are another preferred sector. Credit growth has improved to around 13% from about 8.5% earlier, while asset quality remains strong. According to Kothari, the sector could become a “strong buy on declines” if crude-driven inflation concerns ease.He also sees opportunities in capital goods, particularly companies reporting strong order inflows as India’s investment cycle picks up.Lastly, hospitals stand out as a defensive play. The sector remains largely insulated from geopolitical risks and technological disruptions such as artificial intelligence.“These are strong India stori
Qatar LNG disruption: JM Financial explains impact on Petronet, GAIL, Gujarat Gas
A disruption at Qatar’s LNG plant, which supplies nearly 40–50% of India’s LNG imports, could create a short-term supply shock for the domestic gas market, according to JM Financial analyst Dayanand Mittal. Petronet LNG may face the biggest impact as about half its volumes come from Qatar, while companies such as Gujarat Gas and GAIL could also see pressure due to higher spot LNG prices and lower transmission volumes. The disruption may last about a month, potentially affecting earnings and gas supply across the sector.
Explained — How RIL, MRPL, Chennai Petro may benefit from China's latest move
All the refiners including oil marketing companies (OMCs), all gain in their refining business because of this jump in diesel, according to Dayanand Mittal of JM Financial.
Brent at $100? Why India could be hit hardest by the US–Iran war; ONGC, Oil India to benefit
JM Financial warns that India's economic exposure to energy shocks from the Middle East escalation is significant. The shift to oil-driven markets could increase inflation and impact trade balance, as India imports 85% of its oil. Crude price rises could have widespread effects across sectors.
Explained — How rising oil prices will have a negative impact on shares of IndiGo
For every $5 per barrel increase in brent price, IndiGo's Earnings Per Share (EPS) is likely to be impacted by 13%, according to brokerage firm JM Financial.
Market ends sideways; Nifty settles near 25,500 level; VIX drops 3.15%
Nifty ended near the 25,500 level. Pharma, PSU bank and oil & gas shares advanced, while media, FMCG and financial services stocks declined.
Asian shares are mixed, US futures up as AI fears drag Wall Street lower
Shares were mixed Friday in Asia as worries over risks linked to massive investments in artificial intelligence and a potential US-Iran conflict weighed on major benchmarks. US futures edged higher, while oil prices resumed their ascent. Crude prices have been climbing as both the United States and Iran signal they are prepared for war if talks on Tehran's nuclear programme fizzle out. Tokyo's Nikkei 225 fell 1.2 per cent to 56,797.22 as shares in major banks and other financial institutions skidded on worries over the potential impact of weakening private credit companies that have lent to companies exposed to the risk that AI will steal away their businesses. That includes market heavyweights like Mitsubishi UFJ Financial Group, which has a partnership with Blue Owl Capital, one such private-credit company. MUFJ's shares dropped 2.6 per cent in Tokyo after Blue Owl lost 5.9 per cent on Thursday. Toyota Motor Corp. fell 3.9 per cent and Sony was down 3.3 per cent. In Hong Kong, t
Seven Adani group companies AGMs due this week: Check dates, timings, agenda, dividend, other details
Seven Adani Group companies -- Adani Ports and Special Economic Zone, Adani Enterprises, Ambuja Cements, Adani Total Gas, Adani Power, Adani Green Energy, and Adani Energy Solutions -- are set for their Annual General Meetings to be held this week for the financial year ended March 31, 2026. All meetings will be held virtually via Video Conferencing or Other Audio Visual Means, with e-voting conducted through CDSL or NSDL.