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Oil Prices On June 8: Brent Crude Jumps Above $96 After Iran Fires Missiles At Israel, Testing Fragile Truce
The conflict has already led to severe disruptions in traffic through the waterway, creating concerns about supply shortages and longer-term energy market tightness.
Oil prices climb over $2 amid renewed tensions between Israel, Lebanon
US crude futures were up $2.10, or 2.32 per cent, at $92.64 per barrel as of 0013 GMT, while Brent crude futures rose $2.33, or 2.5 per cent, to $95.42 a barrel
GIFT Nifty falls over 300 pts; here's trading setup for the day
Indian stock markets are set for a range-bound week. Investors are reacting to the RBI's updated economic forecasts and growing global risks. While measures to attract foreign capital offer support, market movements will likely depend on individual stock and sector performance. Global markets show mixed signals, with oil prices rising due to geopolitical tensions.
Asia markets tumble as tech rout deepens
Asian markets experienced a sharp downturn as the AI rally cooled, with South Korea's KOSPI halting trading after a significant drop. Investors are now weighing the impact of potential Federal Reserve rate hikes and upcoming inflation data. Meanwhile, escalating Middle East tensions pushed oil prices higher, while the dollar strengthened against the yen.
US futures extend losses after Friday rout as Iran situation deteriorates; Oil climbs
The losses come on the back of a sharp sell-off on Wall Street last Friday, with the Nasdaq dropping over 4% and the Dow Jones declining over 700 points.
Anant Ambani's appointment as whole-time executive director of Reliance secures 94.4% shareholder approval
Anant M. Ambani has been appointed whole-time executive director of Reliance Industries with 94.4% shareholder approval. Details here.
OPEC+ increases production quotas for July
OPEC+ ministers decided Sunday to increase oil quotas by a total 188,000 barrels per day for July, in a move analysts said would be unlikely to have an impact on prices sent higher by the Mideast war. In that sense, the 188,000 barrels per day increase would be more of a policy signal than a real supply boost."
Reliance Infra seeks review of surveillance framework linked to IBC
Reliance Infra has urged SEBI, NSE and BSE to review ASM-based trading curbs, saying restrictions hurt liquidity, price discovery and retail shareholders
Dalal Street Week Ahead: US-Iran situation, FII trading activity, oil prices among 10 key factors to watch - Moneycontrol.com
Dalal Street Week Ahead: US-Iran situation, FII trading activity, oil prices among 10 key factors to watchMoneycontrol.com
Gold Outlook: Middle East Tensions, Oil Prices, Inflation Data Key Drivers For Bullion This Week
In the global markets, Comex gold futures shed $227.7, or 5%, to end the week at $4,365 per ounce, while silver fell $6.77, or nearly 9%, to $69.10 per ounce.
West Asia crisis, oil prices key driver for gold this week: Analysts
Gold prices will remain sensitive to developments in West Asia, movement in crude oil prices, and a series of key economic data releases in the coming week, analysts said. Investors will monitor trade and inflation data from China and the US, mid-month Washington's consumer sentiment figures and India's Consumer Price Index (CPI) readings. The European Central Bank's monetary policy decision will also be in focus as market participants assess their impact on bullion and other commodities, they added. "Momentum for precious metals such as gold and silver still looks corrective," Pranav Mer, Vice President, EBG -- Commodity & Currency Research, JM Financial Services Ltd, said. Domestic commodity markets ended the week lower, with MCX gold futures for August delivery falling Rs 5,317, or 3.3 per cent, to Rs 1.55 lakh per 10 grams. Silver for July delivery fell Rs 18,461, or 7 per cent, to Rs 2.48 lakh per kilogram on the Multi Commodity Exchange (MCX). "Gold witnessed a weak ...
Smart money move: Why Groww MF's equity chief is betting on multicap strategies
Anupam Tiwari of Groww Mutual Fund warns of a potential oil shock. He believes a multicap strategy combined with bottom-up investing is suitable for current market conditions. Valuations in mid and small caps have improved, making active stock picking more viable. Tiwari highlights opportunities in financials, industrials, autos, and specialty chemicals.