Market News
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India's Russian oil imports to hit record high in June, data shows
India's Russian oil imports hit an all-time high in June, reaching approximately 2.70 million barrels per day. This surge is attributed to refiners seeking Russian barrels to offset potential supply disruptions from the Strait of Hormuz. Russian oil now constitutes over half of India's total crude imports, significantly increasing its dominance as the primary supplier.
Stock Market Mid-Day Report, June 30, 2026: Sensex, Nifty Trade Flat as Easing Oil Prices Offset Iran Ceasefire Worries; Maruti, Titan Lead Gainers - HDFC Sky
Stock Market Mid-Day Report, June 30, 2026: Sensex, Nifty Trade Flat as Easing Oil Prices Offset Iran Ceasefire Worries; Maruti, Titan Lead GainersHDFC Sky
Kirloskar Oil Engines in Focus: Multiple Growth Triggers Keep Motilal Oswal Bullish — Check Revised Target Price
The brokerage remains positive on the overall demand environment in the segments in which Kirloskar Oil is currently operating such as powergen, industrial and even exports.
Morgan Stanley Warns of Global Oil Glut, Cuts Outlook on Hormuz
Morgan Stanley said it counted 35 oil and gas tankers exiting the Persian Gulf through the strait on Thursday - the first time the level returned to the 30-to-40 range typical before the conflict started in February.
Morgan Stanley cuts oil forecasts on faster-than-expected flows via Strait of Hormuz
Morgan Stanley lowered its September quarter dated brent forecast by $15 to $74 a barrel. The prices are set to drop further by the September quarter next year to $70 a barrel.
Welspun Corp stock zooms 111% from February low; here's why
The medium to long term business outlook for Welspun Corp continues to remain positive across all its businesses, supported by strong focus on Oil & Gas, energy security and transition initiatives.
Morgan Stanley says salt is the new oil. Here's why and how to play it
Salt can become as sought-out as oil amid a boom in demand for sodium-ion batteries, according to the firm.
Markets ahead: West Asia tensions, crude prices key factors to watch out
Developments on the geopolitical front, with the latest military exchanges involving the US and Iran, their impact on crude oil prices and domestic macroeconomic data announcements would dictate sentiments in the stock market this week, analysts said. Besides, trading patterns of foreign investors and progress of the southwest monsoon would also remain the key areas of focus for investors, they added. "Market participants will closely monitor Industrial Production (IIP) data, the final HSBC Manufacturing, Services and Composite PMI readings, and the foreign exchange reserves data for fresh insights into the health of the domestic economy," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Globally, the trajectory of crude oil prices and geopolitical developments in West Asia will remain key drivers of market sentiment, he said. The monthly auto sales numbers on July 1 will also be tracked by investors closely. "The week ahead is likely to be shaped by developments on the ..
CBIC rolls out green channel to speed emergency imports during oil spill crises
In a significant move to bolster environmental protection, the Central Board of Indirect Taxes and Customs has launched a dedicated 'green channel' for swift customs clearance during oil and hazardous spill emergencies. This initiative, driven by a Coast Guard request, aims to expedite the movement of crucial response equipment, thereby enhancing India's preparedness for marine pollution incidents and fulfilling international maritime commitments.
Crude oil prices erase all Iran war gains as Hormuz traffic picks up, talks progress
Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.
US markets today: Dow Jones, Nasdaq, S&P 500 rise as AI-linked stocks stabilise
US stocks opened higher on Wednesday as chip stocks rebounded from recent losses, helping lift the S&P 500 and Nasdaq after a sharp tech sell-off in the previous session. Investor sentiment was also supported by a decline in oil prices and focus on upcoming Micron earnings, which are expected to provide key signals on artificial intelligence-driven demand trends.
India Weighs Return To Iranian Oil As Ministers Prepare For Crucial Talks — Profit Exclusive
The discussions are expected to focus on cooperation across the oil and gas sector, including crude supplies, investment opportunities and broader energy ties between the two countries.