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Dow, S&P 500, Nasdaq futures edge higher as oil prices fall
US stock futures edged higher on Friday as investors tracked developments around the fragile US-Iran ceasefire, while oil prices declined amid easing supply concerns. Markets also awaited further updates on negotiations between Washington and Tehran.
INR appreciates near three-week high as oil retreats on ceasefire talks
The Indian rupee appreciated 53 paise to close at 95.05 (provisional) against the US dollar in early trade on Friday, as renewed optimism over the peace deal between the US and Iran boosted market sentiments. The domestic currency gained momentum near a three week high on an overnight decline in crude oil prices and a fall in the US dollar, after the US and Iran reached an understanding to extend the ceasefire for another 60 days although Trumps approval on the same is awaited. On Thursday, the US and Iranian negotiators reached a tentative agreement to extend the ceasefire by 60 days and start a new round of talks on Iran's nuclear programme. Meanwhile, BSE Sensex closed about 1.4% down at 74,775.7 on Friday, extending losses for a third session, restricting upside in the counter as investors remained cautious amid ongoing FII outflows, persistent geopolitical uncertainty and weaker-than-normal monsoon forecasts that could impact inflation.
As Jio IPO timeline nears, Ambani weighs on broadening stakeholder participation
Reliance Industries Chairman Mukesh Ambani is preparing Jio Platforms for its initial public offering. The company is looking at ways to bring in more stakeholders. This move comes as the IPO is slated for the first half of 2026. Jio Platforms has shown strong financial growth. Its profit after tax increased by 15 percent in the year ended March 2026.
Sensex, Nifty slide for third session amid monsoon concerns and global uncertainty
Investors remained cautious as they assessed the prospects of peace in the Middle East and its potential impact on crude oil prices. Market participants are seeking greater clarity on the geopolitical front before taking fresh directional bets.
Indian economy shows resilience as global economy faces uncertainty, says RBI bulletin
In India, economic activity stayed strong despite global pressures, said the RBI monthly bulletin. Industry and services maintained momentum, while agriculture benefited from good rainfall and healthy reservoir levels. Food inflation pushed CPI inflation up to 3.5% in April, though core inflation stayed steady. Trade deficit widened due to higher crude oil and gold imports. Liquidity conditions remained easy, keeping short-term rates below the policy repo rate, though government bond yields edged higher.
INR traded with a depreciating bias amidst widening of merchandise trade deficit and rise in oil prices: RBI annual report 2025-26
The Indian Rupee (INR) traded with a depreciating bias during the year amidst trade related uncertainties, geopolitical tensions, and foreign portfolio investment (FPI) outflows in the equity segment, RBI noted in its annual report 2025-26. The Indian Rupee (INR) experienced bouts of volatility amidst rise in geopolitical tensions and tariff related uncertainties. The widening of merchandise trade deficit and rise in oil prices during the last quarter added to the headwinds. The Reserve Bank intervened in the forex market through operations in the onshore/ offshore OTC and exchange traded currency derivatives segments to maintain orderly market conditions and contain excessive volatility in the exchange rate, the report noted.
Why did stock market crash in the final hours of trade today? Sensex, Nifty50 plunge - check top reasons - The Times of India
Why did stock market crash in the final hours of trade today? Sensex, Nifty50 plunge - check top reasonsThe Times of IndiaClosing Bell: Nifty below 23,550, Sensex tanks 1,092 pts as auto, metal, oil & gas stocks dragMoneycontrol.comSensex Today | Nifty 50 | Stock Market Highlights | Closing Bell: Sensex slumps 1,092 pts, Nifty below 23...The Economic Times
Rupee Trades Flat As Oil Price Swings And Central Bank Watch Keep Focus - Investing.com India
Rupee Trades Flat As Oil Price Swings And Central Bank Watch Keep FocusInvesting.com India
India asks state fuel retailers to build LPG storage for 30 days' demand, official says
India has asked state-run fuel retailers to increase the storage capacity of liquefied petroleum gas to meet 30-days' demand, Sujata Sharma, a joint secretary in the federal oil ministry said on Friday.
Aegis Logistics consolidated net profit rises 45.69% in the March 2026 quarter
Sales rise 52.16% to Rs 2594.39 crore
Indian Oil Corp buys 5 million barrels of crude from West Africa, Middle East, sources say
Indian Oil Corporation has secured a significant crude oil purchase. The state refiner bought five million barrels from West Africa and the Middle East. This acquisition includes Angolan Kissanje and Nemba crude for its Paradip refinery. Nigerian Usan crude and Abu Dhabi's Murban crude were also purchased for delivery to Vadinar and Chennai refineries.
Ajit Doval Calls For Maritime Security, Unified Global Action Against Terrorism At Moscow Security Forum
Doval warned that any sustained disarray to global oil and gas supplies could severely destabilise the world economy.