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INR dragged lower by negative cues from equities, surging oil and firm dollar overseas
The Indian rupee lost further momentum during the course of the day and is seen settling the day lower by around 40 paise at Rs 95.57 per dollar. Elevated crude oil prices and firm dollar index around 100 mark are seen pressurizing rupee. Dollar index spiked above 100 for the first time in two months following a strong jobs data on Friday, driving sooner than expected rate hike by Fed but has edged marginally below the level today. Meanwhile, Indian shares fell sharply on Monday, mirroring weak cues from global markets as Middle East worries persisted and robust U.S. jobs data led traders to ramp up bets on a Federal Reserve rate hike this year. The BSE Sensex and NSE Nifty 50 settled lower amid weak global cues, escalating tensions in West Asia, and rising crude oil prices. The Sensex dropped 719.08 points (0.97%) to settle at 73,524.26, while the Nifty fell 243.70 points (1.04%) to end the day at 23,123.00. Also, rupee weakened despite the Indian government introducing a ...
India says fire reported on oil tanker with 24 Indian sailors, all crew safe
A fire broke out on the oil tanker Marivex off the coast of Oman, with 24 Indian sailors on board. All sailors are reported safe, and authorities are coordinating efforts to ensure their well-being. The cause of the fire, which occurred Monday afternoon, is currently unknown.
India Buying More Oil From Russia Vs November, Says Hardeep Puri; Allays Shortage Concerns
Puri credited the leadership of PM Modi for ensuring both the availability and affordability of fuel for Indian consumers.
Closing Bell: Broad-based selling sends Sensex, Nifty to two-month lows
Indian equities extended losses for a second straight session, with the Sensex and Nifty hitting two-month lows amid broad-based selling. Rising crude oil prices, weakness in heavyweight stocks and a risk-off mood weighed on market sentiment.
Equirus sees oil prices staying elevated, prefers gas stocks over OMCs
Maulik Patel, Head of Research and Oil & Gas Expert at Equirus, said oil prices may stay above $80-$85 per barrel even if a peace deal is reached. The brokerage prefers gas companies such as GAIL and Gujarat Gas over OMCs and expects Indian markets to remain range-bound, with mid-cap and small-cap stocks supported by stronger earnings growth.
100 days of Iran war, Rs 4,50,000 crore wiped out: Is your stock portfolio safe from missiles?
Indian equities have lost Rs 4.5 lakh crore in 100 days as the Iran-led West Asia conflict and a global AI trade unwind trigger sharp FII outflows. Banking, oil and IT stocks led declines, while pharma outperformed. Analysts warn of earnings downgrades, though valuations are turning attractive in select segments.
Indian equities open in red amid West Asia tensions and crude oil spike - Mid-day
Indian equities open in red amid West Asia tensions and crude oil spikeMid-day
Rupee opens 37 paise lower at 95.32 against US dollar
The Indian rupee fell to 95.32 against the US dollar due to geopolitical tensions, rising oil prices, and a global selloff. RBI measures may attract $30-50 billion in capital inflows, improving outlook, though the currency remains sensitive to oil price movements.
Indian shares decline on oil spike, Asia selloff - Reuters
Indian shares decline on oil spike, Asia selloffReuters
India Inc hikes prices, shrinks packs as Iran war squeezes margins
Indian businesses face mounting pressure from soaring oil, freight, and insurance costs. Companies are increasing prices and reducing product sizes to protect profits. Many are also cutting operational expenses like advertising and travel. Supply chains are being reconfigured to manage disruptions.
Gift Nifty, Iran war, oil prices to Nasdaq, Nikkei’s crash: 10 things that changed for Indian stock market over weekend - Mint
Gift Nifty, Iran war, oil prices to Nasdaq, Nikkei’s crash: 10 things that changed for Indian stock market over weekendMint
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.