Market News
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Stocks to buy or sell: Dharmesh Shah of ICICI Sec suggests buying Reliance, Titan shares on April 13
On April 10, Sensex and Nifty 50 surged over 1%, driven by banking stock purchases and positive global trends. Investor confidence rose amid expectations of a US-Iran dialogue and falling crude prices, leading to the strongest weekly gains in over five years.
European Gas futures jump up to 18% on Strait of Hormuz concerns
The Strait of Hormuz carries nearly 20% of the global energy supply, including LNG. While some oil supertankers traversed the strait over the weekend, LNG shipments haven’t yet made the journey.
Donald Trump says oil, gas prices could swing either way before midterms
Donald Trump has commented on the fluctuating prices of oil and gas. He believes these costs could either decrease or increase before the upcoming US midterm elections. This statement underscores the current unpredictability in global energy markets. Geopolitical tensions and supply disruptions are key factors influencing these price movements. The situation remains uncertain as the elections approach.
Shell steps up LNG supplies to India, wins major fertiliser tenders after Gulf disruptions
Global energy firm Shell plc has significantly increased natural gas supplies to India. This comes as disruptions from the West Asia conflict impacted supplies from Qatar. Shell's global LNG portfolio and infrastructure allowed it to step in. It became India's largest imported gas supplier in March. This ensured feedstock for fertiliser production and other industrial needs.
Iran denies claims that US vessels entered Strait of Hormuz
Iran denied a US claim that two Navy destroyers passed through the Strait of Hormuz, saying control over vessel movement lies with its armed forces. The strait, a key global energy route, has emerged as a major issue in ongoing US-Iran talks in Islamabad.
Global funds flee Indian stocks at record pace on growth fears
Global funds are exiting Indian equities at a record pace, driven by an energy shock from the US-Iran war and a lack of compelling AI-linked investment narratives. This sustained selling has pressured local shares, with over $600 billion wiped off their value from last year's peak, despite strong domestic inflows.
Global Funds Flee Indian Stocks at Record Pace on Growth Fears
Global funds are dumping Indian equities at a record clip as an energy shock from the US-Iran war threatens to derail the outlook of the world’s fastest-growing major economy.
Oil prices to settle at $75-80 in 2 months, Nifty to touch 29K by March 2027, says Emkay. Here’s why
Emkay Global Financial Services expects crude oil to stabilise at $75–80 within two months and sees the Nifty 50 hitting 29,000 by March 2027. A potential Iran–US peace deal, easing energy pressures and steady earnings growth are seen driving a rebound in Indian equities despite near-term macro headwinds.
Why India may miss the next Asia rally: Nomura’s Chetan Seth
Chetan Seth, Asia-Pacific Equity Strategist at Nomura outlines how Korea and Taiwan could outperform on strong AI-driven earnings, while India’s performance will depend on energy stability and foreign inflows. Seth also breaks down the recent FII outflows, the role of the rupee, and why global capital is rotating toward tech-heavy markets.
'Rate action unlikely in FY27; if any, it could be a rise,' say economists
Indian markets expect a prolonged pause in policy rates. Economists foresee no immediate tightening as higher global energy prices have a limited impact. The Reserve Bank of India is likely to maintain rates through FY27. While most anticipate a pause, a rate hike is considered more probable than a cut if the Iran conflict persists and affects growth.
Government pushes faster PNG rollout amid Gulf crisis
India is pushing for more piped gas connections. Oil Secretary Neeraj Mittal has asked city gas companies to speed up adding household connections. This comes as the government eases rules for infrastructure. The move aims to reduce reliance on imported fuel. Recent global events highlighted vulnerabilities in current supply chains.
Reliance caps fuel sales at $11 per pump amid growing shortages
West Asia War: Reliance Industries is limiting fuel purchases at its retail stations. Customers can buy only about $11 worth of gasoline or diesel per visit. This move aims to manage supply amid ongoing Middle East crisis disruptions. Other fuel retailers are also facing challenges. India imports most of its oil, making it vulnerable to global supply issues.