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US stocks rebound as oil prices ease despite renewed Middle East tensions; AI chip rally boosts markets
Wall Street recovered with gains led by AI chipmakers, while oil prices retreated as investors weighed the Iran conflict. Falling Treasury yields also supported markets despite ongoing geopolitical uncertainty.
INR extend gains amid dollar weakness; Local benchmark indices surge in early trades
The Indian rupee extended gains in opening trades on Friday tracing weakness in dollar overseas on expectations that US and Iran will continue peace negotiations despite a recent escalation. However, oil prices stay supported after recent streak of gains that could limit gains in the counter. INR opened at Rs 95.27 per dollar and hit a high of 95.22 so far during the day. Yesterday, rupee appreciated by 7 paise to settle at 95.41 against the US dollar. Asian stock markets are trading mostly higher on Friday, following the broadly positive cues from Wall Street overnight, boosted by the surge in semiconductor and AI stocks. Indian benchmark indices surged early on Friday, with the BSE Sensex climbing 701.73 points (0.91%) to 77,443.55 and the NSE Nifty 50 gaining 200.85 points (0.84%) to trade at 24,162.25.
Hardeep Puri explains why India has among world's cheapest petrol, spells out country's fuel strategy
India offers some of the world's cheapest petrol, according to the Petroleum Minister. Ethanol blending significantly contributes to these lower fuel prices for consumers. This strategy reduces dependence on volatile global crude oil prices. Farmers' ethanol, with fixed annual prices, aids in maintaining stable domestic fuel costs. The Middle East conflict has driven up international oil prices, impacting other nations.
ONGC to undertake 1.75 MMT strategic oil reserve expansion at Mangaluru
ONGC approved a 1.75 MMT strategic petroleum reserve expansion at Mangaluru. This project will add significant storage capacity to India's energy security network. India is strengthening its reserves after recent global supply chain disruptions. Additional SPR facilities are also being developed in Odisha and Karnataka. This increases India's total oil storage capacity to approximately seventy-four days.
Asian stocks climb as AI rally outweighs US-Iran conflict concerns
The renewed back-and-forth attacks have further eroded the fragile 3-week-old ceasefire, bringing the spotlight back on oil prices and what it could mean for inflation and the global rates outlook
Rupee rises 13 paise against US dollar: What's driving the move
Indian rupee gains 13 paise against US dollar, supported by softer crude oil prices and global dollar weakness. West Asia tensions remain a key risk.
Rupee opens 13 paise higher at 95.26 against US dollar
The Indian rupee rose 13 paise to 95.26 against the US dollar, bolstered by lower crude prices and a weaker dollar. However, concerns over the US-Iran conflict kept traders cautious. Foreign investments remain strong, yet India's trade deficit persists due to high oil and gold imports.
Oil falls, but heads for weekly gain as West Asia supply risks persist
Oil prices edged lower on Friday as inflation concerns weighed on demand, but crude remained on track for strong weekly gains amid renewed US-Iran strikes and uncertainty over the Strait of Hormuz
Oil stocks today: Crude slips but heads for weekly gains as US-Iran conflict keeps supply fears alive - The Times of India
Oil stocks today: Crude slips but heads for weekly gains as US-Iran conflict keeps supply fears aliveThe Times of India
Gold, silver prices today: Why bullion remains volatile this week
Gold and silver prices fall amid West Asia tensions, Fed policy uncertainty. Geopolitical risks, crude oil, and US economic data drive volatility.
Asian stocks surge as investors look past Middle East attacks
The renewed back-and-forth attacks have further eroded the fragile three-week-old ceasefire, bringing the spotlight back on oil prices and what it could mean for inflation and the global rates outlook.
Petrol, Diesel Prices On July 10: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata And More
On Friday, July 10, 2026, petrol and diesel prices remained unchanged despite movement in the global crude prices over the past week. State-run oil marketing companies such as IOCL, HPCL, BPCL did not change their fuel prices for the day.