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A warning from Qatar's energy minister sends global markets into a tizzy in 30 minutes
The Nifty 50, which was already down close to 150 points for most of Friday's trading session, ended 315 points lower at 25,450, taking the drop during the four-day week to over 700 points and wiping out investor wealth worth over ₹15 lakh crore.
India equity funds see modest outflows as AI-linked markets attract investors: EPFR
Cameron Brandt, Director of Research at EPFR Global, said India equity funds saw modest outflows over the past week, while AI-linked markets such as Taiwan, China and Korea continued drawing investor interest. He added that geopolitical tensions have triggered only a muted risk-off response in global fund flows. US equity funds saw modest redemptions, while diversified emerging-market funds continued attracting money. Energy, defence and aerospace funds recorded strong inflows.
US stocks slip as oil nears mid-$80s amid escalating West Asia war
Market movements continued to track oil prices. Investors are concerned that a sustained rise in energy costs could strain household spending, weigh on global economic growth and add pressure on interest rates.
The two defence stocks this portfolio manager likes
Conrad Saldanha, MD & Portfolio Manager of Neuberger Berman, says market uncertainty due to Middle East tensions has created selective long-term opportunities. He sees attractive valuations emerging in global IT services after a sharp correction, while tech fundamentals remain strong. In India, he is selectively adding large caps like Reliance Industries and Bharti Airtel and likes IT midcaps such as Coforge and Persistent Systems as well as defence play Data Patterns, on weakness. Disclaimer: Network18, the parent company of CNBCTV18.com, is controlled by Independent Media Trust, of which Reliance Industries is the sole beneficiary.
Wall Street climbs after Trump’s assurance to stabilize global energy market, crypto stocks rally
As of 11:15 a.m. Eastern Time, the S&P 500 rose 0.6%. The Dow Jones Industrial Average was up 0.5% and the Nasdaq Composite surged 1.1%.
Indices slide sharply amid Iran war jitters and crude price spike
The domestic equity benchmarks ended sharply lower on Wednesday as investors turned risk-averse amid escalating geopolitical tensions and a sharp surge in crude oil prices. The ongoing conflict involving the United States, Israel and Iran unsettled global markets, while the reported closure of the Strait of Hormuz pushed oil prices higher, raising concerns over inflation and energy costs. Sentiment was further dented by heavy selling from foreign institutional investors and the rupee slipping to a record low. Against this backdrop, the Nifty closed below the 24,500 mark. Barring the Nifty IT index, all other sectoral indices on the NSE ended in the red, with metal, PSU bank and oil & gas stocks leading the decline.
Ras Tanura hit again as projectile strikes Saudi Aramco facility
Saudi Arabia's vital oil export terminal at Ras Tanura has been hit by an unidentified projectile. This is the second such incident in days. The facility is crucial for global energy supplies. The attacks raise concerns over regional security and oil shipments. Ras Tanura's strategic location near the Strait of Hormuz amplifies these worries. Operations and damage extent remain unclear.
Buy the fear? Indian markets delivered strong returns after past wars even as Middle East tensions roil stocks
Indian equity benchmarks plunged as West Asia tensions and a Strait of Hormuz shutdown threat jolted global markets and spiked crude prices. Despite near-term risks to energy supplies and India’s import exposure, historical data show strong two-year rebounds after past geopolitical conflicts.
Oil shock from Iran war raises risks for India’s stock market; here’s how
Escalating Middle East tensions are pushing oil prices higher, significantly impacting India's beaten-up equities and widening their underperformance against global peers. Analysts warn of further downside for Indian assets due to the country's heavy reliance on imported energy, potentially driving inflation and weakening the economy and currency.
Global Outlook | Volatility may persist as geopolitical tensions escalate, says Ed Clissold
Ed Clissold, Chief US Strategist at Ned Davis Research, says escalating geopolitical tensions could keep markets volatile in the near term as both sides remain entrenched. The US economy is relatively insulated due to lower energy dependence and easing inflation, allowing it to absorb higher oil prices. While emerging markets may face short-term pressure, Clissold says they could outperform the US over the medium term on attractive valuations.
Industrial users stare at propane, natural gas shortage after Qatar halted production
Indian industries face potential propane and natural gas shortages. Qatar has halted liquefied natural gas production following a drone attack. This impacts industrial customers, though household piped natural gas supplies remain unaffected. Companies are monitoring the situation closely. Global energy prices and shipping costs are also rising.
'Could be largest oil supply disruption in history', S&P Global Energy warns on US-Iran war
S&P Global Energy says that markets with little or no inventories will face the brunt of the negative supply impact and in case there is a 7 million barrels per day loss in supply for many months, prices will indeed rise to $100 per barrel or even higher as supply is rationed while demand falls.