Market News
Stay updated with the latest market trends, earnings, and economic indicators.
Merchant ships desert Strait of Hormuz amid renewed US strikes
Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.
Three oil, LNG tankers exit Hormuz with transponders off
Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in the region.
Government assures 78 days of oil amid MPs' concerns
Concerns over fuel, shipping, and fertilizer supplies dominated a Parliamentary panel meeting. Officials assured adequate fuel reserves and fertilizer availability for the Kharif season. However, 37 Indian ships are stranded in West Asia due to the Strait of Hormuz closure. Cargo insurance premiums have risen sharply. The government is addressing these issues amid ongoing global challenges.
Wars in West Asia and Ukraine are turning shipping costs into steel sector’s biggest headache
In the face of a daunting 28-30% increase in international freight costs, India's steel sector is at a crossroads. The unrest in West Asia is inflating the cost of coking coal imports, intensifying the financial strain. Yet, domestic production is holding its ground. The industry is pivoting towards enhancing operational resilience and implementing smart cost management to tackle these obstacles.
India prepares to send oil tankers through Hormuz for new supply
India is preparing to resume sending ships through the Strait of Hormuz to pick up oil and energy cargoes from Middle East suppliers for the first time since the Iran conflict began. State-run Shipping Corporation of India is ready to restart operations in the Persian Gulf once it receives approval from the Indian Navy and cargo orders from refiners.
India prepares to send oil tankers through Strait of Hormuz for new supply
India plans to resume shipping energy cargoes through the Strait of Hormuz, with Shipping Corp. of India ready, as Navy escorts increase amid Iran conflict and energy price strain
India may negotiate Iran-backed oil corridors as Hormuz recovery looks distant: Moody’s
India and other nations will seek energy supplies through direct talks. A full return to pre-conflict shipping levels through the Strait of Hormuz is not expected by 2026. This will lead to gradual, but slow and uncertain, improvements in energy transit. Higher and volatile oil prices will impact economies.
Petrol, diesel prices hiked by Rs 3/litre: Here’s what top economists have to say
Fuel prices in India saw their first increase in over four years on Friday. Petrol and diesel costs rose by approximately ₹3 per litre. This move by state-run oil companies aims to address losses from rising global crude oil prices. The increase reflects the impact of the West Asia conflict and disruptions to key shipping routes.
Stock Alert: Wockhardt, Jindal Stainless, Petronet LNG, Manappuram Finance, Aarti Industries
Larsen & Toubro, Mahindra and Mahindra, Punjab National Bank, Marico, Hero Motocorp, Lloyds Metals and Energy, SRF, Coforge, United Breweries, Poonawalla Fincorp, Ajanta Pharma, Emcure Pharmaceuticals, Aadhar Housing Finance, Gallantt Ispat, Jammu and Kashmir Bank, Voltamp Transformers, AAVAS Financiers, Lloyds Engineering Works, Alkyl Amines Chemicals, SJS Enterprises, Shilchar Technologies, GNG Electronics, Gujarat Heavy Chemicals, Aeroflex Industries, Shanthi Gears, Shoppers Stop, Dalmia Bharat Sugar and Industries, Cigniti Technologies, Raymond Realty, Raymond, Shipping Corporation of India Land and Assets, PTC India Financial Services, Spandana Sphoorty Financial, Dolphin Offshore Enterprises (India), CFF Fluid Control, DCW, Automobile Corporation of Goa (ACGL), Paushak, Mafatlal Industries, B Right Realestate, Kothari Petrochem, Foseco Crucible (India), Sutlej Textiles and Industries, Primo Chemicals, Onward Technologies, Kriti Nutrients, Jenburkt Pharma, Kriti Industries ..
US Is Oil Supplier Of Last Resort As Hormuz Disruptions Worsen
Traders say US exports are beginning to test practical limits, with infrastructure and shipping constraints capping how much crude can consistently leave the US Gulf
India-bound LPG carrier crosses Hormuz: Shipping Ministry
An India-bound LPG carrier, MT Sarv Shakti, has successfully navigated the Hormuz Strait. This marks a significant passage following recent disruptions. The vessel carries a substantial amount of LPG and is expected to reach Visakhapatnam soon. Several Indian-flagged vessels were previously stranded. However, some Indian LPG and crude oil vessels have safely transited the strait since the crisis began.
India plans 62 vessels in FY27 with Rs 51,383 crore investment: Union minister Sarbananda Sonowal
India is accelerating its shipping capabilities to achieve self-reliance, with plans to add 62 vessels by FY 2026-27, backed by a significant investment. A high-level meeting emphasized expanding the fleet, including container vessels, LPG and crude carriers, and green tugs, to ensure resilience against global disruptions and sustain supply chains.