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Live: Brent Hits $95 After US-Iran Escalation | Gold Slides | Nifty Set for Cautious Open| Opening Bell
Wall Street heads into the opening bell under pressure after a sharp selloff on Wednesday, with all three major U.S. indexes falling more than 1%. Technology and semiconductor stocks remained weak, while escalating tensions in the Middle East added another layer of uncertainty for investors. The Dow Jones Industrial Average tumbled 953 points (-1.87%) to 49,918.78, the S&P 500 dropped 119.66 points (-1.62%) to 7,266.99, and the Nasdaq Composite slid 509.32 points (-1.98%) to 25,169.50. Investor sentiment remains cautious as markets assess the implications of fresh U.S. strikes on Iran and Iran's announcement of the closure of the Strait of Hormuz. The developments have pushed oil prices sharply higher, raising concerns that elevated energy costs could fuel inflation and keep interest rates higher for longer. The U.S. dollar traded cautiously as investors balanced geopolitical risks against the Federal Reserve's rate outlook. Meanwhile, gold extended its decline, hitting a more than six-month low as rising oil prices and inflation fears dampened expectations for near-term monetary easing. Markets are expected to remain highly sensitive to geopolitical headlines, energy price movements, and interest-rate expectations as trading gets underway.
Big RBI Shake-Up! How New Forex Rules Could Boost the Rupee | Kotak’s Anindya Banerjee Explains
The RBI has unveiled a major overhaul of its forex risk capital framework, introducing a consolidated Net Open Position (NOP) calculation and aligning rules with global Basel standards. What does this mean for banks, the rupee, and capital flows into India? In this conversation, Kotak Securities' Anindya Banerjee explains how the new framework aims to curb speculation, reduce onshore-offshore arbitrage, and stabilize the rupee. He also discusses the impact of RBI's FCNR(B) measures, falling oil prices, FII debt flows, and why the rupee could strengthen further in the coming months. Plus, his outlook on gold, commodities, US rates, and the global macro environment.
Craft Emerging Market Fund buys 2.57% stake in Rajputana Stainless on listing day
Rajputana Stainless shares remained below its issue price of Rs 122 after gap-down opening, closing 7.35 percent lower at Rs 113.03 on the National Stock Exchange.
Commodity Corner: Oil, gold decline as geopolitical risks ease; dollar remains in focus
Other precious metals also declined, with silver falling 1.1% to $58.50 per ounce, while platinum and palladium traded lower.
Commodity Corner: Oil prices rebound on middle east peace deal hopes; gold near weekly high
Among other precious metals, silver surged 6.4 percent to $77.48, while platinum and palladium also traded higher.
Commodity Corner: Oil rebounds, gold steadies as markets assess Middle East developments
Other precious metals outperformed, with silver surging 3 percent. Platinum and palladium also traded higher.
Commodity Corner: Oil price rise, gold slips amid middle east tensions
Brent crude futures climbed more than 1 percent in early Asian trade to $97.32 per barrel, while U.S. West Texas Intermediate (WTI) crude traded slightly above Monday’s last traded level.