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BPCL, HPCL, IOC shares jump up to 5% as oil's skyrocketing rally cools down on fresh Iran-US peace talk hopes
OMC stocks surged as easing oil prices, driven by renewed hopes of US-Iran peace talks, lifted sentiment. Crude remained below the key $100 mark, reducing margin pressure concerns. Improved geopolitical outlook and steady vessel movement through Hormuz supported gains, while refiners also traded higher amid broader optimism in energy markets.
Wall Street opens higher as inflation meets estimates; weekend Iran talks in focus
US stocks rise as March inflation meets forecasts despite energy surge, Iran ceasefire talks eyed, oil stays below 100, Indian Sensex and Nifty jump nearly 6 percent for week
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.
Pre-market action: Here's the trade setup for today's session
Indian stock markets saw a dip on Thursday. Investors are watching developments in West Asia. Near-term support might come from easing tensions and stable oil prices. However, a sustained recovery depends on the US-Iran situation, energy prices, and liquidity. The India VIX, a fear gauge, increased. Foreign investors were net sellers.
Top Gainers & Losers on April 09: Ola Electric, Meesho, Ather Energy, Honasa Consumer, HFCL among top gainers
Renewed Middle East tensions and increasing oil prices caused the Indian stock market to retreat, snapping a five-day winning streak. The Nifty 50 fell nearly 1% and the S&P BSE Sensex by 1.22%, while the broader market saw gains in several sectors.
Crude is now less rude: What $90 oil means for your stocks, rupee, Indian economy
Global oil markets may be entering a structurally higher price regime, with Brent expected to remain elevated despite a US-led Israel-Iran ceasefire. India faces near-term relief but faces risks of imported inflation and a widening current account deficit. While valuations are attractive, sustained foreign investor inflows hinge on West Asian stability and declining crude prices.
Has the Indian stock market priced in the US-Iran war? DSP MF explains why it is time to increase exposure to equities
As the US-Iran conflict escalates and oil prices surge, the Indian stock market faces uncertainty. DSP Asset Managers suggests that despite current headwinds, it might be an opportune moment to increase equity exposure.
Nifty gave zero return to FIIs in 4.5 years. Can India win back fleeing foreign investors?
Foreign investors have experienced no returns in Indian stocks for four and a half years. A combination of war, currency weakness, and oil price shocks has led to record outflows. Global brokerages are downgrading India's outlook. However, some see current low valuations as a potential turning point for foreign inflows.
Rupee breaches 93 per US dollar for the first time amid US-Iran war, FII outflows
The Indian rupee fell to 93 per US dollar for the first time on March 20, exacerbated by Middle East conflicts impacting global energy supplies. Analysts predict continued pressure on the rupee, with over $8 billion withdrawn from domestic equities in March due to rising oil prices.
Crude oil surges above $119 amid Iran conflict, Gulf energy attacks raise supply fears
Crude prices surged past $119 a barrel as attacks on Gulf energy assets, including Qatar's LNG plants and Saudi Arabia's Yanbu refinery, intensified fears of prolonged market disruptions. Indian policymakers are preparing for a sustained supply crunch and higher energy prices, with refiners worried about absorbing rising costs amid government reluctance to approve retail fuel price hikes.
Hormuz chokehold leaves over 1.7 million tonnes of India’s oil, LNG and LPG cargo stranded
In the heart of the Persian Gulf, twenty-two Indian vessels laden with essential oil and gas remain stranded. With millions of tonnes of crude oil, LPG, and LNG in limbo, these ships are eagerly awaiting clearance to navigate the obstructed Strait of Hormuz. The current turmoil has significantly impacted India's energy supplies.
Indian Oil Corporation's Sri Lanka operation will maintain fuel line, provide energy security
Lanka Indian Oil Corporation (LIOC) assured continued fuel supplies amid the West Asia conflict. Managing Director K Raghu emphasized energy security for Sri Lanka.