Market News
Stay updated with the latest market trends, earnings, and economic indicators.
RIL AGM 2026: Jio IPO and 4 other big bets Mukesh Ambani could unveil this Friday
Reliance Industries Chairman Mukesh Ambani is set to reveal major plans at the 49th annual general meeting. Investors anticipate updates on the Jio IPO, a significant $110 billion AI and data center blueprint, and progress on new energy giga complexes. Retail expansion and updates on the core Oil-to-Chemicals segment are also expected.
Bitcoin price falls below $65,000: These two major global events are spooking crypto investors
Bitcoin continues to face market pressure due to geopolitical and monetary policy concerns. The US-Iran interim agreement extends the current ceasefire by 60 days, permitting toll-free oil transport through the Strait of Hormuz while addressing unresolved nuclear and economic issues.
Oil below $80 may cap fuel price hikes, boost India outlook
Falling crude oil prices below $80 a barrel are set to prevent further fuel price increases. This development is boosting India's economic outlook, with economists predicting improved inflation and growth. Lower oil costs will also help narrow the current account deficit. While wholesale inflation may react quickly, retail inflation depends on oil marketing companies' decisions.
Egypt's Pound Becomes World's Top Currency As Oil Shock Reverses
The pound had come under pressure after the war with Iran began in late February, as surging energy prices threatened to strain Egypt's budget.
Trump vows to reimpose US sanctions on Russian crude 'soon' as truce with Iran takes shape
President Trump announced that the US will soon reimpose sanctions on Russian oil, citing eased global supply concerns due to resumed flows through the Strait of Hormuz after a deal with Iran. This shift in focus allows Washington to concentrate more on the Ukraine war, as G7 leaders discuss further measures against Russia's energy revenues.
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the market.
U.S. stocks mixed as oil tumbles below $80 on hopes of U.S.-Iran deal; Fed meets on rates
Brent crude slides after optimism about a tentative U.S.-Iran agreement to reopen the Strait of Hormuz, weighing on inflation fears and energy stocks while the Fed meets under new chair Kevin Warsh and tech names wobble amid AI-driven volatility.
India may take a leaf from China's book for oil pool
India may adopt a China-like strategy for its oil reserves. Refiners could be required to hold significantly more crude oil. This move aims to protect the nation from future supply shocks. The proposal is in its early stages. Refiners might face substantial costs for storage and oil purchases. This policy could bolster India's energy security.
Rupee appreciates for 3rd straight day on easing West Asia tensions
The rupee appreciated for the third straight session on Tuesday to close 5 paise higher at 94.53 (provisional) against the US dollar, supported by easing West Asia tensions and extended fall in crude oil prices. Forex traders said that with the reported de-escalation of the US-Iran conflict and diplomatic agreements regarding the Strait of Hormuz, the immediate threat to global energy supplies has significantly reduced. Moreover, softening of the US dollar and a decline in US treasury yields also supported the USD/INR pair, they said. At the interbank foreign exchange, the rupee opened at 94.69 against the US dollar and traded in the range of 94.48-94.71. Eventually, it settled at 94.53 (provisional), up 5 paise from its previous close. "We expect the rupee to trade with a positive bias as global markets cheer the US-Iran deal, which has boosted global risk sentiments. Declining US dollar and falling crude oil prices may further support the rupee. "Easing inflation concerns and ..
SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners
Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.
Crude tumbles from $113 to $83, but relief for India will have to wait
The latest oil shock is fading much faster than the Russia–Ukraine episode, reflecting greater confidence that global energy supplies will remain intact. For India, however, lower crude prices may not immediately translate into lower inflation, stronger earnings or easier monetary policy.
Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: Analysts
Energy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening of the Strait of Hormuz are key factors. However, analysts warn of continued volatility due to supply disruptions and low inventories. India's energy security and import costs are expected to improve. Full market normalisation may take months.