Market News

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.

RIL AGM 2026: Date, Time & 4 Big Things to Watch (Jio IPO, Retail, Energy)

Essar arm secures $500 million crude and product facility from Abu Dhabi's IRH

Essar Energy Transition Fuels has partnered with Abu Dhabi's IRH Global Trading. A $500 million facility will diversify crude sourcing and product marketing for the Stanlow refinery. This agreement enhances feedstock security amid global energy market volatility. It also supports Essar's low-carbon energy ambitions. The deal strengthens supply chains and operational resilience for a key UK refining hub.

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.

Madhya Pradesh set to emerge as a major nuclear power hub in country: Official

Madhya Pradesh is becoming a significant nuclear power center. Projects totaling 7,000 MW are underway, with more private sector proposals being considered. This development aligns with national goals for clean energy. The state's proactive approach is attracting new nuclear power projects, positioning it as a key hub for future energy generation in India.

Is the Iran war just an energy shock - or a turning point?

A potential U.S.-Iran peace deal to reopen the Strait of Hormuz could signal a watershed moment for global energy markets, moving beyond a temporary blip. While immediate relief is expected, the long-term impact hinges on consumer and government behavior shifts towards renewables and EVs, potentially challenging fossil fuel dominance.

US-Iran truce lifts markets; Sensex gains 736 points as oil prices fall

Indian equities advanced along with global markets after the US and Iran agreed on a framework to end the conflict, raising hopes of lower energy prices

India aims to reach 155 GW of installed wind energy capacity by 2035: Union minister Joshi

India is targeting 100 gigawatts of wind energy by 2030 and 155 gigawatts by 2035. A new digital portal, WT-MARUT, has been launched to strengthen the wind turbine supply chain. This initiative will boost domestic manufacturing and enhance India's global competitiveness. The country is already a major player, with significant growth in wind power installations.

Silver prices jump ₹6,000 to ₹2.52 lakh/kg amid easing West Asia tensions

Silver prices rallied by Rs 6,066 to Rs 2.52 lakh per kilogram in futures trade on Monday as easing geopolitical tensions in West Asia and a weaker US dollar improved sentiment in the bullion market. On the Multi Commodity Exchange, the white metal for July delivery surged Rs 6,066, or 2.46 per cent, to Rs 2,52,252 per kilogram in a business turnover of 11,420 lots. In the past week, silver fell Rs 2,351, or nearly 1 per cent, to Rs 2.46 lakh per kg. The rebound comes after US and Iranian officials announced that they had reached an initial agreement to end the conflict, lift the US naval blockade on Iran and reopen the Strait of Hormuz, a key route for global energy supplies. In a post on Truth Social, US President Donald Trump said, "The deal with the Islamic Republic of Iran is now complete," adding that he had authorised the reopening of the Strait of Hormuz and the immediate removal of the US naval blockade. In the international markets, Comex silver futures for July contract

RIL AGM 2026 this week: Date, time, where to watch live and what to expect

Reliance Industries' 49th AGM on June 19 is expected to draw investor attention for updates on the much-awaited Jio IPO, Reliance Retail's expansion plans and progress in its new energy business. Markets will also closely watch Chairman Mukesh Ambani's commentary on growth strategy and future value creation.