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Tech volatility weighs on global stocks; oil falls towards four-month low
Global stocks fell as Apple's price hikes rattled tech shares, while oil slid on easing supply fears and gold edged higher on a weaker US dollar
Global Market Today: Asian stocks decline led by tech, oil holds steady
Asian markets saw a dip, led by a pullback in heavyweight chip stocks after a strong rally. US futures remained steady following a volatile session on Wall Street, where tech giants like Apple experienced significant declines. Investors are closely watching the sustainability of high tech valuations amid concerns over AI spending and potential interest rate adjustments by the Federal Reserve.
Oil falls to pre-war levels, no change in petrol and diesel prices in India
Global crude oil prices have fallen to their lowest levels since before the Iran conflict, with Brent slipping to around USD 72–73 per barrel and US crude below USD 70, effectively reversing the earlier geopolitical risk premium. Despite the global correction, petrol and diesel prices in India have not yet been reduced, as state-run fuel retailers continue to adjust pump prices based on average crude trends rather than daily movements.
INR settles higher as global crude oil prices continue to slide
The Indian rupee appreciated 16 paise to settle at 94.39 (provisional) against the US dollar on Thursday as global crude oil prices continued to slide. Positive sentiments in the domestic equity markets and a marginally weaker greenback further supported the local unit while FII outflows prevented sharper gains. At the interbank foreign exchange, the rupee opened at 94.30 against the dollar and traded in the range of 94.13-94.56. It settled at 94.39 (provisional), up 16 paise from the previous close. Indian shares gave up some early gains to end modestly higher on Thursday. Underlying sentiment remained underpinned somewhat as oil prices extended declines to levels seen before the Middle East conflict on signs of improving flows through the Strait of Hormuz, a key maritime route that handles around one-fifth of global oil supplies.
Stock Markets End in Green Buoyed by Falling Oil Prices and Positive Global Cues - Rediff
Stock Markets End in Green Buoyed by Falling Oil Prices and Positive Global CuesRediff
Stock Markets End in Green Buoyed by Falling Oil Prices and Positive Global Cues - Rediff
Stock Markets End in Green Buoyed by Falling Oil Prices and Positive Global CuesRediff
Iran's IRGC Warns Ships Using New Hormuz Route Face Danger
IRGC warned ships against using new Hormuz routes, raising fresh concerns over global oil flows.
ONGC, bp sign technical services contract to boost production from Western Offshore Basin
ONGC and bp have inked a deal to boost oil and gas output from the Western Offshore Basin. This partnership leverages bp's global expertise to enhance production from India's most prolific hydrocarbon region. The agreement aims to curb production decline, improve recovery rates, and strengthen the nation's energy security, building on successful collaboration at Mumbai High.
India's AI infrastructure opportunity is being underestimated, says Abhay Laijawala
Abhay Laijawala, MD & CIO-India at Lighthouse Canton, believes key concerns weighing on India—including oil prices, currency stability and the perception that India lacks an AI story—are turning into tailwinds. He argues investors are overlooking India's role in the global AI infrastructure buildout, spanning data centres, power, cooling systems and capital goods. Laijawala is positive on engineering, capital goods and textiles, while remaining cautious on consumer staples due to El Niño risks.
Why is market rising today? Sensex soars 800 pts, Nifty above 24,250. 3 key factors powering D-St bulls
Indian stock markets experienced a significant surge on Thursday, with both the Sensex and Nifty climbing over 1%. This bullish trend was fueled by declining crude oil prices and positive global market signals. The Sensex saw a jump of nearly 800 points, while the Nifty 50 rose by over 200 points, injecting substantial value into the overall market capitalization.
AI to remain both the biggest market driver and risk over the coming quarters, says Invesco
David Chao, Global Market Strategist–Asia Pacific at Invesco, believes India's investment case is improving, supported by lower crude oil prices, strengthening earnings expectations and expanding corporate margins. While valuations remain relatively expensive, he expects Indian equities to deliver strong performance in the second half of the year, with financial and banking stocks emerging as key beneficiaries of rising demand for capital.
IndiGo, SpiceJet shares rally up to 4% as crude oil prices fall below pre-war levels after 42% crash
Aviation stocks, including IndiGo and SpiceJet gained after crude oil prices declined sharply as supply concerns eased following progress in the Iran conflict. Lower fuel costs lifted sentiment for airlines, while investors assessed the potential recovery in travel demand and normalisation of global aviation operations.