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IndiGo shares crack nearly 30% from peak. Will Iran war, soaring oil prices cause more turbulence?
InterGlobe Aviation faces significant challenges in 2026 due to new FDTL norms causing pilot shortages and widespread disruptions. The Israel-Iran conflict further impacted operations with airspace restrictions and rising oil prices, leading to a net loss in Q4 FY26. Analysts remain cautious, with the outlook dependent on oil prices and geopolitical stability.
Maruti Suzuki to fuel India's ethanol shift with first flex-fuel car that's coming soon
India's auto sector is set for a revolution with Maruti Suzuki launching the country's first mass-market flex-fuel passenger vehicle. This move supports green mobility and reduces oil imports. The vehicle can run on petrol and ethanol blends up to 100 percent. This initiative boosts the rural economy and promotes cleaner transport. The government is also expanding E100 fuel infrastructure nationwide.
Strong earnings: Vedanta, JSW Steel among 10 largecaps that reported best Q4 results
Indian markets conclude the Q4 earnings season with robust results. Vedanta, JSW Steel, Muthoot Finance, Indian Oil Corporation, Tata Steel, Hindustan Zinc, Samvardhana Motherson, Mahindra & Mahindra, Siemens Energy, and BPCL reported significant year-on-year growth in profits and revenues. This widespread outperformance across various sectors signals a strong financial performance for these large-cap companies.
Q4 earnings review: Motilal Oswal highlights broad-based beat on estimates, lists 6 sectors that exceeded expectations
Motilal Oswal said Q4 FY26 earnings surpassed expectations, with aggregate profits rising 16% year-on-year against its 8% estimate. Strong performances from BFSI, metals, OMCs, technology, telecom and automobiles drove the beat, while oil & gas lagged. The brokerage remains selective, favouring domestic growth-oriented sectors and stocks.
Sensex Today | Stock Market LIVE Updates: GIFT Nifty trades lower; Jefferies cuts IndiGo target
Sensex Today | Stock Market LIVE Updates: There is still no definitive outcome of the US-Iran negotiations and that remains a key talking point. Oil prices are rebounding this morning as well. A break below the 23,500 mark could open up further downside for the Nifty towards the May series low of 23,262.
Trade Setup for June 1: Nifty hovers around key supports with RBI Policy the next major trigger
Investors will closely track the RBI's monetary policy decision next week, along with developments in US-Iran negotiations, crude oil price movements and shipping activity through the Strait of Hormuz.
Transport association urges government to cut fuel prices as crude falls to $90/barrel
The All India Motor & Goods Transport Association is calling on the Central Government to lower petrol and diesel prices. They point to a significant drop in international crude oil rates. The association states that consumers and transporters are not benefiting from this global price fall. Higher fuel costs are impacting essential goods and contributing to inflation.
Oil prices slips as Iran-US ceasefire extension talks ease Hormuz disruption fears
Crude prices fall after reports of a proposed 60-day ceasefire extension and possible easing of shipping restrictions through the Strait of Hormuz, even as US-Iran tensions remain unresolved.
Merchant ships desert Strait of Hormuz amid renewed US strikes
Commercial shipping traffic through the Strait of Hormuz nearly came to a halt on Thursday as fears of renewed military escalation between the US and Iran intensified. Ship-tracking data showed no commercial vessels crossing the key oil chokepoint Thursday morning after only six two-way crossings on Wednesday.
US stock market today: Dow Jones, Nasdaq slip as Middle East tensions intensify; Brent crude rebounds
US stock futures pointed to a weak opening as tensions in West Asia raised crude oil prices, heightening inflation concerns. S&P 500 futures fell 0.3%, while Nasdaq and Dow futures also declined. Investors await PCE data for insights on future Fed policy amid ongoing geopolitical conflicts.
Three oil, LNG tankers exit Hormuz with transponders off
Two supertankers and an LNG tanker, with transponders off, exited the Strait of Hormuz bound for India and China. These vessels, carrying crude oil and naphtha, are heading to ports in China and India, despite overall limited traffic through the key waterway. The ongoing conflict has significantly impacted shipping in the region.
US Stock Market Today: S&P 500, Nasdaq Edge Higher As Oil Retreats; Micron Rockets Another 6%
Iran has reportedly committed to restore the number of ship transits through the Strait of Hormuz to pre-war levels within one month if the United States removes their naval blockade and withdraws military forces from the country's vicinity.