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Crude oil futures rose by Rs 29 on the Multi Commodity Exchange as traders increased positions amid firm spot demand. Global crude benchmarks, including Brent and West Texas Intermediate, also traded higher during Wednesday’s session, supporting the positive trend in domestic futures markets
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India’s state-run oil companies are facing massive first-quarter losses as rising crude prices and frozen fuel rates widen under-recoveries. Despite global energy turmoil, petrol and diesel prices remain unchanged, forcing IOC, BPCL and HPCL to absorb daily losses while maintaining uninterrupted fuel and LPG supplies
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Major FMCG companies, including Hindustan Unilever, Dabur India and Britannia Industries, are planning calibrated price hikes due to rising crude-linked inflation, packaging costs and fuel expenses. Consumers may also face reduced product grammage amid global supply-chain disruptions
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ADB Chief Economist Albert Park said crude oil prices are likely to remain elevated due to the prolonged Middle East crisis. He warned that higher oil prices could reduce India’s GDP growth, raise inflation and affect food prices through rising fertiliser and gas costs
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OPEC+ agreed to raise June output by 188,000 barrels daily amid West Asia tensions and Strait of Hormuz blockade. United Arab Emirates exit weakens the group, while disrupted exports and diplomacy moves caused volatile global oil prices
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Indian equity benchmarks Sensex and Nifty closed lower on Thursday as rising crude oil prices and escalating tensions between the United States and Iran weakened investor sentiment. Broader markets also declined, while IT and pharma stocks showed relative resilience amid volatility
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Gold and silver prices rose on Thursday amid rising crude oil prices and growing tensions in West Asia. Gold crossed Rs 1.50 lakh on MCX during intra-day trade, while silver also gained strongly as investors reacted to global uncertainty and geopolitical developments
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Indian benchmark indices ended higher on Wednesday, although gains narrowed due to a sharp rise in global crude oil prices. Investors remained cautious amid geopolitical tensions, stalled US-Iran talks and volatility in energy markets, while select heavyweight stocks supported market sentiment
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Iran has offered to reopen the Strait of Hormuz if the US lifts its blockade and the war ends, officials said. The proposal comes amid ongoing tensions, stalled negotiations and global concerns over oil supply disruptions and rising prices
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Indian stock markets ended sharply lower on Friday as rising crude oil prices and geopolitical tensions weighed on investor sentiment. IT stocks led the decline, while concerns over inflation and current account deficit kept market participants cautious
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Traffic in the Strait of Hormuz has stalled after Iran seized vessels, disrupting a key global energy route. Rising geopolitical tensions pushed oil prices above $103 per barrel, while India faces supply concerns but maintains normal fuel operations and diversifies imports
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Indian stock markets fell for a second straight session as escalating West Asia tensions and Strait of Hormuz disruptions triggered risk-off sentiment. Sensex and Nifty dropped around 1%, with broad-based selling across sectors, while rising crude and rupee weakness added pressure
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Global oil prices surged near $100 as West Asia tensions escalated, with Brent Crude and WTI Crude rising sharply after Iran’s Strait of Hormuz warning. Market volatility increased, dragging Indian indices lower despite mixed global equity performance trends
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Chief Economic Advisor V. Anantha Nageswaran has cautioned that India’s inflation outlook faces fresh risks due to rising crude oil and commodity prices triggered by the Iran-US conflict. While India enters this phase with strong macroeconomic fundamentals, policymakers face the challenge of containing inflation without undermining growth.
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Indian equity markets rallied sharply Wednesday as Sensex and Nifty surged on global optimism and lower crude prices amid US-Iran diplomacy hopes. Gains were broad-based despite recent foreign outflows, with IT and aviation stocks leading the early advance across sectors
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State-owned oil companies Indian Oil Corporation, Bharat Petroleum Corporation Limited, and Hindustan Petroleum Corporation Limited are facing rising losses as petrol and diesel prices remain frozen despite high crude costs, increasing financial strain and raising concerns over possible future fuel price hikes
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Indian equities rebounded sharply after six weeks of losses, with Nifty 50 and BSE Sensex gaining nearly 6%. Analysts expect cautious trading ahead, driven by global geopolitical tensions, Q4 earnings, and currency and crude oil movements
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The central bank's decision to maintain the status quo signals a careful balancing act between controlling inflation and supporting economic growth in an increasingly uncertain global environment
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Benchmark indices BSE Sensex and NSE Nifty fell sharply in early trade as rising crude oil prices and West Asia tensions hurt sentiment. Heavy FII outflows added pressure, while select IT and financial stocks limited broader market losses
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Global crude oil prices surged after US President Donald Trump warned of potential strikes on Iran, heightening supply concerns. Ongoing West Asia conflict disrupted Strait of Hormuz flows, pressured markets, impacted currencies, and kept investors cautious despite slight declines in gold prices