The Indian stock market correction could deepen, with the benchmark Nifty 50 potentially sliding towards the 21,000 level if crude oil prices stay around $100 per barrel for the next three to four months amid a prolonged US–Iran war, according to Seshadri Sen, Head of Research and Strategist at Emkay Global Financial Services. However, Sen…
The Indian stock market has been under intense selling pressure amid the ongoing US-Iran war and the sharp rise in crude oil prices, which has heightened concerns over imported inflation in the Indian economy. Crude oil prices in the international markets have surged again towards the $100 per barrel mark following a significant escalation of…
Former US President Donald Trump said in an interview with CBS News on Monday that he feels the ongoing war against Iran is almost over. He said that this conflict has extended much further than his initial estimate of four to five weeks. The Islamic Revolutionary Guard Corps (IRGC) reacted to Trump’s statement. The organization…
Crude oil prices declined on Wednesday after a report said that the International Energy Agency (IEA) proposed the largest release of oil reserves in its history to bring down crude prices that have soared amid the US-Iran war. According to a Wall Street Journal report, the release would exceed the 182 million barrels of oil…
Asian markets plunged up to 6% on Monday as surging crude oil prices due to the war in the Middle East lead to a sharp sell-off in risky assets. Oil prices breached $100 per barrel for the first time since 2022. Japan’s Nikkei 225 tumbled 6.22% and fell below the 53,000 mark for the first…
