The International Energy Agency (IEA) on Sunday (local time) shared an update regarding the release of emergency oil as the US and Israel’s war on Iran rages on. The agency said oil from the agency’s emergency reserves will soon start flowing to global markets to address supply disruptions. Earlier this week, the IEA announced that…
Indian benchmark indices have seen sharp swings as global concerns weigh on risk appetite. Heightened tensions in the Middle East have contributed to a notable decline in domestic equities by disrupting global energy markets and pushing crude oil prices materially higher (at one point rising about 30% to above $110 per barrel). A key risk…
The combined market valuation of the top-10 domestic firms eroded sharply by ₹4.48 lakh crore last week, in tandem with a steep decline in equities, with banking majors State Bank of India and HDFC Bank taking the biggest hit. Last week, the BSE benchmark Sensex tanked 4,354.98 points or 5.51 per cent, and the NSE…
US-Iran war: Amid the ongoing US-Iran war, sugar stocks have remained in focus as rising crude oil prices make Indian sugar companies more attractive, given the government’s push for ethanol blending. On Friday, sugar stocks declined by as much as 5%, with Avadh Sugar & Energy and Balrampur Chini Mills emerging as the top laggards….
Dr Joseph Thomas, Head Of Research, Emkay Wealth Managementsaid the rise in crude oil prices could be short-lived as it has been sparked by the ongoing Middle East conflict, though some impact on India Inc earnings and economic growth cannot be ruled out. He advises against tweaking the portfolio amid this setup. Additionally, among the…
Petrol, diesel prices on 14 March 2026: Petrol and diesel prices across several Indian cities witnessed slight price movement but rates largely remained unchanged on Saturday. This stability in fuel prices continues even as global oil markets continue to experience sharp volatility amid geopolitical tensions due to Middle East conflict. To align fuel prices with…
Pakistan stock market: The latest conflict in the Middle East, which is showing no signs of abating and keeping the crude oil prices elevated, is wreaking havoc in the Pakistan stock market, driving the worst intraday declines for its benchmark indices — KSE 30 index during this month. The KSE 30 index crashed as much…
(Updates to mid-afternoon trading) * Indexes down: Dow off 0.07%, S&P 500 down 0.47%, Nasdaq drops 0.97% * Q4 GDP slashed in half, PCE inflation remains elevated, capital goods orders disappoint * Meta drops following report of AI rollout postponement * Adobe falls after CEO Shantanu Narayen to leave amid AI disruption worries By Stephen…
Not just a freaky Friday, but it has indeed been a freaky month. Spooked by the US-Iran war, rising crude oil prices and the spillover effect on the Indian economy, stock market sentiment has turned extremely risk-off. On Friday, March 13, the flagship Nifty 50 index of the Indian stock market slumped almost 450 points,…
Mumbai: Battered by the ongoing conflict in West Asia and its ripple effects on global markets, Indian equities endured their steepest weekly decline in nearly six years, with benchmark indices dropping more than 5% during the week. A sharp spike in crude oil prices, persistent foreign institutional investor (FII) outflows, and a broader risk-off mood…
