Separately, battery chemicals and semiconductor chemicals are emerging as new growth areas, with Neogen Chemicals Ltd and Acutaas indicating traction in battery chemicals, and Acutaas and Aether making progress on product development for semiconductors, it added. Even so, Kotak cautions that there isn’t enough visibility around a full-blown recovery in sector fundamentals yet. Stock returns…
US-Iran war: Global brokerage Morgan Stanley has turned cautious on Asian equities, including India, amid concerns that the conflict in the Middle East could disrupt supply chains if oil flows through the Strait of Hormuz fail to recover. The brokerage sees India as the most exposed to potential Qatari liquefied natural gas supply disruptions, therefore…
The escalating confrontation between the United States and Iran has created major geopolitical and economic challenges for India, which has deep strategic, energy and diaspora ties across West Asia, currently under turbulence. The US and Israel jointly launched strikes on Iran on February 28 following failed nuclear talks. The strikes killed Supreme Leader Ayatollah Ali…
Prosperous Gulf monarchies are encountering their most severe food security obstacles since the 2008 international food emergency, as the Iranian war endangers maritime hubs and hampers transit through the Strait of Hormuz. This middle east conflict is evaluating tactics implemented after 2008, when skyrocketing food costs drove Gulf states to pivot toward import-heavy frameworks centered…
HOUSTON, March 5 (Reuters) – Oil prices jumped 5% on Thursday, extending a rally as the escalating US-Israeli war with Iran disrupted supplies and shipping, driving some major producers in the Middle East to reduce output. Brent crude was up $4.09, or 5.02%, at $85.49 per barrel by 1:37 pm EST, a fifth session of…
Following a smart recovery in the previous session, the US stock market is likely to open Thursday’s session, 5 March, on a flat note. Futures of the three key averages — the S&P 500, Dow Jones Industrial Average and Nasdaq — are trading mixed at 0.01%, -0.33% and 0.01%, respectively, in pre-market trade as investors…
The conflict has triggered a record-low rupee and a foreign sell-off, leaving Indian markets caught between soaring oil prices and a strengthening dollar. Source
Ever since the war between Israel and Iran started, Asian, Middle East and some western countries are in great tension. As soon as the war started, Iran had announced the closure of the Strait of Hormuz, due to which the Middle East countries, which export oil and gas, and the Asian and Western countries, which…
“We believe that FPI positioning continues to be light (~3% underweight across global, Asia ex-Japan, emerging markets, and global ex-US funds), which was mainly driven by them using India as a funding market to invest in the likes of Korea, Taiwan, and China,” said Jay Kothari, head of international business, DSP Mutual Fund. Source
Amidst the war in the Middle East, Russia is ready to provide oil to India. About 95 lakh barrels of Russian crude oil is present in ships near Indian waters and could reach India within a few weeks. Reuters has given this information quoting an informed source in the industry. The source said that it…
