Russian President Vladimir Putin on Monday (local time) warned that the US-Israeli war on Iran has pushed global energy markets into crisis, saying oil flows linked to the Strait of Hormuz could face a complete halt in the coming weeks. He also said Russia remains open to restoring long-term energy cooperation with European nations if…
he US Dollar stands to gain on surging oil prices as the US is energy dependent. (AI image) Gold price prediction today: Gold prices are competing with the strength in dollar amidst the Middle East crisis, says Praveen Singh, Senior Fundamental Research Analyst- Currencies and Commodities at Mirae Asset Sharekhan:Gold Performance: In the week ending…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex opened in green on Tuesday after a major selloff on Monday amidst US-Iran war and oil price uncertainty. While Nifty50 went above 24,150, BSE Sensex was up over 580 points. At 9:16 AM, Nifty50 was trading at24,186.90, up 159 points or 0.66%. BSE…
Market participants are now awaiting the release of the US consumer price index for February, scheduled for Wednesday, as well as the Personal Consumption Expenditures index, the Federal Reserve’s preferred inflation gauge, due on Friday. Among other precious metals, spot silver rose 3 per cent to $89.60 per ounce. Platinum gained 1.2 per cent to…
Morgan Stanley maintained an overweight rating on Reliance Industries with a target price of Rs 1,803. Analysts said tight global markets are keeping refining margins higher. The company can process heavy and sour crude which is supportive for the stock. The company also has a diversified crude sourcing process among global refiners which also supports…
MUMBAI: Rising crude oil prices in the international markets took a heavy toll on most oil & gas, and paints stocks as these industries face the prospect of runaway raw material rates. At Monday’s close, among the leading stocks from these two sectors, BPCL was down 6.1%, HPCL 5.1%, GAIL 4.3% and Asian Paints 2.6%.On…
MUMBAI: The rupee fell to a record low on Monday and closed at 92.33, down 58 paise from Friday’s close of 91.75, as escalating conflict in West Asia pushed crude oil prices to around $119 a barrel and triggered foreign capital outflows from oil-importing markets seeking safer assets. The currency touched a record low of…
US President Donald Trump on Tuesday said that he would remove “some oil sanctions” to reduce the soaring prices as the crude cost hit $100 a barrel amid Iran war.“We’re also waiving certain oil-related sanctions to reduce prices,” he said addressing reporters. “We’re going to take those sanctions off till this straightens out,” he added.Moreover,…
NEW DELHI: With nearly 40% of India’s LNG flow hit due to the West Asia conflict, govt is working on an “optimisation plan” for industries, including priority segments such as fertiliser. Those familiar with the discussions said the petroleum ministry could work out the arrangement as early as Tuesday, with a reduction in supply to…
BENGALURU: Karnataka govt has suspended online sales of Mysore silk saris after surging orders outstripped supply of the GI-tagged weave made with pure mulberry silk, gold zari and silver threads. State-owned Karnataka Silk Industries Corporation will prioritise limited stocks for buyers visiting its exclusive outlets.Sericulture minister K Venkatesh made the announcement in the assembly on…