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Mumbai (PTI): Equity benchmark indices Sensex and Nifty were trading sharply higher on Wednesday afternoon trade in-tandem with an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,988.82 points or 4 per cent to 77,605.40. The 50-share NSE Nifty surged 890.35 points or 3.85 per cent to 24,014. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen & Toubro ...Read More >
New Delhi, April 8 (SocialNews.XYZ) The Indian rupee on Wednesday showed positivity for a fourth consecutive session against the dollar, tracking gains in global equities after the United States and Iran agreed to a two-week ceasefire, offering markets respite from turbulence driven by the West Asia conflict. The domestic currency rose 0.4 per cent to 92.61 against the dollar from its previous close of 93. This comes after US President Donald Trump announced a temporary ceasefire with Iran, ea ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies soared on Wednesday, with HPCL climbing 9 per cent, as crude oil prices retreated sharply to fall below the USD 100 mark after the US and Iran announced a two-week ceasefire. Brent crude, the global oil benchmark, dropped 14.03 per cent to USD 93.87 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9 per cent to Rs 361.35 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 8.83 per cent to Rs 30 ...Read More >
Mumbai: Gold and silver prices on Wednesday traded sharply higher due to safe-haven demand, even after a two-week ceasefire plan was announced by US President Donald Trump. On the Multi Commodity Exchange (MCX), gold futures (June 5) jumped as much as Rs 3,688 or 2.45 per cent to an intraday high of Rs 1,53,977 as of 10:52 AM. The yellow metal was trading at Rs 1,53,920, up Rs 3,631 or 2.42 per cent. It touched an intraday low of Rs 1,53,301, a gain of 2 per cent from the previous close. On t ...Read More >
MUMBAI: India's equity market cheered the two-week ceasefire in West Asia and the reopening of the Strait of Hormuz as benchmark indices- the BSE Sensex and the NSE Nifty50- sprinted almost 4% in early trade deals. The Sensex surged 2,800 points, or 4%, to an intraday high of 77,456, while the Nifty50 jumped over 800 points, or 3.7%, to the day's high of 23,961. The relief rally came after US President Donald Trump said that Washington would suspend military actions against Iran for two weeks a ...Read More >
New Delhi: Global oil prices dropped sharply after Donald Trump announced a two-week ceasefire with Iran, easing supply concerns and triggering a positive reaction across financial markets. Sharp Fall in Crude Prices Brent crude prices fell significantly from around $109.77 to nearly $95 per barrel, while US West Texas Intermediate (WTI) crude also declined by almost $20 per barrel within minutes of the announcement. The sharp correction came as investors anticipated a normalization of oil su ...Read More >
New Delhi, April 8 (SocialNews.XYZ) Global crude oil prices on Wednesday plunged sharply up to 20 per cent, after US President Donald Trump announced a two-week ceasefire with Iran that includes a pledge to restore navigation through the Strait of Hormuz -- the narrow waterway at the heart of the world's most acute energy crisis in decades. The international benchmark Brent crude futures shed nearly 16 per cent or $17.39 to $91.88, hitting an intraday low, while US WTI crude declined almost 20 ...Read More >
New Delhi [India], April 8 (ANI): Indian benchmark indices opened with significant gains on Wednesday as global investor sentiment improved following the announcement of a ceasefire between the United States and Iran. BSE Sensex stood at 77,230.04 points, marking an increase of 2,613.46 points or 3.50 per cent at 9:15 am. Simultaneously, NSE Nifty 50 stood at 23,855.15 points, up by 731.50 points or 3.16 per cent. A key trigger for the rally was the sharp correction in crude oil prices, with Br ...Read More >
Mumbai, Apr 8 (PTI) Stock market benchmark indices Sensex and Nifty surged in early trade on Wednesday following a sharp rally in global peers and a significant drop in crude oil prices after the US and Iran announced a two-week ceasefire. The 30-share BSE Sensex jumped 2,775.73 points or 3.71 per cent to 77,392.31 in early trade. The 50-share NSE Nifty surged 815.2 points or 3.52 per cent to 23,938.85. From the 30-Sensex firms, InterGlobe Aviation jumped the most by nearly 10 per cent. Larsen ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 50 paise to 92.56 against the US dollar in early trade on Wednesday after US President Donald Trump announced suspension of military strikes against Iran for two weeks. Forex traders said the two-week ceasefire announcement triggered a wave of outsized bargain buying amongst the risk assets as Asian Stocks, Dow futures, Gold and Silver all rallied while Brent Oil fell below USD 100 to USD 96 per barrel. The rupee in accordance surged to 92.56 levels, w ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices retreated sharply on Wednesday crashing by 6 per cent to hit their lower circuit level in futures trade, tracking weak global benchmarks after the US and Iran announced a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil futures for the April delivery slumped by Rs 640, or 6 per cent, to Rs 10,029 per barrel -- its lower circuit limit. Similarly, the May contract declined by Rs 565, or 6 per cent, to Rs 8,860 per barrel, also hitting i ...Read More >
Mumbai: Dalal Street witnessed a major relief on Wednesday, with equity benchmarks opening sharply higher, jumping more than 3 per cent each after the announcement of a two-week ceasefire in the US-Israel-Iran conflict by both sides. Sensex climbed as much as 3.71 per cent or 2,775 points to 77,392, hitting an intra-day high in early trade. Similarly, Nifty traded at 23,938, up 3.52 per cent or 815 points, from the previous close amid buying in auto, realty, banking, IT, and metal sector stocks ...Read More >
MUMBAI, April 8 (Reuters) - The Indian rupee is set to open higher on Wednesday in the run‑up to the central bank's policy decision, buoyed by plunging oil prices and the rally in Asian currencies after a two‑week Middle East ceasefire. The rupee is likely to open in the 92.40-92.50 range versus the U.S. dollar, having settled at 93.0075 on Tuesday. Brent crude June futures plunged nearly 14% to $94.10 a barrel, U.S. equities rallied more than 2%, while South Korean and Japanese shares climbed ...Read More >
New Delhi [India], April 8 (ANI): Asian stock markets spiked on Wednesday morning after the news of a two-week ceasefire between the United States and Iran. Oil prices fell sharply following the de-escalation of military tensions in the Middle East and the promised reopening of the Strait of Hormuz. Japan's Nikkei 225 led the rally with a 5.28 per cent surge, up by 2,822.44 points, while South Korea's KOSPI rose 5.61 per cent or by 308.11 points. India's GIFT NIFTY also climbed over 3 per cent ...Read More >
NEW DELHI: Crude oil prices in the international market dropped sharply following the announcement of a ceasefire by the United States in the ongoing West Asia conflict. Brent crude prices fell by more than 13%, trading at $94.94 per barrel -- down 13.62% or $14.88 -- at 7:04 AM Indian Standard Time. Meanwhile, US WTI crude declined by 14.60%, or $16.49, to $96.46 per barrel. The conflict, now in its 35th day, had pushed crude prices to nearly double their pre-war levels. Brent crude, which w ...Read More >
New Delhi [India], April 8 (ANI): Asian stock markets spiked on Wednesday morning after the news of a two-week ceasefire between the United States and Iran. Oil prices fell sharply following the de-escalation of military tensions in the Middle East and the promised reopening of the Strait of Hormuz. Japan's Nikkei 225 led the rally with a 5.28 per cent surge, up by 2,822.44 points, while South Korea's KOSPI rose 5.61 per cent or by 308.11 points. India's GIFT NIFTY also climbed over 3 per cent ...Read More >
Mumbai, April 7: Stock market benchmark indices Sensex and Nifty ended higher on Tuesday, as a drop in crude oil prices and a rally in global markets calmed investors' sentiment. Also, buying in IT stocks aided recovery in the markets after early losses. The 30-share BSE Sensex jumped 509.73 points, or 0.69 per cent, to settle at 74,616.58. During the day, it hit a high of 74,686.32 and a low of 73,282.41, gyrating 1,403.91 points. The 50-share NSE Nifty climbed 155.40 points, or 0.68 per cent ...Read More >
Benchmark Brent crude cost about $109 a barrel on Tuesday, and has remained above or around $100 for more than three weeks, up over 50% from about $70 just before the conflict began on February 28. Risks sharpen for the global economy if oil moves above $110 or $120 a barrel, warned Nathan Sheets, chief global economist at Citi and a former U.S. Treasury Department official. "As this shock gets bigger and bigger, the risks of recession are rising significantly...There are likely some thresho ...Read More >
Mumbai, April 3 (IANS) Indian equity markets closed lower for the sixth consecutive week amid escalating geopolitical tensions in West Asia and sharp currency fluctuations, with both headline indices ending in the red during a shortened four-day trading week. Sensex ended at 73,319.55 on Thursday, down 263.67 points or 0.35 per cent, compared to the previous Friday's close. Nifty 50 settled at 22,713.10, a decline of 106.50 points or 0.46 per cent on a week-on-week basis. In the final session ...Read More >
Mumbai, Apr 7 (PTI) The rupee depreciated 16 paise to close at 93.06 against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market participants ...Read More >
New Delhi, Apr 7 (PTI) Silver prices declined by Rs 2,000 to Rs 2.40 lakh per kilogram, while gold slipped to Rs 1.53 lakh per 10 grams in the national capital on Tuesday as investors turned cautious ahead of US President Donald Trump's deadline to Iran for reopening the Strait of Hormuz. According to the All India Sarafa Association, the white metal depreciated by Rs 2,000, or nearly 1 per cent, to Rs 2,40,000 per kilogram (inclusive of all taxes) from Monday's closing level of Rs 2,42,000 per ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): The domestic equity markets witnessed a highly volatile session on Tuesday, opening in the red amid selling pressure but recovering sharply by the close, supported by gains in IT and metal stocks. The benchmark indices ended the session on a strong note, with the Nifty closing at 23,015.90, up 155.40 points or 0.68 per cent. The BSE Sensex also surged by 509.73 points or 0.69 per cent to settle at 74,616.58. Also Read | Apple Foldable iPhone 'Ultra' ...Read More >
Mumbai (Maharashtra) [India], April 7 (ANI): The domestic equity markets witnessed a highly volatile session on Tuesday, opening in the red amid selling pressure but recovering sharply by the close, supported by gains in IT and metal stocks. The benchmark indices ended the session on a strong note, with the Nifty closing at 23,015.90, up 155.40 points or 0.68 per cent. The BSE Sensex also surged by 509.73 points or 0.69 per cent to settle at 74,616.58. Market sentiment remained cautious during ...Read More >
Mumbai (PTI): The rupee depreciated 10 paise to close at 93.00 (provisional) against the US dollar on Tuesday, as investors remained on edge ahead of US President Donald Trump's deadline for the opening of the Strait of Hormuz and the Reserve Bank's monetary policy review. Forex traders said the USD/INR pair is trading under pressure, dragged down by unabated withdrawal of foreign capital, a firm dollar, and higher crude oil prices amid a volatile geopolitical situation. Moreover, market parti ...Read More >
New Delhi, Apr 7 (PTI) Crude oil prices rose nearly 3 per cent to hit a record high of Rs 10,888 per barrel in futures trade on Tuesday, tracking strong global cues as tensions between the US and Iran intensified ahead of President Donald Trump's deadline for reopening the Strait of Hormuz. On the Multi Commodity Exchange (MCX), crude oil for April delivery increased by Rs 300, or 2.83 per cent, to hit a lifetime high of Rs 10,888 per barrel. Similarly, the May contract also advanced Rs 170, o ...Read More >
Mumbai: Indian stock markets witnessed sharp volatility on Tuesday. The indices opened weak, saw a quick recovery, but failed to hold gains later in the session. As per latest data, the Nifty 50 was trading at 22,945.70, down 22.55 points, while the BSE Sensex stood at 74,007.92, lower by 98.93 points. The day started on a weak note, with Nifty around 22,950. It soon dropped sharply to the day's low near 22,719, before recovering to above 22,900 levels. However, another round of selling dragged ...Read More >
New Delhi, April 7: Gold and silver prices showed volatility in Tuesday's session amid geopolitical tensions following US President Donald Trump's recent aggressive posts on Iran. On the Multi Commodity Exchange (MCX), gold futures (June 5) were trading at Rs 1,50,228, up Rs 247 or 0.16 per cent at 11:35 am. On the intraday front, the yellow metal rose as much as 0.32 per cent or Rs 493 to Rs 1,50,474. Earlier in the session, before 10 am, it was trading lower by 0.23 per cent or Rs 356 at Rs 1, ...Read More >
MUMBAI: Stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday as surging crude oil prices amid growing uncertainty about the fate of West Asia war dented investors' sentiment. Unabated foreign fund outflows also added to the gloom. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. From the 30-Sensex firms, InterGlobe Aviation, Eternal, Axis Bank, Mahindra & Mahindra, State Bank of ...Read More >
Mumbai: Stock market benchmark indices Sensex and Nifty declined in early trade on Tuesday as surging crude oil prices amid growing uncertainty about the fate of West Asia war dented investors' sentiment. Unabated foreign fund outflows also added to the gloom. The 30-share BSE Sensex tumbled 824.44 points to 73,282.41 in early trade. The 50-share NSE Nifty dropped 248.95 points to 22,719.30. From the 30-Sensex firms, InterGlobe Aviation, Eternal, Axis Bank, Mahindra & Mahindra, State Bank of In ...Read More >
New Delhi: Global crude oil prices on Tuesday hit new highs, jumping more than 3 per cent amid geopolitical tensions and US President Donald Trump's Tuesday deadline to reopen the Strait of Hormuz to Iran. Brent crude futures advanced as much as 1.69 per cent, or $1.86, to $111.63, an intraday high as of 9:57 am. The US West Texas Intermediate crude futures increased more than 3 per cent or $4.15 to $116.87. Brent crude has witnessed a gain of over 60 per cent since the conflict began from $72. ...Read More >
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