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New Delhi, Apr 8 (PTI) India on Wednesday welcomed the two-week ceasefire between the US and Iran and called for unimpeded freedom of navigation and flow of commerce through the Strait of Hormuz, while hoping that lasting peace will return to West Asia. New Delhi said it continuously advocated that dialogue and diplomacy are essential to bring an early end to the hostilities. The conflict was triggered by US-Israeli strikes against Iran on February 28. India's reaction came hours after Iran an ...Read More >
Mumbai, Apr 8 (PTI) Indian bond yields ended nearly 0.15 per cent lower on Wednesday, taking comfort from the conditional ceasefire in the West Asia conflict, and Reserve Bank of India (RBI) maintaining the status quo on policy rate. According to the Clearing Corporation of India (CCIL), the 10-year benchmark bond yield ended 6.8984 per cent compared to 7.0443 per cent at the previous close. Even though bond yields have eased, the central bank, in the monetary policy report, has projected 10-y ...Read More >
Mumbai: Gold and silver prices recorded a strong jump in the domestic market on Wednesday. Silver prices surged by Rs 11,000 to Rs 2,51,000 per kilogram, marking nearly a 5 percent rise in a single day. Gold also gained Rs 3,200 to reach Rs 1,56,400 per 10 grams, showing steady upward momentum. Ceasefire lifts market sentiment The main reason behind the rally is the two-week ceasefire agreement between the US and Iran. The pause in conflict reduced global uncertainty and improved investor conf ...Read More >
President Donald Trump announced the U.S. reached a ceasefire with Iran for two weeks, just hours ahead of a deadline Trump imposed. April 8 (Reuters) - U.S. stock index futures climbed on Wednesday as investors breathed a sigh of relief after the U.S. and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcementcame less than two hours before U.S. President Donald Trump's deadline, in a shar ...Read More >
Gurugram (Haryana) [India], April 8 (ANI): After tensions in West Asia rattled global oil markets, India's luxury carmakers are seeing an unexpected beneficiary, electric vehicles. Also Read | Sanju Samson Gifts New Smartphone Worth INR 40,000 to Fan After Noticing Broken Screen on His Old Mobile. BMW Group India says the ongoing geopolitical turmoil is driving a measurable shift in buyer sentiment towards EVs, and the numbers are backing it up. BMW Group India posted its highest-ever first-q ...Read More >
New Delhi, Apr 8 (PTI) Shares of oil marketing companies rallied on Wednesday, with HPCL surging nearly 10 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 15.16 per cent to USD 92.54 per barrel. The stock of Hindustan Petroleum Corporation Ltd (HPCL) zoomed 9.93 per cent to settle at Rs 364.30 on the BSE. Shares of Bharat Petroleum Corporation Ltd (BPCL) jumped 7 ...Read More >
BENGALURU -- Gold rose to a near three-week high on Wednesday as oil prices and the dollar fell sharply after the United States and Iran agreed to a two-week ceasefire as talks began on a permanent end to the war. Spot gold was up 1.7% at US$4,783.78 per ounce, as of 1123 GMT. Earlier in the session, bullion rose more than 3% to its highest level since March 19. US gold futures for June delivery gained 2.7% to $4,812.60. The United States and Iran have agreed to a two-week ceasefire, subject ...Read More >
Mumbai, Apr 8 (PTI) Equity benchmark indices Sensex and Nifty surged nearly 4 per cent on Wednesday, following an impressive rally in global markets and a drop in crude oil prices after the US and Iran announced a two-week ceasefire. The RBI decision to keep the policy repo rate unchanged, heavy buying across all sectors and a strengthening rupee against the US dollar also improved investor sentiment, traders said. Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 po ...Read More >
New Delhi, Apr 8 (PTI) Aviation stocks ended sharply higher on Wednesday following a steep decline in crude oil prices after the US and Iran announced a two-week ceasefire. Easing of geopolitical stress led to a sharp fall in Brent crude oil prices, which tumbled 14.12 per cent to USD 93.95 per barrel. InterGlobe Aviation, the parent firm of IndiGo, jumped 8.16 per cent to settle at Rs 4,616.60 on the BSE. During the day, it zoomed 10.98 per cent to Rs 4,737.40. The stock of SpiceJet climbed ...Read More >
New Delhi: The Reserve Bank of India's (RBI) decision to hold rates today was widely expected, but beneath that calm surface, experts warn that monetary policy is running out of runway. With Financial Year 27 growth forecast trimmed to 6.9 per cent, and crude prices still volatile, the central bank isn't in a hurry to reverse the rate cycle. Especially when growth risks are lingering. Yet the real challenge experts argue is no longer just about rates. After 125 basis points of easing, further c ...Read More >
An Iran-bound crude shipment that was initially headed for India changed course mid-voyage and began moving towards China, sparking speculation that payment issues or sanctions-related hurdles may have forced the diversion. Now, the ministry of petroleum and natural gas stepped in to clarify that there are no payment problems calling such claims "factually incorrect." The reports of a possible fallout came after ship-tracking firm Kpler said that the Aframax tanker Ping Shun -- which had initia ...Read More >
Iran's Supreme Leader's Representative further noted that the world must come together in urging US to stop the war because of the suffering at various fronts. Iran's Supreme Leader's Representative in India responded to US President Donald Trump's sharp remarks on Monday saying it was a "big mistake" to start the Iran war, which has had wide-ranging repercussions. He also called on the world leaders to come together and urge POTUS to stop the war. His remarks came hours after Trump issued a s ...Read More >
New Delhi, Apr 8 (PTI) The Reserve Bank's decision to maintain status quo on interest rate is a calibrated approach to strengthen macro economic environment against the backdrop of global headwinds influencing economic sentiment, experts said on Wednesday. The Reserve Bank kept its key policy rate (repo) unchanged at 5.25 per cent, adopting a cautious wait-and-watch stance as policymakers assessed the fallout from the six-week Iran conflict on energy supplies, inflation and growth. Industry bo ...Read More >
State-owned refiner Indian Oil Corp. has purchased a cargo of Iranian oil which would be the country's first such delivery since 2019, according to people familiar with the matter, as weeks of war in the Persian Gulf upend the energy trade. India's largest refiner is expected to to take delivery of the Middle Eastern volumes this week, the people said, without providing details of the vessel or the payment mechanism. The people asked not to be named due to the sensitivity of the matter. IOC di ...Read More >
Mumbai, Apr 8 (PTI) Equity benchmark indices Sensex and Nifty ended nearly 4 per cent higher on Wednesday, following an impressive rally in global markets and a drop in crude oil prices, after the US and Iran announced a two-week ceasefire. Rallying for the fifth day in a row, the 30-share BSE Sensex jumped 2,946.32 points or 3.95 per cent to settle at 77,562.90. During the day, it surged 3,018.96 points or 4 per cent to 77,635.54. The 50-share NSE Nifty soared 873.70 points or 3.78 per cent t ...Read More >
Mumbai, Apr 8 (PTI) The rupee appreciated 47 paise to close at 92.59 (provisional) against the US dollar on Wednesday after US President Donald Trump announced the suspension of military strikes against Iran for two weeks, and the Reserve Bank kept the key benchmark rate unchanged with a neutral stance. Forex traders said investor sentiment got a boost after Governor Sanjay Malhotra assured that the steps taken on forex do not constitute a structural change. Moreover, confidence was exuded in ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Indian equity markets witnessed a sharp rally on Wednesday, with both benchmark indices surging nearly four per cent, driven by positive sentiment following the ceasefire announcement in the West Asia conflict. The Nifty 50 index jumped to 23,997.35, gaining 873.70 points or 3.78 per cent, while the BSE Sensex surged to 77,562.90, rising by 2,946.32 points or 3.95 per cent at the close. Also Read | Assembly Elections 2026: Assam, Kerala Head to Apri ...Read More >
New Delhi, Apr 8 (PTI) Silver prices soared by Rs 15,028 to Rs 2.46 lakh per kilogram in futures trade on Wednesday driven by strong global trends and increased investors' sentiment after US and Iran announced a two week ceasefire. On the Multi Commodity Exchange, the white metal for May delivery soared by Rs 15,028, or 6.5 per cent, to Rs 2,46,376 per kg from Tuesday's closing level of Rs 2,31,348 per kg. Silver prices saw a notable increase on Wednesday reflecting a strong demand amid rising ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): Indian equity markets witnessed a sharp rally on Wednesday, with both benchmark indices surging nearly four per cent, driven by positive sentiment following the ceasefire announcement in the West Asia conflict. The Nifty 50 index jumped to 23,997.35, gaining 873.70 points or 3.78 per cent, while the BSE Sensex surged to 77,562.90, rising by 2,946.32 points or 3.95 per cent at the close. Market experts attributed the rally to easing geopolitical conc ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. Also Read | 8th Pay Commission News: Consultation Process Begins, Salary Hike Expected in FY 2026-27. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates u ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. Also Read | Purple C ...Read More >
New Delhi [India], April 8 (ANI): The oil marketing companies (OMCs) are likely to absorb higher crude costs without passing it on to consumers if Brent crude prices remain in the range of USD 85-90 per barrel, Rajani Sinha, Chief Economist, CareEdge Ratings, has said. In an exclusive conversation with ANI on Wednesday, she also termed the Reserve Bank of India's (RBI) decision to keep rates unchanged as appropriate amid global uncertainty. She stated, "As per our analysis, if crude oil prices ...Read More >
BENGALURU: US stock index futures climbed on Wednesday as investors breathed a sigh of relief after the US and Iran agreed to a two-week ceasefire, sending crude prices lower on expectations that energy supplies through the Strait of Hormuz could resume. The announcement came less than two hours before US President Donald Trump's deadline, in a sharp turnaround from his previous warning of wiping out "a whole civilization" if Tehran did not reopen the Strait of Hormuz, the narrow waterway that ...Read More >
Mumbai (Maharashtra) [India], April 8 (ANI): The Reserve Bank of India (RBI) on Wednesday said it has assumed an average crude oil price of $85 per barrel for FY 2025-26, in line with its CPI inflation projection of 4.6 per cent. RBI Governor Sanjay Malhotra shared the estimate during a press conference after the Monetary Policy Committee decided to keep the repo rate unchanged at 5.25 per cent. He added that the crude oil price assumption for FY 2027-28 is $75 per barrel. The projection follo ...Read More >
New Delhi [India], April 8 (ANI): Economists and industry leaders on Wednesday largely backed the Reserve Bank of India's decision to keep the repo rate unchanged at 5.25 per cent, saying the central bank's cautious approach is appropriate amid global uncertainties and rising energy prices. Experts said the move reflects a balancing act between controlling inflation and sustaining economic growth. Dipti Deshpande, Principal Economist at Crisil Ltd, said the RBI's decision to maintain the polic ...Read More >
Mumbai: Crude oil prices saw a steep fall on Wednesday after the US and Iran agreed to a two-week ceasefire. On the Multi Commodity Exchange (MCX), crude oil for April delivery dropped nearly 18 percent to Rs 8,775 per barrel, down from Rs 10,669. The fall came after a strong rally in recent days, where prices had touched record highs. The sudden drop reflects heavy selling by traders as fears of supply disruption reduced. Global oil falls below USD 100 The impact was seen globally as well. B ...Read More >
New Delhi, Apr 8 (PTI) Crude oil prices nosedived by 18 per cent to Rs 8,775 per barrel in futures trade on Wednesday, after the US and Iran agreed to a two-week ceasefire and the reopening of Strait of Hormuz, triggering heavy selling by traders as the geopolitical risk premium evaporated. Snapping a three-day rally, crude oil futures for April delivery opened lower by 6 per cent to Rs 10,029 per barrel, its lower circuit limit, on the Multi Commodity Exchange (MCX). Later, the contract exten ...Read More >
Indian carriers have cancelled over 10,000 flights since Iran war. ShowQuick Read Summary is AI-generated, newsroom-reviewed * Indian carriers cancelled over 10,000 flights since West Asia conflict began in February * Daily flights to the Middle East dropped from 300-350 to 80-90 due to airspace closures * DGCA extended pilot flight duty limits to manage longer routes and avoid crew shortages Did our AI summary help? Let us know. Switch To Beeps Mode New Delhi: Indian carriers have can ...Read More >
New Delhi, April 8 (UNI) The Reserve Bank of India (RBI) Governor, Sanjay Malhotra, announced on Wednesday that the Monetary Policy Committee (MPC) has unanimously decided to keep the repo rate unchanged at 5.25%. Speaking about GDP numbers, the Governor said, "As per the new GDP series comes into play, the real GDP growth for last year is estimated at 7.6%. In terms of quarterly GDP growth projection, the growth for Q1 is projected at 6.8%, Q2 at 6.7%, Q3 at 7% and Q4 at 7.2%." In terms of in ...Read More >
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 >
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