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Mumbai, Apr 6 (PTI) Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after falling in early trade following a correction in crude oil prices amid reports of ceasefire efforts in the ongoing West Asia war. Besides, intense buying in bank stocks also supported investor sentiments. In a volatile session, the 30-share BSE Sensex jumped 787.30 points, or 1.07 per cent, to settle at 74,106.85. During the day, it surged 887.91 points, or 1.21 per cent, to 74,207.46. The 50-share N ...Read More >
Mumbai: The Indian rupee closed stronger on Monday, gaining 14 paise to settle at 93.04 against the US dollar. It opened at 93.13 and moved higher during the day, touching an intraday high of 92.79 before ending slightly lower but still in positive territory. This continues the recent recovery seen in the currency after sharp movements last week. RBI Measures Offer Support The rise in the rupee was mainly supported by steps taken by the Reserve Bank of India to reduce volatility in the forex m ...Read More >
Mumbai, Apr 6 (PTI) The rupee gained 14 paise to close at 93.04 (provisional) against the US dollar on Monday, following the Reserve Bank's initiatives designed to curb speculative fervour and dampen volatility in the rupee. Forex traders said that though the RBI measures are rupee-positive, unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation continue to put pressure on the rupee. The RBI tightened its rules to curb ...Read More >
Mumbai: Indian stock markets closed higher on Monday, April 6, with both benchmark indices posting solid gains. The Sensex rose 787 points to 74,106.85, while the Nifty 50 gained 255 points to end at 22,968.25. This marks the third straight day of gains, showing strong investor confidence. These factors helped improve market sentiment and boosted buying across sectors. Broad Market Also Gains Not just large-cap stocks, but broader markets also performed well. This shows that the rally was w ...Read More >
Mumbai, Apr 6 (PTI) The Reserve Bank's rate-setting panel on Monday started its three-day brainstorming session on the first bi-monthly monetary policy of the fiscal amid expectations of a status quo on the benchmark lending rate in view of apprehensions of a spike in inflation due to ongoing West Asia crisis. The decision of the six-member Monetary Policy Committee (MPC), headed by Reserve Bank Governor Sanjay Malhotra, will be announced on Wednesday. The RBI has cut rates by a total of 125 b ...Read More >
New Delhi, April 6 (SocialNews.XYZ) Saudi Arabia on Monday increased the price of its flagship crude as state-owned Saudi Aramco has set the official selling price of its Arab Light crude for May shipments at a record premium of $19.50 per barrel over the regional benchmark for Asian buyers. The steep hike comes as energy flows through the Strait of Hormuz face severe disruptions, according to reports. The move follows heightened tensions linked to the ongoing conflict involving the US, Israel ...Read More >
New Delhi: Crude oil prices are unlikely to decline to USD 70 per barrel this year and are expected to remain in the range of USD 80-85 per barrel in 2026, according to a report by Union Bank of India. The report noted that while oil prices may moderate from current elevated levels, a sharp decline is unlikely given ongoing global uncertainties. Click here to track live developments on Iran war "We do not think oil will get back to USD 70 this year... our base case for oil price is USD 80-85 ...Read More >
New Delhi, Apr 6 (PTI) Crude oil prices gained Rs 91 to Rs 9,284 per barrel, hovering near its record levels, in futures trade on Monday after US President Donald Trump warned of military strikes on Iran's power plants and other infrastructure if the Strait of Hormuz is not reopened. On the Multi Commodity Exchange, crude oil for May delivery increased by Rs 91, or 1 per cent, to Rs 9,284 per barrel. Oil prices hit record of Rs 9,407 per barrel on March 23, 2026. The uptick in crude oil prices ...Read More >
India's Reserve Bank of India (RBI) is widely expected to maintain its benchmark repo rate at 5.25% this Wednesday, as policymakers carefully monitor the economic ripple effects of the ongoing Iran war. The conflict has triggered a severe energy shock, driving the Indian rupee to record lows beyond 95 per U.S. dollar and pushing 10-year government bond yields to nearly 7.14% -- their highest point in almost two years. After delivering 125 basis points in cumulative rate cuts throughout 2025, th ...Read More >
New Delhi: Crude oil prices rose again on Monday, April 6, as tensions between the US, Israel, and Iran increased. This conflict is affecting oil supply from West Asia, which is one of the world's biggest oil-producing regions. Any disruption here quickly impacts global prices. Current Price Levels In the international market, Brent crude prices jumped 1.6% to cross USD 110 per barrel. Meanwhile, US West Texas Intermediate (WTI) crude was seen trading near USD 112 per barrel. Last week also sa ...Read More >
New Delhi: The Indian rupee opened 10 paise higher at 93 against the US dollar on Monday, as traders continued to unwind speculative positions in the offshore non-deliverable forwards (NDF) market. The domestic currency was trading at 93 per dollar in early trade, compared to its previous close of 93.10. Currency and fixed income markets remained closed on April 3 on account of Good Friday. The rupee has gained around 2 per cent over the past week following the Reserve Bank of India's (RBI) me ...Read More >
New Delhi, Apr 6 (PTI) Precious metal prices in the domestic markets are expected to remain moderately bullish in the fiscal year 2026-27 as geopolitical tensions, trade war fears and growing recession risks globally are likely to bolster safe-haven demand, even as elevated interest rates may limit sharp gains. On the domestic front during FY26, silver futures surged by Rs 1,41,431, or 142.2 per cent, from Rs 99,461 per kg recorded on April 1, 2025, while gold soared by Rs 60,258, or 67 per cen ...Read More >
New Delhi, April 6 (SocialNews.XYZ) International crude oil prices traded higher on Monday as persistent fears of supply disruptions in West Asia kept markets on edge, with the ongoing US-Israel-Iran conflict weighing on sentiment. Brent crude futures rose as much as 2.01 per cent or $2.2, to $111.23 per barrel, hovering near a 52-week high. Similarly, US West Texas Intermediate (WTI) crude gained 3.53 per cent or about $4 to $115.48 by 10.20 am. On the domestic front, crude oil futures on the ...Read More >
New Delhi: The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upcoming policy, experts said ...Read More >
Mumbai: Benchmark indices Sensex and Nifty declined in early trade on Monday, April 6, as crude oil prices climbed amid fears of further escalation in the West Asia the war. Relentless foreign fund outflows also dented markets' sentiment. The 30-share BSE Sensex declined 270.13 points to 73,049.42 in early trade. The 50-share NSE Nifty dropped 93.60 points to 22,619.50. Later, the BSE benchmark traded 509.77 points lower at 72,822.60, and the Nifty quoted 141.20 points down at 22,571.90. Fro ...Read More >
(RTTNews) - Indian shares traded lower in early trade on Monday due to lingering geopolitical tensions, rising crude oil prices and continued FII selling. Brent crude prices traded near $110 a barrel as U.S. President Donald Trump renewed his threat to attack Iran's bridges and power plants, warning he would bring "Hell" to Iran if they do not open the vital waterway by 8 p.m. Eastern Time on Tuesday. Trump will hold a news conference "with the Military" at the Oval Office at 1 p.m. later toda ...Read More >
In a notable development, The Reserve Bank is reported to likely keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis continues to nurture inflationary fears. The continuing geopolitical tensions in West Asia have resulted in increased volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows. As per economists interviewed by PTI, these developments have unprecedentedly compl ...Read More >
New Delhi, April 6: The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upcoming policy, expe ...Read More >
Mumbai, Apr 6 (PTI) Benchmark indices Sensex and Nifty declined in early trade on Monday as crude oil prices climbed amid fears of further escalation in the West Asia the war. Relentless foreign fund outflows also dented markets' sentiment. The 30-share BSE Sensex declined 270.13 points to 73,049.42 in early trade. The 50-share NSE Nifty dropped 93.60 points to 22,619.50. Later, the BSE benchmark traded 509.77 points lower at 72,822.60, and the Nifty quoted 141.20 points down at 22,571.90. F ...Read More >
New Delhi, April 6 (SocialNews.XYZ) The Reserve Bank of India's three-day Monetary Policy Committee (MPC) meeting began on Monday, with analysts widely expecting the central bank to keep the repo rate unchanged amid heightened uncertainty due to the West Asia conflict. The meeting -- scheduled from April 6 to April 8 -- comes at a time when rising crude oil prices and global geopolitical tensions have clouded the inflation outlook. While the RBI is likely to maintain the status quo in the upco ...Read More >
Mumbai, Apr 6 (PTI) The rupee gained 33 paise to 92.85 against the US dollar in early trade on Monday, following RBI's tightened rules to curb speculative positions, capping banks' net open positions at USD 100 million, even as global developments continued to act as a risk. Forex traders said the domestic unit continued to reel under pressure due to unabated withdrawal of foreign capital, a strengthening dollar, and rising crude oil prices amid a volatile geopolitical situation. At the interb ...Read More >
New Delhi [India], April 6 (ANI): Oil prices climbed on Sunday after US President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz remains closed, CNN reported, as Brent crude rose 1.4 per cent to reach USD 110.60. US crude similarly increased by 1.8 per cent, settling at USD 113.60. As per CNN, the price surge followed a series of aggressive social media posts from the President directed at the Iranian government. Also Read | Indian National Tarsem Singh Cha ...Read More >
New Delhi [India], April 6 (ANI): Oil prices climbed on Sunday after US President Donald Trump threatened to strike Iranian energy facilities if the Strait of Hormuz remains closed, CNN reported, as Brent crude rose 1.4 per cent to reach USD 110.60. US crude similarly increased by 1.8 per cent, settling at USD 113.60. As per CNN, the price surge followed a series of aggressive social media posts from the President directed at the Iranian government. "Tuesday will be Power Plant Day, and Bridge ...Read More >
New Delhi, April 5: The domestic stock market is expected to remain volatile this week as investors track the Reserve Bank's monetary policy decision, key global macroeconomic data and the impact of the West Asia conflict, analysts said. Movements in crude oil prices and foreign fund flows will also influence domestic equities, they added. Vinod Nair, Head of Research, Geojit Investments Ltd, said the RBI's Monetary Policy Committee (MPC) meeting will command centre stage domestically, with in ...Read More >
Mumbai, April 5: The Reserve Bank is likely to keep the benchmark policy repo rate unchanged at 5.25 per cent in the April monetary policy review meeting, as the West Asia crisis is likely to push up inflation, according to economists. The continuing geopolitical tensions in West Asia, volatility in commodity prices and sharp currency movement that have seen the rupee hit record lows have complicated the policy outlook, and its projections on growth, inflation and also the stance of policy will ...Read More >
Patna: Representative of Iran's supreme leader in India, Abdul Majid Hakeem Ilahi, on Sunday said in Patna that all countries, including India, could contribute positively to ending the West Asia conflict. He said India is well placed to do so because it maintains relations with multiple sides in the region and has credibility as a country that often supports dialogue, sovereignty and the peaceful resolution of disputes. Through diplomatic engagement, India can encourage restraint, support cease ...Read More >
Patna [India], April 5 (ANI): Stating that the source of the global energy disruption is Israel-US war against Iran, Dr Abdul Majid Hakeem Ilahi, representative of Iran's Supreme Leader in India, said on Sunday that the Strait of Hormuz is closed for Tehran's enemies and other countries are "free to pass" through it. In an interview with ANI, Abdul Majid Hakeem Ilahi said some Indian ships have passed through Hormuz and hoped it will continue. Also Read | 'Open the F*ckin' Strait': Donald Trum ...Read More >
MUMBAI, April 4: Indian stock markets appear to be moving into a consolidation phase, marked by high volatility and limited clarity on direction, as global uncertainties and mixed domestic signals keep investors on edge, according to market experts on Saturday. Indian equity benchmarks ended the holiday-shortened week on a subdued note -- reflecting the ongoing uncertainty in the market. The Nifty slipped 0.47 per cent, while the Sensex also closed lower, marking the sixth consecutive week of ...Read More >
New Delhi [India], April 5 (ANI): The government on Sunday said fuel supplies across the country remain stable despite the ongoing conflict in West Asia, urging citizens to avoid panic buying of petrol, diesel and LPG. The Ministry of Petroleum and Natural Gas said it is closely monitoring the situation and has taken several steps to ensure an uninterrupted energy supply and the smooth functioning of key sectors. "Govt. is making all efforts to ensure availability of Petrol, Diesel and LPG, an ...Read More >
New Delhi: The Indian stock market is likely to remain volatile this week as investors closely track the Reserve Bank of India's (RBI) policy decision, rising tensions in West Asia, and key global economic data. RBI Policy in Focus The RBI's Monetary Policy Committee (MPC) meeting will be the biggest domestic trigger. Experts believe the central bank is likely to keep interest rates unchanged. However, investors will closely watch the RBI's commentary on inflation, growth outlook, and future r ...Read More >
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