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Investing.com -- UBS on Monday nudged down its S&P 500 price targets, flagging elevated oil prices from the Middle East conflict as a threat to growth and a likely delay to Federal Reserve rate cuts, though the bank maintained its broadly positive outlook on U.S. equities. The firm cut its June 2026 S&P 500 target from 7,300 to 7,000 and its December 2026 target from 7,700 to 7,500. Its earnings estimate for 2026 was left unchanged at $310 per share, implying 11% growth. "Slightly weaker growt ...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 >
SAN FRANCISCO/AHMEDABAD, India - Kevin Kelly is in a tough spot. What he says are unprecedented price increases in the weeks since the United States waged war on Iran mean the Californian, who makes plastic bags for groceries, may have to break contracts he cannot afford to honor with his customers. Thousands of miles away in India, gas shortages have closed dozens of plants that export aluminum products around the world. And in Britain, some farmers are eking out their fertilizer stocks as pri ...Read More >
Kolkata, April 7 (PTI) TMC candidate from Habra and former West Bengal minister Jyotipriya Mallick has declared assets worth over Rs 1.97 crore in his election affidavit, along with an annual income exceeding Rs 38 lakh, according to official records. Popularly known as 'Balu', Mallick, who was arrested in October 2023 in connection with an alleged multi-crore ration distribution scam and later granted bail in January 2025, filed his nomination on Monday while the Enforcement Directorate (ED) c ...Read More >
New Delhi, Apr 7 (PTI) The government has doubled the daily quota of market-priced 5-kg LPG cylinders for migrant workers as part of a broader push to stabilise fuel supplies amid disruptions linked to tensions around the Strait of Hormuz. Unlike the subsidised 14.2-kg cylinders that are used in household kitchens for cooking, the 5-kg bottles are priced at market rates. A 5-kg cylinder costs Rs 549 in Delhi as against the Rs 913 price for a 14.2-kg domestic cylinder. The 5-kg cylinders are av ...Read More >
Mumbai: Shares of Power Finance Corporation (PFC) and REC Limited saw strong movement in the market. Around 2 PM, PFC stock was up nearly 1 percent at about Rs 410, while REC shares also gained around 1 percent to trade near Rs 330. The rise came after reports of a possible merger between the two companies. Government's New Strategy According to sources from the Finance Ministry, the government is exploring a new approach for the merger. If PFC and REC combine, the government may not need to h ...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, April 7: Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critical hurdle due to ...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, April 7 (SocialNews.XYZ) Indian equity markets extended their winning streak for a fourth straight session, supported by late buying interest that lifted benchmark indices higher by the close. The Nifty ended the day up 0.68 per cent, gaining 155.40 points to settle at 23,123.65. Meanwhile, the Sensex rose 0.69 per cent, or 507.73 points, to close at 74,616.58. "Going ahead, continuation of this momentum may push the index towards the 23500-23600 resistance band, which remains a critic ...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 >
The district administration has "begun prioritising migrant workers and labourers without LPG connections, who have been hit by skewed supplies", by rolling out 5 kg mini cylinders through gas distribution agencies, officials said on Sunday. Officials said any valid Aadhaar holder can purchase one mini cylinder at a time, with no requirement of a prior LPG connection or proof of permanent residency. Migrants can purchase the 5kg cylinders directly using Aadhaar identification by paying around ...Read More >
Jefferies initiated coverage on rail rolling stock makers, recommending a Buy for Titagarh Rail Systems with an Rs 810 target, citing strong passenger and metro coach demand. Conversely, it issued an Underperform rating for Jupiter Wagons with a Rs 200 target, citing its freight-heavy business and slower growth prospects. Jefferies has initiated coverage on two rail rolling stock makers with contrasting calls, betting on a sharp re-rating in Titagarh Rail Systems while turning cautious on Jupit ...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 >
Civil Supplies Director Nupur Ajay Kumar on Monday said the government is continuously monitoring the supply systems for gas, petrol and diesel to maintain sufficient stocks in the State. Addressing the media, Ms. Nupur Ajay Kumar said that although global conflicts have had some impact, necessary measures are in place to ensure an uninterrupted supply of Liquefied Petroleum Gas (LPG). She warned of strict action against any irregularities in the supply chain. The State's refineries currently ...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 >
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 >
Mumbai, April 7 (SocialNews.XYZ) The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 ...Read More >
Mumbai, April 7: The Indian stock markets on Tuesday witnessed sharp losses in early trade, with equity benchmarks declining 1 per cent each amid uncertainty over a possible resolution to the West Asia conflict, ahead of a deadline set by US President Donald Trump to reopen the Strait of Hormuz. Sensex opened 372 points or 0.50 per cent lower at 73,734, while Nifty began the session at 22,838. Later in early trade, the 30-scrip basket declined as much as 1.11 per cent or 824.44 points, hitting ...Read More >
* March job gains surpass expectations, unemployment rate dips * ISM non-manufacturing PMI decelerates, prices paid hit 3-1/2-year high * Soleno Therapeutics surges on Neurocrine's $2.9 bln buyout deal (Updates to market close) By Stephen Culp and Purvi Agarwal April 6 (Reuters) - U.S. stocks advanced on Monday as investors looked for signs of progress toward a U.S.-Iran ceasefire deal and evaluated President Donald Trump's progressively heated threats of escalation should Iran fail to reope ...Read More >
New Delhi, April 6: The government on Monday said there is no "unusual volatility" in prices of essential commodities on account of the West Asia crisis, and it is continuously monitoring the rates in wholesale and retail markets across the country. The Centre said it has sufficient stocks of wheat and rice to meet the requirements of the public distribution system (PDS) and also any exigencies. It has also asked states to crack down on hoarding and black marketing of essential food items. Whea ...Read More >
Over the past few weeks, six other Indian LPG vessels from the Gulf region -- Shivalik, Nanda Devi, Pine Gas, Jag Vasant, BW Elm and BW Tyr -- have reached Indian shores. The movement of these vessels comes amid growing concerns over energy supplies. India, the world's second-largest LPG importer, is facing one of its worst energy crises in decades due to the strategic blockade of the Strait of Hormuz amid the war between Iran and the US-Israel. India, before the war, relied on imports for 60 ...Read More >
Bhopal, Apr 6 (PTI) Public sector oil marketing companies (OMCs) on Monday said they are maintaining steady and adequate supplies of LPG and automotive fuel in Madhya Pradesh despite the ongoing war in West Asia and allayed fears of shortages. Indian Oil Corporation Ltd (IOCL), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) asserted domestic LPG supplies have been prioritised and cylinder deliveries continue as normal. IOCL Chief General Manager and its ...Read More >
Mumbai: The Reserve Bank on Monday said the investment limit for foreign portfolio investors in government securities through the general route will remain unchanged at 6 per cent of the outstanding stocks of securities for 2026-27. Also, the allocation of incremental changes in the G-Sec limit (in absolute terms) over the two sub-categories -- General and Long-term -- has been retained at 50:50 for 2026-27, it said in a circular on limits for investment in debt and sale of credit default swaps ...Read More >
The government on Monday said prices of essential commodities remain stable despite the ongoing crisis in West Asia, asserting that there has been no "unusual volatility" and that it is closely monitoring both wholesale and retail markets across the country. Addressing an inter-ministerial briefing, Anupam Mishra, additional secretary in the Department of Consumer Affairs, said the Centre is "keeping a close watch on the food security situation in the country" amid global uncertainties. Also R ...Read More >
Mumbai, Apr 6 (PTI) The Maharashtra government on Monday said there is no shortage of petroleum products in the state amid the West Asia crisis and asked people to avoid panic buying. The state had faced challenges in LPG supply due to dependence on imports from Gulf countries, but the situation is now improving with calibrated policy measures by the Union government, Additional Chief Secretary (Food and Civil Supplies) Anil Diggikar asserted. Addressing a joint press briefing, he said, "Petro ...Read More >
New Delhi: The Government on Monday said that over 18 crore domestic LPG cylinders have been successfully delivered to households since March 1, 2026, despite geopolitical tensions in west Asia. At a briefing held at the National Media Centre in the national capital, top government officials assured citizens of stable fuel and food supplies as there is adequate buffer stocks of rice and wheat are available to meet public demand. "Domestic LPG cylinder deliveries remain normal, with over 18 cro ...Read More >
Bengaluru -- The International Atomic Energy Agency on Monday said it could confirm recent military strikes near Iran's Bushehr nuclear power plant, but that the facility itself was not damaged. The UN atomic watchdog said that the confirmation was based on its independent analysis of new satellite imagery and detailed knowledge of the site, adding that one strike had hit only 75m from the site perimeter. Last week the agency had said it had been informed by Iran about a projectile striking cl ...Read More >
New Delhi, Apr 6 (PTI) Falling for the second day in a row, shares of Reliance Industries on Monday dropped over 3 per cent on the bourses. The bellwether stock declined 3.41 per cent to settle at Rs 1,304.75 on the BSE. During the day, it dropped 4.50 per cent to Rs 1,290. At the NSE, the stock edged lower by 3.39 per cent to Rs 1,304.70. In two trading days, the stock has lost 4.68 per cent, wiping out Rs 86,743.14 crore from its market valuation. The company's market valuation slipped belo ...Read More >
Mumbai (Maharashtra) [India], April 6 (ANI): Indian equity markets witnessed a volatile trading session on Monday, opening in the red but recovering sharply by the close, supported by value buying and a rebound in oversold sectors. The Nifty 50 index closed at 22,968.25 with a gain of 255.15 points or 1.12 per cent, while the BSE Sensex closed at 74,106.85, up by 787.30 points or 1.07 per cent. Despite early weakness, both indices managed to close with gains as buying interest picked up during ...Read More >
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