As tensions in the Middle East continue to boil, the ripple effects are being felt across global oil markets. Disruptions around the Strait of Hormuz, one of the world’s most vital oil transit routes, have thrown supply chains into uncertainty, prompting governments and refiners worldwide to rush in search of alternatives. The International Energy Agency…
Gold is trading near the lower Bollinger band after an extended decline, indicating strong downside momentum. (AI image) Gold price prediction today: Gold prices are seeing intraday weakness and a sell on rise strategy makes sense, says Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities.Gold April futures on MCX are trading near…
Stock market today (AI image) Stock market today: Continuing the down trend, Nifty50 and BSE Sensex opened in red on Friday as oil prices climbed and the Strait of Hormuz closure halted important global trade. While Nifty50 went below 23,500, BSE Sensex was down over 580 points. At 9:17 AM, Nifty50 was trading at 23,461.40,…
Ongoing crisis in the Middle East is beginning to ripple through financial markets, with the impact now visible in the US bond market. The average rate on a long-term mortgage in the United States moved higher this week as bond market volatility persisted. According to mortgage buyer Freddie Mac, the benchmark 30-year fixed mortgage rate…
The Middle East crisis impact has continued to spill across global oil supply chains, once again pushing crude prices beyond the $100 mark. Brent crude, the global oil benchmark, rose slightly after moving past $100 a barrel on Thursday (local time), gaining 0.20% to trade at $100.66 by 0020 GMT. Meanwhile, US benchmark West Texas…
National Stock Exchange of India (NSE) has selected 20 bankers for its long-awaited initial public offering, the exchange said in a statement.The selected bankers include Kotak Mahindra Capital, JM Financial and Axis Capital, as well as the Indian units of Morgan Stanley, Citigroup, JPMorgan Chase & Co and HSBC Holdings. Eight law firms have also…
NEW DELHI: Retail inflation inched up by 47 basis points in Feb, largely led by an increase in food & beverages and personal care & effects inflation. The West Asia conflict is likely to add further pressure.Data released by the National Statistics Office (NSO) on Thursday showed retail inflation, as measured by the consumer price…
Anxiety over LPG shortage has spilled over to the domestic sector, fuelling panic bookings of cooking gas cylinders, while server glitches in the IVRS and other online booking systems are prompting people to queue up outside distribution agencies, compounding the chaos and fraying the nerves of consumers as well as suppliers across the country.Despite govt’s…
US stock markets opened sharply lower on Thursday as surging oil prices and uncertainty stemming from the ongoing conflict involving the US, Israel and Iran weighed on investor sentiment.Shortly after opening bell, the Dow Jones Industrial Average fell 1.1 per cent to 46,879.09. The broader S&P 500 declined 1.0 per cent to 6,706.10, while the…
NEW DELHI: Kerosene oil, which has made a comeback for household use across several states and UTs, will be primarily made available through ration shops and, in some cases, from retail outlets of public sector oil marketing companies for cooking and lighting purposes. The Centre on Thursday allocated 48,000 kilolitres (kl) of additional kerosene to…