Any restrictions to the flow of crude oil in the world markets will raise prices, in turn causing import bills of dependent economies like India to balloon. (AI image) Will the Donald Trump administration’s move to blockade the Strait of Hormuz impact India and China? The US has begun the blockade of the all important…
Pakistan’s stock market saw a sharp sell-off on Monday, with the benchmark KSE-100 index plunging nearly 6,000 points as the collapse of US-Iran ceasefire talks and rising tensions in the Strait of Hormuz hit investor sentiment.KSE-100 index dropped 3.5 per cent to hit an intraday low of 1,61,638, reversing last week’s sharp rally when it…
Benchmark indices Sensex and Nifty ended nearly 1 per cent lower on Monday as the collapse of US-Iran negotiations triggered a surge in crude oil prices and dampened investor sentiment.The 30-share BSE Sensex tumbled 702.68 points or 0.91 per cent to settle at 76,847.57. During the day, it dived 1,681.93 points or 2.16 per cent…
Gold prices slipped on Monday, weighed down by rising geopolitical tensions after the collapse of US-Iran talks, which lifted oil prices, stoked inflation concerns and dampened expectations of US Federal Reserve rate cuts.In the domestic futures market, gold contracts traded lower, reflecting cautious sentiment among investors tracking global cues and macroeconomic risks.Data from the Multi…
March CPI inflation: The Consumer Price Index (CPI) inflation for the month of March 2026 rose marginally to 3.40%, up from 3.21% in February. The annual inflation rate, measured by the All India Consumer Price Index with base year 2024, stood at 3.40% (provisional) in March 2026 compared to March 2025. Rural inflation was recorded…
Bank branches will remain closed across most cities on April 14, 2026 on account of Ambedkar Jayanti, with the holiday observed under the RBI’s Negotiable Instruments Act calendar, while select locations will continue operations.Ambedkar Jayanti, which falls on a Tuesday this year, is a gazetted holiday marking the birth anniversary of Dr B.R. Ambedkar, the…
Saudi Arabia is set to significantly scale back its oil supplies to China next month, with traders indicating that shipments could fall to nearly half of the volumes seen in April as the Middle East tensions continue to intensify and disrupt energy flow across the country.Chinese buyers are expected to receive around 20 million barrels…
Global markets were rattled after US President Donald Trump’s announcement of naval blockade in the Strait of Hormuz. The immediate fallout was visible in Asian trading, where stocks in Japan and South Korea opened lower as investors reacted to the escalation. At the same time, crude oil prices surged sharply, with Brent and WTI jumping…
Imports from Russia averaged 1.98 million barrels per day in March, the highest level since June 2023. (AI image) India is purchasing Russian crude oil in a big way as Strait of Hormuz disruptions continue to constrain global oil supply. India imports almost 90% of its crude oil needs and the ongoing US-Iran war has…
Top stocks to buy (AI image) Stock market recommendations: Sona BLW Precision Forgings, and Eicher Motors have been recommended as the top stocks to buy this week by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities. He also shares outlook on Nifty and Bank Nifty:Nifty ViewThe benchmark index Nifty staged a strong pullback…