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Global oil prices surged nearly 2% as U.S.-Iran peace talks faltered, intensifying concerns over tight supply. Shipments through the vital Strait of Hormuz remain restricted, with analysts warning of potential price spikes to $150 per barrel if disruptions persist. Goldman Sachs has already revised its fourth-quarter forecasts upwards.
IMD said that while there may not be any significant change in maximum temperatures over Northwest India till 28 April, a gradual fall by 3-5°C is expected on 29 and 30 April.
Amba Auto Sales and Services' Rs 65 crore SME IPO opens Monday with zero grey market premium, indicating cautious investor sentiment. The company, an authorized dealer for Bajaj Auto and LG Electronics, plans to use IPO proceeds for working capital and expansion. Financials show steady growth, with revenue around Rs 242 crore in FY25.
The U.S. dollar strengthened as Middle East war hopes dimmed, pinning the Japanese yen near 160 ahead of the Bank of Japan's policy decision. Oil prices rose with the Strait of Hormuz remaining effectively closed, while investors await central bank meetings for insights into the war's economic impact and rate outlooks.
Gold prices dipped as a stronger dollar and escalating oil prices fueled inflation and higher interest rate concerns. Stalled U.S.-Iran peace talks are disrupting Middle East energy exports, impacting global markets. Investors are now keenly awaiting the U.S. Federal Reserve's interest rate decision this week, while gold premiums rose in India amid tight supplies.
India's top software exporters are facing investor concerns over growth, with Infosys and HCL Technologies reporting results below expectations. This downturn, exacerbated by a weak global economy and AI disruption, has led to a significant drop in the IT sector's valuation, wiping billions off its market cap.
Investors are once again investing in risky frontier markets. These markets are showing strong gains, outperforming major indices. Money managers are adding exposure to countries like Vietnam and oil exporters. This shift comes as investors look for economies less affected by global economic uncertainty. High energy prices are boosting some of these nations. Despite inflation risks, investor appetite is returning.
Oil prices surged to a three-week high as stalled U.S.-Iran peace talks prolonged Middle East energy export disruptions. U.S. stock futures eased, while the dollar strengthened slightly. Traders anticipate central banks holding rates steady this week due to inflation worries, with major tech earnings also on the horizon.
Oil prices surged nearly 2% as stalled U.S.-Iran peace talks and limited Strait of Hormuz shipments tightened global supplies. Brent crude reached $107.49 a barrel, its highest since April 7. Goldman Sachs raised its fourth-quarter oil price forecasts, citing reduced Middle East output and significant economic risks.
Adani Green Energy Limited plans a substantial investment of around ₹42,000 crore in FY27. This will add nearly 5 GW of clean energy capacity. The company achieved the highest annual greenfield renewable capacity addition globally outside China in FY26. AGEL's total operational portfolio now stands at 19.3 GW. The company is also increasing investments in energy storage solutions.
Indian markets faced pressure extending a corrective phase. Key companies like RIL, IDFC First Bank, and Paytm reported their financial results and news developments. Sun Pharma is set for a major overseas acquisition. NTPC plans nuclear power units, while Adani Green invests in battery storage. Coal India aims to cut imports. Hindustan Zinc and HPCL shared growth and restoration updates.
Indian markets faced pressure on Friday, with the Nifty falling below 24,000. Analysts anticipate near-term consolidation. Investor sentiment remains cautious, closely watching West Asia conflict developments. Geopolitical uncertainty is impacting crude oil prices, the rupee, and equity markets. Foreign portfolio investors were net sellers, while domestic institutional investors bought shares.
The Indian rupee is anticipated to decline further this week, breaking its recent stable trading band. Strong dollar demand, rising oil import costs, and consistent foreign investor withdrawals are pressuring the currency. Despite the Reserve Bank of India's interventions, the rupee is expected to open significantly weaker on Monday, signaling continued downward pressure.
Technical analysts suggest the Nifty is entering a consolidation phase rather than a reversal, with key support zones expected to hold. Analysts anticipate a trading band between 23,400 and 24,500, with a breakout needed to revive directional strength. The underlying structure remains constructive for a gradual upward move.
US Iran War LIVE: Trump is facing mounting domestic pressure as fuel prices climb following Iran’s disruption of the Strait of Hormuz, a key global oil route. With U.S. midterm elections approaching in November, the economic impact is becoming a political challenge.
Cole Tomas Allen, a 31-year-old CalTech graduate who called Elon Musk a 'Hitlerian figure' and JD Vance a 'piece of sh-t', opened fire at the White House Correspondents' Dinner. Here is everything we know.
IDFC First Bank will not raise deposit rates soon after recent cuts. The bank is focusing on growth in mortgage, vehicle, and consumer loans. It also aims to expand its rural banking and priority sector loan book. The microfinance book stress is now under control. The bank is also investing in technology and its mobile app for future growth.
