As the crisis in West Asia entered its fourth week and drove up crude oil prices, the major indexes Sensex and Nifty finished substantially lower on Monday, following dismal global indications. Investor sentiment was also impacted by persistent withdrawals of foreign funds. The Nifty as a whole closed at an 11-month low of 22,512.65, down…
Indian benchmark indices have seen last-minute buying and selling ever since the US-Israel conflict with Iran started. A similar trend was observed on March 19, when markets moved in a narrow range and swung sideways following a gap-down opening. But the surge in Brent crude prices quickly caused the Sensex to drop by about 500…
On March 11, the rupee fell 14 paise at the opening, as sentiment was affected by volatile Brent crude and ongoing foreign-fund outflows. The Reserve Bank of India’s (RBI) aggressive dollar-selling strategy keeps the currency anchored and keeps it from falling below the 92 level. After closing the previous session at Rs 91.81, the rupee…
As crude rose above $100 per barrel on March 9, the rupee fell to a new low, ending at 92.34 against the US dollar. As crude surged above $115, the Reserve Bank of India (RBI) probably intervened forcefully to stop the rupee’s decline, according to traders. The currency closed the previous session at Rs 91.74…
U.S President called for “unconditional surrender” on Friday, marking the start of the second week of the US-Israeli assault on Iran. With Tehran continuing to unleash retaliatory strikes around the Middle East, there doesn’t seem to be an obvious or rapid way to stop the fight. As the US and European stock markets plummeted and…
The intensifying conflict in West Asia has caused a new shock to the world’s energy markets, driving up crude prices dramatically, interfering with the flow of gas and oil across the Strait of Hormuz, and compelling big importers like India to strengthen their supply plans. This week’s 24% increase in Brent crude futures is the…
According to a Crisil Ratings assessment, several Indian economic sectors, including basmati rice, fertilizers, airlines, and energy-related industries, could be affected by rising geopolitical uncertainty in the Middle East and disruptions to maritime traffic through the Strait of Hormuz. Given their direct exposure to the region, industries such as basmati rice, fertilizers, diamond polishing, travel…
Brent crude increased $1.1, or 1.4%, to $82.52 a barrel on Wednesday after closing Tuesday at its highest level since January 2025 as mounting tensions in West Asia continued to disrupt supply sentiment. US West Texas Intermediate (WTI) crude settled at its highest level since June before rising 40 cents, or 0.5%, to $74.96. US…
The ongoing tension in the Strait, a major route for global oil transportation, has investors worried.Crude oil prices in the international market rose more than 7 percent in a single day on Monday. US crude oil prices rose 7.4 percent to $71.97 a barrel, while Brent crude oil prices rose 7.7 percent to $78.46. However,…
If the tension between the United States and Iran increases, the oil market will be affected first, because Iran is a major oil supplier to the world and most of its oil passes through the Strait of Hormuz. If there is a problem in that area, the fear of a shortage of oil supply arises…
