The government has increased the export duty on petrol from ₹0.50 to ₹2.50 per litre and reduced the duty on diesel from ₹16 to ₹8.50 per litre. Both changes took effect on October 16 as part of the regular review of petroleum export duties.
Brent crude jumped above $107 a barrel on Monday as escalating Middle East tensions and concerns over disruptions to global energy supplies pushed oil prices higher.
Copper has crossed a level never seen before, while Brent crude has moved back above $100 a barrel. Together, their rise raises a bigger question: Is the world facing a new commodity supply shock? Copper hits record high Three-month copper on the London Metal Exchange touched a record $14,858.50 per tonne on September 10, taking.
Mumbai: Domestic equity benchmarks opened sharply lower on Friday tracking weak global markets as escalating Middle East tensions pushed oil prices higher and raised concerns over inflation and interest rates. Sensex started nearly 600 points or 0.79 per cent lower at 74,309.16, while Nifty opened 207.50 points or 0.88 per cent down at 23,270.30. Among.
New Delhi: Crude oil prices traded higher for a fourth straight session on Wednesday and gained around 2 per cent or over $1 as fresh attacks involving Iran, the United States and Saudi Arabia heightened concerns over supply disruptions in the Gulf. Brent crude rose as much as 1.79 per cent or $1.76 to near.
Mumbai: Domestic equity benchmarks opened lower on Wednesday, down about 0.5 per cent each with information technology stocks leading losses as investors remained cautious amid higher crude oil prices and escalating tensions in the Middle East. Nifty 50 opened more than 100 points lower at 23,522.05, while Sensex fell over 350 points to 75,216.22. Sector-wise,.
Mumbai: Indian equity benchmarks opened lower on Tuesday weighed by elevated crude prices with selling in IT and auto shares amid concerns over a possible US Federal Reserve rate hike this month. Nifty 50 opened 36.05 points or 0.15 per cent lower at 23,743.10, while Sensex fell over 150 points or 0.21 per cent to.
Indian stock market next week is likely to remain sensitive to crude oil prices, US jobs data, rising bond yields, global rate expectations and foreign investor flows.
