Mumbai: After ending lower for the seventh consecutive week, the Indian stock market is likely to take cues from crude oil prices, global bond yields, foreign fund flows, geopolitical developments in the Middle East, and key US economic data releases in the coming week. Market sentiment remained subdued through most of the week, with indices.
~Abhishek Vij It was believed that a ceasefire had been reached between the US and Iran despite Israel’s disobedience. Iran’s accounts would be de-frozen within 60 days and it would receive war compensation. There were also talks of increasing trade between the two countries. Furthermore, the US claimed to have established a lasting peace. Meanwhile,.
Indian benchmark indices traded higher in early trade despite renewed geopolitical tensions and rising crude oil prices. Banking, consumer durable and auto stocks supported the market, while IT shares remained under pressure.
Mumbai: The Indian stock market is expected to take cues from the start of the June quarter earnings season, global geopolitical developments, crude oil price movements, foreign investor activity and currency trends in the coming week. Benchmark indices ended higher for the third consecutive session on Friday, with the Sensex rising 262 points to close.
Mumbai: Indian benchmark equity indices extended their winning streak for a fourth consecutive week, supported by a sustained decline in crude oil prices, improving global market sentiment and expectations of a more accommodative interest-rate environment. The Nifty 50 gained 0.89 per cent during the week and closed 0.39 per cent higher at 24,270 on Friday. The.
Despite minor tensions, the Strait of Hormuz has reopened after the ceasefire between the US and Iran. It is in the interest of all Gulf countries, including Iran, to ensure unhindered passage of containers carrying the petrol and gas they produce, which constitute a fifth of the world’s total supply. The situation in the Gulf.
Global investment bank Goldman Sachs has raised its crude oil price forecast to $90 per barrel, citing prolonged supply disruptions caused by restrictions in the Strait of Hormuz and slower-than-expected recovery in Gulf exports. The revised outlook has intensified concerns across global energy markets amid mounting geopolitical tensions in the region. Supply Shock Behind Forecast.
Even after escalation in West Asia conflict and rise in Brent crude oil prices due to the closure of Strait of Hormuz, the fuel prices remain unchanged in India, while many countries have witnessed a jump of up to 85 per cent.
