Benchmark equity indices Sensex and Nifty ended nearly 2 per cent lower on Wednesday after a brief respite in the previous session, as a fresh surge in crude oil prices amid escalating tensions in West Asia weighed on investor sentiment. Continued foreign fund outflows and selling pressure in blue-chip banking stocks also pulled markets down,…
Iran shipped millions of barrels of crude oil, all to China, through the Strait of Hormuz despite escalating tensions in the region following the outbreak of the US-Israel war with Iran on February 28, which has disrupted broader maritime traffic through the key energy corridor.At least 11.7 million barrels of Iranian crude have passed through…
Gold prices traded with a mixed bias on Wednesday as futures slipped on the domestic bourse even as retail bullion rates in major cities edged higher. Market participants largely remained cautious amid mild profit-taking at elevated levels.As of 14:54, gold futures on the Multi Commodity Exchange (MCX) showed a softer trend. The April 2026 contract…
India has purchased around 30 million barrels of unsold Russian crude after the United States issued a 30-day waiver allowing the country to buy shipments already stranded at sea, Bloomberg reported citing sources.According to the report, Indian refiners moved quickly to secure the available cargoes, many of which were already positioned in Asian waters, offering…
NEW DELHI: The United States on Wednesday again hailed India as a “great partner”, praising New Delhi’s purchase of oil from its old ally Russia and crediting it as an effort to maintain stable oil prices around the world.The US envoy to India, Sergio Gor, wrote on X, “India has been a great partner in…
NEW DELHI: Air India and Air India Express will operate a total of 58 scheduled and non-scheduled flights to and from West Asia on Wednesday, as the ministry of civil aviation said it was closely monitoring the situation in West Asia and its impact on flights between India and the region.Amid the escalating conflict in…
Oil prices fell to around $88 per barrel after a report said that the International Energy Agency (IEA) is considering a record release of emergency oil reserves to stabilise global markets amid the escalating conflict in the Middle East, according to Bloomberg.According to a report by the Wall Street Journal, the proposed release could exceed…
Stock market today (AI image) Stock market today: Indian equity benchmarks, Nifty50 and BSE Sensex, opened flat in trade on Wednesday as Middle East tensions and US-Iran war continued to add uncertainty to global markets. While Nifty50 was above 24,250, BSE Sensex was near 78,300. At 9:18 AM, Nifty50 was trading at 24,284.90, up 23…
Amid soaring crude oil prices worldwide due to the ongoing US-Israel war with Iran, the International Energy Agency (IEA) has proposed the largest disbursement of oil reserves to help bring down prices.The release could exceed the 182 million barrels of oil that IEA member countries put on the market in two separate releases in 2022,…
US President Donald Trump on Tuesday announced a “historic” $300 billion deal to build the first new oil refinery in the country in 50 years, backed by investment from India’s Reliance Industries. The project, planned at the Port of Brownsville in Texas is expected to increase energy production and generate thousands of jobs.Trump made the…
