Operators of truck fleets across India are bracing for fuel rationing and the first significant increase in diesel prices in years, a move that will end a period of relative stability that has continued since the war in the Persian Gulf. Diesel is the lifeline of the Indian economy as trucks account for about 70%…
US stock markets opened lower on Thursday, while crude oil prices rose above $100 a barrel as doubts over the durability of the US-Iran ceasefire weighed on investor sentiment, the AP reported.The S&P 500 slipped 0.1%, while the Dow Jones Industrial Average fell 40 points, or 0.1%, and the Nasdaq Composite dropped 0.2% in early…
The dollar is on track for its best month since September 2022 as the Iran war has upended energy markets, dashing economic forecasts and drawing investors toward the world’s primary reserve currency. Currency traders view monitors near the screen, the Korea Composite Stock Price Index (KOSPI), at top center, and the foreign exchange rate between…
The rupee weakened above the 95/dollar level for the first time and ten-year bond yields hit the highest level since July 2024, despite the most aggressive defense of the currency by the central bank in more than a decade. Traders believe the Reserve Bank of India will step in to stop a sharp fall in…
India’s stock market opened lower today and is headed for its biggest monthly loss in six years as the escalating Iran war reduces risk appetite. National Stock Exchange building in Bandra Kurla Complex, Mumbai. (livemint) By 9:15 am, Nifty 50 fell 1.18% to 22,549.65 points and BSE Sensex fell 1.38% to 72,565.22. All 16 major…
India has lifted key excise duties on petrol and diesel prices in India to protect refiners led by Indian Oil Corporation Ltd from crude oil shocks arising from the ongoing Iran war in West Asia. There is no change in prices at the pump. People queue up to fill petrol at a petrol pump in…
Wall Street’s major indexes opened lower on Thursday, following gains in the previous session, as investors turned cautious over emerging developments in the Middle East and weighed the prospects for any further deescalation in the conflict.At the opening bell, the Dow Jones Industrial Average slipped 84.8 points, or 0.18%, to 46,344.64. The S&P 500 fell…
New Delhi: Sensex surged over 1,200 points to close above 75,000 in the late session on Wednesday, as hopes for resolution of the West Asia conflict rose.As diplomatic initiatives to end the war between the US-Israel and Iran gained momentum, markets around the world rallied, with crude oil prices falling and precious metals rising. Selling…
India’s stock market rose for a second straight session today, joining a broader Asian relief rally as crude oil prices fell below $100 a barrel on signs of an Iran ceasefire. National Stock Exchange building in Bandra Kurla Complex, Mumbai. Hope is returning in the market with signs of reduction in conflict. (livemint) The 30-share…
IndiGo has warned that the Iran war and the resulting surge in crude oil prices will hit travel demand during the summer season, although airlines are passing on more expenses to passengers. To ease pressure on margins, IndiGo started imposing fuel surcharge from ₹425 to ₹2,300 on March 14. (Reuters) The budget carrier, which has…
