“The market breadth is improving significantly but I believe on the index front specifically we would take some bit of more time to break past above 15700 convincingly.” said Kunal Bothra, kunalbothra.co.in. Edited excerpts: As far as the market setup is concerned 15,700 is what we have managed to hold on to. Is the risk … Read more
Refiners are planning to spend the summer increasing jet fuel and diesel production instead of gasoline, traders and analysts said, favoring what have historically been the least profitable parts of the barrel instead of the most profitable. That is unusual and exemplifies the topsy-turvy nature of the global oil markets. Refining crude oil into diesel … Read more
35,000 is a support for the Bank Nifty, and possibly next week we could see the Bank Nifty heading towards at least 36000-36500 on the index, said Kunal Bothra, kunalbothra.co.in. Edited excerpts: For most part of the week we were hovering in the green territory. It was only over the last couple of trading sessions … Read more
Russia’s military operation against Ukraine sent the global oil markets in a tizzy as Brent crossed the $100 mark after almost eight years. For the India consumers, the short respite in local fuel prices could soon be over as the blowback from Putin‘s actions could sink their household budget. The pause in fuel price hikes … Read more
Mumbai: The rupee appreciated 4 paise to 74.67 against the US in opening trade on Friday, despite a weak trend in domestic equity markets. At the interbank foreign exchange, the domestic unit opened slightly strong at 74.68 against the dollar and gained some further ground to quote 74.67 in the morning session, registering a rise … Read more
The United Arab Emirates on Sunday criticised the current oil output deal among OPEC+ alliance members as unjust, escalating a row that could derail the energy market’s post-pandemic recovery. The UAE‘s push to increase its production baseline is reported to have derailed last week’s meeting of the alliance of oil-producing countries, and also sets it … Read more
NEW DELHI: Gradual but rapid rise in crude oil prices and petroleum products may have put strain on the foreheads of Indian policymakers, but there is one section on Dalal Street who is not complaining. Oil explorers are set to gain from the swift climb in the global crude prices and some of them have … Read more
MUMBAI: The non-food component in the price basket will continue to keep inflation at a high level and result in a “long pause” in interest rates, a foreign bank said on Wednesday. The central bank is likely to pare the pandemic-driven emergency response as well, the report by Singaporean lender DBS said. It can be … Read more
SINGAPORE/LONDON: Oil prices edged lower on Monday as rising coronavirus cases and tensions between the United States and China pushed investors towards safe-haven assets. Brent crude dipped 20 cents, or 0.5%, to $43.14 a barrel by 1000 GMT, while U.S. West Texas Intermediate (WTI) crude dropped to $41.15 a barrel, down 14 cents, or 0.4%. … Read more
LONDON: Oil prices fell on Wednesday as industry data showed a bigger than expected inventory build in the United States, where a surge in coronavirus cases could further dent fuel demand in the world’s biggest oil consumer. Brent crude fell 39 cents, or 0.9 per cent, to $43.93 a barrel by 0837 GMT. US West … Read more