“As a market trader, I want to first assess the timeframe over the next 48 to 96 hours—see where we are by Friday. If tensions escalate further and the U.S. and Israel become more deeply involved, that changes the geopolitical footprint and could seriously impact the stability of the Middle East. But if things settle … Read more
Shipping stocks like GE Shipping and SCI soared up to 13% on Friday as mounting tensions between Israel and Iran jolted global markets, pushing crude prices sharply higher and raising bets of container shipping rates rising. Shares of Great Eastern Shipping Company rose as much as 7.7% to Rs 1,049.70 on the BSE, while Shipping … Read more
Indian aviation stocks declined sharply on Friday, June 13, amid twin shocks of a fatal Air India crash and a spike in global crude oil prices driven by escalating Middle East tensions. Shares of InterGlobe Aviation (IndiGo) dropped nearly 6% to Rs 5,175, while SpiceJet fell 5.5% to Rs 42.16 on the BSE. Air India … Read more
The Indian rupee strengthened on Monday, tracking a rise in the offshore Chinese yuan and comforted by falling crude oil prices, even as dollar demand from importers and a large foreign bank ate into some of the currency’s intraday gains. The rupee closed at 84.25 against the U.S. dollar, up 0.4% on the day. The … Read more
Foreign investors turned net sellers in October, offloading shares worth Rs 27,142 crore in just the first three days of October due to intensifying conflict between Israel and Iran, a sharp rise in crude oil prices, and improved performance of Chinese markets. The outflow came after FPI investment reached a nine-month high of Rs 57,724 … Read more
Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more
Crude oil shed to a near four-month low last week due to easing supply tensions in the Middle East, rising OPEC exports, mixed economic data release from China, and a surge in US inventory levels. Prices corrected by more than 16 percent since the middle of October when it surpassed $90 a barrel on worries … Read more
“We remain overweight on sectors that will benefit from economic expansion such as banks, industrials, utilities, defence, real estate, and cement,” says Dr. Poonam Tandon, Chief Investment Officer at IndiaFirst Life. In an interview with ETMarkets, Tandon said: “We are very positive on the infrastructure and real estate cycle as the sector will continue to … Read more
Global oil prices held steady near $85 a barrel, but traders remain cautious following the eruption of violence between Israel and Hamas, which could potentially disturb the oil supply chain in the Middle East. Prices clocked one-year highs at the end of September, driven by worries about supply shortages after a surprise extension of voluntary … Read more
New Delhi: A rare trinity of rising crude oil prices, a strengthening dollar, and hardening US interest rates could pose a significant macroeconomic challenge to emerging markets, including India, say economists. The US 10-year treasury yield hit a 16-year high on Monday and was perched at 4.67%, at the time of going to press on … Read more