Domestic equity benchmarks traded volatile – witnessing a roller-coaster move amid mixed cues last week before closing the week in positive territory by gaining nearly half a per cent. Initially, prices declined to a five-week low amid escalating concerns about froth building in the midcap and smallcap segments. The pressureRead More →
Oil prices experienced a decline, with the global benchmark Brent dropping below $82 per barrel, on Monday. This downward trend occurred as worries diminished about potential disruptions to supply due to conflicts in the Middle East. Additionally, concerns about softened demand in China contributed to the bearish sentiment. Brent futuresRead More →
The Indian equity indices witnessed a volatile week, ultimately extending their winning streak for a third consecutive week to achieve a new all-time high. The Nifty and Bank Nifty indices rose by nearly 0.75 per cent and 11.5 per cent respectively, closing the week at 22,419.55 and 48,636.45. The marketRead More →
Brent futures for May settled $1.64 higher, or two per cent, at $83.55 a barrel. The April Brent futures contract expired on February 29 at $83.62 a barrel. US West Texas Intermediate (WTI) for April rose $1.71, or 2.19 per cent, to $79.97 a barrel. For the week, Brent addedRead More →
Oil prices rose on Tuesday, February 27, as the market focused on uncertainty over a potential Gaza ceasefire and some expectations that the Organization of Petroleum Exporting Countries (OPEC) will extend voluntary supply cuts in March. Mixed signals came from the Middle East as US President Joe Biden said IsraelRead More →
Asian markets traded mixed while the US stocks ended lower as sentiment remained weak ahead of the release of key economic data this week. The release of January’s personal consumption expenditures price index (PCE) – the US Federal Reserve’s preferred inflation gauge – could dampen the recent enthusiasm should theRead More →
Oil prices experienced a slight decline amid speculation that unexpectedly robust inflation figures might postpone reductions in high interest rates, which have been restraining global fuel demand growth. Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. Similarly, U.S.Read More →
Oil prices fell nearly three per cent lower in the previous session and posted a weekly decline after a US central bank policymaker indicated interest rate cuts could be delayed by at least two more months. Federal Reserve policymakers should delay US interest rate cuts by at least another coupleRead More →
The conflict in Israel remains in place, although that is unlikely to adversely affect the crude oil supply. However, the bigger development has been the US government’s efforts to continue to target Iranian proxies in the Middle East in retaliation for a suicide drone strike in Jordan, said ICICI BankRead More →
Markets traded volatile in the continuation to the prevailing consolidation phase but managed to edge higher. The beginning was subdued however gradual recovery in the following sessions not only pared losses but also helped the index to close around the week’s high. On the benchmark front, both Nifty and SensexRead More →
