Indian benchmark indices Sensex and Nifty surged over 1 per cent, propelled by robust buying in banking and financial counters and a positive global market sentiment, as investors anticipate progress in US-Iran negotiations. Photograph: Utpal Sarkar/ANI Photo Sensex and Nifty50
The Indian rupee experienced significant volatility, closing 32 paise lower at 92.83 against the US dollar, as escalating US-Iran tensions and a crucial RBI deadline for banks to curb overnight positions weighed heavily on the forex market. Illustration: Dominic Xavier/Rediff
Crude oil prices plummeted after Donald Trump’s decision to temporarily halt military strikes on Iran’s energy infrastructure, signaling a de-escalation of geopolitical tensions and impacting global oil markets. Photograph: Christian Hartmann/Reuters Key Points Crude oil prices fell sharply after Donald
Foreign exchange traders said the Reserve Bank of India intervened by selling dollars, helping limit the rupee’s fall. Illustration: Dominic Xavier/Rediff Key Points The rupee has depreciated 8.8 per cent so far this financial year. The price of the Indian
Experts warn that if geopolitical tensions continue to escalate and supply disruptions persist, oil prices could remain volatile and may move towards the $150 level in the coming period. Illustration: Dado Ruvic/Reuters Key Points A 20 per cent global shortage
Factors contributing to the outflows include rupee depreciation beyond the 92-per-dollar level, elevated US Treasury yields drawing capital back to safe-haven assets, and mixed early outlook for Q4 FY26 corporate earnings, particularly margin pressures in the IT and consumption sectors.
Sensex and Nifty post steepest weekly loss in over a year, falling nearly 3 per cent. Kindly note that this illustration generated using ChatGPT has only been posted for representational purposes. Domestic equity markets resumed their sharp decline on
The conflict in West Asia intensified with Iran continuing to pound several Gulf countries in retaliation for the joint attack against it by Israel and the US. The US and Israel have also carried out fresh strikes on Iran. Photograph:
Traders said the USD/INR pair remains under pressure as investors are moving toward safe-haven assets. Moreover, persistent foreign capital outflow from the equities, and fears grow that expensive imports will hurt the trade balance. Illustration: Dominic Xavier/Rediff Key Points The
