Day

March 12, 2026
Oil prices surged over 7% to near $100 per barrel despite the International Energy Agency announcing its largest-ever coordinated release of emergency reserves. Traders remain skeptical that the 400-million-barrel stockpile drawdown will offset supply risks from the escalating Middle East conflict, particularly if disruptions persist in the Strait of Hormuz, a key global oil transit...
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Global markets are on edge as oil prices surge, nearing $100 a barrel. This spike fuels inflation fears, prompting central banks to consider aggressive interest rate hikes. The U.S. dollar is strengthening as investors seek safety. Tensions in the Strait of Hormuz add to market volatility. Economists warn of slower global growth. Cryptocurrencies are also...
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Aluminium prices surged on Thursday, driven by ongoing concerns over a tightening global supply exacerbated by the Middle East conflict. The Shanghai and London Metal Exchanges saw significant gains as shipments through the Strait of Hormuz faced disruptions, fueling fears of a more acute supply squeeze.
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Oil prices surged over 7%, pushing Brent close to $100 per barrel amid escalating Middle East tensions and supply disruption concerns. The rally is expected to keep upstream oil stocks such as Reliance Industries, ONGC and Oil India in focus, while geopolitical risks raise fears that crude prices could spike further.
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On March 11, six Nifty200 stocks entered the RSI Trending Up scan after gaining momentum. Their RSI readings crossed above the 50 mark from lower levels, signalling strengthening price momentum and rising buying interest. Traders track this technical signal to identify potential bullish continuation in these stocks.
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Borosil Ltd may remain in focus after the company partially halted production at its Jaipur furnaces due to LPG supply restrictions linked to Middle East tensions. Disruptions in tanker movement through the Strait of Hormuz have tightened fuel supplies in India, pushing LPG prices higher and triggering shortages in several cities.
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Global markets are experiencing a volatile week. US stock futures and Asian shares are down. Oil prices are rising again due to Middle East tensions. This is impacting inflation expectations and the US Federal Reserve’s plans for interest rate cuts. Investors are closely watching energy markets and the private credit sector for further clues.
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Markets experienced a sharp decline of over 1.5% on Wednesday, driven by weak global cues and geopolitical tensions, with Nifty approaching its previous swing low. Several companies like IndiGo, IDFC First Bank, and Ashok Leyland are in focus due to significant news developments, including regulatory dismissals, ED searches, and new investment plans.
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Oil rose in Asia on Thursday even after announcements of huge releases of crude from strategic reserves in an attempt to bring down prices in the wake of the Iran war. The United States Department of Energy said Wednesday it will release 172 million barrels from the strategic petroleum reserve “beginning next week”.
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