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Oil prices experienced significant volatility, ultimately closing higher for the week despite early gains being relinquished. Traders are closely watching potential peace talks between the U.S. and Iran, which could ease supply concerns. However, ongoing disruptions in the Strait of Hormuz continue to fuel fears of renewed military escalation and higher prices.
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Gold prices saw a slight uptick on Friday but are poised for their first weekly decline in five weeks. Lingering inflation worries and the volatile U.S.-Iran conflict are keeping markets on edge. While recent diplomatic efforts hint at de-escalation, investor sentiment remains cautious, influencing gold’s trajectory amidst fluctuating oil prices and interest rate expectations.
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Reliance Retail Ventures Ltd posted modest profit growth as heavy investments in quick commerce impacted margins, despite strong revenue gains. Rapid expansion in hyperlocal delivery, FMCG and store network supported scale, positioning the company for long-term growth and deeper market penetration.
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Mukesh Ambani said Jio Platforms IPO plans are advancing, marking a key milestone. Strong growth, rising ARPU and subscriber gains support valuation, with the listing expected to unlock value and become one of India’s largest offerings.
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JioStar reported a significant net profit of Rs 3,210 crore for FY26, with operating revenue reaching Rs 31,048 crore. The entertainment arm also saw strong performance in the March 2026 quarter, with 810 million viewers on its TV channels and 500 million monthly active users on JioHotstar.
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