Oil prices surged Monday as Yemeni Houthis attacked Israel, escalating the Middle East conflict. Brent crude neared record monthly gains, driven by fears of disrupted shipping lanes in the Red Sea and Bab el-Mandeb. Saudi exports are rerouting, with potential disruptions impacting global supply. Ceasefire talks are underway amidst rising tensions.Read More
Five Nifty 200 stocks, including BSE and SBI, closed over 1% below their VWAP on March 27, signalling potential bearish momentum. A drop below VWAP indicates increased selling pressure, as prices settle below the day’s volume-weighted average, often seen as a key technical indicator for short-term market direction.Read More
Oil prices surged on Monday amid escalating Middle East tensions, with Brent crude nearing $120 per barrel. Concerns over a potential US ground offensive in Iran, Iran-aligned Houthis attacking Israel, and supply disruptions drove the rally. Analysts warn prices could hit $200 if the conflict prolongs, while $80 may become the near-term norm.Read More
Aluminium prices surged on Monday, nearing four-year highs as Middle East’s largest producers, Emirates Global Aluminium and Aluminium Bahrain, reported damage from Iranian attacks. The strikes impacted facilities, with two employees injured at Aluminium Bahrain, while regional peer Emirates Global Aluminium’s site sustained significant damage. This disruption affects global supply from the Gulf region.Read More
Gold prices tumbled over 1% as escalating energy costs fueled inflation fears, diminishing hopes for U.S. interest rate cuts this year. The precious metal has seen a significant monthly decline, impacted by a strengthening dollar amid the ongoing conflict. Traders now anticipate no rate reductions due to persistent inflation concerns.Read More
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