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
Global markets are on edge as Middle East tensions escalate, pushing the U.S. dollar higher and weakening the Japanese yen past a critical 160 level, sparking intervention fears. Investors are seeking safety amid concerns over prolonged conflict and its impact on oil flows and global economic stability. The euro and sterling also face monthly declines.Read More
Speciality Medicines shares debut on the BSE SME platform today. The company’s IPO, a fresh issue, sought to raise approximately Rs 29 crore. The price band was set between Rs 117 and Rs 124 per share. Proceeds will fund an R&D centre, international registrations, and marketing. The company operates in speciality pharmaceuticals, with a global presence.Read More
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