India’s state-run oil refiners are sparingly using a special FX credit line from State Bank of India, designed to support the rupee. Refiners are hesitant due to expectations of further rupee depreciation, which would increase their repayment costs. This cautious approach comes as the rupee faces renewed pressure, partly from oil-related dollar buying.Read More
Vedanta shares will trade ex-demerger today. A special session will adjust prices. Four new entities will list soon. This restructuring aims to unlock value. Investors should focus on future listings. Vedanta’s Q4 results showed strong profit growth. The demerger is a significant corporate move in India’s metals sector.Read More
Indian markets anticipate the US Fed’s decision and election exit polls today. Key companies including HUL, Bajaj Finance, and Adani Power will be watched closely. Adani Green plans significant battery storage expansion. Jaguar Land Rover faces a refund order. Vedanta foresees increased aluminium production costs due to geopolitical tensions.Read More
US equity futures rose, driven by tech giants and AI trade, while oil prices surged amid escalating Iran war uncertainty. The Federal Reserve held rates steady, revealing a hawkish tilt, as traders navigate a volatile market with upcoming central bank decisions and megacap earnings.Read More
Oil prices surged to their highest levels since mid-2022 amid growing concerns over a prolonged U.S. blockade on Iranian exports and stalled nuclear negotiations. This disruption, potentially extending until a broader deal is reached, is tightening supply conditions and could lead to further price increases.Read More
The dollar strengthened as hawkish remarks from Federal Reserve policymakers pushed yields higher, leading traders to price out rate cuts this year. Meanwhile, the Japanese yen’s sharp decline against the dollar intensified focus on potential intervention risks amid ongoing geopolitical tensions and oil price spikes.Read More
Gold prices rebounded on Thursday, buoyed by a weaker U.S. dollar. However, elevated oil prices continue to fuel inflation concerns and expectations of prolonged higher interest rates. Global gold demand saw a 2% year-on-year increase in Q1 2026, driven by bar and coin purchases and central bank buying.Read More
Oil prices extended gains as concerns mount over prolonged supply disruptions from the Middle East due to the U.S.-Iran conflict. Talks to end the war have deadlocked, with the Strait of Hormuz remaining largely blocked. The UAE’s withdrawal from OPEC is also expected to impact the group’s price control ability.Read More
Indian markets opened firm on Wednesday, buoyed by global cues and easing geopolitical tensions. However, gains were capped by surging crude oil prices and a weak rupee. Investor sentiment remains cautious ahead of state election exit poll results, with final outcomes expected to add to market volatility.Read More
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