The Indian equity market exhibited volatility over the past week, ultimately closing marginally lower amid mixed signals. After a subdued start, the Nifty 50 index remained range-bound for most of the week, showing signs of fatigue. Selective buying in key heavyweights across sectors kept the sentiment positive. In the first week of August, investors will …
Oil prices declined on Monday following President Joe Biden’s announcement that he would not pursue a second term, while investors speculated about potential U.S. interest rate cuts as early as September. By 1327 GMT, Brent crude futures had decreased by 68 cents, or 0.82%, to $81.95 per barrel. U.S. West Texas Intermediate crude futures dropped …
Crude oil prices extended gains on Thursday, July 11, keeping the Brent crude benchmark above the $85 per barrel-mark, after Wall Street experts lifted bets on interest rate cuts by the US Federal Reserve. This came after US government data showed an unexpected slowdown in consumer price-based (CPI) inflation. Brent crude futures were up 23 …
The domestic equity benchmarks snapped four-week rally and recorded the worst week since October 2023 with Nifty and Sensex declining 2.09 per cent and 1.99 per cent dragged by broader indices. The move was subdued in the following sessions, tracking mixed cues. Indices rebounded in the final sessions from its intraday lows. The Nifty 50 …
Oil prices experienced a slight decline amid speculation that unexpectedly robust inflation figures might postpone reductions in high interest rates, which have been restraining global fuel demand growth. Brent crude futures saw a decrease of 20 cents, marking a 0.3% drop to $81.42 per barrel by 1415 GMT. Similarly, U.S. West Texas Intermediate crude futures …
Oil prices slipped on Monday as investors indulged in some profit-taking after both benchmarks ended last week about 6% higher on Middle East tensions and as refining outages squeezed refined products markets. Brent crude futures were down 54 cents, or about 0.7%, at $81.65 a barrel, while U.S. West Texas Intermediate crude futures slipped 32 …
Domestic equity benchmarks BSE Sensex and Nifty 50 logged weekly losses but ended the week higher supported by banks. On the sectoral front, indices gave a mixed performance with PSU bank rising the most becoming the top performer and the FMCG sector declined the most. Markets traded lackluster in a range and settled with a …
Oil prices gained over two per cent on Thursday, February 8, as investors considered the impact of Israel’s rejection of a ceasefire offer from Hamas and unexpected drops in US fuel stocks. Diplomatic efforts continue, with a Hamas delegation arriving in Cairo on Thursday for ceasefire talks with mediators Egypt and Qatar. Brent crude futures …
Oil prices rose for a second week in a row and settled at their highest in nearly two months on Friday, January 26, as positive US economic growth and signs of Chinese stimulus boosted global demand expectations, while Middle East supply concerns added support to price rise. Brent crude futures rose $1.12, or 1.4 per …
Oil prices rose on Thursday, January 25, after data showed US crude stockpiles fell more than expected last week and a fresh attack by Houthi forces on ships off Yemen’s coast underscored the peril facing trade in a key global transit route. Europe policymakers only see price growth returning to the two target in 2025 …