Middle East war, oil prices to steer markets in holiday-shortened week; rupee and FII flows in focus

Middle East war, oil prices to steer markets in holiday-shortened week; rupee and FII flows in focus

Developments in the month-long war in Middle East, movements in crude oil prices and broader global cues are expected to remain the biggest triggers for Indian stock markets in the holiday-shortened week ahead.Analysts cited by news agency PTI said that investors will also closely track the rupee’s movement against the US dollar and the trading…

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Market recap: Rs 1.75 lakh crore wiped off 7 of top-10 firms; Reliance leads losses

Market recap: Rs 1.75 lakh crore wiped off 7 of top-10 firms; Reliance leads losses

The holiday-shortened trading week took a toll on the country’s top companies, with seven of the ten most valued firms collectively losing Rs 1.75 lakh crore in market capitalisation. Reliance Industries saw the largest share of the erosion, mirroring the broader weakness in equities. The downturn in stocks was reflected in the benchmark indices, with…

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India opposes China-led IFD pact’s inclusion; flags risks to WTO framework and core principles

India opposes China-led IFD pact’s inclusion; flags risks to WTO framework and core principles

India on Saturday said it has strongly opposed the China-led Investment Facilitation for Development (IFD) Agreement being incorporated into the World Trade Organisation (WTO) framework, flagging concerns over its systemic implications, PTI reported.The issue was raised at the ongoing 14th ministerial conference (MC14) of the WTO in Yaounde, Cameroon, where Commerce and Industry Minister Piyush…

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Noida airport to start commercial flights in 45-60 days, says Aviation minister

Noida airport to start commercial flights in 45-60 days, says Aviation minister

Commercial operations at the Noida International Airport are expected to begin within 45 to 60 days, Civil Aviation Minister K Rammohan Naidu said on Saturday, indicating that the final preparatory steps are underway, reported PTI.The greenfield airport at Jewar in Uttar Pradesh was inaugurated earlier in the day by Prime Minister Narendra Modi, marking a…

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Middle East crisis: Jubilant FoodWorks reports some Domino’s outlets affected by LPG shortage

Middle East crisis: Jubilant FoodWorks reports some Domino’s outlets affected by LPG shortage

Jubilant FoodWorks Ltd (JFL), which operates Domino’s Pizza and Dunkin Donuts in India, has reported constraints in LPG cylinder supplies across parts of its store network due to the ongoing West Asia war, according to ET.In a filing to the BSE, the company said, “Operational impact at this stage is limited and being actively managed….

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Russia sells reserve gold for first time in 25 years to fund Ukraine war deficit: Report

Russia sells reserve gold for first time in 25 years to fund Ukraine war deficit: Report

Russia has begun selling physical gold from its central bank reserves for the first time in 25 years, as the government seeks to plug a widening budget deficit driven by sustained military expenditure, according to a report by Berlin-based news outlet bne IntelliNews.Regulatory data show that between 2022 and 2025, Russia sold gold and foreign…

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How crude oil benchmark volatility, refinery economics and a broken supply chain are testing India’s energy resilience

How crude oil benchmark volatility, refinery economics and a broken supply chain are testing India’s energy resilience

“Energy can never be created, nor destroyed; it can only be changed from one form to another.”The first law of thermodynamics remains a quiet scientific truth despite a broken supply of crude oil due to the ongoing Middle East crisis. As geopolitical disruption tightens its grip around the Strait of Hormuz, that law reads less…

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