Spot prices for Brent Crude cargos stood at $124.68 on Wednesday, April 8, as per data tracked by S&P Global, a sign that even as the US and Iran engage in talks for a potential end to hostilities, the supply disruptions remain a concerning factor in the energy markets. Brent’s spot price means the rate…
The trading desk of JPMorgan Chase & Co. is modelling a bullish, bearish and a status quo scenario due to the US-Iran war and each of them has a different implication for the markets. While parts of a bullish scenario sees an “everything rally”, the bearish scenario sees oil prices jumping to as high as…
Drugmaker Lupin Ltd on Wednesday, April 8, said it has received approval from the US Food and Drug Administration for its Dapagliflozin and Metformin Hydrochloride extended-release tablets in multiple strengths in the United States. The approval covers tablets in 5 mg/500 mg, 5 mg/1,000 mg, 10 mg/500 mg and 10 mg/1,000 mg strengths, while a…
NTPC Limited said on Wednesday, April 8, that it has signed a non-binding Memorandum of Understanding (MoU) with Electricite de France (EDF) to explore cooperation in developing new nuclear power projects in India, following approvals from relevant government ministries and departments. As per a press release filed at the exchange, the MoU was signed by…
Jet Airways (India) Ltd, currently under liquidation, said two of its Boeing 777 aircraft have been sold through an e-auction, garnering combined bids of ₹568.18 crore, significantly higher than their reserve prices. In an exchange filing on Wednesday, April 8, the airline said the two aircraft — both B777-300ER models based in Delhi — were…
The Dollar Index dropped more than 1% on Wednesday (March 8), hovering around 98.58, putting it on track to erase gains recorded earlier in 2026. What is the Dollar Index? The Dollar Index (DXY) measures the value of the US dollar relative to a basket of six major foreign currencies. It shows how the dollar…
US stock markets opened sharply higher after President Donald Trump signalled a temporary de-escalation in the US-Iran conflict, proposing a two-week ceasefire and easing fears of a prolonged disruption in global energy supplies. The Dow Jones Industrial Average opened over 1,380 points higher, or about 2.7%, while the S&P 500 and Nasdaq Composite gained around…
The Nifty 50 index opened with a sharp gap up of 705 points following the ceasefire announcement in the West Asia conflict involving the US, Israel, and Iran. What stood out was not just the strong opening, but the market’s ability to sustain and build on those gains through the session. The index moved steadily…
Gold loan financier Manappuram Finance Ltd on Wednesday (April 8) reported a violation of its code of conduct under the SEBI (Prohibition of Insider Trading) Regulations, 2015, involving a trade in the company’s shares through the discretionary portfolio management services (PMS) account of an independent director. The company said the transaction occurred in the PMS…
Footwear maker RedTape Ltd on Wednesday (April 8) said it has acquired the international sports footwear brand SPRANDI for India, Nepal, Bhutan, and Sri Lanka. SPRANDI is a globally-recognised brand with strong sales volumes in international markets, including China, Russia, the Middle East, and CIS countries. RedTape said it plans to launch SPRANDI in the…
