stock and oil price

Indian markets mirrored global trends as US stocks dipped, pressured by rising oil prices and Treasury yields, despite Nvidia's stellar earnings. While AI enthusiasm cooled, a resilient US economy and strong export data from Japan offered some bright spots. However, concerns over geopolitical tensions and inflation persisted, impacting investor sentiment.

US stock indexes traded mixed as easing Treasury yields and lower oil prices calmed investor concerns following last week's bond selloff. The Dow Jones Industrial Average saw gains, while the S&P 500 edged up and the Nasdaq Composite slipped. Investors are now closely watching upcoming corporate earnings, with Nvidia and Walmart set to report.

With supply concerns mounting, crude oil prices have surged beyond the $100-per-barrel level, compared to nearly $70 before the conflict escalated. Brent crude, remaining above $111 per barrel, has triggered wider effects across fuel prices, currencies, trade activity, and financial markets.

Fuel prices have seen another surge, with petrol and diesel rates climbing by approximately 90 paise per litre on Tuesday. This marks the second increase in less than a week, pushing petrol prices in Delhi to Rs 98.64 and diesel to Rs 91.58.

Hotels and factories scramble for alternatives after a steep commercial LPG hike, spike in firewood prices and shrinking supplies

Asian markets rallied Friday, buoyed by hopes of US-Iran peace talks, though volatile oil prices and Strait of Hormuz concerns fueled inflation worries. Tokyo led gains as investor sentiment improved. Despite diplomatic optimism, rising crude prices prompted reassessment of global interest rate expectations, with the US Federal Reserve potentially hiking rates later this year.

GFX Matter (Price comparision)

Panic buying gripped Jamshedpur and Ranchi as social media rumors of fuel shortages and price hikes led to long queues at petrol pumps for days. Authorities have reassured the public about ample supply, urging them to avoid hoarding and use digital platforms to verify information.

In Bihar, the price of petrol has crossed Rs 109 per litre, while diesel is close to Rs 96, following a rapid surge in just a week. This spike, a consequence of escalating global crude oil prices amid the US-Iran tensions, is tightening the belts of families across the state.

Indian markets brace for a volatile week, with the US-Iran conflict and soaring crude oil prices dominating investor sentiment. A weakening rupee, coupled with inflation concerns, adds to the pressure. Analysts anticipate heightened sensitivity to geopolitical developments, especially concerning the Strait of Hormuz, and will closely watch foreign investor activity and upcoming economic data.

The exuberance of Indian investors has pushed valuations so high that MNCs as well as PE/VC funds are seizing the opportunity to exit

Persistent foreign fund outflows and the rupee sliding to record lows have further dampened sentiment, prompting investors to stay cautious and intensify selling across equity markets.

The Centre has repeatedly asserted that there is no fuel shortage in the country and no plan to introduce rationing of petrol, diesel or LPG despite disruptions in global energy shipments linked to the Iran conflict and the Strait of Hormuz crisis.

Asian markets saw a downturn Friday, with investor enthusiasm for AI stocks waning due to inflation worries, high oil prices, and Middle East tensions. Despite this, Wall Street reached new peaks overnight, buoyed by tech gains and strong corporate earnings. Investors are closely watching US-China trade talks for any significant breakthroughs.

Asian markets showed mixed trading as AI stock momentum waned, oil prices stayed high, and inflation worries persisted. Japan's Nikkei saw a slight gain, while South Korea's Kospi recovered some losses. Concerns over stalled US-Iran talks and hotter US inflation data contributed to investor caution across the region.

India must cut reliance on foreign capital & build a strong domestic pool: Uday Kotak

US stocks advanced on Friday, nearing all-time highs as easing bond market pressure boosted investor sentiment. Strong retail and tech earnings, with companies like Ross Stores and Zoom exceeding expectations, fueled the gains. Global markets also saw positive movement, with Japan's Nikkei reaching a record.

US stocks retreated on Tuesday as rising oil prices and sticky inflation cooled Wall Street's rally. Technology shares, particularly AI-linked companies, led the decline. Concerns over the Iran conflict and its impact on crude supplies fueled inflation worries, strengthening expectations of prolonged elevated interest rates.

Gold price prediction today: Gold prices are unlikely to rise too much unless crude oil prices come down for a longer term duration, says Praveen Singh, Head Currencies and Commodities, Mirae Asset ShareKhan.

Wholesalers at Bhubaneswar's Unit-1 market suffered significant losses as fuel shortages crippled transportation, forcing them to sell vegetables at half price. Despite this, retail prices remained unchanged for consumers. Traders fear further losses if the fuel crisis persists, impacting the entire supply chain.