New Delhi, April 16 (IANS) India’s external position showed resilience in March 2026 as the goods trade deficit fell to $21 billion due to a sharp fall in precious‑metal imports and a rebound in exports, a report said on Thursday.Meanwhile, a robust services sector surplus continued to offset the higher goods deficit, the report from Emkay Global Financial Services noted.India’s total imports fell about 6 per cent month‑on‑month to $59.6 billion, and total exports rose 6 per cent to $38.9 …
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Washington, March 25 (IANS) Oil markets swung sharply as investors weighed fears of a prolonged Middle East conflict against signs of possible diplomatic progress, with prices briefly topping $100 before retreating.Wall Street struggled for direction. Crude rose, bonds sold off, and stocks fell as conflicting signals emerged from Washington and the region, according to reporting by The Wall Street Journal.Front-month Brent crude climbed 4.6 per cent to $104.49 a barrel, while West Texas Intermed…
New Delhi, March 24 (IANS) A smart recovery is likely in Indian markets as the crude overhang wanes and price‑earnings (P/E) premiums contract, a report said on Tuesday.Emkay Global Financial Services, in its report, projected the Indian rupee to bounce back toward Rs 91 per US dollar and the 10‑year government bond yield to ease to about 6.65 per cent from 6.83 per cent currently, with normalisation taking two to three months.”The Nifty fell 5 per cent in the last three trading sessions, pr…
Mumbai, March 20 (IANS) The Indian stock markets ended in the green on Friday but gave up part of their gains in the final hour as rising tensions between Iran and Israel pushed oil prices higher and dampened investor sentiment.The benchmark indices Nifty and Sensex settled off their day’s highs after reports of fresh strikes between Iran and Israel triggered concerns over global energy supplies.The Nifty closed 112.35 points, or 0.49 per cent, higher at 23,114.50, while the Sensex gained 325….
New Delhi, March 10 (IANS) Gold and silver prices posted strong gains on Tuesday as the US dollar softened, and energy prices fell on signals from President Donald Trump that the conflict in the Middle East could be nearing an end.MCX gold April futures gained 1.15 per cent to Rs 1,62,150 per 10 grams around 12.15 pm on an intraday basis. Meanwhile MCX silver May futures gained 3.68 per cent to Rs 2,77,000 per kg.In international markets, spot silver climbed toward $82.50 per ounce, while spot g…
New Delhi, March 10 (IANS) Amid war de-escalation hopes in West Asia, crude oil prices drop almost 6 per cent in early trade on Tuesday, after crossing the $100 a barrel on Monday.While Brent futures dropped $6.51, or 6.6 per cent, to $92.45 a barrel, US West Texas Intermediate (WTI) crude was down $6.12, or 6.5 per cent, to $88.65.The oil prices fell after President Donald Trump said that the US campaign against Iran would end “very soon”, defining victory as the point at which Tehran no lo…
New Delhi, March 7 (IANS) The ongoing conflict in the Gulf — involving Israel, Iran, and US assets in the region — could have far-reaching economic consequences, including global recessionary pressures, rising inflation and financial market turbulence, a report by SBI Research said on Saturday.However, domestic financial markets have been supported by RBI interventions such as smoothing of G-sec yields and management of rupee volatility.It, however, warned that prolonged conflict could still p…
Mumbai, March 7 (IANS) Domestic equity benchmarks plummeted nearly 3 per cent this week on a cautious note amid heightened volatility, as persistent foreign fund outflows and escalating geopolitical tensions in the Middle East kept investors on edge.The frontline indices saw a fall of 2.9 per cent each. Sensex closed at 78,918.90 against Friday’s close of 81,287.19 (February 27), while Nifty settled at 24,450.45 against the previous week’s 25,178.65 closing.Meanwhile, foreign institutional inv…
Mumbai, March 4 (IANS) The Indian equity markets opened sharply lower on Wednesday, tracking weak global cues and aggressive FII short positioning in index futures amid escalating geopolitical tensions in the Middle East.As of 9.28 am, Sensex lost 1,773 points, or 2.21 per cent, to reach 78,465 and Nifty eased 549 points, or 2.21 per cent, at 24,316.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 2.18 per cent, and the Nifty Smallcap 100 lost…
New Delhi, March 3 (IANS) India is in a reasonably comfortable position as far as crude oil, LPG and LNG are concerned, with a stock of 25 days of reserve for crude and 25 days of products, including the quantity that is in transit on ships headed for the country’s ports, according to government sources.India imports over 85 per cent of its crude oil requirement, of which around 50 per cent is supplied by Middle Eastern countries through the Strait of Hormuz, flows from which has been disrupte…