New Delhi, June 25 (IANS) Indian equities may remain range-bound in the near term, but long-term outlook remains positive, backed by strong economic fundamentals and structural growth drivers, a report said on Thursday.The report from PL Wealth recommended staggered investments in quality large‑cap and large‑and‑mid‑cap strategies for short‑term investors.As inflation pressures ease and external headwinds decline over the medium term — six to 24 months — domestic growth drivers sho…
Latest crude oil prices News & Updates
Washington, June 25 (IANS) US President Donald Trump has said his administration was investigating major oil companies over suspected price gouging, arguing that falling crude oil prices had not translated into lower prices at American petrol stations.Speaking after his meeting with NATO Secretary General Mark Rutte at the White House on Wednesday (local time), Trump said the Department of Justice was examining whether energy companies were passing on lower costs to consumers.”We are not seeing …
Mumbai, June 21 (IANS) Indian equity markets are expected to remain cautiously optimistic in the next week, supported by easing geopolitical tensions in West Asia, softer crude oil prices and improving global risk sentiment, according to analysts on Sunday.Benchmark indices ended the previous week on a strong note, with Nifty gaining 390 points or 1.65 per cent to close at 24,013.10.Similarly, Sensex advanced around 1.7 per cent on a weekly basis, while broader markets outperformed with gains of…
New Delhi, June 19 (IANS) The minutes of the Reserve Bank of India’s (RBI) Monetary Policy Committee (MPC) meeting released on Friday show that India has been able to withstand the disruptions of the West Asia crisis because of the strong fundamentals of the economy. MPC member Nagesh Kumar said, “The Indian economy entered the West Asia crisis with much stronger macroeconomic fundamentals than most previous economic crises (including the global financial crisis, the taper tantrum, or Covid-19)….
New Delhi, June 18 (IANS) A decline in global crude oil prices does not automatically translate into an immediate reduction in petrol and diesel prices in India, Minister of State for Petroleum & Natural Gas and Tourism Suresh Gopi said on Thursday.Gopi told reporters that several factors influence domestic fuel pricing, including the time required for crude oil purchased at lower rates to reach India.He said the recent increase in fuel prices cannot be rolled back instantly merely because i…
Mumbai, June 14 (IANS) The Indian stock market is likely to remain driven by global cues in the coming week, with investors closely watching the US Federal Reserve’s policy meeting, developments surrounding a potential US-Iran peace agreement and trends in crude oil prices.Benchmark indices ended the previous week on a positive note, breaking a two-week losing streak amid improving investor sentiment.The Nifty gained 1.10 per cent to close at 23,622.90, while the Sensex rose 1.73 per cent to set…
New Delhi, June 6 (IANS) India’s GDP growth is expected to moderate in FY 2027 at 6.6 per cent after a stronger‑than‑expected 7.7 per cent expansion in fiscal 2026, a report has said.The report from Crisil Ratings said that a sharp rise in crude prices, a below‑normal monsoon and higher inflation will weigh on consumption and growth.”Growth outperformed expectations in fiscal 2026 due to fiscal support to private consumption, rate cuts by the Reserve Bank of India, healthy global growth,…
New Delhi, May 31 (IANS) The Reserve Bank of India (RBI) is likely to hold repo rate hike in its June monetary policy meeting and must use short-term rates and nudging to manage the pressure on the domestic currency, an SBI Research report said on Sunday.“Our call is along ‘hold the rates’ with a data-driven future dependency. However, an inflation targeting central bank can always use interest rate tools like operation twist that addresses market microstructure,” the report suggested.It…
New Delhi, May 27 (IANS) IndiGo is set to reduce its domestic flight capacity by 5-7 per cent between June and August 2026, becoming the second major Indian carrier after Air India to scale back operations amid rising cost pressures and softer post-summer travel demand.The airline has also already reduced its international capacity by nearly 17 per cent as part of temporary schedule adjustments.The move comes shortly after Air India announced a 22 per cent reduction in domestic flight operations…
Mumbai, May 23 (IANS) Foreign institutional investors (FIIs) remained net sellers this week, offloading Rs 7,570 crore based on provisional exchange data as domestic institutional investors (DIIs) were net buyers, purchasing Rs 16,950 crore, providing enough cushion.In the month of May, FIIs have sold a cumulative Rs 32,230 crore, while DIIs have bought Rs 56,870 crore, based on provisional exchange data.FIIs were net buyer on Monday’s session with inflow of Rs 2,810 crore.“However, they tur…