Mumbai, May 5 (IANS) Domestic equity markets on Tuesday traded sharply lower in the morning trade amid fresh jitters over escalating geopolitical tensions between the US and Iran.Sensex was trading at 76,745, down 0.67 per cent or 524 points in early trade, while Nifty slipped to 23,949, declining 0.7 per cent or 170 points.Sector-wise, selling pressure was driven by auto, financials, banking, consumer durables, and metal stocks. Nifty Auto, Nifty Private Bank, Nifty PSU Bank, Nifty Consumer Dur…
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Mumbai, April 28 (IANS) Gold and silver traded sharply lower on Tuesday, declining by up to 2 per cent amid ongoing tensions between the US and Iran and a rise in crude oil prices, which breached the $110 mark again.On the Multi Commodity Exchange (MCX), gold futures (June 5) witnessed selling pressure. The yellow metal fell to an intraday low of Rs 1,50,450 per 10 grams, down 0.83 per cent or Rs 1,271, while it touched a high of Rs 1,51,802, up 0.05 per cent or Rs 81.At the last count, gold was…
Mumbai, April 21 (IANS) Global crude oil prices witnessed decline on Tuesday, reversing the previous session’s gains, amid expectations that upcoming talks between the United States and Iran could ease tensions.International oil benchmark Brent crude futures declined as much as 1.31 per cent to $94.22 per barrel, hitting an intraday low.Meanwhile, US West Texas Intermediate (WTI) traded at $85.5, down 2.19 per cent from the previous close.However, both crude benchmarks had rallied strongly on …
Washington, April 20 (IANS) Global oil prices surged sharply on Monday after the United States seized an Iranian cargo ship, raising fears of escalation and clouding prospects of a peace deal between Washington and Tehran. Brent crude rose 6.3 per cent to $96 a barrel, while US benchmark WTI climbed 7 per cent to $88.3 a barrel, according to CNN live market data.The rally followed a weekend escalation in the Gulf of Oman, where US naval forces fired on and captured an Iranian-flagged vessel that…
New Delhi, April 6 (IANS) International crude oil prices traded higher on Monday as persistent fears of supply disruptions in West Asia kept markets on edge, with the ongoing US-Israel-Iran conflict weighing on sentiment.Brent crude futures rose as much as 2.01 per cent or $2.2, to $111.23 per barrel, hovering near a 52-week high. Similarly, US West Texas Intermediate (WTI) crude gained 3.53 per cent or about $4 to $115.48 by 10.20 am.On the domestic front, crude oil futures on the Multi Commodi…
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…