Keep Reading
Recommended Stories
Dalal Street Outlook: TCS Earnings, Crude Oil, Fed Minutes to Drive Stock Market This Week
Indian equity markets enter a pivotal week with the June-quarter earnings season beginning, led by TCS on July 9. Investors will also track crude oil prices around $68-69 a barrel, US Federal Reserve minutes, and progress of the southwest monsoon. Last week, the BSE Sensex rose 0.86% and the Nifty gained 0.89%.
BSE Sensex Opens in Green, Nifty50 Above 24,050 as US-Iran Conflict Uncertainties Linger
Indian equity markets opened flat-to-positive on Monday with BSE Sensex in green and Nifty50 above 24,050, amid US-Iran conflict uncertainties. The rupee strengthened 20 paise to 94.25 against the US dollar, supported by softer crude oil prices. Market participants are closely watching US-Iran ceasefire talks and key data releases this week.
US-Iran Peace Deal Could Push Brent Below $80 per Barrel, Boosting India's Crude Oil Supplies
A potential US-Iran peace deal, including the reopening of the Strait of Hormuz, could push Brent crude below $80 per barrel within two to three weeks, according to Indian refinery executives. The Gulf region supplied 40% of India's crude imports before the conflict, and resumed flows would ease supply constraints and lower freight costs. Additional OPEC+ output and the return of Iranian crude are also expected to pressure prices lower.
Sensex, Nifty Set for Muted Opening Amid High Crude, Global Yield Pressure
Indian equity benchmarks are set for a muted opening on Wednesday, August 19, as elevated crude oil prices and rising global bond yields weigh on risk appetite, according to The Times of India. GIFT Nifty futures at 24,202.5 point to a flat start after six straight sessions of losses for the Nifty 50. Foreign investors bought Rs 1,652 crore of equities on Tuesday, but a record $25 billion sell-off so far this year remains a concern.