The Centre assured that LPG supply across the country is normal, despite rising tensions in the Middle East, with shipments sailing through the Strait of Hormuz without any disruption. Dismissing fears of any shortage in the nation, petroleum and natural gas secretary Neeraj Mittal, on Thursday, said that domestic availability remains stable. “I don’t see…
At present, 16 India-flagged vessels remain stuck in the Persian Gulf. (AI image) Looking to take advantage of the two week ceasefire window, India is urging Iran to help expedite the movement of India-bound oil ships through the Strait of Hormuz. The aim is to make sure these ships are quickly offloaded so that they…
One more India-flagged LPG carrier, Green Asha, reached Indian shores on Thursday, after crossing the Strait of Hormuz earlier this week. The vessel, carrying 15,400 tonnes of LPG, docked at the BPCL-IOCL liquid berth at Jawaharlal Nehru Port Authority (JNPA). It is the first such tanker to dock at JNPA since the outbreak of the…
In the upcoming week, the area around the weekly low of 148,000 is expected to act as a key support zone. (AI image) Gold and silver price prediction today: Both gold and silver prices are seeing some bullish bias and are likely to see a steady rise in the coming days, says Abhilash Koikkara, Head…
The tussle over the opening of the Strait of Hormuz continues as the Middle East crisis intensifies, with oil shipments yet to return to normal levels. According to a senior Gulf Oil adviser, any impact on fuel prices in the United States is likely to take time.Tom Kloza, the company’s chief energy adviser, told CNN…
Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex opened in red on Thursday, a day after the stock market saw a record single day gain. While Nifty50 went below 23,900, BSE Sensex was down over 500 points. At 9:16 AM, Nifty50 was trading at 23,857.40, down 140 points or 0.59%. BSE…
Top stocks to buy (AI image) Top stock market recommendations: Aditya Birla Sun Life AMC, Bank of India, and Cummins India have been picked as top stocks to buy today by Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group. He shares target levels and rationale for buying these stocks…
Oil prices inched higher on Thursday after suffering their steepest single-day fall since April 2020, as uncertainty around the Strait of Hormuz and renewed tensions in the Middle East kept markets on edge. Brent crude moved back towards $97 a barrel, rebounding from a 13% on Wednesday, while West Texas Intermediate also traded close to…
Stock market today (AI image) Stock market today: Buoyed by the two week US-Iran ceasefire, stock markets rallied strongly on Wednesday. While Nifty50 went above 24,000 intraday, BSE Sensex rose over 3,000 points. Nifty50 ended the day at 23,997.35, up 874 points or 3.78%. BSE Sensex closed at 77,562.90, up 2,946 points or 3.95%.The market…
Strait of Hormuz (File photo) As the United States and Iran announced a temporary two-week ceasefire, a new flashpoint is now emerging. Tehran is seeking to levy toll fees on ships transiting the Strait of Hormuz, a proposal that could disrupt global trade flows and push energy markets into fresh uncertainty. Why does the Strait…
While the Indian economy continues to be on a strong footing, it is faced with global headwinds that have added to uncertainty. Reserve Bank of India (RBI) governor Sanjay Malhotra on Wednesday said that the Monetary Policy Committee has decided to keep the repo rate unchanged at 5.25% with a neutral policy stance. India continues…
RBI governor Sanjay Malhotra pointed out five ways in which the Indian economy will be impacted by the ongoing conflict. (AI image) The Monetary Policy Committee (MPC), led by Reserve Bank of India (RBI) governor Sanjay Malhotra kept the repo rate unchanged and continued with the neutral stance while flagging risks to GDP growth and…
