Why did crude oil prices suddenly fall today? 🛢️📉
• Markets are expecting progress in US–Iran peace talks 🌍
• Investors believe global oil supply disruptions may reduce soon 🚢
• Supply fears around the Strait of Hormuz started easing ⚠️
• Traders booked profits after oil rallied strongly in previous sessions 💸
• Lower supply tension usually pushes oil prices downward 📊
Oil prices often move more on expectations than actual events. 👀
• Markets are expecting progress in US–Iran peace talks 🌍
• Investors believe global oil supply disruptions may reduce soon 🚢
• Supply fears around the Strait of Hormuz started easing ⚠️
• Traders booked profits after oil rallied strongly in previous sessions 💸
• Lower supply tension usually pushes oil prices downward 📊
Oil prices often move more on expectations than actual events. 👀
Urea sales jumped 10%, while DAP sales surged 39% due to panic buying.
Vaibhav Suryavanshi became the fastest Indian batter to score 1,000 IPL runs.
India increased its purchases of Russian crude oil and U.S. natural gas in May, according to a report.
Electric two-wheeler sales jumped 42% in May to 1.49 lakh units, driven by concerns over rising fuel prices.
Vaibhav Suryavanshi became the fastest Indian batter to score 1,000 IPL runs.
India increased its purchases of Russian crude oil and U.S. natural gas in May, according to a report.
Electric two-wheeler sales jumped 42% in May to 1.49 lakh units, driven by concerns over rising fuel prices.
Morning Bulletin – 2 June 2026
by Wealth4U Capital
1️⃣ Anthropic Eyes Public Listing
AI company Anthropic has confidentially filed for a US initial public offering, moving ahead of rival OpenAI in the race to enter public markets. The company has not disclosed the size or terms of the offer, but its valuation has surged sharply after its latest funding round. The IPO could become one of the biggest market debuts in years and may test how much public investors are willing to pay for frontier AI companies.
2️⃣ Airtel Plan Gets Relief
India’s telecom regulator is likely to view Bharti Airtel’s priority postpaid 5G plans as compliant with net-neutrality rules. Trai is still monitoring the rollout, but its early view is that the plans do not appear to hurt prepaid users or discriminate based on content. Airtel has said the service uses 5G slicing only to give postpaid users a more dependable network during congestion.
3️⃣ Scotch Concession May Change
India may revise its tariff concessions on Scotch whisky under the India-UK trade agreement.
The move comes after the UK decided to cut tariff-free steel import quotas and impose higher duties on shipments above the limit. India had earlier agreed to reduce tariffs on Scotch whisky from 150 per cent to 75 per cent immediately, and then to 40 per cent over 10 years.
4️⃣ Alphabet Plans AI Fundraise
Alphabet is planning to raise $80 billion in equity to fund its artificial intelligence spending.
The company is trying to support its AI infrastructure push and growing demand for its in-house AI chips, called tensor processing units. The move shows how expensive the AI race has become, with even large technology companies looking for fresh capital to keep scaling.
Source: Reuters, Business Standard, Moneycontrol, Bloomberg
Disclaimer: This bulletin is for general information only and does not constitute investment, legal or tax advice.
by Wealth4U Capital
1️⃣ Anthropic Eyes Public Listing
AI company Anthropic has confidentially filed for a US initial public offering, moving ahead of rival OpenAI in the race to enter public markets. The company has not disclosed the size or terms of the offer, but its valuation has surged sharply after its latest funding round. The IPO could become one of the biggest market debuts in years and may test how much public investors are willing to pay for frontier AI companies.
2️⃣ Airtel Plan Gets Relief
India’s telecom regulator is likely to view Bharti Airtel’s priority postpaid 5G plans as compliant with net-neutrality rules. Trai is still monitoring the rollout, but its early view is that the plans do not appear to hurt prepaid users or discriminate based on content. Airtel has said the service uses 5G slicing only to give postpaid users a more dependable network during congestion.
3️⃣ Scotch Concession May Change
India may revise its tariff concessions on Scotch whisky under the India-UK trade agreement.
The move comes after the UK decided to cut tariff-free steel import quotas and impose higher duties on shipments above the limit. India had earlier agreed to reduce tariffs on Scotch whisky from 150 per cent to 75 per cent immediately, and then to 40 per cent over 10 years.
4️⃣ Alphabet Plans AI Fundraise
Alphabet is planning to raise $80 billion in equity to fund its artificial intelligence spending.
The company is trying to support its AI infrastructure push and growing demand for its in-house AI chips, called tensor processing units. The move shows how expensive the AI race has become, with even large technology companies looking for fresh capital to keep scaling.
Source: Reuters, Business Standard, Moneycontrol, Bloomberg
Disclaimer: This bulletin is for general information only and does not constitute investment, legal or tax advice.
Morning Bulletin – 3 June 2026
by Wealth4U Capital
1️⃣ _*Nifty Earnings Share Falls_*
Nifty 50 companies are contributing less to India Inc’s overall profits.
Their share in listed companies’ adjusted net profit fell to 47.1 per cent in Q4FY26, the lowest in at least 21 quarters. While broader corporate earnings grew 15.1 per cent, Nifty 50 firms managed only 4.5 per cent profit growth, mainly due to weak performance in BFSI, FMCG and IT services.
2️⃣ _*India Gets Mythos Access_*
Anthropic will give India access to Mythos, its powerful AI model used to find cyber security weaknesses. The model will be made available to 150 organisations across more than 15 countries under Project Glasswing. Anthropic had earlier limited access because Mythos is powerful enough to be risky if misused for hacking.
3️⃣ _*Zhang Overtakes Ambani*_
ByteDance founder Zhang Yiming has overtaken Mukesh Ambani to become Asia’s second-richest person. His net worth has climbed to $92.8 billion, helped by the rising valuation of ByteDance and the success of TikTok and its AI chatbot Doubao. Gautam Adani remains Asia’s richest person, while Ambani has moved to third place.
4️⃣ _*Fiscal Deficit May Rise_*
India’s fiscal deficit may rise to around 4.7 per cent of GDP in FY27, according to ICRA’s Aditi Nayar. The West Asia conflict has increased pressure on government finances through higher oil prices, fertiliser subsidies and possible tax shortfalls.However, higher gold and silver duties, along with the Economic Stabilisation Fund, may offer some cushion.
Source: Business Standard, Bloomberg, Financial Times
Disclaimer: This bulletin is for general information only and does not constitute investment, legal or tax
by Wealth4U Capital
1️⃣ _*Nifty Earnings Share Falls_*
Nifty 50 companies are contributing less to India Inc’s overall profits.
Their share in listed companies’ adjusted net profit fell to 47.1 per cent in Q4FY26, the lowest in at least 21 quarters. While broader corporate earnings grew 15.1 per cent, Nifty 50 firms managed only 4.5 per cent profit growth, mainly due to weak performance in BFSI, FMCG and IT services.
2️⃣ _*India Gets Mythos Access_*
Anthropic will give India access to Mythos, its powerful AI model used to find cyber security weaknesses. The model will be made available to 150 organisations across more than 15 countries under Project Glasswing. Anthropic had earlier limited access because Mythos is powerful enough to be risky if misused for hacking.
3️⃣ _*Zhang Overtakes Ambani*_
ByteDance founder Zhang Yiming has overtaken Mukesh Ambani to become Asia’s second-richest person. His net worth has climbed to $92.8 billion, helped by the rising valuation of ByteDance and the success of TikTok and its AI chatbot Doubao. Gautam Adani remains Asia’s richest person, while Ambani has moved to third place.
4️⃣ _*Fiscal Deficit May Rise_*
India’s fiscal deficit may rise to around 4.7 per cent of GDP in FY27, according to ICRA’s Aditi Nayar. The West Asia conflict has increased pressure on government finances through higher oil prices, fertiliser subsidies and possible tax shortfalls.However, higher gold and silver duties, along with the Economic Stabilisation Fund, may offer some cushion.
Source: Business Standard, Bloomberg, Financial Times
Disclaimer: This bulletin is for general information only and does not constitute investment, legal or tax