#MCPro: With global #growth picking up and supplies constrained not just by OPEC+ but also from the US, $70 could well be the new normal for #crude oil prices.
https://www.moneycontrol.com/news/opinion/oil-at-70-could-be-the-new-normal-6626921.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/opinion/oil-at-70-could-be-the-new-normal-6626921.html?utm_source=telegram&utm_medium=social
Moneycontrol
Oil At $70 Could Be The New Normal
The market’s belief that oil prices above $60 a barrel would cause an increase in production by shale oil producers does not seem to be working
#Oil prices slid more than 1% today on concerns that a global supply surplus could swell in #Q1 following a coordinated release of #crude reserves among major consumers, led by the #US.
https://www.moneycontrol.com/news/business/markets/oil-skids-on-concerns-of-rising-surplus-in-q1-7763351.html?utm_source=telegram&utm_medium=social
https://www.moneycontrol.com/news/business/markets/oil-skids-on-concerns-of-rising-surplus-in-q1-7763351.html?utm_source=telegram&utm_medium=social
Moneycontrol
Oil Skids On Concerns Of Rising Surplus In Q1
Brent crude futures extended declines for a third session, falling 96 cents, or 1.2%, to $81.26 a barrel by 0130 GMT. U.S. West Texas Intermediate (WTI) crude was down $1.35, or 1.7%, at $77.04 a barrel. There was no settlement for WTI on Thursday because…
The global #stock #markets were witness to a lot of volatility in January, due to the strict stance adopted by the US Federal Reserve regarding interest rate hikes, ever-increasing #inflation and the rise in #crude oil prices.
Read more 👇
https://www.moneycontrol.com/news/business/markets/these-21-stocks-from-top-5-pmses-outperformed-nifty-in-january-worth-a-look-8112971.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/markets/these-21-stocks-from-top-5-pmses-outperformed-nifty-in-january-worth-a-look-8112971.html?utm_source=telegram&utm_medium=social
#TakingStock | The Indian benchmark indices closed lower for the 5th straight session today as escalating #RussiaUkraineCrisis pushed up #crude prices, stoking fears of #inflation.
A look at the final tally on the D-Street:
https://www.moneycontrol.com/news/business/markets/taking-stock-market-ends-lower-for-the-fifth-day-on-worsening-russia-ukraine-crisis-8148741.html?utm_source=telegram&utm_medium=social
A look at the final tally on the D-Street:
https://www.moneycontrol.com/news/business/markets/taking-stock-market-ends-lower-for-the-fifth-day-on-worsening-russia-ukraine-crisis-8148741.html?utm_source=telegram&utm_medium=social
Moneycontrol
Taking Stock | Market ends lower for the fifth day on worsening Russia-Ukraine crisis
More than 150 stocks, including Ujjivan Financial Services, V-Guard Industries, MRF, Jyothy Labs, Alembic and Apollo Tyres sank to a 52-week low.
#TakingStock: Indian equity #markets were battered again today, as a worsening #Ukraine crisis, rising #crude prices, which are stoking #inflation worries, and weak #GDP numbers weighed on #investors.
Read more 👇
https://www.moneycontrol.com/news/business/markets/taking-stock-worsening-ukraine-war-hits-indian-market-hard-sensex-and-nifty-down-1-8184581.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/markets/taking-stock-worsening-ukraine-war-hits-indian-market-hard-sensex-and-nifty-down-1-8184581.html?utm_source=telegram&utm_medium=social
Moneycontrol
Taking Stock: Worsening Ukraine war hits Indian market hard, Sensex and Nifty down 1%
Volatility is expected in the near term, with surging crude price, state election outcome and the Fed policy status weighing on investor sentiment
#Commodities—from #crude, #nickel, #aluminum to wheat—have seen their highest weekly surge since 1974, as the #RussiaUkraineWar, which entered its 10th day, roils global markets and fuels fears of supply disruptions.
Read:
https://www.moneycontrol.com/news/business/commodities/russia-ukraine-war-commodities-see-biggest-weekly-surge-in-almost-50-years-8196841.html?utm_source=telegram&utm_medium=social
Read:
https://www.moneycontrol.com/news/business/commodities/russia-ukraine-war-commodities-see-biggest-weekly-surge-in-almost-50-years-8196841.html?utm_source=telegram&utm_medium=social
Moneycontrol
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The meeting, held under the chairmanship of RBI Guv Shaktikanta Das, comes at a time when the surging #crude #oil prices has sent jitters across several oil-importing economies across the world.
Read more 👇
https://www.moneycontrol.com/news/business/economy/rbi-central-board-meets-to-review-current-economic-situation-global-geopolitical-crises-8274981.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/economy/rbi-central-board-meets-to-review-current-economic-situation-global-geopolitical-crises-8274981.html?utm_source=telegram&utm_medium=social
Moneycontrol
RBI central board meets to review current economic situation, global geopolitical crises
The meeting, held under the chairmanship of RBI Governor Shaktikanta Das, comes at a time when the surging crude oil prices has sent jitters across several oil-importing economies across the world.
#EarningsWithMC: Shares of ITC have outperformed those of Hindustan Unilever so far this year amid margin pressure for the #FMCG company due to hardening #crude oil prices.
Read more 👇
https://www.moneycontrol.com/news/business/earnings/hindustan-unilever-underperforms-itc-on-fears-of-slowdown-rising-input-prices-will-hurt-earnings-8328521.html?utm_source=telegram&utm_medium=social
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https://www.moneycontrol.com/news/business/earnings/hindustan-unilever-underperforms-itc-on-fears-of-slowdown-rising-input-prices-will-hurt-earnings-8328521.html?utm_source=telegram&utm_medium=social
Moneycontrol
Hindustan Unilever underperforms ITC on fears of slowdown, rising input prices will hurt earnings
ITC has surged over 20% so far in 2022, while Hindustan Unilever has dropped 8%. Analysts say a slowdown in rural consumption and higher raw material prices will affect the consumer goods company’s profitability.
The Indian govt has already imported #crude oil from #Russia at discounted rates and is looking to further diversify its #petroleum basket.
Read about it 👇
https://www.moneycontrol.com/news/business/economy/govt-exploring-all-options-to-procure-crude-oil-at-affordable-rates-says-finmin-8330161.html?utm_source=telegram&utm_medium=social
Read about it 👇
https://www.moneycontrol.com/news/business/economy/govt-exploring-all-options-to-procure-crude-oil-at-affordable-rates-says-finmin-8330161.html?utm_source=telegram&utm_medium=social
Moneycontrol
Govt exploring all options to procure crude oil at affordable rates, says FinMin
The Indian government has already imported crude oil from Russia at discounted rates and is looking to further diversify its petroleum basket.
#MCExclusive ⚡️ Effective #import duties on #crude edible oil imports may be reduced further with cuts in two cesses that are levied on incoming shipments, people aware of the matter said.
Read about it 👇
https://www.moneycontrol.com/news/business/economy/exclusive-govt-plans-to-cut-effective-import-duties-on-crude-edible-oils-further-8364731.html?utm_source=telegram&utm_medium=social
Read about it 👇
https://www.moneycontrol.com/news/business/economy/exclusive-govt-plans-to-cut-effective-import-duties-on-crude-edible-oils-further-8364731.html?utm_source=telegram&utm_medium=social
Moneycontrol
Exclusive | Government may cut effective import duties on crude edible oils further
The government is prepared to support custom duty cuts on crude edible oil imports beyond the initial deadline of September 2022. Russia’s invasion of Ukraine has shut down sunflower oil imports from both countries. Palm oil shipments from Indonesia and Malaysia…
India's #crude #oil production during March stood at 2526.11 TMT, 12.49% lower than the targeted 2886.55 TMT, the Ministry of #Petroleum and Natural Gas said.
Read the details 👇
https://www.moneycontrol.com/news/business/commodities/march-crude-oil-production-at-2526-11-tmt-12-49-lower-than-target-8385201.html?utm_source=telegram&utm_medium=social
Read the details 👇
https://www.moneycontrol.com/news/business/commodities/march-crude-oil-production-at-2526-11-tmt-12-49-lower-than-target-8385201.html?utm_source=telegram&utm_medium=social
Moneycontrol
March crude oil production at 2526.11 TMT, 12.49% lower than target
As per the report, crude oil production failed to meet target while also lower in terms of year-on-year (YoY) data for the period. Natural gas production was higher in YoY terms, but still lower than the monthly target.
#SaudiAramco overtook #Apple as the world’s most valuable company, stoked by a surge in #oilprices that is buoying the #crude producer while adding to an #inflation surge throttling demand for technology stocks.
Read: https://www.moneycontrol.com/news/world/saudi-aramco-becomes-worlds-most-valuable-stock-as-apple-drops-8492801.html
Read: https://www.moneycontrol.com/news/world/saudi-aramco-becomes-worlds-most-valuable-stock-as-apple-drops-8492801.html
A day after #RBI announced a raft of measures to improve foreign flows into the country, the rupee rebounded a bit; but it appears that it was triggered more by the sharp fall in the prices of #commodities, especially #crude.
Read at 👇🏻
https://bit.ly/3yl1wCZ
Read at 👇🏻
https://bit.ly/3yl1wCZ
Moneycontrol
Rupee rebounds on crude fall than RBI steps; dealers expect continued gradual depreciation
A majority of economists believe the widening current account deficit will see the rupee depreciating gradually.
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On #MorningTrade 🔥
👉 #Nifty below 17000; levels to watch: Support seen at 16,937
👉 Metals shine in a weak market; time to buy?
👉 #Crude comfort for paint stocks, should you buy?
🔴 Live @ 8.30 AM
https://www.youtube.com/watch?v=mjVtxOHEfLQ
👉 #Nifty below 17000; levels to watch: Support seen at 16,937
👉 Metals shine in a weak market; time to buy?
👉 #Crude comfort for paint stocks, should you buy?
🔴 Live @ 8.30 AM
https://www.youtube.com/watch?v=mjVtxOHEfLQ
#MarketsWithMC | The market is likely to open gap-down today as war in West Asia fuels a surge in #crude oil prices and prompts a flight to safety from volatile global equities.
Read More 👇
https://www.moneycontrol.com/news/business/markets/markets-may-open-in-red-as-israel-hamas-war-intensifies-but-recover-later-11499311.html/amp
Read More 👇
https://www.moneycontrol.com/news/business/markets/markets-may-open-in-red-as-israel-hamas-war-intensifies-but-recover-later-11499311.html/amp
Moneycontrol
Markets may open in red as Israel-Hamas war intensifies, but recover later
Crude oil prices jumped 3-4 percent in the early morning trade, with Brent crude shooting past $87.4 a barrel and WTI crossing the $85.7 mark