Markets retreat as Iran war worries, inflation fears weigh on markets

Asian markets mostly declined on Friday as investor optimism around artificial intelligence stocks faded amid rising concerns over inflation, elevated oil prices and uncertainty surrounding the Iran war.Japan’s Nikkei 225 fell 1.2% to 61,880.04, while South Korea’s Kospi dropped 3.2% to 7,727.34 after briefly crossing the 8,000 mark for the first time.The sharp reversal came…

Read Full News

Stock Market Highlights: BSE Sensex ends 790 points up, NSE Nifty50 above 23,650; crude oil prices still elevated, Trump-Xi meeting in focus

“Indian equity markets are expected to open on a positive note, with Gift Nifty trading at 23,545, up by 125 points. Global equities advanced following a largely upbeat session on Wall Street, as investors overlooked elevated PPI data and continued buying in technology and communication stocks. Market participants are also closely watching developments around the…

Read Full News

Gold, silver price prediction: After duty hike to 15%, will gold head to Rs 1.70 lakh/10 grams & silver hit Rs 3.4 lakh/kg? Check outlook

MCX Gold is holding a bullish tone on the weekly chart, bouncing from recent lows and pushing back toward the recent swing high. (AI image) Gold and silver price prediction today: According to Abhilash Koikkara, Head – Forex & Commodities, Nuvama Professional Clients Group, both gold and silver prices are exhibiting a bullish bias this…

Read Full News

Crude Oil Prices India: West Asia crisis: India’s wholesale inflation jumps to 8.3% in April as fuel, crude oil prices surge

India’s wholesale price inflation accelerated sharply to 8.30 per cent in April from 3.88 per cent in March, driven mainly by a steep rise in fuel, power and crude oil prices amid the ongoing West Asia crisis, according to government data released on Wednesday.Data released by the ministry of commerce and industry showed that inflation…

Read Full News

India’s financial conditions remain tight amid oil shock, rupee weakness and FPI outflows: Crisil

India’s financial conditions remained under pressure in April as elevated crude oil prices, continued foreign investor outflows and a weakening rupee tightened stress across markets amid the ongoing Middle East conflict, according to a Crisil report.The Crisil Financial Conditions Index (FCI) stood at -1.2 in April compared with -1.4 in March. The report noted that…

Read Full News