Indian stock markets settled in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.
If crude oil prices sustain above USD 100 per barrel in FY27, the Central government's annual additional expenditure could rise by Rs 3.6 lakh crore, according to a report by Elara Securities.
Indian stock markets opened in the red on Thursday as escalating tensions in West Asia and again a sharp rise in crude oil prices weighed on investor sentiment.
Paint prices in India could increase by 2 to 5 per cent in April if crude oil prices continue to remain at current high levels, according to a report by Systematix Research.
The domestic stock markets opened with modest gains on Wednesday as easing crude oil prices supported investor sentiment, even as geopolitical tensions in the Middle East continued to remain in focus.
The Aam Aadmi Party (AAP) MP has said that the ongoing conflict "poses serious risks" for India's trade, economy and energy security, as crude prices shot up due to uncertainty in maintaining safety over global shipping routes.
The escalating conflict in West Asia and disruption of flows through the Strait of Hormuz could have significant implications for India and the global economy, potentially pushing crude oil prices higher and adding to inflationary pressures, according to Anindya Banerjee, Head of Commodity a
The share markets in the country opened with a bloodbath on Monday as both benchmark indices declined sharply in the opening session amid a huge surge in crude oil prices and heavy selling across global markets.
Asian markets tanked in the opening session on Monday, with Japan's Nikkei and South Korea's KOSPI falling around 7 per cent, after crude oil prices surged sharply amid escalating geopolitical tensions in West Asia.
Global crude oil prices could climb to around USD 120 per barrel if the conflict in West Asia continues for a prolonged period, said Manoranjan Sharma, Chief Economist at Infomerics Ratings, warning that an extended geopolitical crisis could significantly disrupt global economic calculations
Crude oil prices shot up sharply, reportedly after the US President Donald Trump sought what he called "unconditional surrender" from Iran, intensifying worries about a prolonged conflict that could disrupt global energy supplies.