Market move▼ Bearish for Indian equities
Stocks Up, Yields Up
The brief
- Stocks and yields rose; Brent crude neared $100
- A deal shook up logistics
- Higher crude prices could pressure Indian oil marketing companies and raise import costs
- More Qatari LNG cargoes transit Strait of Hormuz despite ongoing risks
- $100/barrel crude on screen, $145/barrel in physical market: Kotak Securities sees two prices
- SCI to help India achieve ambition of becoming top shipping nation: Sonowal
- Oil was pouring through the Strait of Hormuz again. Then attacks on shipping resurged.
- West Asia crude exports exceed pre-war levels despite rising tanker attacks