Nasdaq hits record as weak US jobs data cools rate-hike bets
- Nasdaq Composite hit a record high after disappointing US jobs data
- Lower Treasury yields and oil prices accompanied the rise; Nike shares fell on its forecast
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Topic
Crude oil▼ −17% net tone today
- Trump said the US-South Korea deal includes $8.4 billion for oil recovery
- US stock futures rose as oil eased ahead of the jobs report
- Oil prices dipped as traders weighed US-Iran tensions against supply recovery
Stories per day
2027 Sept
13628 Sept
10629 Sept
8930 Sept
841 Oct
582 Oct
103 Oct
Data▼
Forex reserves post record $18.34 billion weekly fall as RBI supports rupee
- Reserves fell $18.34 billion to $747.56 billion, the biggest weekly decline on record
- Moneycontrol reports reserves at $757.46 billion; other reports give $747.56 billion
- Rupee pressure and reserve drawdown matter for banks, importers and oil companies
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G7 to release 100 million barrels of oil reserves through IEA
- The co-ordinated release includes frontloaded diesel supplies to stabilise global energy markets
- Lower crude and diesel prices could ease costs for Indian refiners and fuel retailers
G7 agrees to release 100 million barrels of oil and diesel from emergency reserves
- G7 countries agreed to release 100 million barrels of diesel and crude oil
- The release will come from emergency reserves
- More oil supply could ease fuel costs for Indian refiners and oil marketing companies
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US-Iran war news LIVE: Two oil tankers attacked in Strait of Hormuz by 'unidentified projectiles,' says UKMTO
- UKMTO said two oil tankers were struck by unidentified projectiles in the Strait of Hormuz
- The agency made the statement on Friday, local time
- Higher crude-price risk could pressure Indian oil-marketing companies and benefit upstream producers
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5 Indians rescued after Kuwait-flagged tanker hit by projectile in Hormuz
- Five Indian nationals were rescued from tanker MT Kazimah III after it was struck by a projectile
- The Indian Embassy in Oman coordinated the rescue
- Hormuz shipping risks matter to Indian oil importers and shipping companies
Oil shock bypasses petrol pumps, hits Indian businesses through raw-material costs
- Oil shock is hitting Indian businesses through higher industrial raw-material costs, not petrol pumps
- Rising input costs pressure margins at Indian manufacturers and consumer-goods companies
Europe agrees to release diesel stockpiles, sending oil prices down more than 4%
- European leaders agreed to release some diesel stockpiles on Friday
- Oil prices fell by more than 4%
- Lower oil prices can ease input costs for Indian fuel retailers, refiners and transport companies
In Graphics: How the cost of Iran war piled up
- India paid more for crude oil despite importing less as prices rose
- Higher import costs can pressure Indian oil marketing companies
Trump says South Korea deal includes an $8.4 billion oil project
- The project will fund enhanced oil recovery
- It adds to a broader US-South Korea investment package
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Hackers accessed an oil supertanker’s propulsion system near Texas
- Investigators found evidence hackers accessed the propulsion system as the tanker approached Texas
Nasdaq Leads Stocks Higher as Hiring Softens
- Nasdaq led stocks higher as hiring softened
- Bond yields turned higher and oil fell as the G-7 agreed to release diesel and crude
- Lower crude prices can ease costs for Indian oil-marketers, airlines and other fuel-intensive sectors
Data▼
India's crude imports hit 2026 high in September as Gulf supplies surge despite Hormuz risks
- Crude imports rose to a 2026 high of 5.26 million barrels per day in September
- Gulf supplies surged despite Strait of Hormuz risks
- Higher crude imports expose Indian refiners and fuel retailers to oil-price and currency swings
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Oil falls $2 as Europe agrees to release diesel reserves after Trump push
- Brent fell 1.76% to $100.50 a barrel after Europe agreed to release additional diesel stockpiles
- WTI dropped 2.18% to $90.85
- Lower crude prices can ease costs for Indian oil-marketing companies and fuel-intensive sectors
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Oman Had Previously Banned the FlyDubai Attacker From Flying
- Oman had previously banned the FlyDubai attacker from flying
- The G-7 agreed to release 100 million barrels of diesel and crude oil
China fuel export suspension to choke supplies in Asia
- China's oil-product export restrictions have affected importers in Southeast Asia and Australia
- Singapore has seen a significant drop in supplies
- Tighter regional fuel supply could lift costs for Indian oil refiners and fuel consumers
Trump plays with a critical lifeline that keeps global economy going
- A potential US diesel export ban could remove about 1.2 million barrels a day from global supply
- Tighter fuel markets could raise costs for Indian refiners and transport companies
Market crash wipes out Rs 26 lakh cr in 8 weeks! Why soaring bond yields may hurt Sensex, Nifty more than elevated oil prices
- Sensex and Nifty have fallen for eight straight weeks, wiping out more than Rs 26 lakh crore in market capitalisation
- Rising yields and oil pressure Indian equities, with exposure across rate- and fuel-sensitive sectors
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UN warns fuel subsidies could exceed $1 trillion as Iran war raises energy costs
- UNDP said subsidies could top $1 trillion in 2026
- Governments have used price caps, subsidies and tax rebates as oil prices climbed
- Higher crude costs pressure Indian fuel retailers and government finances
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If Trump imposes tariffs, will buying crude from Russia make economic sense for India?
- Russia's share of India's crude imports was below 2% before the war with Ukraine
- Russian crude purchasing economics matter to Indian refiners and their margins
High Government Debt Is Adding Fuel to the Global Bond-Market Selloff
- Oil prices are pushing rates higher, while high government debt adds risk to the global bond selloff
- Higher global yields may pressure Indian government bonds and rate-sensitive stocks
World shares mixed after global bond sell-off deepens, ahead of U.S. jobs data
- Oil prices declined as the U.S. sent another aircraft carrier and more troops to West Asia
- Global shares were mixed ahead of U.S. jobs data, as a global bond sell-off deepened
- Lower crude prices may ease input costs for Indian fuel retailers and other oil-consuming sectors
Wall Street Set To Open In Green? Slipping Oil Among Three Reasons Fueling US Stock Futures
- US stock futures rose, with cooling oil prices among the global cues
- The report said the cues could indicate a positive Wall Street opening
- Lower crude prices can ease costs for Indian oil importers and support broader equities
Oil Prices Fall as Middle East Crude Exports Recover But Shipping Risks Remain
- Oil prices fell as Middle East crude exports recovered
- Traders also weighed renewed shipping risks and a larger U.S. military buildup
- Lower crude prices can ease costs for Indian refiners, while shipping risks threaten supply routes
Buy ONGC, Sell Oil India| Kotak raises FY27 oil price assumption to $90
- Kotak maintains a BUY on ONGC at a fair value of ₹355 and a SELL on Oil India at ₹360
- Kotak raised its FY27 oil price assumption to $90
- Kotak’s calls diverge: positive for ONGC, negative for Oil India
Oil prices extend losses after reports of potential European diesel, crude stock release
- Oil prices extended losses after reports of a potential release of European diesel and crude stocks
- EU nations were discussing a proposal to release diesel reserves after pressure from the Trump administration
- Lower crude prices may ease input costs for Indian oil marketers and reduce pressure on refiners
US wants European allies to do this 'immediately' to lower diesel prices
- The US urged European allies to release strategic diesel reserves immediately
- Global fuel prices are surging amid supply disruptions linked to the Iran war
- Higher global fuel prices can pressure Indian oil marketing companies
Hormuz crude flows return to pre-war levels, yet oil may still stay at $90–$100 | Here's why
- Hormuz crude shipments averaged 13.5 million barrels per day over seven days, back to pre-war levels
- Oil may still stay at $90–$100, the report said
- Persistently high crude prices could pressure Indian refiners and fuel retailers
Asian shares fall as US jobs data looms after Treasury yield hits 24-year high
- Asian shares fell ahead of US jobs data, with Treasury yields swinging and the dollar gaining
- Oil prices stayed elevated amid a widening military buildup
- Higher yields and elevated crude may pressure Indian equities and raise costs for oil-sensitive sectors
Vedanta plans $200 million push to lift Rajasthan oil output
- Vedanta plans to invest approximately $200 million in Rajasthan to lift crude output from existing wells
- Higher domestic crude output could benefit Vedanta and support Indian oil and gas production
ICICI Pru AMC’s S Naren on contrarian investing, AI risks and navigating a volatile market
- S Naren discusses oil, US rates and AI risks
- He says contrarian investing can extend beyond value stocks
- Views on small-cap valuations may inform Indian investors’ allocation to small and midcap stocks