Business

Gold futures traded higher on Wednesday tracking firm global cues and sustained buying interest in commodity markets. The overall tone in bullion remained positive as investors positioned ahead of key macroeconomic signals and currency movements.On the Multi Commodity Exchange (MCX), gold contracts across near- and far-month expiries posted gains. The June contract was trading around…

The Middle East crisis is sending shockwaves far beyond the region, unsettling everything from oil markets to stocks and currencies. At a time when markets around the world are already volatile, Pakistan, which is already grappling with a fragile economy, is finding itself on the brink of an economic crisis. Concerns are rising around inflation,…

The company had postponed maintenance work at its 20 million tonnes-per-year Vadinar refinery in Gujarat. (AI image) Russia’s Rosneft-backed Nayara Energy is planning to halt operations for around 35 days starting early April, a move that could temporarily take nearly 8% of India’s refining capacity offline and tighten domestic fuel availability, according to people familiar…

The government on Wednesday dismissed reports suggesting a change in LPG refill booking timelines, stating that the information being shared is incorrect and misleading. The Centre reaffirmed that the existing timelines “remain unchanged and continue to” function under the current time limit.The ministry of petroleum & natural gas clarified that reports circulating on social media…

ONGC floated a tender for these rigs as it looks to accelerate hydrocarbon exploration under the government’s Samudra Manthan mission. (AI image) Oil and Natural Gas Corporation or ONGC is expected to spend about $18–20 billion on hiring deep-water drilling rigs for what could become its largest-ever oil exploration programme, according to people familiar with…

Amid rising concerns about fuel supply in the country, several oil giants have issued clarifications stating there is no shortage, calling such rumours “completely false” and assuring that supply remains normal and sufficient. The statements come at a time when global oil supplies are disrupted due to Iran’s chokehold of the Strait of Hormuz amid…

Gold recorded one of the sharpest weekly losses in recent years in the last week. (AI image) Gold price prediction today: Gold prices are likely to see movement based on inflation projections and rate cut expectations, says Maneesh Sharma, AVP – Commodities & Currencies at Anand Rathi Shares and Stock Brokers.Gold recorded one of the…

Rupee on Wednesday took another fall towards the 94 per US dollar mark, tumbling 20 paise in early trade to reach 93.96 against the greenback. This follows a weak run for the currency this month. Earlier on Tuesday, the currency had already slipped by 23 paise to settle at 93.76, pressured by a stronger US…

Spot gold, which had declined for nine consecutive sessions, is now stabilising at around USD 4,420 per ounce in international markets, supported by cautious optimism surrounding the Iran conflict, said Praveen Singh, Head of Commodities at Mirae Asset ShareKhan. He noted that US President Donald Trump had announced a five-day pause on strikes targeting energy…

Stock market today (AI image) Stock market today: Nifty50 and BSE Sensex continued their rally on Wednesday rising almost 1% in opening trade. While Nifty50 went above 23,100, BSE Sensex rose over 700 points. At 9:16 AM, Nifty50 was trading at 23,126.65, up 214 points or 0.94%. BSE Sensex was at 74,775.22, up 707 points…