Thu, Nov 28, 2024
The Finance Ministry would review the efficacy of windfall tax on the export of petrol, diesel and Aviation Turbine Fuel (ATF) as global crude oil prices have stabilised, sources said. Phenomenal profits made by some oil refiners on exporting fuel at the expense of domestic supplies had prompted the government to introduce an export tax on petrol, diesel and ATF in July 2022.
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Fri, Oct 04, 2024
India is bound to be impacted by the spillover impact of global developments, a central government official has said.
Tue, Oct 01, 2024
Brent crude slipped below $70, Brent crude fell by about 2.5%
Thu, Feb 16, 2023
Will Crude oil be bullish or bearish ahead? What is the opinion of brokerages on crude oil? Know OPEC's estimate & outlook from Neha Anand.
Wed, Feb 15, 2023
What is the matter of concern in rising inflation? Will interest rates rise again in June? Where is the price of Brent crude expected to reach in the coming days? Know what is the opinion of Ajay Bagga, Chairman, Elyments Platforms on the US inflation data.
Today the prices of Gold, Silver, Crude and Base Metals declined on a firmer dollar. Dollar index reached near 103.5. Gold futures on MCX was trading down by Rs 600 to Rs 56,200. Whereas on MCX, Silver was trading down by Rs 1,000 to Rs 65,300. Apart from this, crude oil fell below Rs 6,500 on MCX. There was a record turnover of Rs 88,309 crores in Crude oil on 14 February.
Leading stock exchange NSE on Wednesday said it has entered into a data licensing agreement with derivatives marketplace CME Group for WTI crude oil and natural gas contracts. Watch this video for more details.
Why crude oil started raising concerns? Will rising energy prices cause Global inflation? What should the government do to bring down inflation? Know from Anil Singhvi.
Fri, Feb 10, 2023
The price of Brent crude rose on the news of the output cut from Russia, the world's second-largest oil exporter after Saudi Arabia, increasing by more than 2.5 per cent on the day to $86.6 per barrel.
Mon, Feb 06, 2023
From a market share of less than 1 per cent in India's import basket before the start of the Russia-Ukraine conflict, Russia's share of India's imports rose to 1.27 million barrels per day in January, taking a 28 per cent share, according to energy cargo tracker Vortexa.
Sat, Feb 04, 2023
Market Next Week: Analysts also expect that the trigger such as the rupee, crude oil, and bullion movement may also impact the equity markets in the next week between February 6-10, 2023.
Windfall gain tax on crude oil has been increased from Rs 1900/tonne to Rs 5050/tonne. On ATF, it has almost doubled from Rs 3.5/Litre to Rs 6/Litre, the government said in a notification.
Wed, Feb 01, 2023
US Fed’s FOMC Outcome: While a 25bps interest rate hike is expected, Fed Chair Jerome Powell’s commentary on inflation, US GDP and hint on the point of pivot will dictate how US stock market trade on Wednesday; Indian markets to take cues from their US peers
Mon, Jan 23, 2023
Anil Singhvi Strategy on Nifty and Bank Nifty: Managing Editor Anil Singhvi said that Nifty50 has support at 18,000-18,025 while resistance is seen at 18,175-18,250. As for Bank Nifty, support is seen at 42,500-42,700 while resistance is seen at 43,150-43,250
Wed, Jan 18, 2023
Singapore-based SGX Nifty futures, an early indicator of movement in Nifty50 were trading at 18,253, up 31 points or 0.17 per cent at the time of filing this story. Dow Futures were trading at 33,951.80, up 40.90 points or 0.12 per cent
Mon, Jan 16, 2023
What happened in the US market last week? How strong is the US market? What are the positives in global signals? Why crude oil is up again? Know from Anil Singhvi.
Fri, Jan 13, 2023
How were the India's inflation data? How positive is the retail inflation rate? Why is it important to get confidence from the RBI governor? Why is crude oil important for Indian markets to stay below $80? Know from Anil Singhvi.
Thu, Jan 12, 2023
Will Crude oil be bullish or bearish ahead? How much crude will rise? Will crude bounce or slip? Watch the bullish and bearish triggers from Varun and Neha.
Tue, Jan 10, 2023
Why did Dow drop yesterday? Why there was profit booking in the market yesterday? How will be the market today? How are the cues from the dollar index, crude oil and bond market? Know from Anil Singhvi.
Thu, Jan 05, 2023
Will oil and gas prices fall? How will the commodities be affected? What happened in US Fed minutes meeting? When will interest rates hike? Are there more jobs in the US? Know from Ajay Bagga, Chairman of Elyments Platforms.
Government reduced ATF prices due to fall in crude oil. Airline's operating cost will decrease. ATF prices is at its lowest level since March. Watch this interesting video with Kushal Gupta.
The price of oil and gas has dropped. Oil and gas is under pressure for 2 consecutive days. Is oil demand declining in China? Why did gas prices fall by 30% in Europe in a year? Know full details from Neha Anand.
Crude Oil Price: Singhvi said that the Organisation of the Petroleum Exporting Countries (OPEC) had tried controlling the supply to hike Crude Oil prices but that did not work. He said that the price did not cross $100 barrel.
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