Selective IT services companies with strong digital portfolios, diversified clients, and disciplined cost structures could indeed present a contrarian opportunity, he said.
Analysts have revised their forecasts for oil & gas prices for the remaining part of 2026 as developments in West Asia continue to unfold.
Nayara Energy has raised petrol and diesel prices amid crude supply disruptions, becoming the first company to hike non-branded fuel rates in India
Brent futures rose $1.13, or 1.1 per cent, to $103.35 a barrel by 0051 GMT, while US West Texas Intermediate crude futures were up $1.08, or 1.2 per cent, at $91.40 a barrel
Indian equities advance for a second session as oil prices soften, but geopolitical uncertainty and supply disruptions continue to limit upside
Weaponising trade chokepoints has fragmented global markets like crude oil, leading to sharp regional price variations
In the past two trading sessions, the Sensex has surged more than 2,500 points, or nearly 3.5 per cent on a closing basis. Similarly, the Nifty 50 index has added nearly 800 points, or 3.5 per cent
The Telangana government on Wednesday debunked claims of a fuel shortage and advised the public to ignore the rumours that have triggered panic buying across the state. As motorists began rushing to fuel stations in Hyderabad amid rumours of shortage since Tuesday evening, the Telangana Petroleum Dealers Association reassured the public that there is adequate stock available with HPCL, IOCL and BPCL, and the supply chains are functioning normally. To address the situation, Telangana Chief Minister A Revanth Reddy will hold a review meeting here on Wednesday with officials on petrol, LPG cylinders and urea stocks, an official release said. After many fuel stations were overcrowded across Hyderabad, motorists were advised not to store fuel in large containers unnecessarily. "As many as 1,500 petrol, diesel tankers were dispatched to fuel stations on Tuesday alone. Around 20,000 kilo liters of petrol is available," Civil Supplies Department Commissioner M Stephen Raveendra said in a .
Mohammed Imran, research analyst at Mirae Asset Sharekhan, maintains the Q2 2026 Brent target of $110/bbl and WTI at $100
Crude prices stayed near $100 per barrel amid ongoing West Asia tensions, while India denied reports of paying Iran for tanker passage through the Strait of Hormuz
Stock gauges in energy import-dependent markets such as India and Europe have dropped over 9 per cent since the Iran war started, more than double the decline in the US
Sachin Gupta, research analyst at Choice Broking recommends accumulating Hindustan Zinc, Coal India and EID Parry on dips for a potential upside bounce as per technical charts.
However, in the calendar year 2026 so far, paint stocks have underperformed the market, falling up to 38 per cent due to poor operational performance and rising crude oil prices.
Analysts believe a lot now depends on what Trump does after the 5-day ceasefire and how crude oil prices, bond yields play out.
Despite global headwinds, consumption trends held up, banking and household financial activity remained steady
Rupee hits fresh low, nears $94 a $
Prices gradually pared some losses after the steep initial slide after Iran's Tasnim news agency reported that no talks were under way between the US and Iran
Crude oil prices rose sharply by Rs 359 to Rs 9,617 per barrel on Monday, marking their fourth straight session of gains in futures trade amid escalating geopolitical tensions in West Asia and supply concerns. On the Multi Commodity Exchange, crude oil for the April contract climbed Rs 359, or nearly 4 per cent, to Rs 9,617 per barrel. The May-delivery increased by Rs 436, or nearly 5 per cent, to hit a lifetime high of Rs 9,407 per barrel on the commodities bourse. Analysts said crude oil prices rallied in domestic and international markets as investors assessed the impact of rising tensions around the Strait of Hormuz, a key oil transit route. In the international market, West Texas Intermediate (WTI) crude for the May contract gained USD 3.27, or 3.33 per cent, to USD 101.50 per barrel, while Brent Crude for the same month delivery rose USD 2.89, or 2.72 per cent, to USD 109.30 per barrel in New York. According to analysts, market sentiment remained firm after US President Dona
Indian benchmark bond yield rose to a 14-month high on Monday, possibly due to surge in Brent crude oil prices amid escalating conflict in the Middle east. The 10-year government bond yield was trading at 6.8173 per cent around 11 am on Monday, as compared to Friday's close of 6.737 per cent. The yield is highest since January 14, 2025, according to the data compiled from market participants. "Bond yields are rising in response to crude oil prices climbing above USD 110 amid escalating tensions between the US-Israel and Iran. Foreign institutional investors who were net buyers of government bonds in January and February, have also turned net sellers in March," said Mataprasad Pandey, vice-president at Arete Capital (Choice Group). He added that higher crude prices are not only fuelling inflation concerns but also putting pressure on India's trade and current account balances, which is a big negative for the already depreciating rupee moving towards 94. "These factors not only dampe
Brent is expected to average $85 a barrel in 2026, up from an earlier forecast of $77, analysts including Daan Struyven said in a note