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World

Tankers burning in Hormuz and drones over Mecca: Brent at $117.7 is India's problem too

Iran said four tankers caught fire after hitting mines in the Strait of Hormuz, a day after the US military said key routes had been cleared, while Yemen's Houthis claimed six attacks on Saudi airports and oil facilities. Brent crude rose 2.3% to $117.7 in Asian trade, its highest intraday level since April 30. India imports most of its crude.

· 2 weeks ago
BusinessMaharashtra

Trent and Infosys lift the Sensex 308 points, but small-cap investors get no such relief

The Sensex closed 308.49 points, or 0.42%, up at 74,459.53 and the Nifty gained 116.35 points, or 0.51%, to end at 23,053.10 on Friday, the second straight session of gains. Trent rose 5.20% after a 25% jump in September-quarter profit. The Nifty Smallcap 100 fell 1.85% and Brent crude closed above $117 a barrel.

· 2 weeks ago
BusinessMaharashtra

Market claws back 1,000 points from the morning's fall, but the rupee slips for a third session

The Sensex closed 482.92 points higher at 73,606.75 and the Nifty at 22,753.20 on Monday, snapping a four-session losing streak after both indices fell sharply in early trade. The rupee, though, slipped 25 paise to close at 95.19 against the dollar, its third straight fall, as Brent crude held near $115 a barrel.

· 2 weeks ago
Sensex slides over 450 points as Brent tops $113, IT stocks buck the selloff
BusinessMaharashtra

Sensex slides over 450 points as Brent tops $113, IT stocks buck the selloff

Rising crude prices weighed on Indian shares on Friday, with the Sensex down more than 450 points and the Nifty slipping below 22,500 as Brent crude topped $113 a barrel. IT stocks gained even as metals, realty and broader markets fell. Swiggy hit a record low.

· 3 weeks ago
BusinessMaharashtra

Sensex slides 458 points as crude tops $110, 403 stocks hit 52-week lows

Equity benchmarks Sensex and Nifty fell for a third straight session on Thursday, with the Sensex down 458.05 points at 73,251.64 and the Nifty at 22,641.70. Brent crude rose to about $110.68 a barrel and the rupee slipped to 94.50. As many as 403 stocks hit 52-week lows.

· 3 weeks ago
NationalDelhi

Tanker with 21 Indian seafarers hit in Strait of Hormuz, all safe

A Kuwait-flagged tanker with 21 Indian seafarers was struck by an unknown projectile in the Strait of Hormuz. All are safe, the shipping minister said. An Indian was injured in an attack on a Saudi oilfield.

· 3 weeks ago
Sensex slips 143 points, Nifty ends at 22,811 as bank stocks drag and IT shines
BusinessMaharashtra

Sensex slips 143 points, Nifty ends at 22,811 as bank stocks drag and IT shines

Benchmarks ended lower on Wednesday after giving up a strong opening. The Sensex fell 143 points to 73,710 and the Nifty 78 points to 22,811, with banks and financials dragging. The midcap index fell nearly 2 per cent. IT was the lone bright spot, with the Nifty IT index up 2.21 per cent.

· 3 weeks ago