Amidst ongoing Middle East energy disruption, the government has announced a complete customs duty exemption on critical petrochemical products until June 30. This temporary measure aims to alleviate supply chain challenges, reduce cost pressures on downstream industries, and ensure the continued availability of essential inputs for various manufacturing sectors.
Hopes for peace in West Asia fueled a global market rally that extended to India, with the Sensex surging 1,187 points to 73,134. The rally was further supported by a strengthening rupee and softening crude oil prices, despite continued foreign fund outflows. Investors anticipate further gains if no negative news emerges overnight.
Top stock market recommendations: Grindwell Norton, Adani Power, and KSB are stocks that Aakash K Hindocha, Deputy Vice President – WM Research of Nuvama Professional Clients Group recommends. He shares target levels as well as his outlook on Nifty and Bank Nifty:
Bharti Airtel is boosting its data centre investments, while Jubilant Foodworks exits Dunkin’ to focus on Domino’s. Indigo appoints a new CEO with extensive aviation experience. Nephrocare Health Services shows strong growth potential in dialysis services. RateGain Travel stands out with its unique travel-tech solutions and AI resilience.
IOC Ups Prices Of Premium Petrol, Diesel
US President Donald Trump offered a solution to countries facing fuel shortages. He advised them to purchase oil from the United States. Alternatively, he suggested they take stronger actions to secure their own supplies. Trump stated Iran’s military capabilities have been significantly weakened. This comes as the Middle East crisis continues, impacting global energy flows.
