Crude oil prices have plummeted towards pre-war levels as tanker traffic through the Strait of Hormuz resumes, alleviating supply worries. Following a surge past $126, oil is now hovering around $70. Improved shipping and potential Iranian exports have eased fears of disruptions, leading to a significant price drop. Traders are now anticipating a surplus as
The National Stock Exchange (NSE) leads India’s most valuable unlisted companies with a Rs 4.86 lakh crore valuation, according to the 2025 Burgundy Private Hurun India 500 report. This comes as NSE files for a massive IPO. India Inc. now surpasses $3.4 trillion in value, though top companies saw a slight dip. Reliance Industries remains
The United Arab Emirates’ exit from OPEC has significantly impacted the group’s global crude oil output, reducing its share from 35% to 31%. This move, effective May 1, 2026, highlights the UAE’s substantial role in the bloc. Meanwhile, regional disruptions due to the Strait of Hormuz closure are escalating, with Iraq, Saudi Arabia, and Kuwait
Stock markets experienced a significant rebound on Wednesday, with the Sensex and Nifty surging past key levels. This rally was fueled by a sharp decline in crude oil prices, robust buying in banking and IT sectors, and growing optimism surrounding a potential India-US trade agreement. The positive sentiment was further bolstered by easing geopolitical tensions
India and the US concluded ministerial talks on a proposed trade deal, aiming for an interim pact before a US tariff deadline next month. Discussions focused on market access, digital trade, and reducing barriers. This follows recent high-level meetings and aims to deepen economic ties, with both nations reviewing progress on key trade elements and
A recovery in South Korean markets and supportive global developments also aided the rally. The Sensex climbed almost 791 points to settle at 76,991, while the Nifty 50 gained about 198 points to close at 24,022.
Elon Musk, once the world’s first trillionaire, has seen his net worth dip below the 13-figure mark to $957 billion. A significant sell-off in Tesla and SpaceX shares, following SpaceX’s IPO surge, has led to this decline. Concerns over an AI market bubble and potential interest rate hikes are contributing to the downturn in tech
