Asian markets saw gains Monday amid Middle East tensions and rising oil prices. Japan’s Nikkei and South Korea’s Kospi climbed, while other key markets remained closed. Investors are closely watching the US-Iran standoff, with oil prices remaining a central concern due to potential supply disruptions. Uncertainty continues to dominate global markets.
Oil prices surged above $100 per barrel as the Middle East conflict intensified, disrupting supply routes. US benchmark WTI climbed to $113.62 and Brent crude to $110.30 amid escalating tensions involving Iran and the United States. The Strait of Hormuz, a critical oil passage, remains under threat, impacting global energy markets.
Issuer sentiment is improving as 38 companies, including SBI Funds Management and Manipal Health Enterprises, filed preliminary IPO papers with Sebi in March. This surge, a significant jump from previous years, indicates a stronger pipeline of public issues, with more high-profile companies expected to follow suit.
Market regulator Sebi has discussed potential measures with industry bodies to navigate the current economic challenges. Proposals include a one-time 12-month extension for minimum public stock holding norms and observation letters. The RBI is also preparing to announce measures to mitigate the impact of the West Asia conflict on Indian companies.
