The government has announced a reduction in excise duty on petrol and diesel. While excise duty on petrol has been cut, the levy on diesel has been removed altogether with an aim to cushion consumers from the surge in global crude oil prices.
Gold price prediction today: Gold prices are seeing a steady recovery and Jateen Trivedi, VP Research Analyst – Commodity and Currency, LKP Securities recommends a buy on dip strategy.
Amidst the Middle East conflict impacting global oil supplies, India has implemented measures to ensure domestic fuel availability. The government has imposed export duties on diesel and aviation fuel while simultaneously reducing excise duties on petrol and diesel for local consumption, aiming to shield citizens from price hikes.
Stock market crash today: Nifty50 and BSE Sensex dropped in trade on Friday as US-Iran war tensions and crude oil prices continued to weight on sentiment. While Nifty50 went below 22,900, BSE Sensex was down over 1,600 points.
India has reduced its fuel duty, lowering the special additional excise duty on petrol to Rs 3 per litre and removing it entirely on diesel. This move comes amid global oil supply disruptions and follows a price hike by Nayara Energy. Crude prices retreated as US-Iran negotiations showed progress.
The Trump administration is proposing to feature the President’s signature on US dollar bills for the nation’s 250th anniversary. Officials cite economic achievements and national pride as reasons. This move, however, faces scrutiny due to historical laws restricting living individuals on currency and a separate plan for a Trump commemorative coin.
Analysts have adjusted targets for several companies, with UBS neutral on Cipla citing supply headwinds despite a healthy pipeline. Motilal Oswal initiated coverage on Bajaj Finserv with a neutral rating, highlighting its strong customer base and predictable earnings. Jefferies is bullish on LG India, anticipating price hikes due to rising costs and a weak rupee.
Stock market recommendations: Granules India, and RBL Bank are the top two stocks that Bajaj Broking Research has recommended for March 27, 2026. Views on Nifty, and Bank Nifty have also been shared:
Iran is experiencing a dual benefit from rising oil prices, with daily revenue increasing significantly in March. Despite ongoing tensions, crude exports remain near pre-war levels, with activity at Kharg Island terminal picking up. Iran has also blocked ships to aggressor nations via the Strait of Hormuz.
