Russia has banned aviation fuel exports until November 30 to ensure domestic supply stability amid falling refinery output. This move follows Ukrainian attacks on energy facilities, which have reduced Russia’s fuel processing capacity. The restriction aims to prevent shortages and maintain domestic market equilibrium.
The ongoing geopolitical turmoil has affected supplies from several key oil-producing regions that traditionally cater to India, requiring refiners to process crude varieties that were not part of their usual feedstock mix.
India’s Goods and Services Tax collections in May surpassed Rs 1.94 lakh crore, marking a 3.2% year-on-year increase. While domestic revenue saw a slight dip, robust growth in import-linked taxes fueled the overall rise. Several states reported healthy SGST collection increases, though Delhi experienced a significant decline.
Stock market recommendations: Nuvama Wealth Management Ltd, and R R Kabel Ltd have been picked as the top stocks to buy in the June 1-June 5, 2026 week by Sudeep Shah, Head – Technical Research and Derivatives, SBI Securities:
Gold price prediction today: Momentum in gold prices remains weak, and markets will track the US-Iran developments for cues, says Manav Modi, Senior Analyst, Commodity Research at Motilal Oswal Financial Services Ltd.
Stock market recommendations: Astra Microwave, and Shaily Engineering Plastics have been recommended by Motilal Oswal Wealth Management Research Desk as the top stocks to buy for the week starting June 1, 2026:
Oil prices surged over 2% as Israel ordered troop deployments into southern Lebanon, escalating tensions with Hezbollah. This renewed fighting raises concerns for a US-Iran ceasefire extension and regional stability, impacting global energy supply outlooks. Mines in the Strait of Hormuz further complicate efforts to restore shipping traffic.
