Ukrainian President Volodymyr Zelenskyy has said that Ukraine will resume attacks on Russian oil refineries, amid growing disagreements with the United States over military strategy and energy supplies.
Ukrainian President Volodymyr Zelenskyy has said that Ukraine will resume attacks on Russian oil refineries, amid growing disagreements with the United States over military strategy and energy supplies.
Indian equity markets opened on a cautious note on Wednesday after a strong rally in the previous session. At around 9:27 a.m. IST, the Sensex was trading at 73,002.54, down 31.24 points, while the Nifty 50 stood at 22,698.80, lower by 23.15 points.
The Russia–Ukraine conflict continued to affect energy infrastructure on Tuesday night, with a Russian ballistic missile striking a power plant in Kyiv, according to reports published on Wednesday.
Oil prices climbed on Wednesday as renewed tensions in the Middle East raised concerns about the security of energy shipments. Brent crude moved above $106 a barrel, while US West Texas Intermediate approached $95, with traders assessing the risk of further attacks on tankers and disruption to Persian Gulf supply routes.
Indian equity markets were set for a subdued opening on Tuesday as investors weighed higher domestic inflation, expensive crude oil and continuing geopolitical tensions.
Oil prices eased on Tuesday but remained elevated, with Brent crude trading around $105.35 a barrel and US West Texas Intermediate near $92.49.
Gold and silver prices declined in Mumbai on Tuesday, according to All India Bullion reference data. The indicative rate for 24-carat gold of 999 fineness was around Rs.1,49,553 per 10 grams, while 999-purity silver was approximately Rs.2,24,652 per kilogram.
Indian equity benchmarks began Monday’s session on a positive note after markets recovered in the previous trading session. At around 9:20 a.m. IST, the Nifty 50 had gained 0.27% to 22,575.65, while the BSE Sensex advanced 0.21% to 72,630.43.
The Reserve Bank of India announced measures over the weekend aimed at supporting the rupee and managing demand for dollars in the foreign-exchange market. The steps include changes affecting oil companies’ dollar purchases and tighter rules for certain currency-hedging transactions.
Gold and silver prices remained in focus on Monday as investors assessed geopolitical uncertainty, interest-rate expectations and movements in the US dollar.
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