Crude Oil
Government to lower crude oil security alert to Level 2
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The government plans to lower the crude oil resource security crisis warning from Level 3 to Level 2 starting July 1, while fully lifting the natural gas alert, following stabilized global oil prices amid progress in US-Iran peace talks.
Indian benchmark indices Sensex and Nifty are poised for a gap-down open, potentially erasing gains from last week's ceasefire rally, after US-Iran truce talks in Islamabad collapsed without resolution. Experts flag renewed West Asia tensions and volatility ahead.
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Net profit growth for Nifty 50 companies in the fourth quarter of fiscal 2026 is expected to slow on a year-on-year basis due to price effects from the Iran-US war, brokerages said. Estimates range from 0.6% to 6%.