Crude Oil
Government to lower crude oil security alert to Level 2
Reported by AI Image generated by AI
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.
Reported by AI
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%.