Iran Financial News

₹6,800 to ₹9,600 per metric ton, effective April 16. This tax adjustment, which occurs every two weeks, will remain at zero for diesel and aviation turbine fuel. Earlier, on April 4, the government had raised the windfall tax on petroleum crude from ₹4,900 to ₹6,800 per metric ton.

Gold rate today: Israel-Iran war continues to fuel gold prices despite US dollar rate touching 34-year high against Yen The dollar experienced a 0.1 per cent uptick, while 10-year Treasury yields reached a five-month peak. These movements were spurred by data indicating that U.S. retail sales surpassed expectations in March, providing further evidence of a robust end to the first quarter for the economy.

Crude oil prices can hit $100 a barrel if Iran-Israel tensions escalate, say experts “Crude oil dipped around $85 after Israel successfully defended itself from Iran's large-scale air attack over the weekend, and the US underlined its desire to prevent a larger Middle East conflict. The Iranian strike did minimal damage in Israel.

With the Solana (SOL) price having dropped by around 5% on Monday as macro headwinds come in, traders are questioning whether the token might be able to recover from its recent crash.

ALSO READ: Wall Street week ahead: Investors to focus on US economic data, key earnings Iran had launched the attack after a suspected Israeli strike on its embassy compound in Syria on April 1 that killed top Revolutionary Guards commanders. Investors’ sentiments were also boosted by positive economic data. A report showed that US retail sales rose 0.7 per cent in March.

What impact the Israel-Iran war can have on your investment portfolio. Time and again, it has been observed that geopolitical tensions have far-reaching impacts on various asset classes, including equity, currency, crude oil and various other commodity prices. Amid heightened geopolitical risks, people usually realign their portfolios and often turn to perceived safe-haven assets.

If you have invested in any of these savings schemes like Public Provident Fund (PPF), Sukanya Samriddhi Yojana (SSY), Senior Citizen Savings Scheme (SCSS) and National Saving Certificate (NSC), you need to provide two key documents Aadhaar and PAN to the accounts office of the respective financial institution, if not submitted them yet.

The Indian equity indices on Monday continued Friday’s negative spell on the back of geopolitical tension coming out of West Asia. Sensex dipped 845 points or 1.14% to close the day’s trading at 73,399.78. The Nifty 50 closed 246.90 points or 1.10% lower at 22,272.50. The losers included Shriram Finance, Bajaj Finserv, Wipro, ICICI Bank, and Larsen & Toubro. The Indian Volatility Index (India VIX) closed 8.07% higher. 

Don’t bank on an upbeat corporate earnings season to drive equities higher as much of the optimism is already priced in following the record-breaking rally this year, according to JPMorgan Chase & Co. strategists.

Reuters. Even though the Indian market sank today, experts do not see any long-term repercussions of the Middle East conflict on the Indian indices. "The escalation in the potential conflict between Iran & Israel is a serious development and will likely adversely impact oil pricing.

5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Indian stock market benchmark Sensex opened with a cut of 930 points at its day's low level of 73,315.16, against its previous close of 74,244.90. The 30-share index finally closed 845 points, or 1.14 per cent, lower at 73,399.78.

Senco Gold, one of the leading pan-India jewelry retailers in India, surged by 19.52% to reach a new all-time high of ₹958 per share during today's trading session. This significant uptick in investor interest follows the release of the company's business update for Q4FY24.

Iran attacks on Israel LIVE Updates: US, allies destroyed over 80 drones, missiles from Iran and Yemen, says Pentagon Late Saturday night, Iran launched a barrage of drones and missiles at Israel in response to Israeli attack on Tehran's consulate in Syria on April 1. Newswire Reuters quoted Macron as saying, “We are all worried about the possible escalation of the Middle East conflict.

Also Read: Gold rate today: Israel-Iran war continues to fuel gold prices Amidst an overall market downturn, the Nifty Metal index has emerged as a standout performer, representing the only sectoral index trading in positive territory today. At the start of the session, the Nifty Metal index experienced a decline of 2.3%, reaching an intraday low of 8,744 points. However, within the subsequent hours of trading, the index rebounded sharply, currently showing a gain of 0.95% at 9,041 points.

5 biggest concerns around Iran-Israel tensions that could impact Indian stock market Experts are of the view that the market may remain volatile in the short term and one should focus on buying only quality stocks at this juncture Based on the recommendations of several experts, below are eight stocks that one can consider buying for the next three to four weeks. Take a look: Following its double top formation near the ₹4,900-4,800 zone, Navin Fluorine International has experienced a significant downturn, shedding nearly 2,000 points, equivalent to a substantial 41 per cent decrease in price. However, in the last five to six trading sessions, it has found support near the ₹3,000 mark.

President Biden’s cardinal objective since the outset of the Gaza conflict in October has been to prevent a wider war in the Middle East. On Saturday, he got the escalation he sought to avoid. Iran fired more than 300 drones and missiles, marking the first time that Tehran has directly attacked Israel.

Donald Trump, the main opponent of US President Joe Biden in the upcoming elections due later this year. The slogans grew louder at Schnecksville in Pennsylvania amid the escalation in West Asia conflict after Iranian drones and missiles were launched on Israel. Trump, while addressing the public, said, “They are not wrong.

Bitcoin price prediction analyses see BTC trading at $64,950, up by nearly 2.50% amidst ongoing Middle East tensions. The volatile environment influences Bitcoin‘s market behavior, testing crucial support levels.

global maritime industry is set for tougher and more challenging times after Iran ramped up West Asia tensions by launching an unprecedented drone and missile attack on Israel, causing supply chain disruption and increasing the probability of choking shipping routes, experts here have said. Iran's attack on Israel marks a distinct escalation in hostilities by bringing the two nations into direct conflict. Iran and its proxies launched 330 missiles and drones on Israel late on Saturday night in retaliation to an alleged attack by Israel on a diplomatic mission of the Islamic Republic in Damascus on April 1 in which several people, including two top commanders, were killed. There is a concern about the probability of a Persian Gulf shutdown, though many maintain hope of defusing fierce tension in the region, a delegate at the opening of Singapore Maritime Week on Monday, told PTI.

Israel and its allies shooting down a fusillade of Iranian missiles and drones this weekend, many began wondering what the latest exchange between Israel and Iran would mean for the war in the Gaza Strip. The Iranian attack was retaliation for what was widely believed to be an Israeli strike this month on an embassy building in Damascus, Syria, that killed seven Iranian officials, including three top commanders in Iran's armed forces. But it occurred against the backdrop of the war in Gaza, where Israel is battling Hamas, a militant group funded and armed by Iran. Israeli military analysts were divided on whether a more direct confrontation with Iran would alter the war in Gaza, now in its sixth month. The next fulcrum in that war could hinge on whether Israel decides to pursue Hamas in the southern city of Rafah, where more than 1 million Palestinians have fled amid a spiraling humanitarian crisis.

Strait of Hormuz on Saturday. Amir-Abdollahian conveyed this to External Affairs Minister S Jaishankar during a telephonic conversation on Sunday, according to an Iranian readout. In the talks, Jaishankar called for release of the Indians onboard Portuguese-flagged cargo vessel MSC Aries.