RBI keeps repo rate unchanged, predicts 6.9% GDP growth The RBI kept its policy rate at 5.25% for the second consecutive meeting, citing concerns over elevated crude oil prices and global uncertainties. Governor Malhotra expressed cautious optimism, assuring markets that temporary forex measures were aimed at curbing speculation and would be reviewed. The central bank also eased capital norms for banks to support credit growth. #citing_concerns #oil_prices #crude_oil #global_uncertainties #consecutive_meeting #GDP_growth #rate_unchanged #elevated_crude #repo_rate #policy_rate
Shell: RBI Recommends Buy – Citigroup Raises Target to 35.50 GBP Analysts have revised their assessments of Shell PLC (SHE L) in recent days, with Citigroup adjusting its price target and the Raiffeisen Bank International (RBI) updating its recommendation. On April 2, Citigroup raised its target price for Shell from 29.50 GBP to 35.50 GBP while maintaining its "Neutral" rating. Two days later, RBI revised its recommendation from a previous stance to "Buy" following an updated baseline scenario. These changes reflect shifts in risk assessments and evolving expectations about Shell’s performance and strategic direction. The adjustments stem from revised assumptions regarding energy prices, margins, and cash flow development. For investors, this signals a broader shift in how risks are evaluated between short-term earnings volatility and long-term structural changes in the energy sector. Analysts note that while Citigroup’s target increase indicates improved earnings potential, the "Neutral" rating suggests the bank remains cautious about the risk-reward balance. This highlights the importance of not only tracking price targets but also assessing the underlying uncertainties, such as fluctuations in commodity prices, regulatory and political risks, and the pace of the energy transition. The updated scenarios focus on key drivers for oil and gas stocks, including projected price levels for crude oil and natural gas, margin developments in trading and processing, and the resilience of free cash flow under varying price assumptions. Additionally, assumptions about capital expenditures and capital allocation strategies are critical, as they determine how Shell balances investments with dividend payouts and share buybacks.#natural_gas #shell_plc #crude_oil #citigroup #raiffeisen_bank_international
What led an India-bound Iranian crude tanker to reroute to China A US-sanctioned tanker carrying Iranian crude oil, initially bound for India, has rerouted to China. Payment issues appear to be the primary driver for this change, as sellers are reportedly tightening credit terms. This development highlights the ongoing challenges in facilitating Iranian oil trade, even with temporary US sanctions waivers. #India #China #crude_oil #carrying_Iranian #Iranian_crude #US-sanctioned_tanker #India-bound_Iranian #initially_bound #crude_tanker #tanker_carrying
रुपए में आई 12 साल की सबसे बड़ी तेजी, 163 पैसे हुआ मजबूत; RBI के किन फैसलों का दिख रहा असर? 2 अप्रैल को रुपए में 12 सालों की एक दिन की सबसे बड़ी मजबूती दर्ज की गई। इंट्राडे में कारोबार के दौरान रुपया डॉलर के मुकाबले 163 पैसे तक मजबूत हुआ था। बता दें कि 30 मार्च को रुपए इतिहास में पहली बार 95 के नीचे फिसला था। ईरान युद्ध से अब तक डॉलर के मुकाबले रुपया 4% कमजोर हो चुका है। इंडियन करेंसी मार्केट के लिए गुरुवार की सुबह एक बड़ी राहत लेकर आई। आज सुबह डॉलर के मुकाबले भारतीय रुपया 130 पैसे मजबूत होकर 93.53 के स्तर पर खुला। कारोबार के दौरान रुपए में 1.7% यानी 163 पैसे की मजबूती दर्ज की गई जो 12 सालों की सबसे बड़ी मजबूती है। क्रूड ऑयल में तेजी और शेयर बाजार में गिरावट के बावजूद रुपए में इस मजबूती का कारण RBI की तरफ से लिए गए 2 बड़े फैसले हैं। पहला NOP और दूसरा NDF। एक्सपर्ट्स का कहना है कि रिजर्व बैंक (RBI) ने बुधवार को बैंकों को डेरिवेटिव्स प्रोडक्ट्स (Non Deliverable Forward) देने से रोक दिया है। इसका असर रुपए पर देखा जा रहा है। बुधवार को रुपया 93.53 के स्तर पर खुला और कारोबार के दौरान 163 पैसे की मजबूती दर्ज की गई। रुपया डॉलर के मुकाबले 1.#crude_oil #rbi #non_deliverable_forward #net_open_position #foreign_investors
Market in red but condom-maker Cupid jumps 15%: Know why Sexual wellness brand Cupid's share price surged by 15% despite a broader stock market decline on Monday. The company announced a bonus issue in a 4:1 ratio, meaning shareholders will receive four additional shares for every existing share they hold as of the record date. The allotment date for the bonus shares is set for Tuesday, March 10. Bonus shares are distributed to existing shareholders at no cost, typically from retained earnings, as a reward for their investment. For example, a shareholder owning 1,000 shares of Cupid would receive 4,000 bonus shares, increasing their total holdings to 5,000 shares. At the time of the report, the stock was trading at ₹90.5, reflecting a 12.5% increase. Meanwhile, major Indian stock indices fell sharply on Monday. The Sensex dropped by nearly 2,400 points to 76,424, while the Nifty 50 declined over 700 points to 23,750. The market downturn was linked to rising crude oil prices, which are expected to strain the South Asian economy. Higher oil costs could impact growth, inflation, and import expenses for the world's third-largest oil importer.#sensex #nifty_50 #crude_oil #cupid #bonus_shares
Wall Street opens lower as Middle East war continues Wall Street opened sharply lower on Monday as tensions in the Middle East escalated, sending crude oil prices above $100 per barrel. JoAnne Feeney, a partner and portfolio manager at Advisors Capital Management, noted that the conflict has created a growing imbalance between supply and demand for oil, a situation she predicts will persist for an extended period due to the disruption of key production facilities. The market's decline reflects investor concerns over the potential for prolonged instability in the region, which has already led to heightened geopolitical risks and uncertainty about global energy markets. Analysts suggest that the situation could further strain already fragile economic conditions, particularly in energy-dependent economies. The surge in oil prices has also raised questions about the broader implications for inflation and global trade, as higher energy costs could ripple through various sectors of the economy. While the immediate focus remains on the conflict's impact on financial markets, the long-term consequences for energy security and economic policy are expected to be significant.#middle_east #wall_street #advisors_capital_management #joanne_feeney #crude_oil
