According to analysts, the extreme volatility seen in the Indian equity markets is unlikely to change anytime soon and traders should minimise the risk by opting for hedged options strategies
With Saudi Arabia and Russia set to flood the market with oil next month, producers and shippers have been scrambling to lock oil up in storage as demand falls.
In terms of macro data, PMI data for the manufacturing sector is scheduled to be released on Thursday
Crisil yesterday sharply cut its India growth estimate for 2020-21 to 3.5 per cent citing the severe dent in the economic activity due to the coronavirus pandemic
According to reports, the government is likely to agree a stimulus package of more than Rs 1.5 trillion to fight a downturn caused by the coronavirus lockdown
The government has already deferred deadlines for filing tax returns, extended a tax amnesty program and promised more measures to support the economy amid the coronavirus pandemic
The Reserve Bank of India has announced that it will conduct open market operations for Rs 30,000 crore in two tranches. However, any real relief for investors will come only after negative news stops
The Reserve Bank of India has announced that it will conduct open market operations for Rs 30,000 crore in two tranches. However, any real relief for investors will come only after negative news stops
The Rupee's trajectory will also remain a big focus in today's session after plunging 84 paise to a new record low of 75.10 against the dollar on Thursday
The decline in the US market in the last 10 days is the largest ever for the contract since it was introduced in 1983
West Texas Intermediate (WTI) crude futures fell $1.75, or 6.1 per cent, to settle at $26.95 a barrel.
Morgan Stanley expects global growth to fall to 0.9 per cent in such a scenario, while Goldman Sachs predicts weakening of growth to 1.25 per cent
Brent crude futures for May delivery fell 56 cents to $29.49 a barrel, or 1.9 percent, at 13:35 EST (1135 GMT)
Brent crude slipped 1.5% to $29.57 a barrel at 1316 GMT, having earlier touched $29.44, the lowest since January 2016
The Reserve Bank of India's decision to leave interest rates unchanged for now will also impact sentiment
Brent crude was down $3.58, or 10.6%, to $30.27 a barrel by 1231 GMT. The front-month price had risen $1 earlier in the session
According to a Business Standard report, the Securities and Exchange Board of India is working on a plan to arrest the deep market sell-off and reduce volatility
For the week, Brent is set to fall 28 per cent, the biggest weekly decline since the week of Jan. 18, 1991
Petrol in Delhi now costs Rs 70.29 per litre and diesel Rs 63.01 a litre
Brent crude futures were up $3.36, nearly 10%, to $37.72 a barrel by 1041 GMT, after hitting a session high of $37.75 a barrel