Israel-Iran Conflict: HPCL, BPCL, IOC See Red On Dalal Street
Shares of major oil marketing companies fell on Friday following Israel's airstrikes on Iran's nuclear power plants.
Hindustan Petroleum Corporation Ltd., Bharat Petroleum Corporation Ltd. (BPCL), and Indian Oil Corporation Ltd. all saw declines in their stock prices.
The airstrikes, launched by Israel on Friday, have significantly escalated the ongoing conflict over Tehran's nuclear program, raising the potential for a new war in the Middle East.
In response to the airstrikes targeting Iran's nuclear power plant, Israeli Prime Minister Benjamin Netanyahu declared a special 'State of Emergency' for the nation.
Gold prices, along with other safe-haven financial assets, rose following the airstrikes on Iran's nuclear facilities, reflecting heightened fears of increased conflict in the Middle East. Bullion climbed as much as 1.3% after news of the attacks.
Meanwhile, the US embassy in Iraq is in process of evacuation, and the US State Department has announced plans to order non-essential embassy personnel and their families to leave Bahrain and Kuwait. Additionally, the British Navy issued a rare warning to ships in the region, urging caution in the Persian Gulf, the Gulf of Oman, and the Strait of Hormuz.
The situation remains volatile, with global markets reacting to the heightened geopolitical risks.
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Navigating Energy Crossroads: S Jaishankar's Call For Diversified Supply Chains At G20 Ministerial Meeting
As geopolitical fault lines continue to test maritime trade routes and commodity flows, Jaishankar's message remains pertinent: true economic resilience requires open markets, protected transit lines, and a genuine commitment to multilateral cooperation rather than coercion.
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Indians Are Travelling, But Not Every Journey Is A Holiday | The Week In Whys
Pilgrims, patients and working women are the real travellers, and the system hasn't quite caught up with them.
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Getting To Work Costs Women More | The Reason Why
It is not just about women paying more than men. It is about women paying much more in cities than in villages.
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AI Bias In Investing Cannot Be Eliminated, But It Can Be Governed
Framing is a particularly important example as identical financial information presented in terms of gains rather than losses can lead an LLM to reach a different assessment.
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Joining The Dots | Dark Skies, Steady Diya: Why Hope Holds This Diwali
With war, a weak rupee and foreign outflows weighing on sentiment, policymakers at the NDTV World Summit and market veterans at NDTV Profit Ignite: Diwali Edition offered the same advice: stay invested and filter out the noise.
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The Curious Case of Equitas Small Finance Bank And A CEO Who Quit For Stock
PN Vasudevan believes persistent investor concerns over a perceived conflict of interest had become a governance overhang on Equitas Small Finance Bank's stock, even as the lender improved profitability and asset quality.
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Talking Points This Week: AI Cash Burn, A Tiger Comeback And An India That Still Finds Its Own Path
India is not immune to higher oil or tighter global liquidity, yet its earnings base is broader, its domestic policy levers are still available.
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Foreign Investors Own Half Of HDFC Bank and ICICI Bank. An LTCG Cut Could Matter Most Here
Foreign portfolio investors have US$115 billion parked in HDFC Bank, ICICI Bank. If the government cuts long-term capital gains tax, Jefferies says returning foreign money could land here first.
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'Never Seen This Level Of Negativity': Sandeep Tandon Says The Next Rally May Be Closer Than You Think
Veteran investor Sandeep Tandon says foreign selling is easing, large-caps are due a comeback and mid-caps are crowded, while he turns positive on gold, power and pharma this Diwali.
