NSE to launch Brent Crude futures based on Platts benchmark

NSE to launch Brent Crude futures based on Platts benchmark


NSE will launch the contracts on April 13
| Photo Credit:
FRANCIS MASCARENHAS

The National Stock Exchange of India has entered into a strategic collaboration with S&P Global Energy to introduce exchange-traded derivatives based on its Platts physical spot market benchmarks.

Having received SEBI approval, NSE will initially launch Dated Brent Crude Oil (Platts) futures contracts based on the Platts Dated Brent benchmark.

The Exchange has announced that it will launch the contracts on April 13.

A part of S&P Global Energy, Platts is a leading independent provider of information, data, analysis, benchmark prices and workflow solutions for the commodities markets.

The move marks a significant step in deepening India’s energy derivatives ecosystem and aligning it with globally recognised pricing standards.

The exchange aims to provide market participants a robust, transparent and globally relevant risk management tool linked to internationally trusted energy reference prices.

The proposed contracts are designed to aid a wide spectrum of market participants, including refiners, importers, traders, financial institutions and investors seeking exposure to global Brent crude oil markets through a regulated domestic platform.

Sriram Krishnan, Chief Business Development Officer, NSE said by introducing derivatives on Platts benchmarks, starting with Brent Crude Oil, the exchange aims to offer market participants credible and efficient tools for price discovery and risk management.

These products will bridge domestic and international markets, while enhancing India’s position in the global energy trading ecosystem, he said.

Platts benchmarks are widely used across global commodity markets and exchanges, and their integration into NSE’s derivatives offerings is expected to bring enhanced transparency, credibility, and alignment with the nation’s relevant Crude Oil variety pricing mechanisms.

Published on April 6, 2026



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Prices of essential food items are not unusually volatile, says Govt

Prices of essential food items are not unusually volatile, says Govt


C Shikha, Joint Secretary, Department of Food and Public Distribution, at an Inter-Ministerial Briefing on Recent Developments in West Asia in New Delhi on Monday.
| Photo Credit:
ANI

The Centre on Monday assured that buffer stocks of wheat and rice are sufficient to handle any supply exigencies. While affirming that West Asia’s conflict has not caused “unusual volatility” in essential commodity prices despite disruptions to crude and LPG imports, the government has directed States to aggressively target hoarding and black marketing.

Addressing an inter-ministerial briefing on recent developments in West Asia, Anupam Mishra, Additional Secretary in the Department of Consumer Affairs, said the department is keeping a close watch on the food security situation in the country. He said the department is monitoring the prices of food commodities, ensuring supply and also making efforts to prevent hoarding and black marketing.

C Shikha, Joint Secretary in Department of Food and Public Distribution, said the Centre has adequate stock of foodgrains — 222 lakh tonnes (lt) of wheat and around 380 lt of rice — almost three times above the buffer norms. The quarterly buffer norms prescribe the government to maintain minimum 74.6 lt of wheat and 135.8 lt of rice in the official reserve as on April 1.

“This is quite enough to take care of PDS requirement as well as any emergency requirement,” said Sikha. There is absolutely no hike in prices of both wheat and rice in past one year, she added.

Edible oil situation

On edible oil, where India is import dependent to an extent as high as 55-60 per cent, she said that imports from key partners such as Indonesia, Malaysia, Russia, Ukraine, Argentina and Brazil, are continuing steadily and domestic availability remains comfortable despite global uncertainties. The domestic mustard production has also strengthened the supply, she added.

However, the government will continue to monitor the edible oil situation closely and will intervene if required, she said without elaborating the kinds of interventions planned.

Though she said the retail price of sugar is stable with inflation around 3 per cent over the past three years, she declined to comment on whether the government plans to restrict exports amid reports of a move to allow higher ethanol blending with petrol from the current 20 per cent.

Mishra said the Consumer Affairs Department gathers data of wholesale and retail prices of 40 commodities on a daily basis from 528 centres across India through a mobile App. “What we have seen so far, there has been no unusual volatility in prices of the essential commodities,” he said.

Highlighting that production of pulses this year is higher than the previous year and also currently 28 lt of buffer stock of pulses lie with the government, he said, still imports of tur and urad have been allowed without quantitative restriction till March 2027.

Though he said that production of onion, potato and tomato is almost at the same level as in the previous year, the Agriculture Ministry’s latest data show that onion output is estimated to drop 11 per cent in 2025-26 while potato is seen to be almost at par with 2024-25. But production of tomato has been pegged higher by 10 per cent.

With regard to daily complaints received through consumer helpline on LPG-related issues, he said the number has significantly declined – from 919 on March 15 to 493 on April 5.

Published on April 6, 2026



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Equirus Securities ties up with Aletheia Capital, ropes in Jim Walker as Global Economic Advisor

Equirus Securities ties up with Aletheia Capital, ropes in Jim Walker as Global Economic Advisor


Equirus Securities has joined hands with Aletheia Capital and appointed Dr Jim Walker, Aletheia’s Chief Economist, as Global Economic Advisor.

Aletheia and Dr Walker will strengthen Equirus’ global macro research capabilities for institutional clients, it said in a statement.

In his role as Global Economic Advisor, Dr Walker will contribute macroeconomic insights to Equirus’ institutional equities platform, with a focus on global economic cycles, capital flows and geopolitical developments, providing institutional investors with a clearer framework to interpret global macro shifts.

Vishad Turakhia, CEO, Equirus Securities, said: “We are excited to expand our partnership with Aletheia with this appointment. Dr Walker brings a distinctive and independent perspective on global economic cycles, which will significantly strengthen the depth of our research and client engagement. His insights will be especially valuable in helping our institutional clients interpret macro shifts and position portfolios with greater clarity.”

Published on April 6, 2026



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Broker’s call: Orient Electric (Buy)

Broker’s call: Orient Electric (Buy)


ICICI Securities

Target: ₹200

CMP: ₹161.15

Q4-FY26 is shaping up to be a decent quarter for Orient Electric (Orient), aided by stable demand across fans, lighting, switchgear and wires.

We note that it has taken calibrated price hikes of about 4-5 per cent in fans in Q4FY26 and we expect further price hikes in coming quarters to offset inflationary pressure; it continues to focus on premiumisation, especially in BLDC fans, to support margins; lighting segment could outgrow peers, with consumer lighting and premiumisation tracking well, though sourcing and pricing may remain volatile; Air cooler sales may be impacted by unseasonal rains in late Mar’26 in North India; and Switchgear and wires are expected to grow in high double digits, albeit on a low base; however, procurement-linked volatility may impact the supply chain.

The focus remains on increasing the share of BLDC fans, which should likely support realisations and margins going ahead, in our view

While near-term margins may see some pressure due to the partial passthrough of costs, we believe a gradual recovery is likely led by the improvement in product mix and operating leverage.

We model Orient to report revenue and PAT CAGRs of 11.7 per cent and 25.4 per cent, respectively, over FY25–28E. We expect RoE to remain above 13 per cent over FY26-28E. We maintain Buy with a DCF-based revised target price of ₹200 (earlier ₹210).

Key risks: Steep increase in competitive pressures and commodity inflation.

Published on April 6, 2026



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The Hindu Group, SRMIST inaugurate two-day Deep Tech Summit 2026

The Hindu Group, SRMIST inaugurate two-day Deep Tech Summit 2026


( from left ) L V Navaneeth, CEO, The Hindu Group; Panneerselvam Madanagopal, CEO, MeitY Startup Hub; Amitesh Kumar Sinha, Additional Secretary, MeitY and CEO- India Semiconductor Mission; C Muthamizhchelvan,Vice- Chancellor, SRM Institute of Science and Technology; and B Govindarajan, CEO, Royal Enfield India at the inaugural session of The Hindu DeepTech Summit 2026 presented by SRM Institute of Science and Technology, in Chennai.
| Photo Credit:
BIJOY GHOSH

“The Ministry of Electronics and IT, in partnership with other ministries, is doing something in deep tech, and there is push from the government on policy front,” said chief guest Amitesh Kumar Sinha, Additional Secretary, Ministry of Electronics and Information Technology (MeitY), and CEO, India Semiconductor Mission. He was addressing the audience during the inaugural ceremony of The Hindu Deep Tech Summit 2026 by The Hindu Group, in association with the SRM Institute of Science and Technology (SRMIST) here on Monday.

“Semiconductors form an industry with many verticals. Though India accounts for nearly 20 per cent of the world’s design engineers, we don’t have our own design companies which is a challenge. The India Semiconductor Mission has a few verticals to address, and we started with design, manufacturing, and packaging,” Sinha said. “To further deepen this conversation, we are now working towards developing a complete ecosystem under the India Semiconductor Mission 2.0. This will expand beyond the first phase to include materials, research and development, chemicals, gases, equipment manufacturing, and skilling,” he added.

LV Navaneeth, CEO,The Hindu Group, said deep tech is no longer confined to laboratories and research papers. He said that it is shaping economies, redefining industries, and influencing the way people live, work and think. “From semiconductors and artificial intelligence to advanced materials and space technologies, the next decade belongs to those who can engineer the future, not just imagine it,” he added.

C Muthamizhchelvan, Vice Chancellor, SRM Institute of Science and Technology said that the universities have been sending out talented graduates but not always solutions. He said that the functioning of universities needs to be shaped from an academia perspective. “A deep tech summit like this will eventually bridge the gap between intellectual potential on campuses and the expected impactful solutions for the global challenges. The question we need to ask is are we really equipping our students how to build, what to think? Do we have sufficient infrastructure for laboratories for students and faculties to explore beyond what is prescribed in the curriculum and are we opening up to industries?” he said.

Panneerselvam Madanagopal, CEO, MeitY Startup Hub, (MSH), Ministry of Electronics & Information Technology, said that the need for industry-academia collaboration is extremely critical. “Mentoring, market access, and money are the support that we provide at MeitY Startup Hub. But the challenge today in India is we have a lot of me-too start-ups. We need to look for fundamentally strong companies which are worthy of investment, solving real problems, and driving change in the ecosystem,” he added.

role of deep tech

B Govindarajan, CEO of Royal Enfield India, spoke about the role of deep tech in the automobile industry. He also said that there is immense opportunity for MSMEs too, today about how six crore MSMEs in India are performing well. “For the young minds who are into research and innovation, funding is not a challenge – both Indian industries and the government are ready to support ideas that solve real-world problems,” he said.

The industry partner for the event is Madras Management Association and the Knowledge partners include IHFC, Technology Innovation Hub of IIT Delhi, Ivy Club – Chennai, Sathguru Catalysing Success, 2C Stem Steering Technology Management, BIRAC, Bio-Nest, Niti Aayog Atal Innovation Mission, DPIIT #startupindia, and the ecosystem partner is Startup Singam.

 

Published on April 6, 2026



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Gold rises over 1% to ₹1.51 lakh/10g in futures trade

Gold rises over 1% to ₹1.51 lakh/10g in futures trade


Gold prices rose over 1 per cent to ₹1.51 lakh per 10 grams in futures trade on Monday amid escalating geopolitical tensions in West Asia.

On the Multi Commodity Exchange, the yellow metal for June delivery climbed ₹1,621, or 1.08 per cent, to ₹1,51,301 per 10 grams, from Thursday’s closing level of ₹1,49,680 per 10 grams.

Commodity markets were closed on Friday due to Good Friday.

Since the onset of the conflict in West Asia, gold has lost its sheen by ₹14,358, or nearly 9 per cent, from ₹1,65,659 per 10 grams recorded on February 27, 2026.

In overseas markets, gold futures for June contract gained $47.55, or 1.02 per cent, to $4,727.25 per ounce.

According to analysts, market sentiment remained volatile after US President Donald Trump said he would bring “hell” to Iran and set a new deadline for Tuesday for the opening of the Strait of Hormuz.

Tehran has rejected the latest ultimatum and continued to carry out attacks on energy assets across West Asia.

Meanwhile, gold has struggled to perform its safe-haven role amid rising crude prices and expectations of tighter monetary policy by global central banks, analysts said.

“Gold remains down roughly 12 per cent since the conflict began, as surging energy prices fuelled inflation concerns and strengthened expectations of interest rate hikes,” Jigar Trivedi, Senior Research Analyst at IndusInd Securities, said.

He added that forced liquidations in precious metals to cover losses in other markets also weighed on prices.

Investors are now keeping a close watch on the geopolitical situation, and awaiting US macroeconomic data such as GDP numbers and CPI readings for further direction, Renisha Chainani, Head of Research at Augmont, said.

Traders will also closely watch the US Fed Reserve’s Federal Open Market Committee (FOMC) meeting minutes for signals on the interest rate cycle, she added.

On the outlook, Chainani expected gold prices to trade in the range of ₹1.44-1.54 lakh in the domestic markets this week.

Published on April 6, 2026



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