India’s largest private lender,
HDFC Bank, is looking to raise at least $500 million
via dollar bonds this week, tapping the central bank’s
subsidised hedging window for overseas borrowings, three sources
directly aware of the matter said on Tuesday.
The private bank’s issue comes after Reuters reported that
state-run lenders State Bank of India and Bank of
Baroda were also in talks to raise dollars this way.
HDFC Bank’s plans include a five-year bond issue, with an
initial price guidance of 5-year U.S. Treasury yield plus 120
basis points, the sources said.
“The final cutoff should come below 100 bps over U.S.
Treasury yields, as strong demand is expected in the
book-building process,” said one of the sources, adding the bank
could decide to raise more than $500 million depending on
demand.
The sources requested anonymity, as they are not authorised
to speak to the media, while HDFC Bank did not reply to a
Reuters query seeking comment.
Earlier this month, the Reserve Bank of India said that
external commercial borrowings with an average maturity of at
least three years by state-run companies and banks would qualify
for a swap facility at a fixed rate of 1.5% per annum,
compounded semi-annually.
The facility lowers hedging costs and helps cushion a fall
in the rupee.
Merchant bankers expect inflows of around $15 billion to $20
billion through this route over the next six months.
The proceeds from HDFC Bank’s bond issue will be used to
meet the funding requirements of the bank’s foreign branches and
foreign subsidiaries, develop and expand business in the foreign
offices and meet the bank’s general corporate purposes, the
sources said, citing a term sheet.
(Reporting by Dharamraj Dhutia; Editing by Harikrishnan Nair)
Retirement Plan: नौकरीपेशा लोगो के लिए रिटायर होना आसान नहीं होता है. रिटायरमेंट के समय 50 लाख रुपये होना सुनने में तो अच्छा लगता है, लेकिन असली परिक्षा रिटायरमेंट के बाद शुरू होती है. अब सवाल उठता है कि आखिर इस पैसे को महंगाई से सुरक्षित और स्थिर मासिक आय में कैसे बदला जाए. रिटायरमेंट के बाद अब चुनौती कमाई करने की नहीं है, असली चुनौती अपनी कमाई की वैल्यू को धीरे-धीरे कम होने से बचाने की है.
रिटायरमेंट के बाद सबसे बड़ा खतरा महंगाई
दरअसल, रिटायरमेंट के बाद सबसे बड़ा खतरा महंगाई होती है, जो धीरे-धीरे बचत की ताकत को खत्म कर देता है. मेडिकल बिल, रोजमर्रा के खर्च, बिलजी बिल और अन्य चीजों के बिल समय के साथ बढ़ते रहते हैं. असल में यही रिटायरमेंट का असली जोखिम है. इसीलिए रिटायरमेंट प्लानिंग का मतलब अब सिर्फ़ ‘पैसे को सुरक्षित रखना’नहीं है. इसका मतलब है अपनी जीवनशैली को सुरक्षित रखना.
इस स्थिति में म्यूचुअल फंड काम आते हैं, ये आक्रामक टूल के तौर पर नहीं, बल्कि महंगाई से बचाने वाले शांत ज़रिया के तौर पर काम करते हैं. कंजर्वेटिव हाइब्रिड और इक्विटी सेविंग्स फंड, डेट की स्थिरता और सीमित इक्विटी एक्सपोज़र का मेल होते हैं. इनमें प्योर इक्विटी के मुकाबले कम उतार-चढ़ाव होता है और प्योर डिपॉज़िट के मुकाबले ज़्यादा ग्रोथ मिलती है.
50 लाख रूपये से हर महीने कितनी कमाई ?
जानकारी के मुताबिक, स्ट्रक्चर और मार्केट की परिस्थितियों के अनुसार, 50 लाख रुपये का फंड रखने वाला रिटायर व्यक्ति 5 प्रतिशत की निकासी दर पर सालाना करीब 2.5 लाख रुपये की इनकम पा सकता है, जो महीने में लगभग 20,800 रुपये के बराबर है. हालांकि,अगर राशि तरह तरह के इन्वेस्टमेंट ऑप्शन में लगाया जाए, जिससे औसतन 7 से 8 प्रतिशत का पोर्टफोलियो रिटर्न मिले, तो हर महीने होने वाली इनकम बढ़कर करीब 25,000-35,000 रुपये हो सकती है.
Brent crude oil futures traded lower on Tuesday morning as markets awaited clarity on the US-Iran peace deal.
At 10.06 am on Tuesday, August Brent oil futures were at $82.92, down by 0.30 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $80.65, down by 0.12 per cent. June crude oil futures were trading at ₹7633 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹7618, up by 0.20 per cent, and July futures were trading at ₹7540 against the previous close of ₹7522, up by 0.24 per cent.
Despite the announcement of a peace deal by US President Donald Trump, neither the US nor Iran has released details of the memorandum of understanding. This has made market participants cautious.
In a post on the social media platform Truth Social, Trump said: “Ships are starting to move, many loaded up with Oil, out of the Strait of Hormuz. They are going along the Southern “Highway,” which is totally safe, secure, and pristine. There are other areas of travel, also!!!”
In another post, he said Iran has agreed to never have a nuclear weapon.
In a series of posts on X, Iran’s President Masoud Pezeshkian said: “After intensive discussions, nearly all members of the Supreme Council agreed with the memorandum of understanding so that the genuine determination of the United States to respect the rights of the Iranian nation can be tested in practice.
“The drafted memorandum of understanding is the result of months of dialogue and continuous follow-up on this matter. If all of its provisions are properly implemented, it can be regarded as a source of pride for the country. What has been agreed upon is an important step toward stopping the war and beginning negotiations, and a final agreement has not yet been reached.”
پس از گفتوگوهای فشرده، قریب به اتفاق اعضای شعام با متن تفاهمنامه همراهی کردند تا عزم واقعی آمریکا برای احترام به حقوق ملت ایران در عمل آزموده شود. هدایتهای رهبر عالیقدر بیشترین نقش را در گنجاندن بندهای صیانت از منافع ملی ایران داشته که قدردان ایشان هستیم.
June aluminium futures were trading at ₹353.80 on MCX during the initial hour of trading on Tuesday against the previous close of ₹356.80, down by 0.84 per cent.
On the National Commodities and Derivatives Exchange (NCDEX), June turmeric (farmer polished) contracts were trading at ₹16330 in the initial hour of trading on Tuesday against the previous close of ₹16132, up by 1.23 per cent.
June jeera futures were trading at ₹19945 on NCDEX in the initial hour of trading on Tuesday against the previous close of ₹19740, up by 1.04 per cent.
The US Strategic Petroleum Reserve (SPR) has fallen to its lowest level since 1983 after the Trump administration continued releasing emergency oil supplies to limit the economic impact of the Iran conflict.
| Photo Credit:
RICHARD CARSON
The US Strategic Petroleum Reserve tumbled last week to its lowest level since 1983 as the Trump administration continues to deploy emergency oil to minimize economic damage from the war with Iran.
Citing federal data released on Monday, a CNN news report highlighted that US officials released another 8.9 million barrels from the emergency stockpile last week alone. The news report mentioned that the Strategic Petroleum Reserve (SPR) held 340.3 million barrels of crude oil as of June 12, 2026, dropping below the prior historic low set in July 2023 under President Joe Biden following Russia’s invasion of Ukraine.
The last time the reserve held less oil than its current level was July 1983, a period when the 40th US President, Ronald Reagan administration was still filling the reserve for the first time, and the United States operated a significantly smaller economy.
Emergency stockpile used to cushion energy price impact
The SPR has emerged as a key tool Trump officials use to mitigate the harm of high energy prices to consumers, businesses, and the wider economy. Back-to-back global conflicts wiped out a large chunk of the stockpile, which is down 75 million barrels, or 18 per cent, since the war with Iran started in late February. At current levels, the emergency reserve stands at a little less than half full.
“The Strategic Petroleum Reserve releases, combined with releases by other governments and China reducing its exports, have prevented the Armageddon scenario of $150 oil from happening to date,” the news report quoted Andy Lipow, president of Lipow Oil Associates.
“If we were to get a major hurricane in the Gulf of Mexico that shuts production down for several weeks, that buffer would no longer be there,” Lipow said.
Lipow added that SPR releases may have to slow once the Trump administration finishes releasing the 172 million barrels it pledged to deploy back in March.
Drawdown raises political and operational concerns
The rapid drawdown also marks a political shift. When launching his third run for the White House in 2022, President Donald Trump criticized Biden for draining the reserve ahead of that year’s midterm elections. However, Trump officials are now draining the SPR at a faster pace ahead of this year’s midterms.
Production officials warned that the stockpile faces operational limits if the current trajectory continues.
“The SPR must be at least 20% full to be operational,” warned Mike Sommers, CEO of the American Petroleum Reserve, during an interview last week on CNN’s The Lead. “We’re raising alarm bells right now.”
“We’re getting to levels where we are starting to be concerned,” Sommers added.
Replenishment could take time amid hurricane season risks
The emergency oil released since the conflict with Iran began will require replacement over time. However, the report mentioned that this replenishment will not occur in time for the peak of the hurricane season, leaving the domestic energy supply vulnerable to immediate weather disruptions.
Stock market crash and escape. Stocks market index to change direction. Investment growth. Businessman pulls up the red arrow graph.
| Photo Credit:
Yellow Man
ensex Today, Nifty 50 | Stock Market Live Updates – Find here all the live updates related to Sensex, Nifty, BSE, NSE, share prices and Indian stock markets for 16th June 2026.
Indian stock markets opened higher on Tuesday, extending a two-session rally as optimism over a preliminary US-Iran peace agreement pushed crude oil prices lower and improved investor sentiment.
The benchmark indices started the session in positive territory, with the Sensex rising 296 points to 76,560.37, while the Nifty advanced 75 points to 23,929.55.
The fall in oil prices is positive for India, one of the world’s largest crude importers, as it could ease inflation pressures, support the rupee and improve the trade deficit.
The Nifty 50 has recovered after facing pressure from elevated oil prices and foreign outflows since the Iran conflict began. Recent RBI measures and renewed foreign investor buying have also improved market sentiment.
Analysts said easing geopolitical risks and moderation in selling pressure could support the ongoing market recovery.
Technical pointers for today’s trade
* Short-term trend: Nifty remains in a recovery mode after gaining nearly 3% over the last two sessions, supported by easing crude prices and improved global sentiment.
* Oil impact: Crude oil movement remains the key driver. A sustained decline in crude prices could support rate-sensitive sectors and broader market sentiment.
* FII trend: Foreign portfolio investors turning buyers after 13 consecutive sessions of selling is a positive near-term signal, though the sustainability of inflows remains important.
* Market breadth: Domestic institutional buying and easing geopolitical concerns may continue to support broader participation.
June 16, 2026 09:48
Top losers of Nifty Metal Index: Vedanta Aluminium, Vedanta Oil & Gas, National Aluminium and Hindalco.
June 16, 2026 09:45
Currency market updates: Rupee rises 5 paise to 94.53 against US dollar in early trade
The rupee appreciated 5 paise to 94.53 against the US dollar in early trade on Tuesday, as a sharp decline in oil prices and easing Middle East tensions have shifted the near-term bias in favour of the domestic unit.
Forex traders said the immediate threat to global energy supplies has significantly reduced, following easing of tensions in the Middle East. – PTI
June 16, 2026 09:43
Global news: US factory production flat in May as AI investment supports manufacturing
US manufacturing output unchanged in May amid tariffs, AI spending surge
US factory production stayed flat in May as AI spending supported output, offsetting tariffs and energy shocks, while supply delays worsened in surveys.
June 16, 2026 09:37
Commodities market live: Brent crude edges lower, WTI and MCX crude trade higher in early session
Brent crude oil futures traded marginally lower on Tuesday morning as markets awaited clarity on the US-Iran peace deal.
At 9.35 am on Tuesday, August Brent oil futures were at $83.03, down by 0.17 per cent, and July crude oil futures on WTI (West Texas Intermediate) were at $80.82, UP by 0.09 per cent. June crude oil futures were trading at ₹7637 on Multi Commodity Exchange (MCX) during the initial hour of trading on Tuesday against the previous close of ₹7618, up by 0.25 per cent, and July futures were trading at ₹7547 against the previous close of ₹7522, up by 0.33 per cent.
June 16, 2026 09:35
Share market live: Affle acquires select AdColony assets from Digital Turbine to expand AI platform reach
Affle MEA FZ LLC has entered into a definitive asset purchase agreement with Digital Turbine (NASDAQ: APPS) to acquire select strategic AdColony assets, including its Android and iOS SDK, technology platform, publisher integrations, brand name and related goodwill.
The acquisition is aimed at strengthening Affle’s AI-powered Consumer Platform by expanding its SDK reach and mobile publisher connections globally.
Affle said the move supports its 10X growth strategy by enhancing its technology stack, data capabilities and intellectual property portfolio to drive premium consumer conversions through its CPCU (Cost Per Converted User) model.
NPCIL achieves major milestone at Kudankulam Unit-5 nuclear project
NPCIL installs the reactor pressure vessel at Kudankulam Unit-5, marking a key milestone in India’s nuclear power expansion and clean energy mission.
June 16, 2026 09:32
Share market live: Suven Life Sciences completes Phase-1 trial of CNS drug candidate SUVN-I6107
Suven Life Sciences has announced the successful completion of its Phase-1 first-in-human clinical study of SUVN-I6107, a novel muscarinic M1 positive allosteric modulator (M1-PAM) developed for Central Nervous System (CNS) disorders.
The company said the study demonstrated favourable safety, tolerability, pharmacokinetic and pharmacodynamic profiles, supporting the advancement of SUVN-I6107 into Phase-2 clinical development.
SUVN-I6107 is part of Suven’s pipeline of innovative therapies aimed at addressing unmet needs in CNS-related conditions.
OPENING BELL: Stock market live: Sensex rises 254 points, Nifty up 70 points in early trade
Sensex gained 253.56 pts or 0.33% to trade at 76,517.89 at 9.16 am after opening at 76,526.77 from the previous close of 76,264.33.
Nifty 50 was up by 70.15 pts or 0.29% to 23,924.05.
June 16, 2026 09:17
Stock market live: Bharti Airtel sets up new subsidiary Airtel Global IFSC in GIFT City
Bharti Airtel incorporated a wholly-owned subsidiary in the name and style of “Airtel Global IFSC Limited” in Gujarat International Finance Tec-City (GIFT City), Gujarat, India,
June 16, 2026 09:17
Stock market live: TCS to make $70 million additional provision after US Supreme Court denies DXC Tech petition
TCS on DXC Tech litigation: United States Supreme Court has denied petition for a writ of certiorari to review the judgment of the United States Court of Appeals for the Fifth Circuit on June 15, 2026. The Company has already provided USD150 million in relation to this matter in the books of accounts in accordance with applicable accounting standards and will make necessary provision now for the incremental amount of USD70 million towards damages, interest and legal cost, as a one-time exceptional expense, in Q1 FY2027.
June 16, 2026 09:17
Stock market live: Nifty500 Multicap 50:25:25 outperforms major indices with lower drawdowns
While investor attention remains focused on the Nifty 50 and Nifty 500, the Nifty500 Multicap 50:25:25 TRI has quietly emerged as a standout performer, delivering superior returns with lower drawdowns. This analysis highlights how this underappreciated benchmark has outperformed major indices during recent market volatility and shows how the category has attracted steady inflows through funds such as the Bajaj Finserv Multicap Fund, despite being overshadowed by trendier equity categories.
June 16, 2026 09:16
Stock market live: Oil India signs MoU with CSIR for collaborative research and technology development
Oil India Limited Signs MoU with CSIR for Collaborative Research and Technology Development
June 16, 2026 09:16
Stock market live: Arvind SmartSpaces launches new Rs 180 crore project in South Ahmedabad
Arvind SmartSpaces adds new horizontal development project in Metal, South Ahmedabad with a top-line potential of ~Rs. 180 crore.
June 16, 2026 09:15
Stock market live: Mini Diamonds secures Rs 16.25 crore order for natural diamonds
Mini Diamonds (India) has secured a significant domestic order of Rs 16.25 Crore from a Mumbai based client for supply of cut and polished natural diamonds.
June 16, 2026 09:15
Stock market live: Affle to acquire AdColony assets from Digital Turbine
Affle announced that Affle MEA FZ LLC has entered into a definitive asset purchase agreement with DT (NASDAQ: APPS), formerly Digital Turbine, to acquire select strategic AdColony assets including the AdColony SDK for Android and iOS devices, tech platform, existing integration with in-app publishers and mediation platforms, the brand name, domain and the goodwill exclusively related to the assets.
June 16, 2026 09:13
Commodities update: SGX mulls new coking coal and steel contracts
Singapore Exchange plans to launch new coking coal and steel futures contracts, Tan Tee Yong, its head of commodity derivatives, said on Monday, as the exchange looks to broaden its product offerings, reflecting trade flow changes. – Reuters
June 16, 2026 09:09
Commodities market live: US oil reserve hits 43-year low as emergency releases continue during Iran conflict
US Strategic Petroleum Reserve falls to lowest level since 1983 amid Iran war
US Strategic Petroleum Reserve hits its lowest level since 1983 as emergency oil releases continue amid the Iran conflict and energy supply concerns.
June 16, 2026 09:08
Debt market live: India bonds seen rangebound as focus shifts to US-Iran deal details
India bonds seen rangebound as focus shifts to US-Iran deal details
India’s bond yields are expected to remain stable as markets await details on the US-Iran peace deal and state debt supply.
Rajeev Sharan, Head of Research, Brickwork Ratings
“Talks around a possible US-Iran deal have eased some of the tension in global markets, primarily by lowering the risk premium in crude oil. Brent and WTI have already fallen sharply on hopes of a durable agreement, while global equities have gained on expectations of lower energy costs and improved risk appetite. The rupee has also strengthened modestly, helped by foreign inflows into government bonds after the RBI’s recent measures improved liquidity and investor sentiment. Indian equities have responded positively as softer oil eases pressure on inflation and the external balance, though investors are still cautious about global developments. If diplomatic progress continues, India could benefit from a steadier currency, lower energy import costs, and stronger bond flows, even as the situation remains vulnerable to renewed geopolitical tensions.”
June 16, 2026 08:59
Corporate actions: General Insurance Corporation of India Ltd (GICRE)- Offer for Sale
Issue Period:- 16- June-26 to 17- June-26
For Non- Retail ( QIB +HNI ) open & close date – 16- June -26 (Today)
For Retail open & close date – 17- June -26
Floor Price: Rs. “352.00”
Closing Price on date of announcement: Rs 387.25\u0009
Current Market Price: Rs 385.25
Base Issue size: 3.51 Crs Shares – 2.00% of O/S Capital
Green Shoe Issue size: 5.26 Crs Shares – 3.00% of O/S Capital
Total Issue Size: 8.77 Crs equity shares (Rs. 3,087.74 Cr) – 5.00% of O/s Capital
Non-Retail Portion (QIB + HNI) – 90% of Offer Size – Bidding on 16- June -26 (Today)
Total Issue Size: 7.89 Crs shares (Rs. 2,778.97 Cr)
Retail Portion – 10% of Offer Size – Bidding on 17- June -26
Total Issue Size: 0.88 Crs equity shares (Rs. 308.77 Cr)
Note : Upto Rs 2 lacs bids are classified as Retail and above non retail ( QIB + HNI )
June 16, 2026 08:59
Share market live: Cyient Ltd : Buyback of shares_Record date tomorrow
Buyback Price : Rs 1,125.00/-
CMP : Rs 900.00/-
Buyback Size (in Rs) : 720.00 Crore
Buyback Size (in Shares) : 64,00,000 equity shares(representing 5.76% of total paid up Equity Share Capital)
Tender Route
Retail Quota: 9,60,000 equity shares
Last cum date: Tuesday, 16 June 2026 (Today)
Record date: Wednesday, 17 June 2026
June 16, 2026 08:58
Share market live: These 12 Stocks Closed at Fresh All-Time Highs on June 15
💥Paras Defence
💥Apar Industries
💥SJS Enterprises
💥Sudeep Pharma
💥Venus Remedies
💥Belrise Industries
💥Aeroflex Industries
💥Kernex Microsystems
💥Garware Hi-tech Films
💥Adity Birla Sun Life AMC
💥Syrma SGS Technologies
💥Diamond Power Infrastructure
June 16, 2026 08:55
Stock Market Live: J.P. Morgan raises L&T target as West Asia deal lifts outlook
Stock Market Live: Equity markets surge as crude prices fall and rupee strengthens
Ankur Punj, MD & Business Head at Equirus Wealth
Equity markets worldover, including India, received a major boost amid talks of a likely end to the US and Iran conflict which culminated in a further drop in international crude oil prices. Local investors cheered the sharp fall in crude prices and the rupee’s recovery against the dollar resulting in renewed optimism in equity assets. Investors are hoping that FIIs will soon return to India’s equity markets amid positive signals of a likely end to the war and receding oil prices.
June 16, 2026 08:49
Share market live: TCS to make additional $70 million provision in DXC Technology case
Tata Consultancy Services (TCS) has informed the stock exchanges that the United States Supreme Court has denied its petition seeking review of a judgment related to a suit filed by Computer Sciences Corporation/DXC Technology Company.
The company said it will make an additional provision of $70 million towards damages, interest and legal costs as a one-time exceptional expense in the first quarter of FY2027.
TCS had earlier provided $150 million in its books of accounts for the matter in accordance with applicable accounting standards. The disclosure follows the Supreme Court’s decision on June 15, 2026, regarding the judgment of the US Court of Appeals for the Fifth Circuit.
June 16, 2026 08:41
India hikes windfall tax on diesel and ATF exports, petrol levy unchanged
India hikes windfall tax on diesel and ATF exports, petrol levy unchanged
India raises windfall tax on diesel and ATF exports from June 16, while petrol levy stays unchanged, aiming to ensure fuel availability amid global tensions.
June 16, 2026 08:40
WATCH: Today’s stock recommendation
June 16, 2026 08:38
Stock market live: India and Slovakia strengthen defence, cybersecurity and connectivity cooperation
India and Slovakia strengthen defence and cybersecurity cooperation
India and Slovakia expand strategic ties with defence, cybersecurity and connectivity cooperation, including a pact for joint defence development.
June 16, 2026 08:31
Share market live today: India, Slovakia deepen ties with agreements on jobs, education and technology
India and Slovakia sign MoUs on education, research and talent mobility
India and Slovakia sign MoUs on labour mobility, higher education, research and culture to strengthen professional exchanges and bilateral cooperation.
June 16, 2026 08:26
Share market updates: Ashok Leyland signs MoU for old truck and bus replacement scheme in Delhi-NCR, offers 8% discount
Ashok Leyland signs MoU for Delhi-NCR truck and bus replacement scheme, to offer 8% discount
Ashok Leyland and Switch Mobility offer 8% discount under Delhi-NCR truck replacement scheme with govt incentives to boost clean mobility adoption.
June 16, 2026 08:24
Share market live: Oil India signs MoU with CSIR to boost energy research and innovation
Oil India Limited (OIL) has signed a Memorandum of Understanding (MoU) with the Council of Scientific and Industrial Research (CSIR) to strengthen collaboration in research, innovation and technology development in the energy sector.
The partnership aims to develop advanced solutions across upstream and downstream oil and gas operations, hydrocarbon reservoir optimisation, enhanced oil recovery (EOR), renewable energy, sustainable energy practices and critical minerals.
June 16, 2026 08:23
Corporate News: Arvind SmartSpaces adds ₹180 crore residential project in South Ahmedabad
Arvind SmartSpaces Limited (ASL) has announced a new residential horizontal development project on Kerala-Nalsarovar Road in South Ahmedabad. The Joint Development project is spread across 58.25 acres with a saleable area of 2.5 million sq. ft. and an estimated top-line potential of around ₹180 crore.
The company said South Ahmedabad has emerged as a promising micro-market for plotted developments and weekend homes, supported by rising demand and improving infrastructure connectivity.
June 16, 2026 08:08
US Supreme Court rejects TCS appeal in $168 million trade secrets case
US Supreme Court rejects Tata Consultancy Services appeal in $168 million trade secrets case
US Supreme Court declines TCS appeal in $168 million DXC trade secrets case over life-insurance software dispute, upholding lower court ruling.
June 16, 2026 07:57
Commodities insight: Iran war: Just an energy shock or a turning point for global markets?
Iran war: Just an energy shock or a turning point for global markets?
The Iran conflict disrupted oil and LNG supplies, but it may also accelerate EV adoption, renewable energy growth and changes in global fuel demand.
June 16, 2026 07:43
Commodities update: India’s silver imports plunge 87% in May after curbs on shipments
India’s silver imports plunge 87% in May after government curbs
India’s silver imports fell 87% in May to a 3-year low after curbs and duty hikes, hitting volumes and potentially impacting global silver prices.
June 16, 2026 07:31
Global market updates: South Korean shares extend gains on US-Iran deal
South Korean shares extended gains on Tuesday, tracking an overnight rally on Wall Street on the U.S.-Iran peace deal.
The benchmark KOSPI was up 64.66 points, or 0.76%, at 8,610.64, as of 0120 GMT, after rising more than 2% earlier in the session. On Monday, it climbed 5.2%. – Reuters
June 16, 2026 07:31
AI memory boom pushes up costs for India’s electric vehicle industry
AI memory price surge raises costs for India’s electric vehicle industry
AI-driven memory demand is pushing up RAM and semiconductor costs, creating fresh supply chain challenges for India’s electric vehicle manufacturers.
June 16, 2026 07:29
Sectoral updates: AI memory boom pushes up costs for India’s electric vehicle industry
June 16, 2026 07:25
Stock market live: Armenia to procure oncology drugs from India under national healthcare scheme
Armenia healthcare scheme opens oncology drug export opportunities for Indian pharma companies
Armenia’s universal healthcare scheme opens new export opportunities for Indian pharma firms, especially oncology drug makers, with government support.
June 16, 2026 07:24
Share market updates: Siemens secures order from Titagarh Rail Systems for Pune Metro extension project
Siemens secures supply order from Titagarh Rail Systems for Pune Metro extension project
Siemens wins order from Titagarh Rail Systems to supply propulsion and TCMS systems for 12 trainsets in Pune Metro extension project, boosting indigenisation.
June 16, 2026 07:24
Share market updates: IndiGo tweaks business class offering to lure flyers
IndiGo tweaks business class offering to lure flyers
IndiGo enhances its business class, ‘Indigo Stretch,’ with priority baggage and improved meals to attract more travelers.
June 16, 2026 07:17
Global updates: Bank of Japan set to raise rates to 31-year high, signals further increases
Bank of Japan set to raise interest rates to 31-year high amid inflation risks
Bank of Japan is expected to raise rates to 1% as inflation, weak yen and energy costs push the central bank towards tighter monetary policy.
June 16, 2026 07:10
Commodities update: Oil rebounds on concerns about US-Iran peace deal, restoration of supply
Oil prices rebounded on Tuesday on concerns about the lack of details in a preliminary agreement ending the war between the U.S. and Iran and the realization the resumption of supply through the key Strait of Hormuz may take longer than thought.
Brent crude futures gained 26 cents, or 0.3%, to $83.42 a barrel and U.S. West Texas Intermediate rose to $81.12 a barrel, up 46 cents, or 0.3%, as of 0108 GMT.
On Monday, oil prices fell by nearly 5% to their lowest close since March 4 after U.S. President Donald Trump said a memorandum of understanding was signed to end the U.S.-Israeli war with Iran, which had closed the Strait of Hormuz that typically carried one-fifth of the world’s oil supply before the conflict and caused about 14 million barrels per day of output to be shut in. – Reuters
June 16, 2026 07:09
Global market updates: Wall Street rallies, Dow ends with record on US-Iran deal, oil price slide
* CBOE Volatility Index falls to over one-week low
– Reuters
June 16, 2026 07:08
Commodities update: Gold steady as investors await details of US-Iran peace deal
Gold prices were largely steady on Tuesday after rising to a more than one-week high in the previous session, as investors awaited further details on the U.S.-Iran peace deal.
* Spot gold was up 0.1% at $4,311.36 per ounce, as of 0049 GMT, after rising over 2% on Monday to hit its highest level since June 5 – Reuters
June 16, 2026 07:07
Iran war latest: US-Iran deal signed, text to be released after Friday signing: Trump
US-Iran deal signed, text to be released after Friday signing, says Trump
Trump says Iran deal is signed and Strait of Hormuz will reopen soon, with text release expected after Friday signing and sanctions tied to Iran’s actions.
June 16, 2026 06:52
Day Trading Guide for June 16, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide for June 12, 2026: Intraday supports, resistances for Nifty50 stocks
Day Trading Guide gives you the key intraday supports and resistances to watch out for on the Nifty Futures and other widely traded stocks such as Reliance Industries, Infosys, HDFC Bank, TCS, SBI.
June 16, 2026 06:47
Natural gas futures: Support under test
Natural gas futures: Support under test
Traders can go short on a breach of ₹286
June 16, 2026 06:41
Stock to buy today: Elecon Engineering Company (₹559.90) – BUY
Stock to buy today: Elecon Engineering Company (₹559.90) – BUY
Short-term supports are at ₹545 and ₹520. Elecon Engineering Company share price can rise to ₹625 in the coming weeks
The Iran war’s
disruption to global crude oil and LNG markets is already being
measured in lost barrels and higher prices. Now, with a
U.S.-Iran peace deal expected to reopen the Strait of Hormuz,
the reckoning begins: was this a watershed moment, or merely
another blip?
Consider two precedents.
The Volkswagen “Dieselgate” scandal over rigged
emissions tests in 2015 seemed innocuous at first, but signalled
the demise of diesel passenger cars and the rise of electric
vehicles (EVs).
By contrast, Russia’s 2022 invasion of Ukraine caused a
dramatic surge in energy prices, yet the market’s ability to
reroute flows and absorb the shock meant the impact proved
short-lived.
Certainly, the market has so far worked its magic in dealing
with the effective closure of the Strait of Hormuz since the
U.S.-Israeli attacks on Iran began on February 28.
At least 1 billion barrels of crude oil and refined products
have been lost from Middle East producers such as Iraq, Kuwait,
the United Arab Emirates and Iran itself.
As much as 20% of global liquefied natural gas supply is
also trapped in the narrow waterway between Iran and Oman.
A combination of strategic and commercial inventory releases
and a dramatic reduction in imports by China, the world’s
biggest crude importer, has helped keep benchmark Brent crude
futures under $100 a barrel for much of the current
crisis.
It could also be argued that optimism about a deal to reopen
the Strait has played its part, with traders seemingly willing
to believe President Donald Trump’s numerous social media posts
that an agreement was imminent.
That long-awaited deal began to materialise on Sunday when
the U.S. and Iran announced they had agreed on a framework that
could allow vessels to resume transit. By Monday, Trump said oil
tankers were starting to move out of the Strait.
While full details of the agreement have yet to be publicly
revealed, the prospect of tankers soon entering and exiting the
waterway without hindrance raises the question of what happens
next.
The first effect would be a short-term sugar hit of relief
for energy markets as tankers trapped in the Gulf exit and
deliver cargoes.
This would be followed by efforts to restore flows and
supply chains to pre-war levels, and by the longer process of
rebuilding depleted inventories.
This could mean crude oil and LNG prices stay higher for
longer as the lost barrels are replaced, but much will depend on
how rapidly Middle East producers are able to ramp up output and
exports, and whether the OPEC+ group is actually able to pump
the higher volumes it has agreed to produce.
BEHAVIOUR CHANGES?
But the bigger question is what the long-term impact will
be.
Much will depend on the view taken by both consumers and
governments, especially in energy-hungry Asia, the
fastest-growing region.
Consumers who have the ability to change are likely to
consider switching to electric or hybrid vehicles to insulate
themselves from future diesel and gasoline price shocks.
An early snapshot of how this may look is provided by
Australia, the world’s biggest importer of diesel and a country
reliant on overseas refineries for over 80% of its fuel
requirements.
Australian EV sales hit a record high in May, with a market
share of 20%, and when combined with hybrid vehicles, the share
climbed to 46%.
This is approaching levels in China, the leading EV
manufacturer, where EVs and hybrids accounted for more than 50%
of sales in 2025, and rose to 60% in May this year.
Government policies are also likely to shift in favour of
boosting renewables and electrification over fossil fuels.
Dieselgate saw the motor fuel fall out of favour, especially
in Europe, where its share of passenger car sales dropped from
around 52% in 2015 to under 10% by 2025.
Asian countries such as Vietnam are already putting in place
policies to encourage EVs and electric scooters, and that
momentum is likely to grow across the region.
LNG is also at risk in Asia as countries weigh the security
risks of an imported fossil fuel against buying solar panels,
wind turbines and battery storage from China, or developing
domestic industries with Chinese backing.
One fossil fuel that may emerge as a long-term winner from
the current crisis is coal.
Countries with vast domestic reserves, such as China, India
and Indonesia, will be tempted to keep using the fuel given its
cost advantage and supply security, even if it makes reducing
carbon emissions more challenging.
Importing countries may also deem coal a safer bet, given
that the major exporters – Indonesia, Australia and South Africa
– have traditionally been reliable suppliers and that shipments
aren’t at risk from chokepoints like the Strait of Hormuz.
However, a long-term shift away from crude oil and LNG isn’t
assured, as producers and exporters of these fuels are unlikely
to take their demise lying down.
Getting people to forget the last crisis may be as simple as
ensuring prices drop rapidly and stay low for an extended
period. The early market reaction -with Brent tumbling 4% to $83
on the deal announcement – suggests that process may already be
underway.
If diesel and gasoline vehicles are cheap to refuel and LNG
can compete with coal and renewables, it’s possible that
governments and consumers will forgive and forget the disruption
and costs of the Iran war, much as they did after previous
conflict-induced price spikes.
(Written by Clyde Russell. The views expressed here are those of the author, a columnist for Reuters.)
