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Rising oil prices and West Asian tensions are creating market volatility, with investors watching energy flows and geopolitical strategy. Market expert Anurag Singh believes the US and Israel aim to dismantle Iran's capabilities and secure the Strait of Hormuz. Equity markets have priced in weaker earnings, but emergency oil releases offer a temporary reprieve.
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Jefferies has cut its target price on Bharti Airtel to Rs 2,250 from Rs 2,575, citing a potential delay in the Reliance Jio IPO and concerns over Bhartis entry into the NBFC business. The brokerage expects tariff hikes to be pushed to December 2026 but maintains a Buy rating, saying the stock still offers favourable risk-reward.
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News and Media
The Indian rupee depreciated by 31 paise to 92.32 against the US dollar on Thursday, driven by FII outflows, rising crude oil prices, and a stronger greenback amid ongoing West Asian conflict. Domestic equity markets also opened weak, further pressuring the local currency.
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