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Stock markets open lower amid surging oil prices, foreign fund outflows

Mumbai, Apr 28 (PTI) Stock market benchmark indices Sensex and Nifty drifted lower in opening trade on Tuesday as surging oil prices and foreign fund outflows unnerved investors. The 30-share BSE Sensex declined 208.84 points to 77,094.79 in opening trade. The 50-share NSE Nifty dipped 42.8 points to 24,049.90. From the 30-Sensex firms, State Bank of India, Eternal, UltraTech Cement, InterGlobe Aviation, Trent and Axis Bank were among the biggest laggards. Tata Steel, Bajaj Finance, Kotak Mahindra Bank and Bharat Electronics were among the gainers. Brent crude, the global oil benchmark, traded 0.99 per cent higher at USD 109.3 per

Silver rebounds Rs 3,500, gold gains Rs 200 in Delhi

New Delhi, Apr 27 (PTI) Silver prices rebounded by Rs 3,500 to Rs 2.50 lakh per kg in the national capital on Monday, while gold edged higher to Rs 1.56 lakh per 10 grams amid fresh buying by jewellers and retailers. The white metal had closed at Rs 2,47,000 per kg in the previous session. According to the All India Sarafa Association, gold of 99.9 per cent purity gained Rs 200 to Rs 1,56,100 per 10 grams (inclusive of all taxes). “Gold traded steady on Monday, holding within the previous session’s range as markets navigated mixed global cues,” Saumil Gandhi,

India names Modi party colleague envoy to Bangladesh as ties thaw

NEW DELHI, April 27 (Reuters) – India named veteran politician Dinesh Trivedi as its next high commissioner to Bangladesh on Monday, in a ​rare appointment of a non IFS officer (non–foreign service officer) as New Delhi ‌seeks to reset ties with its eastern neighbour. Ties between the countries soured after a popular uprising forced Bangladesh’s long‑serving Prime Minister Sheikh Hasina to ​flee to New Delhi in 2024, where she remains. ​Trivedi’s appointment highlights India’s push to rebuild trust with ⁠Bangladesh as it faces stiff competition from China for influence and ​business. Trivedi, 75, a former railways and health minister, joined

Oil up almost 3% as US-Iran peace talks stall

LONDON, April 27 (Reuters) – Oil prices jumped almost ‌3% on Monday as peace talks between the U.S. and Iran stalled and shipments through the Strait of Hormuz remained limited, keeping global oil supplies tight. The Brent crude benchmark rose $3, or about 2.9%, ​to $108.36 a barrel by 0828 GMT, its highest in three weeks. U.S. West ​Texas Intermediate was up $2.45, or 2.6%, at $96.85. Brent and WTI gained nearly ⁠17% and 13% respectively last week for their biggest weekly gains since the start ​of the war. Hopes of reviving peace efforts receded over the weekend when U.S.

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