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The week started on a positive note for the Indian stock market. The BSE Sensex saw a slight gain in the pre-opening session on Monday. The Sensex rose 157.98 points, or 0.22 percent, to reach 73,477.53. This surge reflects positive investor sentiment and the impact of global cues.
The market witnessed a buying spree during the pre-opening session, leading to a gain in the Sensex. According to experts, the market started positively due to mixed but stable signals from global markets and participation from domestic investors.
Brent crude prices have reached around $109 per barrel in the international market. The Iran-US tensions pose a threat to global supply, particularly raising concerns about the Strait of Hormuz. Despite this, state-owned companies like Indian Oil, BPCL, and HPCL have not made any changes to the prices of standard petrol and diesel, providing relief to the common man.
While standard fuel prices remain stable, premium fuel users have been hit hard. Indian Oil has increased the price of its 100-octane petrol 'XP100' by ₹11 to ₹160 per liter. Additionally, the price of 'Xtra Green' diesel has also risen to ₹92.99 per liter. This will increase the cost for luxury car and superbike owners.
Tensions between the United States and Iran continue to escalate. The situation has become so serious that the entire world is watching the conflict. Meanwhile, US President Donald Trump has issued a major statement regarding Iran, further increasing international concern. Trump has extended the deadline given to Iran once again and issued a stern warning.
Donald Trump posted on his social media platform, Truth Social, he wrote, "Tuesday, 8 p.m. (Eastern Time)!" This statement is being seen as a final warning to Iran. Previously, Trump had issued a 48-hour ultimatum to Iran, but this deadline was subsequently extended several times. Now, it has been extended until the night of April 8th.
The month of April has brought a varied weather to North India this year. While the heat hasn't fully intensified, rain, thunderstorms, and hailstorms have worsened the situation in many states. This weather is proving particularly detrimental for farmers. The Meteorological Department has issued a warning of rain and hailstorms for the next few days in several states, including Rajasthan, Delhi-NCR, Haryana, Punjab, Uttarakhand, and Jammu and Kashmir.
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