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US stock market today (April 6, 2026): S&P 500 steady, Dow dips; oil swings on Iran war uncertainty


US stock market today (April 6, 2026): S&P 500 steady, Dow dips; oil swings on Iran war uncertainty

US stock markets showed tentative moves on Monday, with the S&P 500 inching higher while the Dow Jones Industrial Average slipped, as oil prices remained volatile ahead of President Donald Trump’s deadline on Iran, AP reported.The S&P 500 rose 0.1% in early trading, coming off its first weekly gain in six weeks. The Dow Jones Industrial Average fell 107 points, while the Nasdaq Composite advanced 0.4%.Oil prices fluctuated between gains and losses amid uncertainty over the Iran conflict and its impact on global energy supplies.Trading remained subdued as geopolitical tensions escalated, with Israel and the United States carrying out strikes in Iran that reportedly killed 25 people ahead of Trump’s deadline for Tehran to reopen the Strait of Hormuz.Futures markets reflected cautious sentiment, with S&P 500 futures up 0.1%, Dow futures down 0.2% and Nasdaq futures gaining 0.3%.Iran’s South Pars natural gas field was among the targets hit, while Tehran responded with missile attacks on Israel and Gulf Arab neighbours. Mediators from Egypt, Pakistan and Turkey have proposed a 45-day ceasefire and reopening of the Strait of Hormuz, though both Iran and the US are yet to respond.Trump, whose deadline expires Monday night Washington time, warned that if no agreement is reached, the US would target Iran’s power plants and infrastructure.“Tuesday will be Power Plant Day, and Bridge Day, all wrapped up in one, in Iran,” he said in a social media post, adding that failure to reopen the strait would leave Iran “living in Hell.”Despite the escalation, oil prices eased slightly. Benchmark US crude fell $1.40 to $110.14 per barrel, while Brent crude declined 45 cents to $108.58 per barrel. Prices, however, remain sharply elevated, with US crude up over 60% and Brent up nearly 50% since the conflict began five weeks ago.Global markets showed mixed trends. Japan’s Nikkei 225 rose 0.6% and South Korea’s Kospi gained 1.4%, while markets in Australia, Hong Kong, Shanghai and parts of Europe remained closed due to holidays.The US relies on the Persian Gulf for only a fraction of its oil imports, but global pricing dynamics mean disruptions in the Strait of Hormuz affect markets worldwide. Countries like Japan remain heavily dependent on the route, prompting efforts to secure alternative supply lines.Japan has begun releasing reserves and exploring alternate routes, while South Korea plans to deploy at least five ships to Saudi Arabia to establish new oil transport corridors.“As we kick off the first full trading week of April, the word uncertainty is paramount. Last year it was centered on the impact of ‘Liberation Day’ tariffs, this year it’s uncertainty surrounding the ongoing Iranian War,” said Jay Woods, analyst at Freedom Capital Markets in New York.



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Hormuz transit update: 2 Indian LPG tankers cross strait; 16 vessels remain stranded in Gulf


Hormuz transit update: 2 Indian LPG tankers cross strait; 16 vessels remain stranded in Gulf

Two more Indian-flagged LPG tankers have safely crossed the conflict-hit Strait of Hormuz and are headed towards Indian ports, even as 16 vessels remain stranded in the Persian Gulf, officials said on Monday, according to PTI.LPG vessel Green Sanvi, carrying 46,650 tonnes of cargo, is scheduled to reach an Indian port on April 7, while Green Asha, with 15,500 tonnes, is expected to arrive on April 9, Mukesh Mangal, Additional Secretary in the Ministry of Ports, Shipping & Waterways, said at a briefing.

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“Indian maritime operations remain safe and uninterrupted amid West Asia crisis. 16 Indian-flagged vessels with 433 seafarers are in the region; two LPG carriers, Green Sanvi and Green Asha, safely crossed Strait of Hormuz,” he said.With the latest movement, eight Indian-flagged LPG tankers have now transited through the strategic waterway, which has remained largely disrupted since the US and Israel launched strikes on Iran on February 28, followed by Tehran’s retaliation.Of the 16 vessels still in the Persian Gulf, one is a loaded LNG carrier, two are LPG tankers (one loaded, one empty), six are crude carriers (five loaded, one empty), three are container ships, one is a dredger, one carries chemical cargo and two are bulk carriers, Mangal said.On reports of Iran charging transit fees, he said, “we have no information of such payments.”The arrivals are expected to ease India’s LPG supply concerns, as the country depends on imports for about 60% of its cooking gas needs. Of the 33.15 million tonnes of LPG consumed last year, nearly 90% of imports came from West Asia.Shipping through the Strait of Hormuz — a key route for global oil and gas flows — has been severely affected since the conflict escalated, although Iran has indicated that “non-hostile vessels” may pass after coordination with its authorities.Last week, two LPG carriers, BW TYR and BW ELM, carrying around 94,000 tonnes of LPG, safely crossed the region. BW TYR reached Mumbai on March 31, while BW ELM docked at New Mangalore on April 1.Earlier, four Indian-flagged LPG tankers–Pine Gas, Jag Vasant, MT Shivalik and MT Nanda Devi–had also completed safe passage, delivering over 1.85 lakh tonnes of LPG to Indian ports in March.At the start of the conflict, 28 Indian-flagged vessels were in the Strait of Hormuz region. So far, 10 vessels–eight from the western side and two from the eastern side–have managed to transit safely.In addition, oil tanker Jag Laadki, carrying 80,886 tonnes of crude from the UAE, reached Mundra on March 18, while Jag Prakash, transporting gasoline from Oman to Africa, also crossed the strait earlier and is currently en route to Tanzania.



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Will Hardik Pandya play in MI vs RR match? Coach reveals allrounder’s ‘injury’ status | Cricket News


Will Hardik Pandya play in MI vs RR match? Coach reveals allrounder’s 'injury' status

NEW DELHI: In a big boost for the Mumbai Indians, their captain Hardik Pandya will be available for the IPL 2026 clash against the Rajasthan Royals at the ACA Stadium in Barsapara, Guwahati, the franchise’s bowling coach Paras Mhambrey confirmed on Monday.“He will be available, he had a good couple of hours of net session yesterday. He is fit and fine. Just to clarify, Hardik wasn’t injured, he was unwell, that’s why he missed the game,” Mambrey said in the pre-match press conference.Pandya, a key figure in the side, missed MI’s previous outing due to illness, and his absence proved costly in their six-wicket defeat to Delhi Capitals on Saturday.While India T20I skipper Suryakumar Yadav stepped in to lead and ensured continuity, the five-time IPL champions missed Pandya’s all-round abilities on a tacky surface.His absence also forced a rejig in the combination. Deepak Chahar, drafted in for the game, delivered a tidy spell, but the decision to bring in pace all-rounder Corbin Bosch in place of seasoned left-arm pacer Trent Boult backfired, with the South African leaking runs.Despite picking two wickets early in the second essay, MI couldn’t prevent DC from chasing down the 163-run target with eleven balls and six wickets to spare.Shardul Thakur, who starred with the ball in their opening game, was expensive in the last outing, while the ever-reliable Jasprit Bumrah has been economical but is yet to open his account this season.In the spin department, Mitchell Santner justified his selection ahead of Afghan mystery spinner Allah Ghazanfar and is likely to retain his place.The MI bowlers, however, will need to raise their game against a Rajasthan top order that has been in excellent form so far.RR openers Yashasvi Jaiswal and teenage sensation Vaibhav Sooryavanshi have provided explosive starts, with Dhruv Jurel then building on the momentum.New skipper Riyan Parag is yet to make a significant contribution with the bat but will take confidence from his leadership, particularly his tactical decisions at the death that guided the Royals to a thrilling win over the Gujarat Titans.Among the bowlers, Tushar Deshpande and Ravi Bishnoi have been impressive.Bishnoi has emerged as the joint leading wicket-taker with five scalps from two matches, marking a strong turnaround after a challenging 2025 season following which he worked on multiple aspects of his game.Deshpande, meanwhile, showcased his death-bowling skills by successfully defending 10 runs in the final over against the Titans, conceding just four with a series of pinpoint yorkers.With Mumbai, currently sixth on the points table, seeking to bounce back and second placed Rajasthan riding a wave of confidence, the contest’s result could hinge on how effectively MI’s bowlers handle the Royals’ in-form top order.



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‘India’s debt-to-GDP ratio lowest among major economies’: FM Sitharaman sees fiscal space, hints at rate cut


'India’s debt-to-GDP ratio lowest among major economies': FM Sitharaman sees fiscal space, hints at rate cut

Finance Minister Nirmala Sitharaman on Monday said India stands out in debt management among major economies, with an overall debt-to-GDP ratio of about 81%, even as the global economy faces rising volatility and uncertainty, PTI reported.Speaking at an event organised by the National Institute of Public Finance and Policy (NIPFP), Sitharaman warned that the ongoing Middle East conflict has evolved into a “systemic tremor threatening vital arteries of global energy”.She said the global economic environment is increasingly marked by volatility, uncertainty, complexity and ambiguity, alongside a sharp surge in public debt across countries.“World economy witnessing volatility, uncertainty, complexity, and ambiguity; global public debt has surged,” the finance minister said.On India’s fiscal position, Sitharaman noted that the country remains relatively well-placed compared to other major economies in terms of debt sustainability.“India stands out in debt management with overall debt-to-GDP ratio at 81 per cent, lowest among major economies,” she said.The finance minister also said India has sufficient fiscal space to respond to emerging challenges.“India has fiscal space; there’s room to support affected sectors, expand capex, and interest rate cut by RBI,” she said.Sitharaman underlined that geopolitical tensions, particularly in West Asia, are not just regional disruptions but have wider implications for global energy supply chains and economic stability.“Middle East conflict evolved into systemic tremor threatening vital arteries of global energy,” she said.Her remarks come at a time when global markets are grappling with elevated crude oil prices, supply chain disruptions and tightening financial conditions driven by geopolitical conflicts.

MPC meet begins amid inflation concerns

The Reserve Bank’s rate-setting panel on Monday began its three-day deliberations for the first bi-monthly monetary policy of the fiscal, with expectations of a status quo on the benchmark lending rate amid concerns of a potential spike in inflation due to the ongoing Middle East crisis.The outcome of the six-member Monetary Policy Committee (MPC), headed by RBI Governor Sanjay Malhotra, is scheduled to be announced on Wednesday.The RBI has reduced the policy rate by a cumulative 125 basis points since February 2025, marking its most aggressive easing cycle since 2019. The last cut of 25 basis points came in December, while the central bank maintained a pause in its February policy.Experts said the MPC will factor in geopolitical tensions in Middle East, volatility in commodity prices and sharp currency movements, which have impacted the rupee.While retail inflation has moved closer to the RBI’s medium-term target of 4%, the recent surge in global crude oil prices has raised concerns about second-round effects on domestic prices, especially fuel, transportation and core inflation.Estimates suggest that every $10 per barrel increase in crude prices can push inflation higher by up to 0.60%. Crude, which had hovered around $60 per barrel for an extended period, has risen above $100 since the conflict began in late February.The rupee has also depreciated by over 4% since the start of the war, adding to imported inflation pressures.

Inflation targeting framework

The government has mandated the RBI to maintain retail inflation at 4%, with a tolerance band of +/-2%, for another five-year period ending March 2031.India adopted the inflation-targeting framework in 2016, with the MPC tasked to maintain annual inflation at 4% within a band of 2% to 6%. The framework has continued since then. As per the latest data, retail inflation rose to 3.21% in February from 2.74% in January.



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Ipl Ticket Scam: IPL craze costs techie Rs 1.46 lakh in fake RCB vs CSK ticket scam | Cricket News


IPL craze costs techie Rs 1.46 lakh in fake RCB vs CSK ticket scam
Image credit: AI generated pic

NEW DELHI: IPL comes and the demand for tickets and passes go soaring up by the fans. The desperation to get inside the stadium to watch their favourite teams in action in the IPL go high and high. When the tickets get sold out, the demand gets too hig, and the cricket fans even ask for tickets in black. But for a 25-year-old techie the craze for IPL tickets for RCB vs CSK turned too costly and he was duped for a massive Rs. 1.46 lakh. The techie, a resident of B Narayanapura, fell into a trap by a post posted by a fraudster who posed himself as a ticket seller on Instagram.As per a report in Deccan Herald, the techie alleged in a complaint to Mahadevapura Police that an individual claiming to be Sumit Biswal promised he could arrange IPL tickets along with food coupons. As per the techie, Biswal was introduced him as a senior supervisor for ticket counter at M Chinnaswamy Stadium

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“He asked me to come near the stadium gate number 10, saying someone would deliver the tickets within minutes, and even sent an email confirmation to gain my trust,” the complainant told Deccan Herald. “Initially, I agreed to buy two tickets for Rs 3,700 each,but he kept asking for more money under various pretexts such as refundable security deposits, additional ID cards and food coupons. Trusting him, I made multiple payments – even using my mother’s bank account after exhausting my own limits—and ended up transferring around Rs 1.46 lakh,” he added.RCB register their second winBhuvneshwar Kumar’s incisive spell of 3-41, coming after a marauding batting show from Tim David, Rajat Patidar and Devdutt Padikkal, propelled Royal Challengers Bengaluru (RCB) to a commanding 43-run victory over Chennai Super Kings (CSK) in their IPL 2026 encounter at the M Chinnaswamy Stadium on Sunday.The contest saw RCB’s batting unit dismantle CSK’s attack with relentless hitting, as David’s 70 not out off just 25 balls and Patidar’s unbeaten 48 off only 19 balls provided for the late fireworks after Padikkal’s fluent 50 off 29 balls had set the tone for the daunting total.Their combined effort lifted RCB to a daunting 250/3, thus setting a new record for highest total in IPL 2026. In reply, CSK faltered under scoreboard pressure, with Sarfaraz Khan’s 50 off 24 balls and Prashant Veer’s 43 the lone acts of resistance amid a string of failures from the top order.Bhuvneshwar was at his disciplined best and even crossed the 200-mark in terms of wickets in IPL, with others also chipping in as CSK were bowled out for 207 in 19.4 overs. The comprehensive win also meant RCB have registered four consecutive triumphs over CSK for the first time in the IPL’s history.



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Iran war risk: JPMorgan CEO Jamie Dimon warns of oil shocks, sticky inflation and higher interest rates


Iran war risk: JPMorgan CEO Jamie Dimon warns of oil shocks, sticky inflation and higher interest rates

JPMorgan Chase CEO Jamie Dimon has warned that the ongoing war in Iran could trigger oil and commodity price shocks, keeping inflation elevated and pushing interest rates higher than current market expectations, Reuters reported.The warning came in his annual letter to shareholders, a day after US President Donald Trump escalated pressure on Iran by threatening to target key infrastructure if the Strait of Hormuz is not reopened.“Now, because of the war in Iran, we additionally face the potential for significant ongoing oil and commodity price shocks, along with the reshaping of global supply chains, which may lead to stickier inflation and ultimately higher interest rates than markets currently expect,” Dimon said, news agency Reuters quoted as saying. Dimon, who has led JPMorgan for two decades, also highlighted broader geopolitical risks, including the war in Ukraine, tensions in the Middle East and friction with China.“The challenges we all face are significant,” he added.He said it remains uncertain whether the Iran war will achieve US objectives, while warning that nuclear proliferation remains the biggest risk linked to Iran.Markets have already begun pricing in these risks, with expectations of interest rate cuts this year largely fading amid rising inflation concerns triggered by the conflict.Last week, the benchmark S&P 500 index recorded its worst quarterly performance since 2022, weighed down by rising energy prices and geopolitical uncertainty since late February.Dimon noted that the US economy remains resilient, with consumers continuing to earn and spend, and businesses staying broadly healthy, though signs of weakening have emerged.He cautioned that economic strength has been supported by significant government deficit spending and past stimulus, while infrastructure investment needs continue to grow.At the same time, he pointed to positives such as fiscal stimulus under President Trump’s “Big, Beautiful Bill”, deregulation policies and rising capital expenditure driven by artificial intelligence.On financial stability, Dimon said the $1.8-trillion private credit market “probably” does not pose a systemic risk, despite investor concerns and recent withdrawals from such funds.However, he warned that in a downturn, losses across leveraged lending could exceed expectations as credit standards have weakened.Private credit markets also lack transparency and rigorous valuation benchmarks, increasing the risk of investor exits if conditions worsen, he said.Separately, Dimon criticised revised US capital rules, including Basel III and GSIB surcharge norms, calling aspects of the proposals “nonsensical” and “very flawed”.He said JPMorgan’s GSIB surcharge would fall only to 5.0%, a level he described as “absurd” and “un-American”, arguing it penalises the bank’s scale and performance.



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Stock market today (April 6, 2026): Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list


Stock market today (April 6, 2026): Which are the top gainers and losers in BSE Sensex and Nifty50 today? Check list

Benchmark indices Sensex and Nifty staged a sharp rebound on Monday after early losses, supported by a correction in crude oil prices and strong buying in banking stocks.The 30-share BSE Sensex jumped 787.30 points, or 1.07%, to settle at 74,106.85. During the session, it climbed as much as 887.91 points, or 1.21%, to 74,207.46.The 50-share NSE Nifty advanced 255.15 points, or 1.12%, to close at 22,968.25, nearing the 23,000 mark.

Nifty50 top gainers

  • Trent (7.98%)
  • Shriram Finance (4.09%)
  • Axis Bank (3.96%)
  • Adani Enterprises (3.71%)
  • Titan Company (3.64%)
  • SBI Life (3.55%)
  • Larsen & Toubro (3.18%)
  • UltraTech Cement (3.16%)
  • Bajaj Finance (2.91%)
  • InterGlobe Aviation (2.84%)

Nifty50 top losers

  • Reliance Industries (-3.40%)
  • ONGC (-1.87%)
  • Max Healthcare (-1.38%)
  • Eicher Motors (-0.81%)
  • JSW Steel (-0.68%)

BSE Sensex top gainers

  • Trent (7.98%)
  • Axis Bank (3.96%)
  • Titan Company (3.64%)
  • Larsen & Toubro (3.18%)
  • UltraTech Cement (3.16%)
  • Bajaj Finance (2.91%)
  • InterGlobe Aviation (2.84%)
  • HDFC Bank (2.68%)
  • Kwality Wall’s (2.23%)

BSE Sensex top losers

  • Reliance Industries (-3.40%)

Brent crude, the global oil benchmark, declined 0.71% to USD 108.3 per barrel, offering some relief to markets.Asian markets ended mostly higher, with South Korea’s Kospi and Japan’s Nikkei 225 closing in the green, while Hong Kong and Shanghai markets remained shut for a holiday.“Domestic equities staged a strong rally as value buying gained traction across the board. Crude prices softened marginally on reports of ceasefire efforts, while encouraging provisional banking data supported interest in rate-sensitive segments,” said Vinod Nair, Head of Research, Geojit Investments Limited.He added that overall risk appetite remains cautious amid inflation concerns and potential disruptions to global trade.“Today’s recovery was driven primarily by a modest pullback in crude oil prices, with Brent slipping below the USD 105 mark amid reports of a proposed temporary ceasefire from Middle East mediators. Additionally, domestic institutional investors continued to provide stability at lower levels, absorbing selling pressure and supporting the broader market structure,” said Ponmudi R, CEO of Enrich Money.Foreign Institutional Investors (FIIs) sold equities worth Rs 9,931.13 crore on Thursday, while Domestic Institutional Investors (DIIs) bought shares worth Rs 7,208.41 crore, as per exchange data.



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KKR vs PBKS clash in danger! Rain and Kalbaishakhi storm threat looms over IPL 2026 match | Cricket News


KKR vs PBKS clash in danger! Rain and Kalbaishakhi storm threat looms over IPL 2026 match

NEW DELHI: Two matches and two defeats – that’s the story of Kolkata Knight Riders so far in the IPL 2026. Now, desperate for a win and open their account in the tournament, KKR might face another challenge – rain – in their third match. KKR are set to face Punjab Kings in their third match of the IPL 2026 at the Eden Gardens and will hope rain gods stay away from the crucial clash.According to the IMD weather bulletin, there is a high likelihood of rain impacting the match at the Eden Gardens.There has been persistent cloud cover since morning following a “low-pressure trough stretching from Bihar to Manipur, passing over North Bengal, Assam and Bangladesh”, as per the IMD.“The state is likely to witness another round of Kalbaishakhi storms, with the possibility of hail and thunderstorms from Sunday through Thursday. The intensity and spread of rainfall are expected to peak on Tuesday and Wednesday,” the IMD said.“The weather is expected to turn more severe on Tuesday, when Kalbaishakhi storms accompanied by winds of 50-60 kmph, lightning and rain are likely to impact Kolkata and adjoining areas.”

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Devdutt Padikkal press conference: Chinnaswamy pitch, Tim David’s power & RCB’s batting strategy

KKR, after their match against Punjab Kings on Monday, are scheduled to take on Lucknow Super Giants next at the same venue, and that game too carries a rain forecast. This means after two defeats, weather may add to KKR’s early-season worries.The scheduled practice sessions of both teams were cancelled on the eve of the match following a heavy afternoon downpour, with the Eden Gardens outfield remaining under covers and patches of water visible.

What if KKR vs PBKS IPL 2026 match is washed out?

With rain threatening to play spoilsport, the cut-off timings leave a narrow window for even a shortened contest.A minimum five-overs-a-side match can only be played if action begins by 10.56 pm, the absolute deadline to ensure a result.In such a scenario, the toss would need to take place by 10.46 pm.A five-over shootout, if it comes to that, turns into a high-intensity contest with little room for consolidation, placing a premium on power-hitting.However, if no play is possible by the cut-off time, the match will be abandoned, with both teams sharing one point each.Incidentally, the KKR vs PBKS clash last season on April 26 was also hit by rain, with both teams forced to settle for a point each.The Shreyas Iyer-led Punjab Kings had posted 201/4 before KKR reached 7/0 when rain dashed hopes of a result.



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Samson, Bumrah in ICC Player of the Month race after T20 World Cup heroics | Cricket News


Samson, Bumrah in ICC Player of the Month race after T20 World Cup heroics
Jasprit Bumrah and Sanju Samson (ANI Photo)

NEW DELHI: Two Indian stars have been shortlisted for the ICC Men’s Player of the Month award for March 2026, underlining the country’s dominance during their triumphant T20 World Cup campaign. Joining them in the three-man shortlist is a rising South African batter who impressed in a bilateral series.The nominations reflect a month dominated by high-pressure performances, particularly in the knockout stages of the T20 World Cup, where India successfully defended their title on home soil.World Cup performances dominate shortlistIndia’s campaign was defined by match-winning contributions in crunch situations, and the two nominees played pivotal roles in sealing the title. One of the nominees, Sanju Samson scripted a remarkable turnaround, going from the sidelines to becoming the tournament’s standout performer.Once included during the Super Eights, the wicketkeeper-batter produced a stunning run of scores — 97 in a must-win clash, followed by back-to-back 89s in the semifinal and final. His tally of 275 runs in three crucial matches came at a staggering average of 137.50 and a strike rate nearing 200, earning him the Player of the Tournament award.Complementing that batting brilliance was India’s pace spearhead, Jasprit Bumrah, who once again proved decisive in knockout cricket. In a high-scoring semifinal, he stood out with tight, pressure-building overs that turned the game. He then delivered a match-winning spell in the final, claiming four wickets while conceding just 15 runs to seal victory and earn the Player of the Match honour.Across the last three matches of the tournament, Bumrah picked up seven wickets at an exceptional average, reinforcing his reputation as one of the most reliable performers in global events.South African challenger impressesThe third nominee, Connor Esterhuizen, a young South African batter, made a strong case with a breakthrough T20I series against New Zealand. He amassed 200 runs in five matches, including a maiden fifty and a blistering unbeaten 75 in the decider, helping his side clinch a 3-2 series win.With two Player of the Match awards and a rapid rise in the ICC rankings, his performances ensured a competitive edge to the shortlist.The final award now hinges on a contest between proven match-winners and an emerging talent who made a big statement on the international stage.



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