Brent crude extended its winning run to eight sessions, staying above $110 per barrel, even as domestic MCX crude oil prices dipped 0.60% to ₹9,426 per barrel on Wednesday, April 29. The gap between the two reflects how rupee movement and exchange mechanics can separate Indian commodity prices from global benchmarks on any given day. Sustained price strength at the global level keeps import costs elevated for India, which relies heavily on crude purchases from overseas. Higher crude prices feed through to fuel costs, transport, and manufactured goods over time. The article notes that market experts have shared their near-term outlook on prices, though specific forecasts or targets were not detailed in the available content. Traders and importers will be watching whether Brent can hold the $110 level or whether profit-taking after an eight-day rally pulls prices back. Any shift in supply signals from major producers or demand data from large consuming economies could be the next trigger.
Indian startups raised $5.2 billion across 501 deals in H1 2026, down 9% in value but up 7% in deal count year-on-year, per the Inc42 Indian Tech Startup Funding Report. The drop is driven by fewer mega-rounds, while AI funding surged 317% and growth-stage deal activity hit a multi-year high.
The BSE Sensex fell 893 points and the Nifty 50 shed 279 points on June 30, 2026, wiping out roughly Rs 6 lakh crore in investor wealth in a single session. Both indices dropped 1.16%, closing at 76,200.68 and 23,824.10 respectively.
Kotak Mahindra Bank shares fell nearly 3% to Rs 397.6 after CEO Ashok Vaswani announced plans to exit the bank. Investor concern now centres on succession timing and whether the bank's ongoing digital and deposit-growth strategy will stay on track.
South Korea's Kospi dropped 3% at Monday's open while Japan's Nikkei fell 1%, as escalating US-Iran conflict triggered a broad risk-off move across Asian markets. South Korea's heavy reliance on Middle East oil imports makes it especially vulnerable to geopolitical shocks of this kind.
