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Recovering from lockdown - Tata Steel production back at 100% capacity
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Brent crude futures have surged 13.4% this year so far to $87.26 per barrel, propelled by escalating tensions in the Middle East, OPEC supply cuts, attacks on energy infrastructure between Ukraine and Russia, and increased oil demand from major consuming nations, all of which have tightened the market.In March, Brent crude futures surged over 8%, marking the most significant monthly increase.
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Benchmark Sensex and Nifty indices continued to trade in green on April 23 afternoon, led by gains in realty stocks. The rally helped ease market volatility as India VIX, which measures near-term volatility, fell sharply by 19 percent, last seen in May 2019. Around noon, the Sensex was up 263.09 points or 0.36 percent at 73,911.71, and the Nifty was up 83.80 points or 0.38 percent at 22,420.20.
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The capital markets have gotten off to a red-hot start in 2024. The Nasdaq Composite index is up nearly 4% so far this year, while the S&P 500 has gained closer to 5% as of market close on April 17.While a small cohort of megacap-technology companies collectively known as the "Magnificent Seven" have played a big role in the market's upward movements.
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