GOLD EXPORT
Indian refiners pay for Iran oil in yuan via ICICI Bank, sources say
Indian refiners are making payments for Iranian oil using Chinese yuan. This is happening through ICICI Bank's Shanghai office. Indian Oil and Reliance have bought shipments under a temporary U.S. sanctions waiver. This payment method has not been previously reported. India has also used yuan for Russian oil. The U.S. waiver on Iranian oil is set to expire soon.
Akshaya Tritiya Alert: Fake gold-silver scam exposed. How conman who earlier duped Aditya Pancholi & Salim Khan's aide trapped victims
An interstate fake gold coin scam targeting wealthy individuals was busted by Gurgaon Police, with the arrest of Solanki Prabhubhai Gulshanbhai alias Kalpesh, who allegedly duped a city-based exporter of around Rs 2.5 crore and 50 gold tolas. The accused posed as a labourer and built trust by offering genuine coins before delivering fake ones in bulk. The victim reportedly borrowed money and sold family jewellery to fund the deal. Police said the gang had been operating for over 25 years across multiple states, targeting luxury car owners, and had earlier duped actor Aditya Pancholi and an aide of Salim Khan.
Labour-intensive sectors see steep fall in exports in March
The fiscal year 2026 brought a mixed bag for India's exports. On one hand, engineering goods, electronics, and pharmaceuticals excelled, driving growth. On the flip side, textiles and gems were hampered by market fluctuations. Disruptions in West Asia's trade routes complicated logistics, affecting shipments significantly. Interestingly, electronics imports surged, crossing the $100 billion threshold.
India's trade gap may widen in FY27 amid global and oil risks: Report
India's trade deficit narrowed in March, but this improvement may not last. Experts warn of a widening deficit in the coming months. Factors like external shocks, slowing global demand, and import pressures are expected to impact trade. Exports face challenges due to weak global demand. The current account deficit is projected to widen.
Investing in ability and quality of balance sheet? 5 large-cap stocks from different sectors with upside potential of up to 29%
Predicting the movement of the Nifty and Sensex is a fool’s task. Thursday’s trading on the market only underlines this truism. And it is in times of uncertainty that we tend to gravitate towards large-cap stocks because, over the long term, they do create wealth. But there is one more, equally compelling, reason why they should be preferred to mid- and small-cap stocks, especially in a phase where there is a time-wise correction – the kind where markets do not fall sharply but simply refuse to move higher for extended periods.
Coal India, NMDC emerge as must-watch mining plays as spot prices surge, says Motilal Oswal's Siddhartha Khemka
India's mining and metals sectors show strong opportunity with surging coal and iron ore prices, benefiting Coal India and NMDC. Private banks are outperforming PSUs due to NIM recovery, with SBI and ICICI Bank as top picks. The auto sector saw robust Q4 volume growth, while consumption remains mixed with jewellery and liquor showing resilience.
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India's trade gap shrinks in March, swells in FY26
India's trade deficit saw a reduction in March as the West Asia conflict disrupted trade flows. Exports and imports both declined, narrowing the monthly deficit. However, the overall trade deficit for the fiscal year widened. Despite challenges, India achieved record exports of $860 billion in FY26, showcasing resilience. Several free trade agreements are expected to boost future trade prospects.
Why are gold and silver prices down today, and will precious metals continue to drop or rise again? Analysts insights, market outlook and what should investors do now
Why are gold and silver prices down today, and will precious metals continue to drop or rise again? Gold and silver fell after reaching recent highs as investors tracked possible US-Iran talks and global market movements. Oil prices stayed firm, shares moved higher, and expectations around interest rates shifted. Analysts say investors are in wait-and-see mode. The outlook now depends on negotiations, inflation expectations, and rate cut hopes that influence bullion demand and investor strategy.
India gem and jewellery exports rise to ₹2.44 lakh crore in FY26 amid global headwinds
In FY26, India's gem and jewellery sector reported an impressive ₹2,44,827.26 crore in exports, demonstrating a modest growth in rupee terms. However, exports in dollar value experienced a downturn amidst global market turbulence. To counter this, exporters expanded their reach, finding new opportunities in the UAE, Australia, and Canada.
Global Markets | Asian stocks track US rally on Iran peace push
Asian markets opened higher, mirroring Wall Street's positive trend. Hopes for further United States-Iran talks have boosted investor confidence. This optimism is also contributing to a decrease in oil prices. The broader MSCI Asia Pacific Index saw a significant increase. This development suggests a potential easing of global economic pressures.
These 10 private and public banking stocks have an upside potential of up to 30% in one year, according to analysts
As far as fundamentals are concerned, most banks have continued to show improvement on critical parameters like NPAs. But if inflation rises and impacts credit growth (which has been an area of some concern), these stocks could take a hit. Now, why we are talking about inflation is obvious: Rising crude oil prices. That’s bad news for the Indian economy and the markets. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
India's gems, jewellery exports dip 35 per cent in March on US-Iran conflict: GJEPC
India's gems and jewellery exports saw a significant drop in March, largely due to the West Asia conflict impacting logistics and insurance costs. Despite this setback, the industry is exploring opportunities to become a rough diamond trading hub. While demand weakened in some key markets, other regions provided support. The council anticipates a recovery as geopolitical tensions ease.
Global Markets | Australian shares slide as US-Iran talks fail, risk appetite sours
Australian shares declined as collapsed U.S.-Iran peace talks and a U.S. blockade of Iranian ports soured market sentiment. The S&P/ASX 200 index saw its steepest fall since April 2, with gold stocks leading the losses. Conversely, energy stocks rose on higher crude prices, while Telix Pharmaceuticals surged on a new collaboration.
Global Markets | Dollar and oil rise, stocks slide as US-Iran peace talks collapse
Oil and the dollar surged as U.S.-Iran talks failed, leaving a ceasefire fragile and Mideast energy exports choked. Stocks tumbled as U.S. Navy blockades the Strait of Hormuz, impacting global energy supplies and fueling inflation fears. Markets are grappling with significant uncertainty following the breakdown of peace negotiations.
New scheme in works to support domestic critical mineral processing plants: Mines Secretary
India is launching a new scheme to boost critical mineral processing. Public sector companies will bid for four copper mines in Chile. Domestic copper production is set to increase significantly. Plans are also underway to extract gold from mining residue. These initiatives aim to strengthen India's mineral sector and global presence.
Sensex @ 95,000 in 9 months? Morgan Stanley's Ridham Desai says bull market coming
Morgan Stanley forecasts the Sensex could reach 95,000 by December 2026, signaling a new bull market driven by India's strong growth prospects and favorable valuations. Despite near-term challenges, a confluence of macro, earnings, and flow indicators supports a significant recovery in Indian equities.
NFO Alert: Axis Mutual Fund announces launch of Axis Nifty India Defence Index Fund
Axis Mutual Fund has announced the launch of its new fund offering, Axis Nifty India Defence Index Fund, an open-ended Index Fund that invests in the constituents of Nifty India Defence TRI.
Stay calm, stay invested, says Dipan Mehta; prefers PSU banks & NBFCs among financials
Amidst global market jitters, Elixir Equities' Dipan Mehta advises investors to exercise patience, resisting drastic portfolio changes. He highlights oil prices as a key indicator for market stability. Mehta suggests a cautious approach to banking, favoring PSU banks and diversified NBFCs, while seeing potential in EV-focused auto players and currency-driven exports.
Sunil Singhania-backed Abakkus Small Cap Fund first portfolio out since NFO; 42 stocks held, Karur Vysya Bank top bet
Sunil Singhania backed Abakkus Mutual Fund has unveiled the maiden portfolio of its smallcap fund - Abakkus Small Cap Fund, following an in-house investment framework viz. ‘MEETS’, to evaluate key drivers of long-term value creation. This marks the fund’s first update since its NFO.
Crude oil, remittances & exports: RBI spells out where the Iran war bites India
The Reserve Bank of India emphasises the ramifications of the West Asia conflict on the nation's economy. Fluctuating energy prices, uncertainties in trade, and market volatility present emerging risks. While the country's foundational economic strengths are robust, the potential impact of external disruptions is worrisome.
These 8 private and public banking stocks have an upside of up to 28% in one year, according to analysts
The markets will react to the two-week conditional ceasefire announced by US President Trump and accepted by Iran, also conditionally. There are still many missteps that might occur and it remains to be seen how freely Iran permits ships to pass through the Strait of Hormuz. And, most importantly for the Indian markets, how crude oil prices react. Check out Stock Reports Plus, powered by Refinitiv, for price targets of over 4,000 listed stocks along with detailed company analysis focusing on five key components ,earnings, fundamentals, relative valuation, risk, and price momentum, to generate standardised scores. SR+ Reports is a complimentary offering to ETPrime members.
Kerala, Telangana CMs trade barbs on governance record ahead of April 9 assembly polls
Kerala's Chief Minister Pinarayi Vijayan and Telangana's Chief Minister Revanth Reddy exchanged sharp words on governance. Vijayan highlighted Kerala's achievements in healthcare, education, and poverty eradication. Reddy questioned Kerala's claims and pointed to ongoing investigations. He outlined Telangana's ambitious economic growth plans. Both leaders presented their states' development visions.
Gold imports rise by nearly 29% to $69 bn in Apr-Feb 2025-26
India's gold imports saw a significant rise of 28.73 percent, reaching USD 69 billion in the first eleven months of fiscal 2025-26. This surge, attributed to elevated gold prices, has contributed to a wider trade deficit. Switzerland remains the primary source for these imports. The increased gold imports also impact the country's current account deficit.
Senco Gold expects 30% revenue jump, profit doubling in FY26
Senco Gold & Diamonds anticipates a significant financial year ahead. Revenue is projected to surpass Rs 8,000 crore by March 2026, marking a substantial increase. Net profit is also expected to nearly double. The company plans to expand its store network, focusing on northern India. Strategies to manage gold price volatility and customer affordability are in place.
Several measures announced to cushion exporters from Gulf conflict impact: DGFT
India is taking steps to help exporters facing challenges due to the Gulf conflict. Key sectors like gems, jewellery, rice, and pharma are affected. The government is working with insurers and banks on insurance and finance issues. Measures are being devised to resolve exporter problems.
US trade deficit widens less than forecast as tariff turmoil persists
America's trade deficit grew in February, though it was less than predicted. Both imports and exports saw increases. This comes a year after President Donald Trump introduced widespread tariffs. Trade flows continue to be affected by tariff policies. Recent court decisions may influence future trade data. New temporary duties have been imposed, and more are being considered.
Oil could hit $140 if Iran tensions escalate, warns Peter McGuire; here's what happens to gold next
Peter McGuire of Australia-Trading.com highlights how Trump's Iran ultimatum has created market volatility, particularly in oil, gold, and silver. He outlines two oil price scenarios, ranging from $85-$100 to a potential $130-$140 per barrel, depending on the duration of tensions. Precious metals experienced a surprising pullback due to competing market forces, but a recovery is anticipated.
India restricts precious metal jewellery imports
India has restricted imports of gold and precious metal jewellery from ASEAN countries, particularly Thailand, which were previously duty-free. A license is now required for jewellery studded with pearls, diamonds, and other precious metals, except for goods destined for SEZs and EOUs not sold domestically. This move aims to curb illicit imports exploiting tariff differentials.
Gold loans are booming in India; loan originations soar 108% in value in December
Gold loans are booming, surging in both volume and value, driven by rising gold prices and increased originations. This trend positions gold loans as a major retail product, expanding beyond traditional areas into new regions. Lenders are focusing on credit-tested individuals, with women and rural consumers forming a significant base, indicating a mainstream shift for this lending category.
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