
Trend in global stock markets, progress of monsoon, the movement of rupee against the dollar and crude oil prices will dictate the trend on the bourse

Gold prices have witnessed a bounce back from the lows of $1,750 to $1,830 per troy ounce now in the international market

OPEC+ last year decided to withdraw 9.7 million barrels per day (bpd) from the market amid a pandemic-induced slump in demand

A failure to resolve a rare standoff between the UAE and Saudi Arabia could push global crude oil prices up further

The cost of crude oil has surged back to levels last seen in October 2018, which would normally support arguments in favour of boosting production.

Output of eight core sectors grew by 16.8% in May, due to a low base effect and uptick in production of natural gas, refinery products, steel, cement

This is the fifth straight month of uptick in the WPI inflation

World oil supply is expected to grow at a faster rate in 2022, with the US driving gains of 1.6 mb/d from producers outside the OPEC+ alliance.

Next week’s US FOMC meeting would keep the market volatile though they have already hinted at keeping interest rates to near zero levels

Imports have grown by about 83% to $9.1 billion during June 1-7.