Finance

Spot gold settled near $4,416 after soft U.S. data cut September hike odds, yet Brent near $90 from Hormuz risks limited the advance ahead of Fed minutes.

Sensex fell 281 points and Nifty slipped below 24300 on high crude while Vikram Solar, L&T and Dhoot Transmission posted sharp gains against Zaggle’s 20% circuit.

US diesel crack spread hit an all-time $102.20 as Iran tensions and Russian bans tighten products, threatening harvest fuel costs more than crude alone.

India’s chief economic adviser urges dual E10-E20 pumps to shield 75-80 million older two-wheelers while India costs the food-versus-fuel trade-off of higher blends.

Milky Mist debuted with an 18% premium then hit upper circuit near 30% as DAM Capital initiated Buy at Rs 175, wagering on its pure value-added dairy growth.

Softer US inflation and jobs cut September hike bets, yet Hormuz oil risks and RBI’s $56 billion inflows show why Asian currencies still face pressure.

July crude imports rose to 8.45 million bpd despite retail sales at 0.6% and industrial output at 4.5%, giving Beijing longer runway to stay out of the market.

Jefferies flags STT, RBI guarantees and CAS hitting BSE’s domestic prop engine, cuts EPS 5-12% and sets a skewed risk-reward with more downside than upside.

24K gold at ₹15,567 a gram on August 18 as trackers lift Monday’s settled rate by ₹54, Fed hold odds support spot near $4,400 and jewellery demand stays soft.

Stalemate over Strait of Hormuz control leaves traffic near lows while IEA flags record refining margins and 410-million-barrel stock draws that could tip.