CareEdge Chief Economist Rajani Sinha says the US waiver on Russian crude gives India comforting relief, but the reprieve may be temporary, so India should secure a comprehensive bilateral trade deal with Washington. She views the threatened tariffs of up to 100% as a negotiating technique, and notes that Russian crude's discount advantage has narrowed to about $117 per barrel versus Brent near $120. Russia supplies over 30% of India's crude imports, mainly to ensure steady energy availability. Sinha projects the current account deficit at 0.8% to 1.2% of GDP and average inflation around 5% for the fiscal year, though crude above $100 per barrel could raise inflation risks. She attributes rupee weakness mainly to global sentiment and capital flows, and backs the IDBI Bank stake sale as a step toward budget targets.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on bignewsnetwork.com ↗
Related tickers and likely impact
PVD
▼ Likely negativePetroVietNam
Relevance: medium
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Oil Equipment & Services |
| Market cap | 16,375 bn VND |
| P/E | 14.7 |
| P/B | 0.95 |
| Close on 10/16/2026 | 17.65 |
| Change that session | -0.28% |
PLX
▲ Likely positivePetrolimex
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Oil & Gas |
| Industry | Integrated Oil & Gas |
| Market cap | 44,534 bn VND |
| P/E | 13.9 |
| P/B | 1.83 |
| Close on 10/16/2026 | 35.05 |
| Change that session | -1.41% |
PVT
▼ Likely negativePVTrans
Relevance: low
| Market | Vietnam stocks |
|---|---|
| Exchange | HOSE |
| Sector | Industrial Goods & Services |
| Industry | Marine Transportation |
| Market cap | 12,225 bn VND |
| P/E | 8.6 |
| P/B | 1.29 |
| Close on 10/16/2026 | 23.65 |
| Change that session | 0.00% |
Impact is scored by AI from the headline and may be wrong. It is not investment advice.
Related news
- Sensex sinks 876 points , Nifty falls 1 . 11 % as Crude oil nears USD 109
Indian stock markets closed sharply lower, with the Nifty 50 down 257.20 points (1.11%) at 22,888.95 and the BSE Sensex down 876.37 points (1.17%) at 73,852.90. Selling was widespread as weakness in private banks, earnings below expectations and rising crude prices weighed on sentiment, with Axis Bank falling more than 4%. The Nifty PSU Bank index was the only major sectoral index to end higher, rising 2.41%. Brent crude traded at USD 108.50 per barrel, while the rupee firmed for a seventh straight session near 94.95 per dollar even as RBI reserves fell USD 8.6 billion to USD 726 billion in the week to October 9.
- Asian shares are mixed with tech stocks volatile , and oil falls on Trump Russian sanctions waiver
- Expert: World oil prices set for unprecedented surge
Brent crude is trading near $110 a barrel and U.S. crude near $100, up about 80% and more than 70% respectively since the start of the year. William Blair analyst Neal Dingmann warns of a possible “super spike,” as tanker attacks linked to Iran and record shipping costs tighten physical supply. The U.S. Strategic Petroleum Reserve is at its lowest since 1982, limiting the effect of releases, while heating oil futures have more than doubled this year. Goldman Sachs raised its December Brent forecast to $90 a barrel but sees a possible $125 if oil infrastructure is destroyed or geopolitical risk premiums stay high. Meanwhile, many U.S. producers posted record free cash flow in the second quarter.
- Oil Futures Likely to React to Ukraine’s Attack on Russian Oil, Lifting of Diesel Sanctions
- Number of Vessels Attacked in the Strait of Hormuz Hits Record High
According to data from the Tổ chức Hàng hải Quốc tế obtained by TASS, 22 vessels reported being attacked in the Strait of Hormuz from October 1 to 13. The estimated count surpassed the total for all of March 2026, the previous record. The attacks left 15 sailors injured, 2 missing, and 1 ship sunk. October 11 saw the most incidents, with 6 vessels reporting damage, while on October 4 and 13, three vessels each reported damage. The backdrop: the US and Israel launched a war against Iran on February 28, 2026. In June 2026, the two sides signed a memorandum for an immediate ceasefire, but on the night of July 8, the Pentagon resumed large-scale strikes on Iran, accusing it of violating agreements related to the Strait of Hormuz.
- Iran says two tankers catch fire after hitting mines in Strait of Hormuz
Iran's Revolutionary Guard says two tankers, each carrying about two million barrels of crude oil, caught fire after hitting naval mines in the Strait of Hormuz, having switched off their navigation systems and used a route not authorised by Iran. The IRGC also said one tanker tried to cross 'with US support' while the other was left immobilised. Attacks around the waterway have surged over the past two weeks as Iran responds to the US blockade of its ports and tougher sanctions. Kpler data shows oil flows through the strait fell from nearly 20.8 million barrels on October 8 to 2.9 million on October 11. Trump ruled out using nuclear weapons or putting troops on the ground in Iran, and said he believes a deal to end the war will be reached after the November 3 US midterm elections.
Related markets
Latest news
- TRX Gold to Present at Red Cloud's Fall Mining Showcase 2026
TRX Gold will present at Red Cloud's Fall Mining Showcase 2026, an in-person conference at the Omni King Edward Hotel in Toronto on October 28 and 29, 2026. Stephen Mullowney is scheduled to present on Thursday, October 29, 2026 at 12:00 PM Eastern. The release describes the company as a gold producer advancing the Buckreef Gold Project in Tanzania, which includes an established open pit and a 2,000 tonnes per day plant. The May 2025 PEA outlines average annual gold production of 62,000 oz over 17.6 years.
- Tesla Stock vs. the S&P 500: Which Investment Wins Through 2030?
The article argues Tesla trades at roughly 203 times this year's expected earnings and 13 times expected sales, a valuation that looks very expensive given gross margin pressure and a slower-than-expected robotaxi rollout. The flying Roadster, slated for production in 2028, is unlikely to make a meaningful sales or earnings contribution before 2030. The author thinks a Tesla-SpaceX merger by the end of the decade, likely an all-stock deal, is more likely than not and would be a key factor in how Tesla stock performs against the S&P 500 through 2030.
- SpaceX surprises Wall Street with Oct. 20 earnings date — here's why
SpaceX (SPCX) will release earnings on Oct. 20 after the market close, a surprise since earnings dates are usually shared weeks in advance. Evercore ISI analyst Kutgun Maral says possible reasons include putting updated financials on record before new financing or getting ahead of major lock-up releases, though scheduling is also possible. Reuters reported SpaceX is seeking $40 billion in financing to buy advanced Nvidia AI chips, including about $10 billion in bank loans and $30 billion in investment-grade debt, with Apollo expected to lead. The lock-up schedule includes 1.30 billion shares two days after earnings, 329 million on 10/24, and a remaining 857 million tranche of the 180-day group.
- AEP Partners with Amazon and X-energy to Explore Advanced Nuclear Energy in Indiana
American Electric Power (AEP) has announced a joint development agreement with X-energy to evaluate the feasibility of a 960-megawatt advanced nuclear project at a former coal plant site in Sullivan County, Indiana. Amazon is supporting development through a funding agreement. If the project reaches a final investment decision and is built, Amazon intends to buy the power under a long-term contract covering the facility's costs and operations. The initial project would include 12 Xe-100 units of 80 MW each, and the companies say it could create jobs, expand the local tax base and strengthen the grid for more than 60 years. AEP says the agreements include the financial safeguards it considers essential for any nuclear project to move forward.
- Talamore Marks One Year at Coffee with Major Advances Toward a 2027 Construction Decision
Talamore Mining marks one year since closing its acquisition of the Coffee Gold Project in Yukon, Canada, from Newmont Corporation on October 17, 2025. The company has assembled a financing package of up to C$688 million, including a C$149.5 million equity offering, a C$450 million secured project debt facility and up to C$88 million from a warrant early-exercise program. A primary road permit received in August 2026 allows completion of the 214-kilometre Northern Access Route from Dawson City. The February 2026 Preliminary Economic Assessment outlined a 13-year open-pit heap leach mine with an after-tax NPV (5%) of US$2.3 billion and an after-tax IRR of 47.8%. G Mining Services is completing the Feasibility Study, expected in Q1 2027, ahead of a construction decision targeted for the first half of 2027.
- Tiger Gold Extends Mineralization to the South at Ceibal, Drilling 268 m @ 0.5 g/t Au from Surface
Tiger Gold reported assay results from hole CEDDH-023 at its Ceibal target within the Quinchía Gold Project in Colombia. The hole intersected 268 metres grading 0.5 g/t Au from surface, extending mineralization south into a previously untested part of the corridor. Mineralization remains open to the west and southwest, where additional holes are testing for extension, and assays from Ceibal and Tesorito are pending. The drilling is intended to support a maiden Mineral Resource estimate, targeted for near the end of Q1 2027.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.