Market News

Crude oil prices hovered near 1-month lows as progress in Ukraine peace talks tempered geopolitical risk premiums and raised expectations of sanction relief on Russian supply. Benchmarks saw mild rebounds supported by hopes of a US Federal Reserve rate cut, though weak demand signals and oversupply pressures limited upward momentum.

Gold prices surged considerably on Nov 25. The prices were driven by strong wedding season demand and rising expectations of a US Federal Reserve rate cut. With 24K gold crossing ₹1.25 lakh per 10 grams in major cities (Mumbai, Bangalore, New Delhi Hyderabad and Chennai), market volatility remains high.

The US has proposed a draft peace plan for the Russia-Ukraine war, easing global risk sentiment. Oil and commodity prices dipped, equity futures firmed, and India may see lower import costs, softer inflation, sector rotation, and shifting investor flows as talks progress.