Indian shares open lower as oil surge, inflation jitters weigh
Published . Updated .
Covered by 3 outlets: marketscreener.com, TradingView, Reuters.
Who covered it: Center 1 · Not rated 2. How we rate outlets
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This report is about oil and tanker shipping.
Directly affected
- No company is named in this report.
Indirectly affected
- USO United States Oil Fund-1.1% 30d
United States Oil Fund: its price follows crude oil. Linked by “oil” (oil) in this story.
- XLE Energy Select Sector SPDR+7.5% 30d
Energy Select Sector SPDR: its price follows crude oil. Linked by “oil” (oil) in this story.
- BWET Breakwave Tanker Shipping ETF-3.3% 17d
Breakwave Tanker Shipping ETF: it tracks tanker freight rates. Linked by “oil” (tanker shipping) in this story.
- INDA iShares MSCI India ETF-3.8% 11d
iShares MSCI India ETF holds stocks listed in India, which this story is about (“indian”).
- EMB iShares J.P. Morgan USD Emerging Markets Bond ETF+0.3% 6d
iShares J.P. Morgan USD Emerging Markets Bond ETF holds emerging-market government bonds, which react to inflation and interest-rate news like this one in India
- EMLC VanEck J.P. Morgan EM Local Currency Bond ETF-1.6% 30d
VanEck J.P. Morgan EM Local Currency Bond ETF holds emerging-market bonds in local currencies, which move with rate and currency news like this from India.
- EEM iShares MSCI Emerging Markets ETF-3.3% 13d
iShares MSCI Emerging Markets ETF is a broad fund of emerging-market stocks that includes India
- FRO Frontline+1.6% 30d
Frontline (deep sea foreign transportation of freight): tanker owners earn more when more crude has to move by sea. Linked by “oil” (tanker shipping) in this story.
Price reaction, T-5 to T+3
| Ticker | T-5 | T-3 | T-1 | T0 | T+1 | T+2 | T+3 |
|---|---|---|---|---|---|---|---|
| USO | +1.59% | -3.20% | base | after close | after close | after close | after close |
| XLE | -4.15% | -3.23% | base | after close | after close | after close | after close |
| BWET | +16.99% | -9.44% | base | after close | after close | after close | after close |
| INDA | -1.26% | +0.27% | base | after close | after close | after close | after close |
| EMB | +0.70% | +0.73% | base | after close | after close | after close | after close |
| EMLC | +0.82% | +0.78% | base | after close | after close | after close | after close |
| EEM | -2.96% | -0.90% | base | after close | after close | after close | after close |
| FRO | -2.89% | -6.19% | base | after close | after close | after close | after close |
Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.
Indian shares open lower as oil surge, inflation jitters weigh marketscreener.com
Source: marketscreener.com
Energy
| Company | When | Move | Status |
|---|---|---|---|
| BWET | three days earlier | -9.44% | final price |
| BWET | five days earlier | +16.99% | final price |
| EEM | three days earlier | -0.90% | final price |
| EEM | five days earlier | -2.96% | final price |
| EMB | three days earlier | +0.73% | final price |
| EMB | five days earlier | +0.70% | final price |
| EMLC | three days earlier | +0.78% | final price |
| EMLC | five days earlier | +0.82% | final price |
| FRO | three days earlier | -6.19% | final price |
| FRO | five days earlier | -2.89% | final price |
| INDA | three days earlier | +0.27% | final price |
| INDA | five days earlier | -1.26% | final price |
| USO | three days earlier | -3.20% | final price |
| USO | five days earlier | +1.59% | final price |
| XLE | three days earlier | -3.23% | final price |
| XLE | five days earlier | -4.15% | final price |
How solid the energy case looks
38 out of 100
“Indian shares open lower as oil surge, inflation jitters weigh” scores 38 out of 100. The score uses 3 sources.