We Teach Trading — Zero Tips, Zero Advice, Zero Recommendations. Not registered with SEBI or any financial regulator worldwide.
Nictick is a 24x7 global market news platform covering stocks, F&O, forex, crypto and commodities in fast, impact-tagged items built for a 10-second read.
Every Critical flash on Nictick — factual global business news, filtered through the NIC lens.
10 posts
Brent crossed $110 a barrel intraday on Wednesday after Iran’s IRGC said its mines hit two tankers using unapproved Hormuz routes, while Houthis claimed strikes on Aramco’s Yanbu site and the Shaybah field. Brent has swung between $97 and $112 this month.
The RBI's Monetary Policy Committee voted unanimously to raise the repo rate by 25 bps to 5.50%, its first hike since February 2023, and moved its stance from neutral to calibrated tightening. SDF now stands at 5.25%, MSF and Bank Rate at 5.75%. FY27 CPI forecast lifted to 5.2%, GDP to 7.1%.
The RBI announces its October policy decision today after a three-day MPC meeting. The repo rate stands at 5.25% after five straight holds. Overnight, the S&P 500 closed at a record 7,818.93 while the US 10-year yield eased from about 5.35%, its highest since 2002.
Finance Minister Nirmala Sitharaman said on Monday that India-US trade talks have reached a plateau where further concessions look very difficult. Her remarks came as the RBI's rate panel began its three-day meet. Repo stands at 5.25%, decision due October 7.
Iran will keep the Strait of Hormuz closed until Washington accepts seven conditions tied to the Islamabad memorandum, parliament speaker Mohammad Bagher Ghalibaf said on Sunday. Two more tankers were hit near Oman and inside the strait over the weekend.
US long bonds sold off again. The 30-year Treasury yield rose to about 5.43%, its highest since 2004, while the 10-year held above 5.1%, a level last seen in 2007. A larger Treasury buyback failed to steady demand, and markets now price roughly a 70% chance of another Fed hike in October.
The US Federal Reserve announces its policy decision tonight at 11:30 PM IST. Futures pricing shows about 90% odds of a 25 bps hike to 3.75%-4.00%, which would be the first increase since July 2023. Chair Kevin Warsh's press conference and the updated dot plot follow.
Saudi Arabia has shut its East-West crude pipeline after drone strikes damaged pumping stations. The route had been carrying the bulk of kingdom exports while the Strait of Hormuz stays blocked. Brent has traded above the $100 mark. Yanbu storage is reported adequate for only days.
Brent climbed about 2.75% to near $107.48 after Saudi Arabia shut a key pipeline and Oman-hosted talks were postponed. Traders priced roughly 86% odds of a US rate hike on Wednesday. Gold eased near $4,340 and bitcoin near $76,700. Indian exchanges were closed for Ganesh Chaturthi.
Brent has crossed $100 a barrel, its first break above that level since July, after fresh US-Iran escalation near the Strait of Hormuz. Wall Street closed lower, the US 10-year sits near 4.84%, the rupee opened past 95, and gold and bitcoin firmed while equities stayed defensive.
