Brent crude slipped below $100 a barrel on October 6.

Petrol and diesel prices in Delhi were unchanged at Rs 102.12 and Rs 95.20 a litre.

Retail fuel prices in India do not move daily with crude.

Oil marketing companies adjust them less often.

The reports did not mention any planned change.

Tanker and Houthi-related security risks remained, according to the same report.

The Sunday Guardian described Brent as hovering near $100, with Middle East supply and Gulf tensions driving crude markets.

Indian markets rose on the day, and Business Today listed the fall in Brent below $100 as one of the factors.

The Sensex rose 685 points to close at 73,067.81 and the Nifty gained 220 points to 22,776.10.

Business Standard’s preview of the RBI’s policy meeting put crude near $107 in the backdrop, so the fall below $100 is a notable move.

The RBI’s Monetary Policy Committee announces its decision on Wednesday, October 7, and inflation stood at 4.82% in the preview.

A weak rupee and high crude prices have been part of the backdrop for the policy decision, according to Business Standard.

Petrol and diesel prices in Delhi were unchanged on October 6 at Rs 102.12 and Rs 95.20 a litre, according to Business Today and HDFC Sky.

Retail fuel prices in India do not move daily with crude, because oil marketing companies adjust them less often.

Brent is the international benchmark for crude oil, and WTI is the main US benchmark.

Brent usually trades at a premium to WTI, and the gap on October 6 was about $11 a barrel.

A strategic petroleum reserve is government-held emergency stock that can be released to ease a supply shortage.

The G7 is a group of seven large advanced economies that coordinate on issues including energy supply.

The Houthis are a Yemen-based group whose attacks on shipping have affected tanker routes in the region.

Crude oil storage (representative image), Wikimedia Commons, public domain

The Sensex rose 0.95% and the Nifty 0.98% on October 6.

Both indices have now gained for two sessions.

They had suffered their longest weekly losing streak in 25 years before that, according to Business Standard.

The RBI decision on Wednesday is the next key event.

Analysts see support for the Nifty in the 22,600 to 22,400 zone.

Fourteen of the 16 major sectoral indices on the NSE ended in positive territory.

The BSE capital goods index rose 1,333 points to 75,749, the pharma index gained 552 points and the Bankex rose 330 points to 62,118.

Nifty Bank, consumer durables, energy, infrastructure, media, FMCG, metal, pharma, oil and gas, private bank and telecom indices gained between 0.5% and 2%.

Trent, Kotak Mahindra Bank, Hindustan Unilever, Reliance Industries, IndiGo, Eterna and Asian Paints were among the gainers, according to Business Today.

Tech Mahindra, Titan, Bajaj Finance and ITC were among the losers, with the biggest fall at about 2.3%.

The market capitalisation of BSE-listed companies reached Rs 473.61 lakh crore.

Sentiment was helped by supportive global cues and a fall in Brent crude to below $100 a barrel, according to Business Today.

Strong Q2 business updates from Honasa Consumer, Meesho, Trent and Dabur also supported investor confidence.

The Reserve Bank of India’s Monetary Policy Committee announces its decision on Wednesday, October 7, at 10 am.

Markets largely price in a 25-basis-point increase in the repo rate, which would be the first rate hike since 2023.

The MPC has kept the repo rate unchanged at 5.25% in its last four policy reviews, after cumulative cuts of 125 basis points in 2025.

A Business Standard poll found that eight of 10 respondents expected a hike, with inflation at 4.82% and a weak rupee in the background.

Analysts cited by Business Today see the 22,600 to 22,400 zone as key near-term support for the Nifty and resistance around 23,000 to 23,200.

Bombay Stock Exchange building, Mumbai (file image), Wikimedia Commons, CC BY 2.0

The co-founder of Sarvam AI is among the members of Odisha’s new Chief Minister’s Economic Advisory Council.

The council also includes economists and former bureaucrats.

It will advise on macroeconomic management and long-term growth strategy.

Odisha aims for a $1.5 trillion economy by 2047.

CM Mohan Charan Majhi has described Odisha as India’s growth engine for the next 25 years.

It brings together economists, former bureaucrats and industry experts, including the co-founder of Sarvam AI.

The panel will advise on macroeconomic management, fiscal prudence and long-term growth strategy.

Odisha has set a target of a $500 billion economy by 2036 under its Samruddha Odisha vision.

The state has also set a target of a $1.5 trillion economy by 2047 under its Viksit Odisha framework.

The council’s mandate includes strengthening evidence-based policymaking and providing strategic guidance on long-term development.

Focus areas for the council include MSME expansion, industrial clusters and green energy transitions.

The CM-EAC was formed four months after Odisha announced the State Institute for Transformative Initiatives, or SITI-Odisha.

Odisha is the fifth Indian state to set up a high-level panel of domain experts to support a trillion-dollar economy goal.

Chief Minister Mohan Charan Majhi has described Odisha as poised to become India’s growth engine for the next 25 years.

The state has separately set a target of creating over one crore jobs by 2047.

State-level economic advisory councils have become more common among Indian states pursuing long-term growth targets.

The Economic Advisory Council to the Prime Minister advises the central government on a range of macroeconomic issues.

Odisha’s economy has traditionally relied significantly on mining, metals and agriculture.

State governments pursuing trillion-dollar economy goals typically focus on infrastructure, manufacturing and services sector growth.

Policy continuity and implementation capacity are commonly cited as key factors in whether long-term state economic visions succeed.

Stock exchange building (representative image), Wikimedia Commons, CC BY 2.0