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Vedanta Oil & Gas ends higher after Delhi HC backs $99 million arbitral award
Vedanta Oil & Gas rallied 3.80% to settle at Rs 37.96 after media reports stated that the Delhi High Court cleared the enforcement of a $99 million foreign arbitral award by rejecting the central government's objections.
Benchmarks trade in negative terrain; media shares tumble
Going ahead, investors will closely monitor stock-specific developments, the progress of the southwest monsoon, movements in crude oil, gold and silver prices, and the inflation trajectory for further cues on market direction.
US Strikes Iran After Hormuz Ship Attacks Amid Khamenei funeral, Revokes Sanction Waiver On Oil
Iranian state media reported explosions and injuries across Qeshm Island, Bandar Abbas and Sirik.
Disney pumps Rs 123 crore into JioStar India in fresh FDI
Walt Disney's Star Group injected Rs 123 crore into JioStar India via FDI, bolstering the Reliance-Disney joint venture. This follows substantial prior investments by Disney, totaling Rs 3,847 crore in the current fiscal year. Despite reporting equity losses from the venture, Disney's continued financial commitment highlights its strategic interest in the Indian media landscape. The information and broadcasting sector saw significant FDI inflows during the quarter.
Indices trade with substantial losses; media shares under pressure
Going ahead, investors will closely monitor movements in crude oil and gold prices, as well as the progress of the monsoon, for further cues on market direction. Nifty slipped below 24,000 level. Media shares extended losses for the second consecutive trading session.
INR seen under pressure as DXY stays upbeat ahead of US data
The Indian rupee came under pressure in opening trades on Monday as dollar index remains firmly above 100 mark assessing geo-political situation in Middle East. As per media reports, US President Donald Trump over the weekend threatened strikes on Iran if Hezbollah keeps attacking Israel, raising concerns about progress for peace talks between Washington and Tehran. Markets now look ahead to the weeks release of the US PCE price index, the Federal Reserves preferred measure of inflation after Fed left rates unchanged last week. Meanwhile, INR opened at Rs 94.42 per dollar and slipped to a low of 94.48 so far during the day. On Friday, the counter ended at 94.33. Easing crude oil price from multi-year highs are however lending some support to the counter. Local equities in positive zone are also supporting rupee to some extent.
Reliance's media biz clocks Rs 34,917 cr revenue in FY26; JioHotstar cross 1 billion downloads
Reliance's media arm achieved a significant Rs 34,917 crore revenue in FY26, with JioHotstar becoming India's top digital streamer and the first Indian paid OTT to hit one billion downloads. The integrated media ecosystem, including JioStar and Jio Studios, delivered strong EBITDA and net profit. JioStar leads TV viewership, while JioHotstar boasts 451 million monthly users and record-breaking concurrent viewers.
JioStar rolls out JAMS, betting on GenAI to reshape premium content production
JioStar, Reliance's media arm, has launched JioStar GenAI Media Studio. This platform uses artificial intelligence to create premium content for India. The initiative was announced at Reliance Industries' AGM. JioStar leads India's media market with a significant viewership share. The platform aims to produce content across various languages and formats for diverse Indian audiences.
Sensex, Nifty trade in positive terrain; European mrkt advance
Media, realty and PSU bank shares advanced while IT, metal and oil& gas stocks declined.
Dollar index retreats amid reduced safe haven demand as Trump signals peace agreement with Iran
Dollar index is trading mildly lower on Friday, weighed down by reduced safe-haven demand as President Donald Trump said a peace agreement with Iran could be signed as soon as this weekend. According to Trump, the agreement would safely reopen shipping lanes through the critical Strait of Hormuz and include firm commitments from Iran to forgo the development of nuclear weapons, media reports stated. Sharp drop in oil prices amid improving optimism of a peace deal could ease concerns about stubborn inflation and the need for interest rate hikes in near futures is adding pressure on the greenback. The yield on the US 10-year Treasury note hovered around 4.47% on Friday. At the time of writing, DXY that measures the greenback against a basket of currencies is quoting at 99.55 after having hit 100 at the start of the week. For the week, DXY is down around half a percent.
Wall Street posts best rally in 2 months after Trump halts strikes on Iran
US stocks rallied to their best day in two months, and oil prices fell Thursday after President Donald Trump called off his threat to bomb Iran in the evening. That raised hopes for a potential deal that could get the global flow of oil going again. The S&P 500 jumped 1.8%, coming off a back-to-back drop that had yanked it back to where it was in early May. The Dow Jones Industrial Average leaped 929 points, or 1.9%, and the Nasdaq composite rallied 2.5%. Stocks immediately veered higher in midday trading after Trump said on his social media network that "discussions with the Islamic Republic of Iran have been brought to the highest level of Iranian leadership and approved" and that the time and place of a signing will "be announced shortly." A deal to end the war with Iran could reopen the Strait of Hormuz and allow oil tankers to carry crude again from the Persian Gulf to customers worldwide. The price for a barrel of benchmark US crude sank 2.6% to $87.71. Brent crude, the ...
Oil falls to two-month low as Trump says Iran deal could be signed this weekend
According to media reports, Iran has not yet approved any draft agreement with the United States. The US military carried out a second day of strikes on Iran on Thursday after Trump accused Tehran of delaying negotiations over an interim peace arrangement.