Market News

Asian shares mixed, oil prices decline after Opec+ announces output hike

Asian shares and US futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ members have agreed to raise output. The countries increasing their output are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. Uncertainty over supplies persists as talks with Iran aimed at fully reopening the Strait of Hormuz appear to be on hold during funeral ceremonies for Ayatollah Ali Khamenei, which will continue for several days. In energy trading early Monday, Brent crude, the international standard, lost 25 cents to $71.87 a barrel. US benchmark crude lost 10 cents to $68.59 a barrel. Japan's Nikkei 225 lost 0.4% to 69,468.17. Tech giant SoftBank Group Corp. declined 3.4%, while computer

Zen Tech, HAL & other defence stocks rally up to 6% on DAC's Rs 52,000-crore approval. Motilal picks 3 shares to buy

Defence stocks rallied sharply on Monday after the Defence Acquisition Council approved procurement proposals worth around Rs 52,000 crore. Zen Technologies, ideaForge, HAL, BEL, Paras Defence and Data Patterns gained, while Motilal Oswal reiterated its 'Buy' ratings on HAL, Bharat Electronics and Astra Microwave.

Poly Medicure among 4 stocks that closed below VWAP

Four Nifty500 stocks, Poly Medicure, Aditya Birla Real Estate, Siemens Energy India, and Onesource Specialty Pharma, closed over 2% below their VWAP on July 3, indicating potential bearish momentum and heightened selling pressure, according to technical scan data.

Dixon Tech share price target raised; Investec now sees 30% upside

Investec sees further upside from a potential recovery in mobile exports, particularly if the proposed PLI 2 scheme is implemented, along with Dixon Technologies' planned entry into the speciality EMS segment through acquisitions.

TCS, Infosys, Tech Mahindra And More Stocks In Focus As Systematix Reinitiates Coverage Ahead Of Q1 Results

With a 31% correction in the Nifty IT index over the past year, valuation multiples have compressed to historically low levels, adds Systematix.

Tech Mahindra Share Price Live Updates: Tech Mahindra's Volume Performance

HCL Tech Share Price Live Updates: HCL Tech's Trading Activity

Nifty outlook: Buy the dips, says Angel One; likes IndusInd Bk, Zydus Life

Hitesh Rathi of Angel One recommends adopting a buy on dips approach for the Nifty, with prior resistance zone of 24,180-24,100 now likely to act as an immediate support cluster.

Asian stocks today: Kospi, Nikkei rise up to 3% amid tech rally, falling crude oil prices

Asian stocks today: South Korea’s Kospi climbed 2.9%, while Japan’s Nikkei 225 edged up 0.2%.

Asian shares gain as tech rebound holds, oil prices slip

South Korea's Kospi index was up 2.9% while Japan's Nikkei 225 was up 0.2%. MSCI's Asia Pacific Index was increasing 0.3% with over two shares rising for every one which declined.

Lenders temper Vi business plan, seek group's guarantor for massive loan

Lenders are prevailing upon the company to scale back its financial projections, while also demanding a corporate guarantee from another Aditya Birla Group firm, according to two people aware of the development.

Indian equities emerge as AI-hedge haven as global tech rally wobbles - investingLive

Indian equities emerge as AI-hedge haven as global tech rally wobblesinvestingLive