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OMCs get a breather from cooling oil prices, but the coast is not all clear
As the West Asia conflict approaches resolution, Indian oil marketing companies (OMCs) are breathing a sigh of relief. With Brent crude prices falling below $80 per barrel, there's optimism for a financial rebound in the sector.
Reliance Industries Ltd soars 0.02%, gains for fifth straight session
Reliance Industries Ltd is quoting at Rs 1329.1, up 0.02% on the day as on 12:44 IST on the NSE. The stock is down 7.06% in last one year as compared to a 3.09% drop in NIFTY and a 12.31% drop in the Nifty Energy.
IOC, BPCL and HPCL could each gain over ₹20,000 crore from lower crude prices: ICICI Securities
Probal Sen, Senior Research Analyst covering the Indian Oil & Gas Sector, Indian Agrichem Sector, Institutional Equities at ICICI Securities, expects lower crude oil prices, easing liquefied petroleum gas (LPG) losses and improving LNG supplies to significantly boost profitability across the oil and gas sector. He also believes the market has yet to fully price in these benefits. However, Sen cautions that delayed monsoons remain a key risk for agrochemical and other agri-input companies.
Lower crude may not mean cheaper fuel immediately: NIPFP economist
Global crude oil prices may fall after Middle East peace efforts. However, fuel prices in India might not decrease immediately. Oil companies face pressure, and lower crude prices could offer them relief. A peace deal would benefit India's economy and potentially strengthen the rupee. India's long-term growth remains strong, driven by its young population and government initiatives.
Reliance Jio IPO filing nears: A look at its rise, scale, profitability
As Reliance Jio nears a reported $4 billion IPO, here's a look at how India's largest telecom operator grew, its subscriber base, services, profitability and future plans
All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
The Federal Reserve, under new Chair Kevin Warsh, starts a two-day meeting on June 16, likely keeping rates unchanged. Investors are focused on inflation and growth outlooks, with mixed economic data and easing oil supply concerns potentially influencing future policy decisions.
OMC Stocks Rally: HPCL, BPCL, IOC Shares Rise As Global Crude Oil Prices Hit Three Month Low
IOCL, BPCL, and HPCL shares opened in green amid a broader bullish sentiment across the Indian stock market.
Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surge - Rediff
Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surgeRediffIndia reclaims $5-trn market cap as US-Iran peace deal fuels bourses to six-week highMoneycontrol.comSensex Today Rallies 544 Points | Nifty Above 23,950 | HCL Technologies Up 4%Equitymaster
Reliance Jio IPO: RIL's telecom arm may file draft papers for $4 billion public issue within days, says report
Reliance Jio Infocomm is preparing to file for a $4 billion IPO, potentially becoming India's largest public offering. This move follows a significant fundraising history and aims to enhance Jio's operational capabilities while managing valuation expectations ahead of its upcoming AGM.
Stock Markets Rally on Falling Crude Oil Prices & IT Gains - Rediff MoneyWiz
Stock Markets Rally on Falling Crude Oil Prices & IT GainsRediff MoneyWiz
U.S. stocks mixed as oil tumbles below $80 on hopes of U.S.-Iran deal; Fed meets on rates
Brent crude slides after optimism about a tentative U.S.-Iran agreement to reopen the Strait of Hormuz, weighing on inflation fears and energy stocks while the Fed meets under new chair Kevin Warsh and tech names wobble amid AI-driven volatility.
Marico Cuts Parachute Oil Price By 17% As Copra Costs Fall; Jasmine Hair Oil Rate Up
Industry experts say the recent fall in copra prices has provided Marico room to reprice its coconut oil portfolio.