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Capital Market stocks: HDFC AMC, MOFSL, Nuvama rally up to 6%; here's why
With the dawn of peace in West Asia, hopefully, and the consequent sharp correction in Oil, the prospects for the Indian economy and stock market have turned for the better, says Vijayakumar of Geojit
Nifty Bank rallies 1,000 points; HDFC Bank, IndusInd, Yes Bank, and other stocks jump up to 3%. What lies ahead?
Banking stocks rallied sharply on Monday, pushing the Nifty Bank index nearly 1,000 points higher as easing geopolitical tensions and falling oil prices boosted sentiment. Analysts expect lenders to lead the market rally, citing attractive valuations, RBI support measures, improving technical indicators and favourable risk-reward in major private banks.
Indian 10-year bond yield hits 12-week low on US-Iran peace deal, crude oil price slide
The yield on the benchmark 6.94% 2036 note dropped 3.2 basis points to 6.8637%, its lowest intraday level since March 25. The yield is now 20 bps above pre-war levels.
US-Iran peace deal eases oil risk premium, supply risks persist
Oil markets declined on US–Iran peace signals as traders unwound geopolitical risk premiums, though supply constraints and infrastructure damage are expected to limit any near-term recovery in output.
Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?
US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.
Hormuz halt forces Middle East trade into huge rewiring
A year after a US-Israel and Iran conflict, Siemens Energy explored alternative routes to Dammam, Saudi Arabia, due to potential Strait of Hormuz closures. Recent conflict forced these plans into action, disrupting global supply chains and prompting companies like Spinneys and DP World to utilize extensive road networks across the Arabian Peninsula to maintain operations and ensure critical material availability.
OMCs to infra: Analysts pick sectors likely to gain from US-Iran peace deal
Among sectors, Bernstein expects oil marketing companies (OMCs) will likely stand to benefit from reduced crude oil prices that dropped around 4 per cent on Monday to $83 a barrel (bbl)
Vedanta Aluminium, Power, Oil & Gas, Iron & Steel Shares Debut On BSE, NSE: Five Things To Know
Vedanta's businesses were reorganised into five separate entities.
Trump Backs Off Iran Bombing Threat, Sending Stocks Soaring and Oil Prices Tumbling
The S&P 500 surged 1.8% and oil prices dropped sharply after Trump called off plans to bomb Iran, raising hopes for a deal that could reopen the Strait of Hormuz and ease global inflation pressures.
Vedanta Aluminium, Power, Oil & Gas, Iron & Steel Debut On NSE, BSE: Check Listing Prices
Vedanta had earlier said that the demerger will help in simplifying Vedanta's corporate structure with sector-focussed independent businesses and provide opportunities to global investors, including sovereign wealth funds, retail and strategic investors, with direct investment opportunities in dedicated pure-play companies through Vedanta's assets.
JSW Energy gains on acquiring Chhattisgarh-based thermal power plant operator
JSW Energy added 1.32% to Rs 567 after the company said that it has signed a definitive agreement with Kolahai Infotech and SFI Parcel Services to acquire 100% equity shares of Maruti Clean Coal & Power (MCCPL).
Pidilite, BPCL, TBO Tek, Berger Paints: Crude-Linked Stocks Rally Across Sectors After US-Iran Peace Deal
Brent crude futures for August delivery fell about 4% to $83.77 a barrel, while WTI crude futures for July delivery dropped 4.77% to $80.83 a barrel.