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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.
Stocks to watch, June 15: OMCs, paints, ONGC, Oil India, Meesho, Vedanta, Sun Pharma, Dr Reddy's - Upstox
Stocks to watch, June 15: OMCs, paints, ONGC, Oil India, Meesho, Vedanta, Sun Pharma, Dr Reddy'sUpstox
IndiGo, SpiceJet rally up to 7% as crude oil decline lifts D-St sentiment
ATF typically accounts for about 40 per cent of airline operating expenses and can rise to as much as 60 per cent during periods of sharp volatility.
Nifty Bank surges 700 points to one-month high; HDFC Bank, Yes Bank, PNB, other stocks rise 2%. What lies ahead?
Bank stocks saw a significant jump on Friday, propelling the Nifty Bank index to a one-month peak. This surge followed news of a potential peace deal between the US and Iran. Oil prices declined and the Indian Rupee strengthened, boosting overall market sentiment. Several major bank stocks experienced gains, indicating renewed investor confidence in the banking sector.
Explained - How falling crude oil prices can benefit commercial vehicle makers and lenders
Industry observers note that the impact on commercial vehicle demand will come with a lag of one to two quarters, as fleet operators will first take the benefit from lower fuel costs before expanding capacity or replacing vehicles.
Stocks Surge to Best Day in Two Months as Trump Pulls Back Iran Bombing Threat, Oil Prices Tumble
S&P 500 jumps 1.8%, Dow leaps 929 points, and Nasdaq rallies 2.5% as easing Iran tensions spark hopes for renewed oil flows, cooler inflation, and a Fed rate pause-while AI and chip stocks swing wildly again.
OMC stocks gain as crude oil drops on hopes of US-Iran peace deal
Shares of oil marketing companies (OMCs) advanced after crude oil prices dropped to a two-month low amid reports of a potential peace deal between the United States and Iran.
SBI shares can rally 30%; Jefferies says these factors will drive those returns
Jefferies remains constructive on SBI's outlook, citing the bank's consistent improvement in deposits per branch, lower reliance on priority sector lending certificates (PSLCs), growing fee income from bancassurance partnerships and limited buffer provisions.
Asian shares surge, oil dips after Trump claims progress in Iran war talks
Asian shares climbed sharply on Friday, tracking big Wall Street gains, and oil prices slipped after US President Donald Trump claimed there was a breakthrough in talks to end the Iran war. US futures edged higher. South Korea's Kospi jumped 7.8 per cent to 8,370.82, narrowing losses from earlier this month from sell-offs of shares related to artificial intelligence. The Kospi has roughly doubled over the past six months, with a record closing high of 8.801.49 on June 2. Samsung Electronics, South Korea's most valuable company, advanced 11.2 per cent. Computer chipmaker SK Hynix rose 7.2 per cent. Tokyo's Nikkei's 225 gained 3.5 per cent to 66,442.95, also led by gains for technology stocks. SoftBank Group, a multinational investment holding company with a strong AI focus, was up 2 per cent. Chip equipment maker Tokyo Electron jumped 10.3 per cent. Hong Kong's Hang Seng gained 1.8 per cent to 24,689.32 and the Shanghai Composite index rose 1.6 per cent to 4,050.51. In Australia,
OMCs gain up to 5%; upstream stocks fall 2% as Brent dips below $90/bbl
Oil market companies (OMCs) gain, while upstream oil companies fall after brent crude oil prices fell
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
Vedanta demerger: Which demerged stock should you buy after their market debut on June 15?
Vedanta's mega demerger sees four new companies listing on June 15. Analysts suggest Vedanta Aluminium Metal as a strong buy due to capacity expansion and robust LME prices. Other demerged entities like Vedanta Power, Oil & Gas, and Iron & Steel are expected to debut as small-cap stocks.