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INR gathers momentum as oil pulls back sharply
The Indian rupee gathered momentum in opening trades on Friday as oil prices slumped sharply on improving optimism of a possible peace deal between US and Iran. Rupee opened at Rs 95.40 per dollar and hit a high of 95.18 so far during the day. Yesterday, the counter settled at Rs 95.85. Loal equities are also seen opening on a strong footing after Wall Street's three major indexes posted their biggest daily gains since April 8 overnight on hopes for a Midde East peace deal. U.S. President Donald Trump claimed an agreement to end the war with Iran had been reached and would be signed shortly, possibly in Europe this weekend with Vice President JD Vance attending on his behalf. NIFTY 50 is trading at 23,368.55, up by 206.95 points (+0.89%) while BSE SENSEX is trading at 74,639.93, up by 807.38 points (+1.09%).
Vedanta group's 4 demerged businesses set for stock market debut on June 15
Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...
Oil India Shares Dip As Morgan Stanley Expects Stock To Fall In Next 30 Days — Check Target Price
Oil India share price dipped up to 2.11% trading at Rs 420.3 apiece after Morgan Stanley expected the stock to show weakness in the next 30 days.
US 'Specifically' Asked India To Buy Russian Oil In 2022: EAM S Jaishankar
India emerged as one of the largest buyers of discounted Russian crude.
Sensex rises 1,000 pts intra-day; Nifty above 23,450: Key reasons here
Easing geopolitical tensions, fall in crude oil prices are few of the major reasons why Sensen and Nifty50 surged today; check more details
HPCL, BPCL, IOCL Shares Rally 3% As Brent Crude Falls To $86/Barrel
Brent crude fell nearly 2% at the open to $88.79 a barrel after ending the previous session at a two-month low, and is now trading at $86.70. US benchmark West Texas Intermediate traded near $89 a barrel.
Why is market rising today? Sensex zooms 1,000 points, Nifty above 23,400. 4 key factors powering the rally
Indian stock markets surged on Friday, with Sensex and Nifty gaining over 1%, driven by optimism surrounding a potential US-Iran peace deal and easing crude oil prices. Hopes of the Strait of Hormuz reopening boosted investor confidence, leading to broad-based gains across sectors and a significant increase in market capitalization.
Nifty, Sensex Surge as Rupee Strengthens and Oil Prices Ease - Investing.com India
Nifty, Sensex Surge as Rupee Strengthens and Oil Prices EaseInvesting.com India
Markets surge as crude oil falls below $90 amid hopes of US-Iran breakthrough - India Today
Markets surge as crude oil falls below $90 amid hopes of US-Iran breakthroughIndia Today
Rupee rises 39 paise against US dollar as crude oil prices ease
Indian rupee opens 39 paise stronger against US dollar as crude oil prices fall on renewed US Iran deal hopes, easing energy cost concerns.
Hindustan Oil Exploration Company consolidated net profit declines 84.81% in the March 2026 quarter
Sales reported at Rs -205.89 crore
Rupee jumps 39 paise to open at 95.37 against US dollar
Rupee rises to 95.37 against USD, driven by declining oil prices and hopes for an Iran peace deal. Record inward remittances of USD 110.47 billion in FY26 offer some relief, but long-term stability requires consistent foreign capital. Analysts urge caution amid geopolitical tensions.