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Indian shares snap 5-session rally on IT drag; log weekly gains on oil slide - Reuters
Indian shares snap 5-session rally on IT drag; log weekly gains on oil slideReuters
BFSI and oil & gas bear the brunt as foreign investors pull funds from India
Global fund managers are dumping Indian banking and oil stocks to chase AI and semiconductor opportunities in the US and East Asia. While India boasts strong loan growth, geopolitical oil volatility and compressed margins have driven foreign investors to look for better returns elsewhere.
GIFT Nifty signals muted start for Dalal Street amid cautious trade
Indian markets showed strength on Thursday, with the Nifty gaining 82 points. Investor sentiment was boosted by falling crude oil prices and a stable rupee. Optimism about a potential US-Iran agreement also supported the market. Indian equities are expected to continue their upward trend. The India VIX, a fear gauge, saw a decline.
Post-deal, Indian Oil Corp issues first tenders to lift oil, LPG from Hormuz ports
Indian Oil Corporation, India's top refiner, has issued tenders for ships. These vessels will transport liquefied petroleum gas and oil. The cargo will be lifted from ports located within the Strait of Hormuz. This marks the first such tender since a U.S.-Iran agreement. The company seeks to charter a VLGC, a Suezmax tanker, and a VLCC.
Oil prices fall to lowest after ceasefire deal, touch pre-Iran war level
Oil slid to pre-Iran war lows as the US-Iran deal eased supply fears, lifting Indian equities even as hawkish Fed signals weighed on IT and gold
PetroChina, Indian Oil fail to secure tankers to load Iraqi crude
PetroChina and Indian Oil faced difficulties securing tankers for Iraqi crude. PetroChina and Indian Oil Corp could not find vessels. Sinochem is searching for a tanker. High shipping rates and transit concerns persist. This follows an interim deal between the United States and Iran. Indian Oil Corp declared force majeure on a cargo.
Indian Oil Corporation Ltd up for five straight sessions
Indian Oil Corporation Ltd is quoting at Rs 146.19, up 0.53% on the day as on 12:44 IST on the NSE. The stock is up 5.42% in last one year as compared to a 2.73% fall in NIFTY and a 14.16% fall in the Nifty Energy.
Indian Markets Open Flat Amid Weak Global Cues, Lower Oil Prices Support Medium-Term Outlook - Open Magazine
Indian Markets Open Flat Amid Weak Global Cues, Lower Oil Prices Support Medium-Term OutlookOpen Magazine
Indian markets open flat amid weak global cues; lower oil prices support medium-term outlook - ChiniMandi
Indian markets open flat amid weak global cues; lower oil prices support medium-term outlookChiniMandi
How a hawkish Fed strengthened the dollar and weakened the rupee
Indian rupee opens lower against US dollar as Fed signals hawkish rate outlook, dollar gains despite support from lower crude oil prices.
Markets poised for a positive start as GIFT Nifty ticks higher
Indian equities saw a positive start on Wednesday, with the Sensex and Nifty paring early gains due to profit booking. Analysts anticipate a gradual upward trend driven by easing geopolitical concerns and potential West Asia conflict resolution, further bolstered by declining crude oil prices.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil prices, softer bond yields and a stronger rupee boosted sentiment. Gains in IT, metals and PSU banks lifted benchmarks, while India VIX remained subdued amid improving market confidence.