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Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?
Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures. Vedanta Oil & Gas and Vedanta Power also saw their stock prices fall since listing.
AI Stocks Power Wall Street Higher as S&P 500 Nears Record, Dow Hits Fresh High Despite Mixed Market
AI-driven gains lifted U.S. markets, with Broadcom surging on an Apple deal, while oil prices eased after OPEC+ boosted output. Investors now await SK Hynix's massive Nasdaq listing as AI momentum faces its next big test.
India's fuel consumption drops 3.7% in June from previous month
India's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant year-on-year decrease of over fourteen percent. Gasoline sales were down month-on-month but showed annual growth, while diesel consumption rose annually. Naphtha sales experienced a substantial year-on-year drop, and fuel oil usage also declined. Windfall taxes on certain fuel exports were adjusted by the government last month.
India Stocks Open Steady as Nifty Holds Above 24,400 Despite Higher Oil Prices - Investing.com India
India Stocks Open Steady as Nifty Holds Above 24,400 Despite Higher Oil PricesInvesting.com India
Sensex rises over 150 points, Nifty above 24,450 as market extends gains for the 5th consecutive day
Indian stock markets traded higher on Tuesday, extending gains for a fifth consecutive session. Oil prices remained near pre-war levels, and foreign investors continued their buying trend. Sensex and Nifty both saw upward movement, with broader markets also participating in the rally. Certain sectors like IT advanced, while others experienced declines. Experts anticipate an uptrend supported by economic fundamentals and favorable interest rates.
Stock Market News: Sensex, Nifty Rise At Open Tracking Wall Street Gains, But Fresh Oil Tanker Attack Limits Upside - Outlook Money
Stock Market News: Sensex, Nifty Rise At Open Tracking Wall Street Gains, But Fresh Oil Tanker Attack Limits UpsideOutlook Money
Dixon Tech, Coforge, 8 other stocks among Motilal’s non-Nifty ideas ahead of Q1 results
Motilal Oswal has identified ten non-Nifty stocks for investors ahead of quarterly earnings. The brokerage anticipates healthy revenue growth across various market capitalizations. TVS Motor and Dixon Technologies are among the top picks with significant upside potential. Radico Khaitan and Indian Hotels Company also show promising revenue growth prospects. Coforge and Kirloskar Oil Engines are also highlighted for their future performance.
Explained - Why Saudi Arabia's latest move is a positive for HPCL, BPCL, and IOC
While shares of HPCL, BPCL and Indian Oil are up between 7% to 10% over the last one month, there are still down between 15% to 20% for the year.
NEWSLETTER: Indian shares rise aided by positive corporate updates, lower oil, foreign inflows - Reuters
NEWSLETTER: Indian shares rise aided by positive corporate updates, lower oil, foreign inflowsReuters
Oil prices edge higher as focus shifts to supply recovery and demand
Brent crude futures gained 28 cents, or 0.39%, to $72.29, and US WTI crude rose to $68.84 a barrel, up 29 cents, or 0.26% as of 0046 GMT, after settling down to around pre-Iran war levels on Monday
Wall Street warms to India’s markets as oil pressures fade - The Economic Times
Wall Street warms to India’s markets as oil pressures fadeThe Economic Times
Crude oil prices rise on hopes of stronger demand; Brent above $72 per barrel
US-Iran war: Brent crude futures rose 28 cents, or 0.39%, to $72.29 a barrel, while US West Texas Intermediate (WTI) crude climbed 29 cents, or 0.26%, to $68.84 a barrel.