Market News
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Oil steadies as tanker hit in Strait of Hormuz highlights risks
Brent was above $72 a barrel after a small decline on Monday. Meanwhile, West Texas Intermediate was close to $69 a barrel.
Pre-market action: Here's the trade setup for today's session
Indian equity markets concluded Monday's trading session on a higher note. The Nifty index experienced a gain of 0.7 percent during the day. Market participants are now anticipating the upcoming Q1FY27 earnings season. Analysts expect gradual market gains supported by stable oil and rupee. Foreign and domestic institutional investors showed net buying activity.
Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestle, Indian Oil
Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer for sale. Nestle announced the establishment of a new Global Capability Center in Hyderabad.
Hot Stocks: 3 stocks that may give returns between 16-24%
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
Auto retail sales surge 22% to record 2.56 million in June; Dealers expectgrowth momentumto continue withrains picking up
Vehicle retail sales reached a record high in June, showing a significant year-on-year increase. This robust growth was supported by strong demand across various vehicle segments. Improved supplies and easing crude oil prices are expected to sustain this positive momentum. Two-wheeler sales saw a notable rise, with electric models gaining significant market share. Rural markets demonstrated strong traction in commercial vehicle sales, indicating broad economic recovery.
ET Graphics: Crude oil retreats, but India's fuel bills stay up
China has reduced fuel prices, mirroring pre-war levels as crude oil costs decline. Indian private retailer Nayara Energy also cut its fuel rates recently. State-run firms have not yet followed suit after substantial first-quarter losses. These companies incurred nearly seventy-five thousand crore rupees in losses. This situation arose due to delayed fuel price adjustments by the government.
Rupee hits three-week low as OMC dollar demand, NDF maturities weigh
The rupee slipped to a three-week low as dollar buying by oil firms and NDF demand offset support from lower crude oil prices
Sensex, Nifty end at highest levels in 10 weeks on HDFC Bank, oil boost
Indian equity benchmarks rose to their highest closing levels in about 10 weeks, supported by HDFC Bank, easing crude oil prices and continued foreign portfolio investor inflows
Why the Indian rupee isn't recovering despite oil cooling off
The surge in oil prices during the West Asia conflict pushed the Indian rupee to historic lows, but the subsequent fall in crude has yet to revive the currency. Here's why.
Nasdaq futures lead US stocks higher as tech rebounds, oil slips
US stock futures advanced on Monday, led by a rebound in technology shares, while oil prices fell after OPEC+ agreed to increase production from August. Investors are also awaiting key economic data and Samsung's earnings for fresh market cues.
TSX futures inch higher as oil price fall eases some inflation fears - Investing.com India
TSX futures inch higher as oil price fall eases some inflation fearsInvesting.com India
US stock market today: S&P, Nasdaq futures jump up to 1% as tech stocks recover; crude oil extends decline
US stock futures rose, led by gains in tech shares and falling crude prices. Nasdaq 100 futures rose 1%, while the Dow remained stable. Investors await critical Federal Reserve meeting minutes and earnings reports from major companies, including Delta Air Lines and PepsiCo.