Market News
Stay updated with the latest market trends, earnings, and economic indicators.
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.
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