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Nifty closes above 24,400 as rally extends to fourth straight session
Benchmark indices extended gains for a fourth straight session on Monday, supported by broad-based buying. Encouraging Q1 business updates, easing crude oil prices, improving monsoon progress and receding geopolitical concerns lifted sentiment. The Nifty closed above the 24,400 mark. Auto, consumer durables, oil & gas and metal stocks led the gains, while IT and PSU bank shares ended lower. Broader market also remained firm, reflecting sustained buying interest.
Oil prices could slip below $60 if China holds back on buying, says energy expert
Global oil supplies are expected to outpace demand in the second half of the year, increasing the risk of lower crude prices. One energy expert says prices could briefly fall below $60 a barrel if China delays replenishing its strategic oil reserves, though he expects Beijing to step in if prices drop too far.
Markets surge to 4th day led by bank stocks, lower oil prices - DT Next
Markets surge to 4th day led by bank stocks, lower oil pricesDT Next
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired various grades from Angola and Nigeria, while HPCL purchased Brazilian Tupi crude. These significant purchases are slated for delivery between August and September, bolstering India's energy reserves.
National Standard (India) Ltd leads losers in 'B' group
Rajdarshan Industries Ltd, Vedanta Oil and Gas Ltd, Quint Digital Ltd and Shri Krishna Devcon Ltd are among the other losers in the BSE's 'B' group today, 06 July 2026.
Earnings could improve from Q2 as oil eases; Enam's Sridhar Sivaram stays underweight on IT, banks
Enam Holdings Investment Director Sridhar Sivaram remains underweight on IT and banks, citing weak earnings growth and intense competition, while favouring manufacturing, power equipment, pharmaceuticals, NBFCs and gold. Sivaram also recommends international diversification and expects gold to deliver double-digit annual returns over the next five years.
AU Small Finance Bank's growth engine is intact, but questions remain
Whether the momentum in the lender's mainstay vehicle financing has sustained in Q1 amid rising crude oil and commodity costs and a fading GST 2.0 push has to be seen.
Sensex, Nifty trade in positive terrain; Oil & gas shares rally
Oil & Gas shares witnessed buying demand for five consecutive trading sessions.
Three factors why ONGC shares got an upgrade from Motilal Oswal; Check latest price target
Adverse regulatory or fiscal changes, including higher government levies or changes in gas pricing mechanisms, lower-than-expected crude oil and domestic gas realisations arising from a weaker commodity price environment, are some of the key risks for ONGC.
Midcap stocks ignore Middle East war, AI worries to jump up to 85% in 2026. More rally or sharp correction ahead?
Despite a weak first half for benchmark indices, India's midcap stocks outperformed, driven by resilient domestic inflows, stronger earnings and sectoral tailwinds. Analysts expect the momentum to continue, although elevated valuations, geopolitical risks, crude oil prices and the sustainability of domestic fund flows remain key factors to watch.
Asian shares mixed, oil prices decline after Opec+ announces output hike
Asian shares and US futures were mixed on Monday following a long weekend on Wall Street, while selling of technology shares pulled benchmarks in Tokyo and Seoul lower. Oil prices slipped after OPEC+ announced Sunday that seven of its members plan to expand oil production by a combined total of 188,000 barrels per day in August. It was the fifth consecutive month OPEC+ members have agreed to raise output. The countries increasing their output are Saudi Arabia, Russia, Iraq, Kuwait, Kazakhstan, Algeria and Oman. Uncertainty over supplies persists as talks with Iran aimed at fully reopening the Strait of Hormuz appear to be on hold during funeral ceremonies for Ayatollah Ali Khamenei, which will continue for several days. In energy trading early Monday, Brent crude, the international standard, lost 25 cents to $71.87 a barrel. US benchmark crude lost 10 cents to $68.59 a barrel. Japan's Nikkei 225 lost 0.4% to 69,468.17. Tech giant SoftBank Group Corp. declined 3.4%, while computer
Vedanta Oil & Gas, Vedanta Iron & Steel, Vedanta Power shares crash up to 8% post Q1 updates; Vedanta Aluminium rises
Shares of Vedanta's recently demerged entities traded mixed after their Q1 business updates. Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell up to 8% on weaker operational performance, while Vedanta Aluminium Metal gained after reporting record quarterly aluminium production.