Market News
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Hindustan Zinc shares tumble 5% to 6-week low after report of govt's plan to sell 2% stake for Rs 5,000 crore
Hindustan Zinc shares fell sharply on Friday after a report said the government may sell up to a 2% stake in the company to raise around Rs 5,000 crore. The proposed divestment comes amid broader disinvestment efforts, with recent stake sales in Coal India and NHPC.
Indian companies willing to deepen presence in Venezuela, says Minister Hardeep Singh Puri
India is looking to deepen its energy partnership with Venezuela, with Indian companies expressing readiness to expand their presence. This move is part of India's strategy to diversify energy sources amid disruptions to global oil supplies caused by the West Asia conflict. Venezuela's vast oil reserves make it a key player in India's efforts to secure stable crude supplies.
S&P 500 Notches 10th Gain in 11 Days as Oil Drop Lifts Dow to Record
The Dow surged 874 points to an all-time high as falling oil prices and easing Treasury yields boosted banks and small-caps while AI chipmakers Broadcom and Micron weighed on the Nasdaq.
BPCL, Wipro, ITC among list of 15 high dividend yield stocks. Do you own any?
Amid market volatility, investors are capitalizing on dividends from Indian companies. IDBI Capital identified 15 high dividend yield stocks from the NSE 500 index, including BPCL, Wipro, and ITC, offering investors attractive returns.
INR regains momentum with all eyes on RBI monetary policy
The Indian rupee is regaining some momentum in opening trades on Friday as the global crude oil prices eased and market participants keenly awaited the RBI's MPC decision today. Heightened geopolitical tensions between the US and Iran drove energy volatility and aggressive safe-haven buying capped sharp gains in the local unit. INR opened at Rs 95.72 per dollar and hit a high of 95.63 so far during the day. Yesterday, rupee depreciated 7 paise to close at 95.83 against the US dollar. Local markets opened in the green with investors closely watching the Reserve Bank of India (RBI) monetary policy announcement scheduled for today. The Indian benchmark indices are trading higher today, with the NIFTY 50 hovering around 23,442.30 (+0.11%) and the S&P BSE SENSEX trading at 74,556.68 (+0.26%).
Adani Ports shares snap 2-day fall, rise over 1% after Goldman Sachs raises target price
Shares of Adani Ports saw an uptick on Friday after Goldman Sachs reaffirmed its ‘Buy’ rating and raised the target price to Rs 1,870. Strong cargo volume growth, recovery in thermal coal volumes, Vizhinjam hub expansion, and improving returns prompted the brokerage to upgrade earnings estimates and outlook.
IIFL Capital's GV Giri sees biggest upside in financials, bullish on metals and internet stocks
GV Giri, President and Head of Research – Institutional Equities at IIFL Capital Services, expects the current phase of earnings downgrades to end after the June quarter and sees lower crude oil prices as a key trigger for markets.
India set to hike biogas prices, subsidies under new program
India is launching a new program to significantly increase compressed biogas production. Higher guaranteed purchase prices and subsidies will encourage new plant development. This initiative aims to reduce carbon emissions and reliance on imported fossil fuels. The policy seeks to expand operational biogas plants from around 200 to 700.
Oman Suspends Oil Loading At Mina al Fahal Terminal After Explosion: Report
Iran's state media on Thursday claimed the country's navy had targeted a US military vessel in the Sea of Oman, an allegation which was denied by US Central Command.
Coal India unit BCCL greenlights measures to ease diesel price stress on contractors
Bharat Coking Coal Ltd, a unit of Coal India, has approved interim measures. These steps aim to ease financial strain on contractors. The strain is caused by a sharp increase in bulk diesel prices. The decision was made by BCCL's Committee of Functional Directors. This framework will help eligible ongoing contracts affected by the abnormal rise in diesel costs.
Oil price steadies amid US-Iran ceasefire uncertainty; Brent hovers at $95. What's the near-term outlook?
US-Iran war: Crude oil prices on Multi Commodity Exchange witnessed an upward movement, tracking global prices. MCX crude oil prices rose by over 1.04% to ₹8,934 per barrel.
Emkay raises FY27 Brent crude forecast to $90/bbl, cuts GDP outlook to 6.3%
Emkay Global has raised FY27 Brent crude oil price forecast to $90 per barrel citing West Asia tensions and inventory depletion. It has cut India's GDP growth outlook to 6.3 per cent