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Mcap of 9 most valued firms jumps ₹2.15 trn, Airtel biggest winner
The combined market valuation of nine of the top-10 most valued firms jumped by Rs 2.15 lakh crore last week, with Bharti Airtel emerging as the biggest winner, in line with improving global risk sentiment. Last week, the BSE benchmark Sensex jumped 1,274.95 points, or 1.68 per cent. "Indian equity markets extended their recovery during the week, supported by easing geopolitical concerns, softer crude oil prices, and improving global risk sentiment. Although negotiations remain ongoing and the agreement is yet to be fully implemented, the reduction in geopolitical uncertainty has significantly improved market sentiment," Ponmudi R, CEO - Enrich Money, an online trading and wealth tech firm, said. The market valuation of Bharti Airtel surged by Rs 52,432.67 crore to Rs 11,62,963.30 crore, the most among the top-10 firms. Life Insurance Corporation of India (LIC) added Rs 51,675.23 crore, taking its valuation to Rs 5,56,726.30 crore. The valuation of Bajaj Finance soared by Rs 26,55
India may take a leaf from China's book for oil pool
India may adopt a China-like strategy for its oil reserves. Refiners could be required to hold significantly more crude oil. This move aims to protect the nation from future supply shocks. The proposal is in its early stages. Refiners might face substantial costs for storage and oil purchases. This policy could bolster India's energy security.
India Sees Oil Flow Recovery Taking Weeks After Hormuz Reopening
Crude oil prices could take up to one year to normalise to pre-war levels, say analysts.
Oil prices to ease after US-Iran deal, but return to pre-war levels could take months: Analysts
Energy markets anticipate price moderation for crude oil and liquefied natural gas. A potential US-Iran peace agreement and the reopening of the Strait of Hormuz are key factors. However, analysts warn of continued volatility due to supply disruptions and low inventories. India's energy security and import costs are expected to improve. Full market normalisation may take months.
Nifty tops 23,850 as oil slump sparks broad-based rally
The key equity benchmark indices extended gains for a second consecutive session on Monday, supported by a sharp decline in crude oil prices and optimism surrounding a US-Iran peace agreement. Buying was broad-based, with most sectoral indices ending in the green. Investor sentiment was further buoyed by strong global cues, a stronger rupee and easing market volatility. The Nifty settled above the 23,850 mark, led by gains in consumer durables and auto stocks. However, pharma and healthcare shares bucked the trend and closed lower.
SpiceJet, IndiGo take off as crude oil prices tumble on US-Iran peace deal hopes
Shares of airline operators rallied on Monday after crude oil prices fell sharply following reports of a preliminary peace agreement between the United States and Iran.
Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
Global oil prices saw a dip following news of an Iran war ceasefire and the reopening of the Strait of Hormuz. However, energy experts caution that restoring full oil and gasoline supplies will take several months. Stranded ships must depart, and new tankers will need safe passage.
Bulls Take Charge: GIFT Nifty points to gap-up opening for Dalal Street
Indian equity markets concluded a volatile week on a strong note, breaking a two-week losing streak. This surge was fueled by improving global sentiment and supportive RBI measures. The upcoming week's trading will be influenced by domestic macroeconomic data and key global policy developments, including US-Iran negotiations impacting crude oil prices.
Fuel prices to be reviewed based on crude oil supply, says Union Minister Suresh Gopi
Union Minister of State for Petroleum and Natural Gas Suresh Gopi said the government will review fuel prices based on the availability of crude oil supplies. His remarks come amid recent increases in petrol, diesel and LPG prices following supply disruptions caused by the ongoing conflict in West Asia. He said Petroleum Minister Hardeep Singh Puri would take a call after assessing the situation.
INR surges amid sharp pull back in oil prices; Sensex and Nifty jump by around 2%
The Indian rupee surged 67 paise to close at 95.18 (provisional) against the greenback on Friday as global oil prices fell sharply after US President Donald Trump indicated an imminent deal with Iran. A firm trend in domestic equity markets and a weaker American currency also supported the rupee during the day. Indian shares closed Friday's session on a buoyant note in a broad-based rally, with both frontline and broader market indexes posting sharp gains. The BSE Sensex settled at 75,527.95, surging 1,695.40 points (2.30%), and the NSE Nifty50 ended at 23,622.90, climbing 461.30 points (1.99%). Trump has reportedly said a deal to end the war with Iran is nearly complete, and is expected to be signed over the weekend in Europe, as he called off military strikes on the Islamic Republic hours after threatening to take control of its oil industry.
Stocks to watch, June 15: OMCs, paints, ONGC, Oil India, Meesho, Vedanta, Sun Pharma, Dr Reddy's - Upstox
Stocks to watch, June 15: OMCs, paints, ONGC, Oil India, Meesho, Vedanta, Sun Pharma, Dr Reddy'sUpstox
Explained - How falling crude oil prices can benefit commercial vehicle makers and lenders
Industry observers note that the impact on commercial vehicle demand will come with a lag of one to two quarters, as fleet operators will first take the benefit from lower fuel costs before expanding capacity or replacing vehicles.