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Vedanta Power, Iron & Steel and Oil & Gas shares crash up to 8%. What’s triggering the selloff?
Vedanta shares saw profit-taking after a strong rally in newly demerged entities, with most segments falling up to 8% over 14 sessions. Vedanta Aluminium Metal outperformed and gained 2%, drawing bullish calls from brokers including Emkay and Citi, which see strong upside potential driven by global aluminium demand, cost efficiencies, and improving leverage, making it the preferred long-term pick.
Asia stocks rebound as chipmakers recover from selloff; weak oil boosts sentiment - Investing.com India
Asia stocks rebound as chipmakers recover from selloff; weak oil boosts sentimentInvesting.com India
Nifty, Sensex Rise as Rupee Strengthens Despite Higher Crude Oil Prices - Investing.com India
Nifty, Sensex Rise as Rupee Strengthens Despite Higher Crude Oil PricesInvesting.com India
Stock Market LIVE: GIFT Nifty rises over 100 pts; Asia markets rebound from tech sell-off
Sensex Today | Stock Market LIVE Updates, July 3: The GIFT Nifty indicated a positive open as oil prices held steady below $72 per barrel. Asian markets rebounded from early losses
Petrol, Diesel Prices On July 3: Check New Fuel Rates In Mumbai, Bengaluru, Chennai, Kolkata, And More
Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.
Oil Prices On July 3: Brent Crude Edges Lower To $71 As Saudi Shipments Rise, US-Iran Talks Continue
Brent crude traded above $71 a barrel, while West Texas Intermediate (WTI) hovered near $68, with both benchmarks on track to post a fourth consecutive weekly decline.
Asian Markets Today: Nikkei, Kospi Decline Despite Record Dow As Fed Rate-Cut Hopes Grow
Lower oil prices and softer U.S. jobs data strengthened expectations that the Federal Reserve may keep interest rates unchanged.
Crude inventory hits 1-year high on stronger imports
India's crude oil reserves have surged to a near one-year peak, reaching 104 million barrels by June's end. This rebound follows a significant drawdown in the preceding months, driven by strong import volumes that replenished stocks. Current reserves can sustain approximately 21 days of consumption, easing concerns over supply disruptions, particularly with the Strait of Hormuz transit now more stable.
State oil companies lose ₹75,000 cr in Q1 on low prices: Oil minister Hardeep Singh Puri
State-run oil companies reported a significant loss of ₹74,781 crore in the April-June quarter due to selling fuel below market rates. Despite a global crude price drop, domestic pump prices remain unchanged as refiners process higher-priced crude. A reduction in retail fuel prices may be considered if current crude prices persist, while bulk diesel prices have narrowed the gap with retail rates.
Air India cuts fuel surcharges for North America, Europe flights
Air India has significantly reduced fuel surcharges on flights to North America, Australia, Europe, and the UK, effective July 1. This move follows a recent easing of oil prices after an earlier surge linked to the West Asia conflict. The airline had initially implemented higher surcharges in April due to rising operational costs. These revised rates offer considerable savings for travelers on these international routes.
Air India slashes fuel surcharges on long-haul international flights as oil prices fall: How airfares will change
The fuel surcharge for flights to North America and Australia has been lowered to $200 per ticket from $280. For services to Europe and the UK, the surcharge has been reduced to $125 from $205.
BPCL raises stake in Brazil's IBV to 100% with ₹2,312 crore deal
BPCL has acquired the remaining 39.14% stake in Brazil's IBV for ₹2,312 crore, taking full ownership of the oil and gas company as it looks to strengthen India's energy security.