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Crude oil prices slide 19% in May, post worst monthly fall since 2020; Will US-Iran peace deal deepen losses?
Crude oil prices fell on 29 May after tentative US-Iran ceasefire talks raised hopes for smoother oil flows. Brent crude dropped nearly 19% in May, while WTI hovered around $87. Ongoing discussions may impact future prices amid geopolitical uncertainties.
Indian power firms snap up gas to meet rising night-time cooling demand
India's power companies have significantly boosted natural gas purchases from a domestic exchange, quadrupling them to combat soaring summer electricity demand. Blistering heatwaves have driven peak power needs to record highs, forcing reliance on gas-fired plants. Despite price hikes and supply challenges, this fuel is crucial for meeting demand, though shortages persist.
Banks, pharma, IT: Where this CIO is placing his bets right now
Ajit Banerjee, CIO of Shriram Life Insurance, says weak monsoon forecasts, rising food inflation and elevated crude oil prices could keep markets volatile in the near term. Despite global uncertainty, he remains cautiously optimistic on India, favouring large-cap banks, pharma, IT, FMCG and upstream oil & gas stocks. Banerjee believes India can still deliver returns if crude remains in the $85-90 range and earnings growth improves.
Markets Price the Peace Dividend as Oil Falls and Rate Fears Ease - Investing.com India
Markets Price the Peace Dividend as Oil Falls and Rate Fears EaseInvesting.com India
Mahanagar Gas Ltd up for five straight sessions
Mahanagar Gas Ltd is quoting at Rs 1106.5, up 0.3% on the day as on 12:44 IST on the NSE. The stock is down 16.5% in last one year as compared to a 3.64% gain in NIFTY and a 15.14% gain in the Nifty Energy.
Q4 Earnings Live Updates: Steel Strips Profit Remains Flat; Aegis Logistics Revenue Surges 52%
Asian Paints, IndiGo, NMDC, Glenmark Pharmaceuticals among the companies to report Q4 earnings today.
Market trades with minor cuts; oil & gas stocks decline
At 12:30 ST, the barometer index, the S&P BSE Sensex, shed 59.63 points or 0.09% to 75,808.17. The Nifty 50 index fell 54.35 points or 0.23% to 23,853.
Aegis Logistics Q4 Results: Stock jumps 8% on strong profit, revenue growth; Margins stable
During FY26, subsidiary Aegis Vopak Terminals Ltd. completed its initial public offering and was listed on the stock exchanges in June 2025. The company also transferred its Pipavav gas storage undertaking to Aegis Vopak Terminals on a slump-sale basis, resulting in a gain of ₹114.4 crore that was recognised in other income during the year.
SC quashes SEBI order against Reliance in RPL trading case; orders ₹250 crore refund
The Supreme Court has quashed SEBI's order alleging fraudulent and manipulative trades by 12 Reliance-linked entities in Reliance Petroleum shares in 2007. The court also set aside a 2020 SAT ruling that upheld the regulator's findings and directed the refund of ₹250 crore deposited by Reliance Industries.
Supreme Court sets aside Sebi ₹447 crore disgorgement order in Reliance Petroleum derivatives case
The top court overturned SAT fraud findings, but upheld limited derivatives violations in long-running 2007 trading dispute involving Reliance Industries and Reliance Petroleum.
ONGC’s higher realizations run into a production wall again
ONGC’s Q4 earnings disappointed as falling production, reserve depletion and KG basin issues overshadowed gains from higher crude prices and stronger gas realizations.
Dividends, bonuses and stock splits in June 2026: Reliance Industries, HDFC Bank, Infosys, LIC, Tata Steel, Adani Ports, others in focus - Upstox
Dividends, bonuses and stock splits in June 2026: Reliance Industries, HDFC Bank, Infosys, LIC, Tata Steel, Adani Ports, others in focusUpstox