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Stock markets rally for second day; Sensex jumps 579 points on easing crude oil prices, buying in IT - The Hindu
Stock markets rally for second day; Sensex jumps 579 points on easing crude oil prices, buying in ITThe Hindu
India oil minister calls for increased fuel storage capacity - Investing.com
India oil minister calls for increased fuel storage capacityInvesting.com
INR settles on a positive note; Easing oil prices, positive local equities support
The Indian rupee appreciated 26 paise to 94.90 against US dollar in early trade on Thursday, supported by easing crude oil prices. Rupee opened on a positive note as crude oil prices have fallen back to levels seen before the West Asia conflict. Even global risk sentiment has stabilised compared to the panic witnessed a few weeks ago. Foreign investors poured nearly USD 5.3 billion into Indian bond markets during June, marking the first month of positive inflows after three consecutive months of outflows. The Indian equity benchmarks closed sharply higher, with the BSE Sensex surging 579.48 points (0.75%) to settle at 77,502.12 and the NSE Nifty 50 advancing 169.85 points (0.71%) to end at 24,175.70.
US markets today: Wall Street futures mixed ahead of US jobs data amid deepening tech sell-off
US stock futures traded mixed on Thursday as investors awaited the closely watched June jobs report, which could shape expectations for the Federal Reserve's next interest rate move. Technology stocks remained under pressure following a sharp sell-off in Asian chipmakers, while oil prices fell for a third straight session amid signs of progress in US-Iran talks and improving crude flows through the Strait of Hormuz.
India not exporting fuel directly to Russia, any supplies are trader-led: Puri
India's Oil Minister, Hardeep Singh Puri, has stated that Indian companies are not directly supplying refined fuels to Russia. While reports suggested Moscow was importing gasoline from India to address shortages, Puri clarified that any Indian-origin refined fuel reaching Russia is likely through intermediaries. This distinction aims to address concerns about direct sales to Moscow.
Sensex jumps 579 points; Nifty tops 24,150 on IT, auto rally
Benchmark indices extended their gains for a second straight session on Thursday, supported by broad-based buying in IT and auto stocks. Sentiment was also buoyed by easing crude oil prices amid ongoing US-Iran peace talks. The Nifty closed above the 24,150 mark, while the Nifty IT index rebounded nearly 5% after four consecutive sessions of losses. Broader markets outperformed, led by small-cap stocks, although PSU bank shares bucked the trend and ended lower.
Stock markets rally for 2nd day on easing crude oil prices, buying in IT firms - Awaz The Voice
Stock markets rally for 2nd day on easing crude oil prices, buying in IT firmsAwaz The Voice
Indian shares outperform Asia as oil drops, IT rebounds - Reuters
Indian shares outperform Asia as oil drops, IT reboundsReuters
Sensex gains 579 points, Nifty ends above 24,150: 5 reasons why stock market rose today
Indian indices rose, Sensex up 579 pts, Nifty above 24,150, led by IT stocks, oil companies. Bank of Baroda fell on NMC Health settlement.
Top Gainers & Losers on 2 July: Zensar Tech, TCS, Coforge, Apollo Tyres, Bharat Forge, Anant Raj among top gainers
Dalal Street saw gains for the second consecutive day, driven by technology stocks and easing crude oil prices. Nifty 50 rose 0.71% to 24,175, while the Sensex gained 0.75% to 77,502. The Nifty IT index surged 4.5%, marking its biggest gain since January.
USD/JPY, Oil Forecast: 2 Trades to Watch - Investing.com India
USD/JPY, Oil Forecast: 2 Trades to WatchInvesting.com India
Vedanta Oil & Gas zooms 40% in 2 days; should you buy, hold or sell stock?
The average trading volumes on Vedanta Oil & Gas counter more than doubled with a combined 361 million equity shares changing hands on the NSE and BSE.