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Vedanta Oil & Gas, Vedanta Iron & Steel, Vedanta Power shares crash up to 8% post Q1 updates; Vedanta Aluminium rises
Shares of Vedanta's recently demerged entities traded mixed after their Q1 business updates. Vedanta Oil & Gas, Vedanta Iron & Steel and Vedanta Power fell up to 8% on weaker operational performance, while Vedanta Aluminium Metal gained after reporting record quarterly aluminium production.
Stock markets today: Sensex, Nifty rally as bank stocks surge, crude oil prices dip - Rediff
Stock markets today: Sensex, Nifty rally as bank stocks surge, crude oil prices dipRediff
Markets climb in early trade on buying in blue-chip bank stocks, lower oil prices - ETCFO.com
Markets climb in early trade on buying in blue-chip bank stocks, lower oil pricesETCFO.com
Sensex, Nifty Rally: Bank Stocks '' Lower Oil Drive Gains - Rediff MoneyWiz
Sensex, Nifty Rally: Bank Stocks '' Lower Oil Drive GainsRediff MoneyWiz
Kirloskar Oil Engines shares snap six-day losing streak after BofA Securities projects 26% upside
Kirloskar Oil Engines is now focused on executing its first hyperscaler project successfully, which Kirloskar said will help win more business in one of the fastest growing markets for power generation equipment.
INR slips in opening trades as dollar recovers marginally; downside seen limited
The Indian rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by slight uptick of the American currency in the overseas market. However, positive cues from local equities and easing international oil prices are likely to limit downside in the counter. Indian shares are seen opening in green, with underlying sentiment likely to remain underpinned by improving earnings visibility and expectations of a more supportive global liquidity environment going forward. The BSE Sensex gained 176.99 points (0.23%) to open at 77,940.90, while the NSE Nifty 50 rose 36.00 points (0.15%) to open at 24,306.85.
One tycoon makes millions from 'dark' journeys on a dangerous oil route while others feared Hormuz
Amidst the Persian Gulf war, the UAE secretly navigated its oil exports through the Strait of Hormuz using 'dark' ship transits. Korean shipping tycoon Ga-Hyun Chung's Sinokor Group played a pivotal role, leasing a significant portion of vessels for these risky "shuttle runs." This covert operation allowed the UAE to maintain pre-war export levels, capitalizing on surging oil prices and creating immense profits for Sinokor and its partners.
Kirloskar Oil Engines Rallies 7% As Jefferies Initiates Coverage At 'Buy' — Check Target Price, Outlook
Jefferies sees a 21% upside for Kirloskar Oil Engines setting the target price at Rs 2,815. The brokerage has cites market share gains in high-horsepower gensets and a fresh data centre order for the bullish call.
Nifty, Sensex Edge Higher as Lower Oil Prices Offset Rupee Weakness - Investing.com India
Nifty, Sensex Edge Higher as Lower Oil Prices Offset Rupee WeaknessInvesting.com India
After E20 petrol, India eyes 15% isobutanol blend in diesel: Nitin Gadkari
India plans 15% isobutanol blending in diesel, says Nitin Gadkari. This aims to cut fossil fuel imports and boost energy self-reliance.
Here's how the five Vedanta Group stocks are reacting to their Q1 business updates
Shares of Vedanta Ltd. ended 1.6% higher on Friday at ₹280.5. Shares of the Aluminium division ended at the flat line, while those of the Iron & Steel business, after being locked in a 5% upper circuit earlier in the day, ended 5% lower. The Oil and Gas business saw its shares fall over 4% as well, and the Power business shares fell over 6%.
Iran exploring oil sales to Japan, buyers seek longer sanctions waiver, sources say
Iran is currently in discussions with Japanese companies regarding the potential resumption of oil sales, backed by a U.S. sanctions waiver that expires on August 21. Purchasers are advocating for a longer waiver and enhanced protections for shipping, following troubling occurrences in the Strait of Hormuz. Initial conversations are taking place, yet obtaining insurance remains a critical issue for Japanese refineries.