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Sensex jumps 400 points, Nifty rises above 24,100 as oil prices cool below $73 per barrel
Indian stock markets surged on Thursday, with Sensex and Nifty climbing significantly as falling oil prices bolstered investor confidence. Major gainers included IndiGo, M&M, Maruti Suzuki, and TCS, while broader markets also saw positive movement. The real estate and auto sectors led the gains, indicating a robust trading session for the day.
Crude oil prices erase all Iran war gains as Hormuz traffic picks up, talks progress
Brent crude has slipped below $73 a barrel for the first time since February 27, 2026. It had hit a high of $126 per barrel on April 30 and is down 42% from those levels.
Oil Drops Close To Pre-War Level: Brent Crude Slips Below $73, Erasing Nearly All Gains From US-Iran War
Brent crude dropped more than 1.1% to around $72.8 a barrel, while US benchmark West Texas Intermediate (WTI) fell 1.2% to about $69.4 a barrel.
Kirloskar Oil hits the upper circuit, but upside may be limited here on
Kirloskar Oil Engines shares surged to their daily limit following a substantial order from data-centre firm HyperNext for 192 megawatts of power systems. Analysts see this deal as a significant validation of the company's capabilities, potentially boosting its market share in high-horsepower segments. While near-term gains might be tempered by the recent rally, the stock remains a promising investment with analysts maintaining 'Buy' ratings and revised price targets.
Kirloskar Oil Engines shares hit 20% upper circuit. JM Financial sees more upside
Kirloskar Oil Engines shares surged 20% after winning a substantial order from HyperNext for 96 units of its 2,500 kVA power systems, enhancing its position in the data centre market dominated by Cummins. JM Financial and Motilal Oswal raised target prices, citing strong growth potential.
Kirloskar Oil climbs after bagging order from HyperNext
Kirloskar Oil Engines surged 16.21% to Rs 2,315.25 after the company secured a significant order from HyperNext to deploy high-capacity power systems for hyperscale data centres in India.
Kirloskar Oil Engines wins 192 MW power order for AI data centre
Kirloskar Oil Engines Limited (KOEL) has won a 192 MW power systems order from HyperNext to support a large AI-enabled data centre project in India. The deployment includes 96 units of its Optiprime Dual Core systems, which will provide backup power for hyperscale cloud and AI infrastructure. The project is aimed at building resilient, energy-efficient digital infrastructure to meet rising demand from artificial intelligence and cloud computing workloads.
Reliance Industries AGM Live Updates: All eyes on Jio IPO timeline, new energy biz
Reliance Industries AGM Live Updates: The biggest day in the calendar for Reliance Industries Ltd. is here as the oil-to-telecom-to-retail-to-new energy conglomerate will be holding its 49th Annual General Meeting (AGM), starting 2 PM this afternoon. The big focus of the street has been on a clear timeline for the Reliance Jio IPO and that will remain the biggest talking point during the course of Chairman and Managing Director Mukesh Ambani's speech. Watch this space for all the LIVE updates from the AGM.
Why Tata Motors and Ashok Leyland stocks are racing ahead of the auto pack
A sharp drop in crude oil prices is easing pressure on fleet operators and reviving sentiment around commercial vehicle makers. But are Tata Motors and Ashok Leyland out of the woods yet?
OMCs get a breather from cooling oil prices, but the coast is not all clear
As the West Asia conflict approaches resolution, Indian oil marketing companies (OMCs) are breathing a sigh of relief. With Brent crude prices falling below $80 per barrel, there's optimism for a financial rebound in the sector.
All eyes on Kevin Warsh: Will the new US Fed Chair set the tone for rate cuts?
The Federal Reserve, under new Chair Kevin Warsh, starts a two-day meeting on June 16, likely keeping rates unchanged. Investors are focused on inflation and growth outlooks, with mixed economic data and easing oil supply concerns potentially influencing future policy decisions.
Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surge - Rediff
Stock markets today: Sensex, Nifty extend gains as crude oil prices drop, IT stocks surgeRediffIndia reclaims $5-trn market cap as US-Iran peace deal fuels bourses to six-week highMoneycontrol.comSensex Today Rallies 544 Points | Nifty Above 23,950 | HCL Technologies Up 4%Equitymaster