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Chennai Petroleum Corporation gets Navratna status, becomes 28th such CPSE
Chennai Petroleum Corporation Ltd (CPCL) has achieved Navratna status, a significant upgrade granting it greater financial and operational autonomy. This elevation, approved by the Union Finance Minister, makes CPCL the 28th such enterprise in India. The company, a subsidiary of IndianOil, boasts a substantial refining capacity and a diverse product range, underscoring its growing importance in the energy sector.
Japan stocks end mixed as inflation remains stable and global tech rally supports sentiment
Despite the mixed session, both indexes posted strong weekly gains, with the Nikkei rising about 8% and the Topix advancing around 4%. Market sentiment improved after the US-Iran peace agreement helped push oil prices lower, easing concerns about inflation. Japanese equities also benefited from a global rally in semiconductor and artificial intelligence-related stocks, which helped offset pressure from the US Federal Reserves hawkish stance. Sector-wise, technology stocks were mostly higher, while financial, industrial, and consumer shares generally underperformed.
Motilal Oswal prefers Amber and Dixon, stays cautious on Bata
Siddhartha Khemka, Head of Research, Wealth Management, Motilal Oswal Financial Services, remains cautious on Bata despite the appointment of a new CEO, citing market share losses and valuation concerns. He is positive on Amber Enterprises due to its Oppo manufacturing partnership and expects mobile operations to contribute meaningfully from FY28-FY29. He also sees upside in Dixon Technologies driven by the proposed Vivo joint venture. For Reliance Industries, easing inflation, strength in oil-to-chemicals and updates from the AGM remain key factors for investors. Disclaimer: The views and tips expressed by investment experts on CNBCTV18.com are their own, not of the website or its management. CNBCTV18.com advises users to check with certified experts before taking any investment decisions.
Systematix sees stronger outlook for cyclicals, turns overweight on banks
Nikhil Khandelwal, Managing Director of Systematix Group, said the brokerage has turned more positive on the financial sector, as lower crude oil prices are expected to ease inflationary pressures, strengthen the rupee and pave the way for a softer interest rate cycle over the medium term.
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.
Reliance Jio likely to file $4 billion draft IPO papers ‘within days’ before CMD Mukesh Ambani's AGM speech: Report
Jio IPO: Telecom major Reliance Jio is likely to file papers for its draft initial public offering “within days”, ahead of Chairman and Managing Director Mukesh Ambani's annual speech, according to a report by the Financial Times.
Stocks to Watch today: Bharti Airtel, HCL Tech, Adani Enterprises, SBI, GIC
Stock to Watch today, June 16, 2026: Oil India, Mahindra & Mahindra Financial Services, Craftsman Automation, and Kalpataru Projects are among the top stocks to watch today
Financials and consumption could be among the biggest winners as oil risks recede: Emkay Global
Seshadri Sen, Head-Research & Strategist at Emkay Global Financial Services, believes financials and discretionary consumption could emerge as key beneficiaries of easing geopolitical tensions and lower oil prices. He expects softer liquidity conditions to support banks and NBFCs, while stronger consumer spending could boost sectors such as autos. Sen also remains constructive on pharmaceuticals for long-term compounding and sees India's textile sector benefiting from free trade agreements with the UK and EU.
TBO TEK, HDB Financial Services, Castrol India shares surge amid heavy volumes; check full list - Upstox
TBO TEK, HDB Financial Services, Castrol India shares surge amid heavy volumes; check full listUpstox
Falling crude oil price sends tyre, paint, oil marketing and airline companies soaring in relief rally
On Friday, a significant drop in oil prices caused a ripple effect in the stock market, with companies linked to crude oil benefiting the most. Firms in the oil marketing sector, tire production, and airlines enjoyed an uptick, as the affordable oil alleviated some financial anxieties. Conversely, upstream oil producers took a hit.
Stable crude, strong metal demand and El Nino plays drive opportunities: Motilal Oswal's Khemka
Siddhartha Khemka, Head of Research-Wealth Management at Motilal Oswal Financial Services, says easing geopolitical tensions could keep crude oil prices stable, supporting oil marketing companies. He remains positive on GNG Electronics due to strong growth prospects in refurbished electronics and prefers Hindalco among aluminium stocks, citing a multi-year demand cycle. Khemka also sees long-term value in Manappuram Finance and believes Voltas and Varun Beverages could benefit from a potential El Niño-led heatwave.
Vedanta group's 4 demerged businesses set for stock market debut on June 15
Vedanta group's four demerged businesses are expected to list on the Bombay Stock Exchange and National Stock Exchange on Monday, sources said. Besides Vedanta Ltd, which is already listed, the shares of four newly created entities --Vedanta Aluminium Metal (VAML), Vedanta Oil & Gas (VOGL), Vedanta Power and Vedanta Iron & Steel (VISL) -- will begin trading on Indian stock exchanges. The much-awaited demerger is likely to unlock substantial value for shareholders since each company will now operate independently and raise capital as per its business plans, while giving investors an opportunity to invest in a specific sector. Vedanta's demerger was approved by the National Company Law Tribunal in December last year. Under the 1:1 approved demerger scheme, shareholders will receive one share of each demerged company for every one share held in the currently listed Vedanta Ltd. During an investors' call after the fourth quarter financial results, Vedanta Resources CEO Deshnee ...