Market News
Stay updated with the latest market trends, earnings, and economic indicators.
US oil companies see big jump in profit
US oil giants are poised for record profits, potentially sparking a showdown with President Trump over high gasoline prices. Despite falling crude oil costs, pump prices remain elevated due to refining and inventory issues. Industry insiders acknowledge the political pressure, as Americans grapple with the cost of fuel ahead of crucial elections. Lobbyists are actively engaging with officials to counter criticism.
India, Japan agree on crude oil stockpiling & reserve systems
India and Japan are joining forces to bolster energy security, creating joint strategies for crude oil and petroleum product stockpiling to shield consumers and industries from West Asia conflict disruptions. The nations will share market insights, stabilize energy prices, and explore third-country energy sourcing and upstream investments. This collaboration aims to enhance regional energy resilience through shared mechanisms and dialogues.
Vedanta Oil & Gas Q1 output falls 17% as production declines across key fields
Vedanta Oil & Gas reported a 17% year-on-year decline in average daily production for the June quarter, with output falling across its Rajasthan, Ravva, Cambay and OALP assets. The company said it is stepping up drilling and enhanced oil recovery projects to help reverse the production decline.
LME approves Adani's major copper smelter in India as listed brand
The London Metal Exchange has approved Adani Copper for delivery against its contracts, enabling warrant issuance from July 10. Produced by Adani Enterprises’ Kutch Copper unit in Gujarat, the facility has 500,000-tonne capacity. The move may boost India’s copper self-reliance and reduce import dependence amid steady domestic demand.
Iran In Talks To Sell Oil To Japan As US Sanctions Get Lifted
Iran's petroleum exports only drastically decreased during the US naval blockade that started in mid-April.
Pulse of the Street: Realty and healthcare lifts markets, but weak rupee clouds rally
Markets rose nearly 1% this week as softer crude oil prices, easing volatility and buying in real estate, healthcare and consumption stocks lifted sentiment. However, weakness in capital goods and power, along with continued pressure on the rupee, showed that the recovery remained selective
Maersk places order for 1,000 shipping containers with DCM Shriram Group
Global shipping giant AP Moller-Maersk has ordered 1,000 more India-made shipping containers from DCM Shriram Group. Union Minister Sarbananda Sonowal unveiled the first such container, marking a significant step towards self-reliance in maritime manufacturing. This partnership is set to boost India's global supply chain presence and manufacturing capabilities, supported by government initiatives promoting domestic production.
Container manufacturing scheme aims for 10x rise in domestic capacity: Sarbananda Sonowal
India has successfully manufactured its first export-import shipping container for global giant A.P. Moller-Maersk, marking a significant stride towards self-reliance in maritime manufacturing. This achievement, a direct result of Prime Minister Modi's 'Make in India' vision, underscores growing international confidence in India's capabilities.
INR settles higher as the dollar index retreats from its recent 15-month high
The Indian rupee appreciated 14 paise to close at 95.21 (provisional) against the US dollar on Friday as the dollar index retreated from its recent 15-month high levels and mirrored positive domestic equities. Indian shares rose for a third straight session on Friday, even as markets ended off their day's highs due to profit booking at higher levels. Underlying sentiment was underpinned by the recent fall in crude prices to near pre-conflict levels and reduced expectations that the U.S. Federal Reserve will raise interest rates in the coming months. Overnight data showed U.S. jobs growth slowed sharply in June, and the two prior months' data were revised lower, raising expectations that the Fed will hold rates this month and potentially in September. However, despite a weaker dollar index and lower crude oil prices, the rupee is facing pressure from robust dollar demand from importers and corporate hedgers. At the interbank foreign exchange market, the rupee opened at 95.20 against ..
What's stopping foreign investors from returning to India? A global investor explains
India doesn't yet have a strong trigger to attract foreign investors back in a big way, according to investor Adrian Mowat. He says better corporate earnings, lower oil prices and clearer proof that Indian IT companies can use AI to create value for clients could help revive overseas investor interest.
Market outlook: Monsoon, crude oil prices to earnings - Five key macro triggers for Dalal Street in H2CY26
Market experts expect a more constructive outlook for Indian equities in H2CY26 due to falling crude oil prices and easing inflation. However, concerns about expensive valuations and an uncertain monsoon remain, potentially leading to modest returns despite a favorable macro environment.
Oil Glut Calls May Be Getting Ahead of Reality - Investing.com India
Oil Glut Calls May Be Getting Ahead of RealityInvesting.com India