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Oil prices decline as OPEC+ approves higher output targets; Brent above $70 per barrel
US-Iran war: Brent crude futures slipped 24 cents, or 0.33%, to $71.88 a barrel, after ending 0.45% higher on Friday.
Oil prices slip after Opec+ agrees to raise August output targets
Brent crude falls below $72 a barrel, while US WTI slips to around $68.6 as recovering Strait of Hormuz exports ease supply concerns
Stocks to buy: Piramal Pharma, HSCL among 3 top bets by Choice Broking
Stocks to buy: Here's why Aakash Shah, technical analyst at Choice Broking recommends a 'Buy' on Piramal, Aza Engineering and Himadri Speciality Chemical this week.
OPEC+ to boost crude output, but can it deliver and who will buy?
OPEC+ has boosted oil production quotas for the fifth consecutive month, raising questions about shipping capacity and buyer demand. While Middle East exports are recovering post-conflict, they remain below pre-war levels. The market anticipates a return to oversupply, contingent on stable shipping routes and China's re-entry into the market, which is expected as prices potentially fall.
Asian stocks today: Kospi, Nikkei rise up to 3% amid tech rally, falling crude oil prices
Asian stocks today: South Korea’s Kospi climbed 2.9%, while Japan’s Nikkei 225 edged up 0.2%.
Gold steadies after weekly gain as US Fed rate-hike worries recede
Gold steadied, supported by reduced US Fed rate hike expectations. Oil dropped as more tankers moved through the Strait of Hormuz. Trump allies push to reshape the Fed.
From Gift Nifty, crude oil prices to gold rate: 8 key things that changed for Indian stock market over weekend - livemint.com
From Gift Nifty, crude oil prices to gold rate: 8 key things that changed for Indian stock market over weekendlivemint.com
Oil prices fall as Hormuz flows persist, OPEC+ signals higher supplies
Brent declined below $72 a barrel, while West Texas Intermediate was close to $68 a barrel.
Asian shares gain as tech rebound holds, oil prices slip
South Korea's Kospi index was up 2.9% while Japan's Nikkei 225 was up 0.2%. MSCI's Asia Pacific Index was increasing 0.3% with over two shares rising for every one which declined.
Oil Prices Today: Brent Falls Below $72 After OPEC+ Raises August Supply Targets
Crude prices eased as tanker traffic through the Strait of Hormuz improved and OPEC+ approved another production increase for August, adding to supply concerns.
Stocks in news: HDFC Bank, Vedanta Power, YES Bank, Sun Pharma, Waaree Energies
Indian markets surged for a third straight day, buoyed by global sentiment and strong performance from heavyweight stocks like HDFC Bank and YES Bank. Analysts note a technical breakout, though resistance looms. Several companies, including Dabur India and Vedanta Power, reported positive quarterly updates, while Tata Power withdrew a controversial distribution application. ONGC's leadership eligibility criteria have also been broadened.
Bullish futures positioning hints at upside in large-cap stocks
Indian stock markets are seeing pockets of strength, particularly in mid- and small-cap segments, with optimism now extending to select large-cap stocks. Analysts highlight several stocks showing bullish futures build-up and positive technical indicators. IndusInd Bank, Nalco, Shree Cement, HDFC AMC, Adani Energy Solutions, Nestlé India, and ONGC are identified as potential gainers, with specific entry points, targets, and stop-losses provided for traders.