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Oil prices fall over 1% as US-Iran talks ease supply disruption fears
Brent futures were down 73 cents, or 1.02%, to $70.84 a barrel by 0102 GMT, while US West Texas Intermediate crude fell 83 cents, or 1.21%, to $67.75 a barrel
Petrol, Diesel Prices On July 2: Check New Fuel Rates In Mumbai, Hyderabad, Chennai, Kolkata, And More
Fuel prices in India depend on several factors, with global crude oil prices being the most significant as crude is the primary raw material used to produce petrol and diesel.
Stocks To Watch Today: Maruti Suzuki, NMDC, Hero MotoCorp, Ola Electric, FirstCry, Coal India & More
Here's a look at stocks that are likely to be in focus during the trading session on Thursday.
Asian Markets Today: Kospi Slides, Nikkei Extends Losses As Tech Selloff Deepens
Chip stocks remained under pressure after another weak session on Wall Street, while softer oil prices reflected easing supply concerns.
Oil Prices On July 2: Brent Crude Slips To $71 As Hormuz Oil Flows Recover, US-Iran Talks Continue
Brent crude for September delivery traded near $71 a barrel, extending losses after falling more than 3% over the previous two sessions. West Texas Intermediate (WTI) hovered around $68 a barrel.
From deep correction to fresh peaks: 10 stocks soar from 52-week lows to new highs in just three months
Several large-cap Indian companies have seen their stock prices surge from 52-week lows to highs within just three months. This impressive rally, yielding returns of 22-65%, is attributed to strong March quarter results, optimistic FY27 forecasts, and strategic moves like fundraising. Despite this momentum, many of these stocks remain undervalued compared to their historical valuation multiples, suggesting potential for further growth.
Stocks in news: Hero MotoCorp, Canara Bank, Bharti Airtel, Indian Hotels, SBI
Indian markets opened positively, with analysts suggesting a stock-specific strategy amidst consolidation. Hero MotoCorp sees a revival in commuter bike demand, planning capacity expansion. Canara Bank and Indian Bank reported strong credit growth. Bharti Airtel's NBFC arm has begun operations, while Indian Hotels plans significant capital expenditure. SBI launched AI-powered innovations, and BPCL is acquiring a stake in a Brazilian oil venture.
ITC enters cola business to add more fizz to beverages portfolio
India's carbonated soft drinks market is intensifying as ITC launches a premium sugar-free Coconut Cola, aiming to compete with global giants Coca-Cola and PepsiCo. This move follows Reliance Industries' aggressive pricing strategy with its revived Campa brand. ITC plans to expand its beverage offerings, focusing on the premium, health-conscious segment, which is experiencing rapid growth due to increasing consumer preference for low- and no-sugar options.
Wall Street edges higher as Fed’s Warsh signals easing inflation risks, skips rate path guidance
US stocks edged higher as Fed Chair Kevin Warsh said inflation risks have eased but avoided giving any rate path guidance, while oil prices fell and investors awaited key jobs data.
Coal India Wins Rs 2,831 Crore Contract For 600 MW Solar Project In UP
Coal India accounts for over 80% of the country's coal output.
Govt begins hunt for a new ONGC chairman
The government is actively seeking a new chairman for ONGC, with applications now open. Eligibility rules have been relaxed, removing the mandatory retirement at 60 and introducing a fixed three-year tenure, extendable by two years. The maximum age for applicants has been raised to 59.
Ahead of Market: 10 things that will decide stock market action on Thursday
Indian equities rebounded after two sessions of losses, with Sensex rising 444 points and Nifty reclaiming 24,000. Easing geopolitical tensions, trade deal optimism and lower oil prices boosted sentiment, while analysts maintained a bullish outlook above the key 23,800 support.