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Explained - Why Saudi Arabia's latest move is a positive for HPCL, BPCL, and IOC
While shares of HPCL, BPCL and Indian Oil are up between 7% to 10% over the last one month, there are still down between 15% to 20% for the year.
NEWSLETTER: Indian shares rise aided by positive corporate updates, lower oil, foreign inflows - Reuters
NEWSLETTER: Indian shares rise aided by positive corporate updates, lower oil, foreign inflowsReuters
Pre-market action: Here's the trade setup for today's session
Indian equity markets concluded Monday's trading session on a higher note. The Nifty index experienced a gain of 0.7 percent during the day. Market participants are now anticipating the upcoming Q1FY27 earnings season. Analysts expect gradual market gains supported by stable oil and rupee. Foreign and domestic institutional investors showed net buying activity.
Stocks in news: RIL, Trent, Titan, Cochin Shipyard, Nestle, Indian Oil
Markets extended their winning streak on Monday, supported by encouraging quarterly business updates. Reliance Industries received an administrative warning from Sebi regarding insider trading allegations. Trent and Titan reported strong revenue growth in their respective June quarter results. The government will sell a stake in Cochin Shipyard through an offer for sale. Nestle announced the establishment of a new Global Capability Center in Hyderabad.
Hot Stocks: 3 stocks that may give returns between 16-24%
Brokerages initiated coverage on three Indian companies with positive ratings. Kirloskar Oil Engines has a price target implying a twenty-four percent upside. APL Apollo Tubes is seen as a strong play in building materials. Union Bank of India offers a sixteen percent potential return. These recommendations suggest significant future growth prospects for the firms.
ET Graphics: Crude oil retreats, but India's fuel bills stay up
China has reduced fuel prices, mirroring pre-war levels as crude oil costs decline. Indian private retailer Nayara Energy also cut its fuel rates recently. State-run firms have not yet followed suit after substantial first-quarter losses. These companies incurred nearly seventy-five thousand crore rupees in losses. This situation arose due to delayed fuel price adjustments by the government.
Sensex, Nifty end at highest levels in 10 weeks on HDFC Bank, oil boost
Indian equity benchmarks rose to their highest closing levels in about 10 weeks, supported by HDFC Bank, easing crude oil prices and continued foreign portfolio investor inflows
Why the Indian rupee isn't recovering despite oil cooling off
The surge in oil prices during the West Asia conflict pushed the Indian rupee to historic lows, but the subsequent fall in crude has yet to revive the currency. Here's why.
Indian Oil, HPCL buy 7 million barrels of crude via tenders, trade sources say
Indian refiners Indian Oil Corp and Hindustan Petroleum Corp have collectively secured approximately 7 million barrels of crude oil through recent tenders. Indian Oil acquired various grades from Angola and Nigeria, while HPCL purchased Brazilian Tupi crude. These significant purchases are slated for delivery between August and September, bolstering India's energy reserves.
INR slips in opening trades as dollar recovers marginally; downside seen limited
The Indian rupee fell 10 paise to 95.28 against the American currency in early trade on Monday, weighed down by slight uptick of the American currency in the overseas market. However, positive cues from local equities and easing international oil prices are likely to limit downside in the counter. Indian shares are seen opening in green, with underlying sentiment likely to remain underpinned by improving earnings visibility and expectations of a more supportive global liquidity environment going forward. The BSE Sensex gained 176.99 points (0.23%) to open at 77,940.90, while the NSE Nifty 50 rose 36.00 points (0.15%) to open at 24,306.85.
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
Crude oil, global cues, TCS earnings to steer Indian stock market this week - Rediff
Crude oil, global cues, TCS earnings to steer Indian stock market this weekRediff