Market News
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Cupid among 5 stocks showing bullish RSI upswing
Five NSE-listed companies with market capitalisation above Rs 10,000 crore, including Cupid and Reliance Industries, have shown a bullish Relative Strength Index (RSI) crossover above the 50 mark, according to StockEdge data. The move signals strengthening price momentum and may indicate potential buying opportunities for traders tracking technical indicators.
Stock market today: Trade setup for Gift Nifty 50, US-Iran war, crude oil, gold, silver rates — 8 stocks to buy or sell
Stock market today: Experts have recommended eight stocks to buy today — Reliance Industries, Balrampur Chini Mills, Jubilant FoodWorks, AB Capital, MCX, Ather Energy, Godrej Agrovet, and Yatharth Hospital
Stocks in news: IndiGo, RIL, Torrent Power, ideaForge, NTPC Green
Indian markets experienced a sharp sell-off, extending the downtrend amid global concerns and geopolitical tensions. Nifty faces immediate support at 23,500, with resistance expected around 24,000-24,300. IndiGo flights faced airspace issues, while Reliance Retail acquired 'Pahadi Local'. Torrent Power raised Rs 2,000 crore via NCDs, and ideaForge began drone training for NATO personnel.
Reliance Industries shares offer valuation comfort, Morgan Stanley sees upside risks
Morgan Stanley noted in its report that even as global refiners and Asian chemical stocks have re-rated, Reliance Industries continues to trade at a discount to its local peers.
NCLAT junks Reliance Realty's plea for insolvency against Altruist Customer Management
The National Company Law Appellate Tribunal has dismissed Reliance Realty's appeal. This follows the rejection of their insolvency plea against Altruist Customer Management by the National Company Law Tribunal. The tribunals found a genuine dispute existed between the parties. This dispute concerned rental dues for a property in Thane.
Dixon gets govt nod for JV with China’s HKC Overseas
Dixon Technologies has secured government approval for its joint venture with China's HKC Overseas. This partnership, under Press Note 3, allows for the manufacturing of display modules in India. Dixon will hold a majority stake, aiming to boost domestic electronics and automotive sectors. The venture will reduce reliance on international suppliers and strengthen the 'Make in India' initiative.
Reliance buys 6 million barrels of Russian oil for March, sources say
Reliance Industries has secured millions of barrels of Russian oil for March. This move comes as Middle East oil supplies face disruptions. Indian refiners are taking advantage of a waiver from US sanctions. This allows them to purchase Russian crude. Reliance is buying Urals oil at competitive prices. India remains a significant oil importer.
Reliance Retail Limited acquires beauty and wellness brand 'Pahadi Local'
Reliance Retail has made a significant investment in the beauty and wellness sector by acquiring Pahadi Local, a brand that embodies the essence of Himalayan beauty with its sustainable products. This acquisition not only bolsters Reliance's efforts in elevating homegrown brands but also furthers Pahadi Local's mission of supporting women-led self-help initiatives.
Reliance Retail completes acquisition of 'Pahadi Local' brand
Reliance Retail has completed the acquisition of brand 'Pahadi Local' along with business from Pahadi Goodness. 'Pahadi Local' is a fast-growing Indian beauty and wellness brand known for its nature-led, Himalayan-inspired formulations.
Reliance Industries, ONGC shares climb up to 3% as Iran war lifts oil prices by another 30%
Indian oil stocks rallied as crude prices jumped significantly. The escalating conflict in the Middle East triggered supply concerns. This surge benefits companies like ONGC. However, higher oil prices increase India's import bill and pressure the rupee. Experts predict further price increases, impacting inflation and equity valuations.
India's 250 million barrel buffer and supply diversification ensure fuel stability: Report
India holds significant oil reserves, enough for seven to eight weeks of supply. The nation has diversified its oil imports from 40 countries, reducing reliance on single chokepoints. Russia remains a key supplier, with India adhering to price cap rules. Domestic ethanol blending and refining capacity further bolster energy security.
Petrol and diesel prices will not increase, govt sources reaffirm
Govt sources have reassured citizens that petrol and diesel prices will not increase. India's energy stock levels are improving, providing confidence amidst West Asia's volatility. Allegations of an LPG price hike have been dismissed as baseless. The nation has also reduced reliance on the Strait of Hormuz, increasing crude oil imports from alternative sources.