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India Reclaims Fifth-Largest Global Equity Market Position As Falling Oil Prices And FII Buying Support Rally - Swarajyamag
India Reclaims Fifth-Largest Global Equity Market Position As Falling Oil Prices And FII Buying Support RallySwarajyamag
Wall Street rebounds as AI rally lifts tech stocks while easing oil concerns boost investor sentiment
The S&P 500 snapped a five-day losing streak as AI stocks surged on South Korea's chip investment plans, oil prices steadied on hopes of Iran talks and Treasury yields eased despite lingering inflation concerns.
BofA Securities sees Brent crude oil averaging at $72 a barrel in H2CY26
For India, BofA Securities has raised the 2026 GDP (gross domestic product) forecast to 7 per cent from the 6.2 per cent forecasted in April. For 2027, it now pegs the GDP growth at 7 per cent.
INR loses momentum in opening trades as geopolitical uncertainty continues to weigh
The Indian rupee lost momentum against the American currency in early trade on Tuesday, as month-end demand for dollars from importers and corporates added pressure on the domestic unit. INR opened at Rs 94.60 per dollar and slipped to a low of 95.55 before recovering back to 94.63 so far during the day. Losses for the rupee were partly cushioned by relatively stable crude oil prices globally. However, concerns about potential supply disruptions in the Gulf and continued uncertainty around the Strait of Hormuz weighed on investor sentiments. Meanwhile, the Indian stock market opened higher this morning, with the BSE Sensex rising around 100 points to hover near the 76,825 mark and the Nifty 50 crossing the 24,030 level, which could lend some support to the local currency.
Vedanta Oil is investing to double output. Can it reverse a decade of decline?
The company aims to produce more than 150,000 barrels of oil equivalent per day (boepd) by FY29, up from 87,000 barrels in FY26, according to an analyst who attended the demerged company's first investor meet last week.
Asian stocks set for record-breaking quarter; dollar sinks gold and yen
Japan's Nikkei and South Korea's KOSPI remained on track for outsized quarterly gains as easing oil-price concerns improved the global growth outlook, while a stronger dollar pressured gold and yen
Asia's crude oil imports tick up in June but uncertainty reigns
Asia's crude oil imports saw a slight June uptick but remain near decade lows, impacted by the Iran conflict disrupting Middle East shipments. Despite a modest recovery, volumes are significantly down from pre-war levels, with the Strait of Hormuz's uncertain future and China's reduced buying adding to market volatility. Refined product prices remain elevated, hinting at ongoing supply chain adjustments.
Kirloskar Oil Engines in Focus: Multiple Growth Triggers Keep Motilal Oswal Bullish — Check Revised Target Price
The brokerage remains positive on the overall demand environment in the segments in which Kirloskar Oil is currently operating such as powergen, industrial and even exports.
NHPC among 5 stocks flashing bullish signals, hinting at a possible uptrend
Five Nifty500 stocks, including Bank of Maharashtra, Chennai Petroleum, Carborundum Universal, Granules India, and NHPC, formed the bullish White Marubozu pattern on June 29, indicating strong buying momentum.
India's next stock market headache isn't oil but a bigger storm brewing in the skies
India's stock market faces a new challenge as a severe "Super El Niño" threatens the monsoon, impacting 56% of GDP tied to consumption. This follows a decade-low monsoon start, with rainfall deficits exceeding previous El Niño years. Analysts warn of domestic demand destruction, range-bound markets, and downgrades in consumer sectors, despite easing oil prices. The situation could strain rural incomes and government finances.
India's next stock market headache isn't oil but a bigger storm brewing in the skies - The Economic Times
India's next stock market headache isn't oil but a bigger storm brewing in the skiesThe Economic Times
India's next stock market headache isn't oil but a bigger storm brewing in the skies - The Economic Times
India's next stock market headache isn't oil but a bigger storm brewing in the skiesThe Economic Times