Market News
Stay updated with the latest market trends, earnings, and economic indicators.
FPIs continue selling spree in first half of June; financials, oil & gas hit hardest
Foreign investors offloaded shares worth a staggering ₹64,761 crore in the first half of June, the highest since March, driven by elevated oil prices. Financial services saw the largest outflows, followed by oil, gas, and consumable fuels. Automobile and IT sectors also experienced significant selling pressure, with concerns over oil prices and AI's impact on tech revenues cited as key reasons.
D-Street soars on wings of peace and chances of an oil windfall
Indian markets surged on Wednesday, reversing Tuesday's losses, buoyed by falling crude oil prices and a positive sentiment from the monsoon's arrival. Key sectors like banking and IT led the gains, with analysts pointing to expectations of discounted Iranian crude benefiting the economy. Despite mixed Asian markets, domestic investors showed strong buying, offsetting foreign outflows, as the VIX eased.
Weak monsoon raises food inflation concerns, but rate hike seen unlikely
Economists are split on how a weak monsoon will affect food prices, with some believing falling oil prices will offset any hikes. Others warn of El Nino's impact on sowing and food costs. The Reserve Bank of India is unlikely to raise interest rates soon, preferring to wait for clarity on the monsoon's agricultural and inflation effects.
MoSPI mulls adding coal assets valuation to national accounts
India's statistics ministry is exploring ways to put a price tag on its non-renewable resources, starting with coal. This move aims to provide crucial data for better policymaking and sustainable growth. By valuing coal reserves using a globally recognized method, the government hopes to understand the true economic worth of these vital assets, moving beyond just physical quantities.
Coal stocks at power plants seen at 42 MT as demand surges
Coal stocks at thermal power plants are projected to be around 42 million tonnes at the monsoon's onset, a dip from last year's 58 million tonnes due to increased electricity demand. Despite this, officials deem the levels comfortable. Record-breaking power demand, reaching 270 GW in May, has led to higher coal consumption.
Over 1/10 Of Crude Basket: A Look At Iran's Share In Indian Oil Imports At Its Peak
Iran's share in India's crude basket steadily increased through the second half of the last decade, peaking at more than one-tenth of the country's total oil imports.
Reliance Industries share price to be in focus on Thursday. Here's why - Mint
Reliance Industries share price to be in focus on Thursday. Here's whyMint
India To Emerge As AI Builder, Says Amazon CEO Andy Jassy; Bets On Deep Engineering Talent
Amazon CEO Andy Jassy says India will build some of the world's most important AI applications
Stocks to Watch for June 25: Bharti Airtel, IRFC, RIL, HCL Tech and more
IRFC, HCLTech, Reliance Industries, Bharat Forge and other stocks will be on investors' radar on Thursday, June 25, following a series of corporate announcements and strategic developments.
US markets today: Dow Jones, Nasdaq, S&P 500 rise as AI-linked stocks stabilise
US stocks opened higher on Wednesday as chip stocks rebounded from recent losses, helping lift the S&P 500 and Nasdaq after a sharp tech sell-off in the previous session. Investor sentiment was also supported by a decline in oil prices and focus on upcoming Micron earnings, which are expected to provide key signals on artificial intelligence-driven demand trends.
India Weighs Return To Iranian Oil As Ministers Prepare For Crucial Talks — Profit Exclusive
The discussions are expected to focus on cooperation across the oil and gas sector, including crude supplies, investment opportunities and broader energy ties between the two countries.
Nifty 50 reclaims 24,000: Five market experts predict the index's short-term outlook
The Nifty 50 index has surged past the crucial 24,000 mark, driven by short covering and lower crude oil prices. Market experts share their insights on resistance levels, potential pullbacks, and what investors can expect in the near term.