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INR rebounds on the back of a steep fall in global crude oil prices
The Indian rupee appreciated by 11 paise to settle at 94.65 (provisional) against the US dollar on Wednesday on the back of a steep fall in global crude oil prices. Positive sentiments in the domestic equity markets and FII inflows further supported the local unit. Indian shares rose sharply on Wednesday amid easing geopolitical tensions and growing optimism around a potential U.S.-India bilateral trade agreement. Global oil prices fell to their lowest level in four months amid indications that more tankers stranded in the Gulf since the start of the Iran war were beginning to move through the Strait of Hormuz.
Oman Announces New IMO-Supported Shipping Corridor In Hormuz
Tankers and cargo vessels are seen in the Gulf of Oman, along shipping routes linking the Strait of Hormuz and the Arabian Sea on June 16.
Bulls roar back as Nifty reclaims 24,000, Sensex soars over 700 points
Key equity benchmarks rebounded sharply on Wednesday, with the Sensex rising over 700 points and the Nifty reclaiming the 24,000 mark. The sentiment was supported by easing concerns over interest rate hikes after RBI Governor Sanjay Malhotra said discussions on rate increases were premature. Sentiment was further aided by a recovery in South Korean markets, optimism over a potential India-US trade deal, a decline in crude oil prices below $77 per barrel, and foreign institutional investor buying. Gains in heavyweight IT and private banking stocks, lifted the indices.
Sensex Jumps 790 Points as Crude Oil Prices Soften, Banks and IT Lead Rally - Rediff
Sensex Jumps 790 Points as Crude Oil Prices Soften, Banks and IT Lead RallyRediff
United Drilling Tools secures Rs 1.6 crore repeat export order from Brazil
United Drilling Tools announced that it has secured a repeat export order worth Rs 1.60 crore from Argentera Oil and Gas, Brazil, for the supply of casing pipes with multi-start connectors.
RIL, BEL, Lenskart, Delhivery among Motilal Oswal's top monthly picks
Top monthly stock picks by Motilal Oswal Wealth Management Research Desk: Analysts are bullish on Reliance, Bharat Electronics, ACME Solar, Delhivery, Gokaldas Exports and Lenskart.
Brent Crude At $75: Oil Prices Fall To Lowest Level Since US-Iran War Began
Brent crude slipped to an intraday low of $75.44 per barrel on Wednesday, below the previous post-war low of $75.75 (recorded on March 3, 2026), while US benchmark West Texas Intermediate traded near $71 a barrel.
Can Info Edge find another Zomato?
With a remarkable track record in consumer technology, involving significant investments in AI and deep tech, Info Edge (India) presents a compelling narrative. But with emerging risks and uncertain cash flows, can it maintain its growth trajectory?
Ruchit Jain of Motilal Oswal suggests AXIS Bank, Genus Power shares to buy for the short term
Indian equity benchmarks surged today, driven by falling crude oil prices and supportive comments from the RBI Governor. The Nifty 50 rose 0.95%, while the BSE Sensex gained 1.27%. However, the broader market remained weak, with smallcap and midcap indices declining.
Crude oil prices drop near four-month low as Strait of Hormuz flows normalize; Can oil sink below $50 a barrel?
Crude oil prices have retreated more than 36% from the highs of nearly $120 per barrel reached during the peak of the recent US-Iran war in the Middle East earlier this year.
Coal India Ltd eases for fifth straight session
Coal India Ltd is quoting at Rs 443.9, down 0.1% on the day as on 13:19 IST on the NSE. The stock jumped 13.31% in last one year as compared to a 4.75% slide in NIFTY and a 11.87% spurt in the Nifty Energy index.
Hindustan Petroleum Corporation Ltd up for third straight session
Hindustan Petroleum Corporation Ltd is quoting at Rs 400.85, up 1.03% on the day as on 12:49 IST on the NSE. The stock is down 1.79% in last one year as compared to a 4.99% slide in NIFTY and a 11.47% slide in the Nifty Energy index.