Crude prices above $100 a barrel could squeeze Indian state-run oil marketers’ margins if petrol and diesel prices remain unchanged. HPCL faces the greatest earnings pressure, followed by IOC and BPCL. Crude oil prices, which have remained elevated since the outbreak of the war in the Middle East, are expected to weigh on the profitability…
The 25 basis point (bps) rate hike by the Reserve Bank of India (RBI) to 5.5 per cent is in line with expectations, said analysts, who expect the market’s focus to be back on crude oil prices in the backdrop of West Asia conflict, rupee-dollar equation, bond yields and how corporate earnings play out in…
IRDAI has proposed changes to insurance commission structures, including caps for banks, brokers and agents across products. Insurance brokers have opposed the proposals, raising concerns over their impact on distributors, jobs and the wider insurance sector. Indian insurance brokers are opposing proposed reforms by the Insurance Regulatory and Development Authority of India (IRDAI) that…
Shares of Puravankara rose nearly 4% to ₹218 following the acquisition of redevelopment rights for three societies in Goregaon West, Mumbai, with a project potential of 1.05 million sq. ft. and a GDV of ₹2,600 crore, strengthening its market position. Shares of real estate developer Puravankara closed nearly 4% higher in Thursday’s trade on 17…
Market sources indicated that listing is likely this month and RHP filing and price band announcement may be made next week. SEBI clears NSE IPO, observation letter issued; listing likely this month The much awaited NSE listing is now in sight. The market regulator Securities and Exchange Board of India (SEBI) has cleared…
Oil futures fell over 3% due to disruptions in the Red Sea and heightened U.S.-Israeli-Iran tensions. Brent dropped to $97.10, but is on course for a 10% weekly gain, while WTI is set for an 8% increase amidst fears of further supply constraints. Futures contracts for oil slumped by more than 3% today, on 24…
Zensar Technologies, CDSL, Bandhan Bank and MRPL from the Nifty Smallcap 100 index rallied between 5% and 12% in Friday’s intra-day trade. Shares of select midcap and smallcap companies were in demand with the Nifty Midcap 100 and Nifty Smallcap 100 indices hitting fresh 52-week highs in Friday’s trade amid a strong rally in equities.…
The United States and Iran on Wednesday unveiled a 14-point interim agreement aimed at ending the ongoing conflict between the two countries, restoring commercial shipping through the Strait of Hormuz and launching negotiations for a broader peace settlement. The document, titled the Islamabad Memorandum of Understanding between the United States of America and the…
The weekly options data also suggested that 24,000, where the maximum Put open interest is placed, is expected to be a key support in the short term, while 25,000, which has the maximum Call open interest, is likely to be a crucial hurdle on the higher side. This means the index may possibly trade in…
Geopolitical tensions between Israel and Iran have forced Indian airlines to cancel flights to the Middle East and parts of Europe, impacting up to 40% of Air India’s capacity. The conflict between Israel and Iran has impacted the Indian airline carriers’ capacities, as geopolitical tensions have caused cancellations of all flights to the area…