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OPEC+ agreed to hike July oil output by 411,000 barrels per day (bpd) on Saturday, the same as in May and June, after the group of oil-producing countries looks to grab back market share and punish over-producing members. According to Reuters, eight OPEC+ members of the group are unwinding 2.2 million bpd in voluntary curbs…
The benchmark indices fell for the third straight day on profit booking, following a rebound after India and Pakistan agreed to a ceasefire to end the four-day military conflict that stemmed from Operation Sindoor. On Tuesday, the Nifty 50 index fell 1.05% or 261.55 points to 24,683.9, while the Sensex 30 slipped 1.06%, its sharpest…
NEW YORK -The dollar strengthened on Friday after the latest round of economic data showed a rebound in import prices while consumer sentiment remained subdued as tariff worries jumped, putting it on pace for a fourth straight weekly advance. The Labor Department said import prices gained 0.1% last month after dropping 0.4% in March as…
Stock market today: Overseas investors’ optimism toward Indian equities remains intact despite rising India-Pakistan tensions, as they continue buying for the 14th straight session, providing strong support to the Indian stock market. FPIs shifted their stance towards the Indian stock market in the second half of April and have extended their buying spree into May….
IT stocks in focus: Although the Nifty IT index rebounded sharply during the second half of April, it ended the month in negative territory, extending its losing streak to a fourth consecutive month—the longest such streak since 2016—losing 3% of value. Seven out of the 10 constituents of the index closed lower in April, with…
Stock market today: On Tuesday, 60 stocks hit their 52-week high, including Bharti Hexacom Ltd, Mazagon Dock Shipbuilders Ltd, Max Financial Services Ltd, Anupam Rasayan India Ltd, and Chambal Fertilisers & Chemicals Ltd. In contrast, 33 stocks touched 52-week lows, including some notable names like Sheela Foam Ltd, Jai Balaji Industries Ltd, Dr. Agarwals Health…
Stock market today: On Wednesday, 81 stocks hit their 52-week high, HDFC Bank, Bharti Hexacom, UPL, AAVAS Financiers, AstraZeneca Pharma India, Choice International, JK Cement, Krishna Institute of Medical Sciences, Laurus Labs, Paradeep Phosphates, and SBFC Finance. In contrast, 25 stocks touched 52-week lows, including some notable names like AA Plus Tradelink, Infonative Solutions, and…
Stock market today: On Monday, 91 stocks hit their 52-week high, Bajaj Finserv, Bajaj Finance, Bharti Airtel, Cholamandalam Investment and Finance Company, Eicher Motors, HDFC Bank, ICICI Bank, InterGlobe Aviation (IndiGo), Kotak Mahindra Bank, and Shree Cement. In contrast, 48 stocks touched 52-week lows, including some notable names like Sai Silks (Kalamandir), Popular Vehicles and…
Gensol Engineering share price fell to a 52-week low during Monday’s trading session after reports surfaced that the markets regulator SEBI identified significant governance issues at Gensol Engineering Ltd. The regulators observed “no manufacturing activity” at the company’s electric vehicle (EV) facility in Pune, noting that only two to three workers were present when an…
Mumbai (Maharashtra) [India], April 17 (ANI): Indian stock markets on Thursday ended on a strong note, driven by the banking stocks. The stock market rose for the fourth straight day, with the Nifty at the National Stock Exchange (NSE) reclaiming 20,800, led by the financial stocks. At the end of the trading, BSE Sensex stood…