GLOBAL OIL MARKET
Rupee rises 8 paise to 85.58 against US dollar in early trade
The rupee rose 8 paise to 85.58 against the US dollar, supported by positive equity markets and foreign inflows. However, rising crude oil prices and a stronger dollar capped gains, with forecasts suggesting a trading range of 85.45 to 85.95.
Sensex off to a choppy start, Nifty tests 25,100; bank stocks top drags
Stock Market Today: Domestic benchmark indices showed a mixed trend in early trade on Tuesday. Weakness in banking and FMCG stocks was offset by buying interest in IT, metal, and auto sectors.
In Q4, more beats than misses as market went into earning season with low expectations: Vinod Karki
ICICI Securities' Vinod Karki notes FY25 corporate losses hit a cycle low, with profit growth exceeding nominal GDP. Q4 results beat muted expectations, driven by cyclical sectors like real estate and auto, while FMCG and IT faced disappointments. Global uncertainty impacts the outlook for globally exposed companies, but commodities are recovering from being an earnings drag.
Oil inches up, outcome of US-China trade talks awaited
Oil prices saw a slight increase as investors awaited the results of U.S.-China trade discussions, which could potentially reduce trade tensions and boost fuel demand. While Iran plans to present a counter-proposal for a nuclear deal, disagreements with the U.S. persist over uranium enrichment.
GIFT Nifty up 60 points; here's the trading setup for today's session
Domestic markets closed higher, fueled by positive sentiment following the RBI's rate cut and strong global cues, including robust US jobs data and optimism surrounding US-China trade talks. Analysts anticipate a continued upward trend in the market, supported by favorable domestic factors. The rupee strengthened, and both FIIs and DIIs were net buyers.
For risk-takers who are long-term investors at heart: 7 mid-cap stocks from different sectors with an upside potential of over 29%
There is no way you can perfectly time the market. But going with the assumption that the market is clearly moving into bullish territory, it may be time to look at select stocks. Three big caveats, though. One, given the current state of the global markets, be ready to face volatility. Two, don’t buy stocks with leveraged money. And last, but not least, don’t buy to average out your purchase price: There is enough evidence to show that averaging does not work. You might be averaging out a loser, and not a winner.
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DeepDive: India’s green hydrogen journey starts at Rs 397 per kg
India's price discovery marks progress, but the jury is still out on competitiveness.
KPIL bags new orders worth Rs 3,789 crore
Kalpataru Projects International Ltd. (KPIL) and its subsidiaries have secured new orders worth Rs 3,789 crore. These include a significant Buildings & Factories (B&F) contract in India for developing over 12 million sq ft of residential buildings. The company has also won Power Transmission & Distribution (T&D) orders in overseas markets, enhancing its global presence.
Bank, auto stocks drive Sensex over 400 pts higher, Nifty tops 25,100
Stock Market Today: Indian benchmark indices Sensex and Nifty traded higher for the fourth consecutive session, fueled by strong U.S. jobs data and progress in India-U.S. trade talks. The Reserve Bank of India's policy backing further boosted market sentiment. Positive global cues, particularly from Wall Street, also contributed to the optimistic start.
Crude oil climbs on strong U.S. jobs data and renewed China trade talks
Crude oil prices increased on Friday, marking the first weekly gain in three weeks. This rise followed a positive U.S. jobs report and renewed trade discussions between the U.S. and China. Brent crude futures settled at $66.47 a barrel, while U.S. West Texas Intermediate crude finished at $64.58. OPEC+ agreed to increase output by 411,000 barrels per day in July.
Bringing trad med into the prescription
India's traditional medicine is set to gain global recognition. The Government of India has partnered with the World Health Organization. This collaboration aims to integrate traditional medicine into the global healthcare system. It will standardize practices and ensure effective utilization. This move also protects against biopiracy. It creates economic opportunities for communities.
Sensex ends 747 points higher, Nifty tops 25,000 after RBI's jumbo 50 bps rate cut
Stock Market Today: Indian stock markets rebounded following the Reserve Bank of India's decision to lower the repo rate. Banking and auto sectors saw significant gains. Sensex and Nifty both experienced positive movement. Asian markets also showed positive trends, influenced by developments in US-China trade talks. Foreign Institutional Investors continued selling, while Domestic Institutional Investors remained buyers.
Airlines facing skewed value chain; profit margin never crossed 5 pc; IATA executive
Airlines worldwide face a skewed value chain, limiting profit margins. IATA's Marie Owens Thomsen highlights legacy policies as a cause. She hopes India's efforts to balance the chain will set an example. Aircraft manufacturers and oil companies hold significant power. Airlines are squeezed between costs and price-sensitive customers. IATA projects a USD 36 billion net profit for airlines in 2025.
Refiners Reliance and Nayara tap India's drivers as export markets tighten
India's private refiners, Reliance Industries and Nayara Energy, are shifting focus to domestic fuel sales due to squeezed global profit margins. They are capitalizing on India's growing fuel demand by offering discounts and expanding retail networks. This strategic shift allows them to leverage cheaper crude oil and compete effectively with state-owned refiners.
Sensex jumps 100 points, Nifty above 24,550 amid US-China trade talk optimism
Indian equity markets opened higher on Wednesday, buoyed by positive global cues and optimism surrounding potential U.S.-China trade progress. The Sensex and Nifty both saw gains in early trading, mirroring advances in Asian markets following overnight rallies on Wall Street. Investors are also monitoring developments in U.S.-China trade talks and awaiting potential meetings between leaders.
ETMarkets Smart Talk - We’re adding to domestic plays like autos, banks & telecom: V. Srivatsa, UTI MF
V. Srivatsa of UTI Mutual Fund suggests navigating market volatility by focusing on domestic sectors like autos and banking, while reducing exposure to global autos and metals. He notes that while IPO valuations appear high, value can be found in private sector banking, telecom, and chemicals. The fund is also increasing exposure to domestic-oriented industries.
Opec+ giants pump out additional oil to India
That’s even higher than the 359,000 bpd they had collectively committed to additionally produce under Opec+’s plan to raise output by 409,000 bpd. Saudi Arabia, the biggest contributor to the group's supply increase, delivered the largest incremental volume to India in May, expanding its market share by 3 percentage points over April to 13.1%. The gain was driven by price cuts offered to Asian buyers. Saudi Aramco had cut the May OSP for Arab Light—its flagship grade—by $2.30 per barrel.
US stock market futures rise ahead of key jobs data release — what investors need to know about Dow, S&P 500, Nasdaq, tariffs, and economic outlook
US stock market future updates show Dow futures rising 60 points ahead of key jobless claims data and the ECB rate decision. Despite weak private payrolls and services PMI reports, traders stay hopeful as S&P 500 and Nasdaq futures hover near flat. Gold nears record highs, and Brent crude holds above $65 amid Saudi calls for more OPEC+ output. The US Dollar index dips below 99, reflecting economic worries. Investors await Friday’s official jobs report and the ECB’s rate announcement, which will guide market direction in the coming days.
Oil slips on US stockpile build, Saudi Arabia price cuts
Oil prices experienced a dip early Thursday following a build in U.S. gasoline and diesel inventories. Saudi Arabia's decision to cut July crude prices for Asian buyers also contributed to the decline. Brent crude futures fell 0.3% to $64.65 a barrel, while U.S. West Texas Intermediate crude dropped 0.5% to $62.58.
GIFT Nifty up 10 points; here's the trading setup for today's session
Indian equities closed higher, buoyed by positive global cues, though analysts anticipate continued market consolidation influenced by global and macroeconomic factors. The India VIX decreased, signaling reduced market fear. Foreign portfolio investors were net sellers, while domestic institutional investors were net buyers, and the rupee weakened against the US dollar.
KEC International bags orders worth Rs 2,211 cr
RPG Group's KEC International has received orders worth Rupees 2,211 crore. The Transmission & Distribution business secured orders in the Middle East and Americas. The Oil & Gas Pipelines business got its second international order for terminal station works in Africa. The Cables business has also secured orders for cable supply in India and overseas.
Commodity Radar: Crude Oil caught between war winds and OPEC’s supply surge. 3 things charts suggest
crude oil price today,: Crude oil prices remained steady amid conflicting pressures—rising OPEC+ output and bearish sentiment were offset by Canadian wildfires, tight global inventories, and strong travel demand ahead of summer.
Rupee falls 25 paise to 85.86 against US dollar in early trade
The rupee weakened to 85.86 against the US dollar due to foreign fund outflows, despite positive domestic equities and lower crude oil prices. The decline was limited by a weak dollar index. The RBI's MPC began deliberations, anticipating a repo rate cut. FIIs were net sellers in the equity market.
Oil prices slip as rising OPEC+ output, tariff fears weigh on outlook
Oil prices declined in early Asian trade. Increased OPEC+ output and tariff concerns impacted the market. Brent crude futures dipped slightly. US West Texas Intermediate crude also saw a decrease. Prices had risen earlier due to Canadian wildfires and Iran nuclear deal worries. OPEC+ production increases are limiting further gains. US-China trade talk caution persists.
GIFT Nifty up 60 points; here's the trading setup for today's session
Indian stock markets experienced volatility. Geopolitical tensions impacted trading. Nifty initially fell but recovered to close near previous levels. Market consolidation is expected due to global uncertainty. Strong domestic factors and potential rate cuts may limit further declines. Foreign investors sold shares, while domestic institutions bought. The Indian Rupee weakened against the US dollar.
India should adopt a dual-track approach to protect its agri exports to US: NITI Aayog working paper
A NITI Aayog paper suggests India adopt a dual approach to US agricultural trade. This involves offering tariff concessions on certain US commodities while undertaking structural reforms to enhance the competitiveness of India's farm sector. The paper recommends strategic interventions, including tariff adjustments and non-tariff measures, to protect domestic interests and promote exports.
ONGC's downstream gains to cushion impact of lower oil prices: S&P Global Ratings
S&P Global Ratings anticipates ONGC's earnings to remain stable in fiscal 2026, with refining and marketing gains offsetting upstream losses from lower oil prices. Improved margins at HPCL and rising gas prices will support profitability. The company is expected to generate sufficient free cash flow to strengthen its balance sheet, despite reduced capital spending and shareholder returns.
OPEC+ agrees July oil output hike of 411,000 bpd, sources say
OPEC+ nations have decided to increase oil production by 411,000 barrels per day for July, mirroring the increases seen in May and June. This decision comes as the group aims to regain market share and address instances of overproduction by certain members. While some members are increasing supply, adjustments are being made to compensate for past overproduction.
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