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Source: Live Mint The Indian stock market’s sentiment turned positive after logging its best week in the last six months, driven by the Reserve Bank of India (RBI)’s liquidity boost and the return of foreign capital inflow just before year-end. In the second week of December, investors will closely monitor key market triggers, including domestic…
Source: Live Mint International crude oil prices fell by more than one per cent in the previous session to report a weekly loss after analysts projected a supply surplus next year on weak demand despite the Organisation of Petroleum Exporting Countries and its allies (OPEC+)’s recent decision to delay the oil output hikes till April…
Source: Live Mint The Indian stock market extended its gains for the second consecutive week amid volatility, initially driven by robust investor sentiment and renewed buying following the decisive victory of the BJP-led NDA in the Maharashtra assembly elections—a state of significant economic importance. In the first week of December, investors will closely monitor key…
Source: Live Mint International crude oil prices edged lower in the previous session to log a weekly decline of more than three per cent, pressured by easing concern over supply risks from the Israel-Hezbollah conflict and the prospect of increased supply in 2025 even as the Organisation of Petroleum Exporting Countries and its allies (OPEC+)…
Source: Live Mint The Indian stock market, after smashing many record peaks this year, is facing consistent selling pressure and has now slipped into a correction phase after being in consolidation. Due to several domestic and global triggers, bears are dominating bulls on D-Street and the overall sentiment will likely stay muted in the next…
Source: Live Mint Tensions in the Middle East have heightened, with the escalating conflict between Iran and Israel sparking concerns over a potential wider regional crisis. If the conflict worsens, the impact on global crude oil prices could be substantial due to Iran’s role as a key oil producer. Although crude oil prices are currently…
Source: Live Mint Oil and Natural Gas Corp. Ltd’s (ONGC) standalone gross crude oil realization fell about 8% year-on-year in the September quarter (Q2FY25) to $78.3 per barrel. Yet, its Ebitda at ₹18,200 crore was broadly in line with analysts’ estimates. Windall tax was much lower year-on-year leading to improved net realization, thus boosting operating…
Source: Live Mint The Indian stock market continued to consolidate for another week, losing over half a per cent, signalling the continuation of a corrective phase. The week began cautiously due to concerns ahead of the US Presidential elections, followed by a brief mid-week recovery after the poll results. The gains could not hold, reflecting…
Source: Live Mint OMC Q2 Review: Oil marketing companies (OMCs), including Indian Oil Corp Ltd (IOCL), Bharat Petroleum Corporation Limited (BPCL), and Hindustan Petroleum Corporation Ltd (HPCL), reported a double-digit decline (between 70-99 per cent) in their respective net profit during the July-September quarter for fiscal 2024-25 (Q2FY25). Along with weaker refinery margins, OMCs also…
Source: Live Mint Oil prices dropped approximately $4 per barrel on Monday after Israel’s retaliatory strike against Iran over the weekend left oil and nuclear facilities untouched, avoiding disruptions to energy supplies. By 1445 GMT, Brent futures had fallen by $4.13, or 5.43 per cent, to $71.92 per barrel, while U.S. WTI crude futures were…
