Oil prices slip as weak manufacturing data stokes recession fears
The price drops also come as market participants await the outcome of a meeting on Wednesday between the Organization of the Petroleum Exporting Countries (OPEC) and allies including Russia, together known as OPEC+, to decide on September output.
Leading chemical companies post robust Q1 profits despite cost pressures
Profit growth has been underpinned by high gains in absolute revenue despite contracted Ebitda margin on account of volatile raw material prices, which have now started to soften, pointing to further margin expansion should the declining trend in input costs holds.
RIL, Adani, NTPC among bidders for SKS power
Adani Power and the state-run NTPC are among the nearly two-dozen bidders interested in buying the bankrupt SKS Power Generation located in Chhattisgarh, people familiar with the matter told ET.
Pharma, financial counters top on traders’ chart
Dr Reddy’s Laboratories failed to cheer the market despite June quarter net profit doubling. Analysts see concern over the US business and pressure on operating performance as key drags. These concerns have prompted traders to build bearish bets on the stock. Chandan Taparia, derivative analyst at Motilal Oswal, said the weakness could continue and the […]
Cos with local investment grade ratings eligible for ECB relaxation: RBI
Companies rated investment grade locally can make use of the central bank’s relaxed rules on external commercial borrowings, the Reserve Bank of India (RBI)
Foreign inflows get stronger, Sensex, Nifty gain for 4th day
“There is no sign of any tiredness in the market at the highs. The near-term upside target to be watched is 17,800 and immediate support is placed at 17,150,” said Nagaraj Shetti, technical research analyst at HDFC Securities.