OPEC+ removes US govt data, to stick to policy of raising output gradually
OPEC+ agreed to stick to its policy of gradually raising oil output from April on Monday and removed the U.S. government’s Energy Information Administration from the sources used to monitor its production and adherence to supply pacts.
GRSE Q3 Results: PAT grows 11% YoY to Rs 98 cr; dividend declared at Rs 8.95 apiece
GRSE Q3 Results: Garden Reach Shipbuilders & Engineers (GRSE) reported an 11% YoY rise in net profit to ₹98 crore for Q3 FY25. Revenue surged 38% YoY to ₹1,271 crore, while EBITDA grew 55%. The board approved an interim dividend of ₹8.95 per share.
Tech View: Nifty forms hammer candle on daily scale. What traders should do on Tuesday
Dr Praveen Dwarakanath, VP at Hedged.in, noted that Nifty showed strength, rebounding from the middle of the Bollinger band after an intraday dip. The momentum indicators on the hourly chart signalled recovery, supporting a bullish close. Options data suggests a range-bound movement, with put writing at 23,300 and below, and call writing at 23,500 and […]
America first or global backlash? Zerodha’s Nithin Kamath questions Trump’s tariff strategy
Trump tariffs: Zerodha CEO Nithin Kamath criticized Trump’s “America First” tariffs, warning they may isolate the U.S. while strengthening China’s global trade dominance. He questioned the long-term sustainability of such protectionist policies in an interconnected economy.
Highways move into the slow lane: Construction pace likely to dip due to fewer project awards in the last two fiscals
Highway construction in the country is anticipated to slow down in the next two years due to fewer new project awards in 2023-24. Although the road transport ministry aims to surpass the 10,400 km target, achieving and maintaining this pace in the future could be challenging.
Trump’s tariffs and global trade war to keep pressure on rupee: Anindya Banerjee
Now, as far as the economic impact of this is concerned, the budget has been quite fantastic as far as it focuses on growth, on reforms and also, it talks about the fiscal consolidation.
RVNL, Jupiter Wagons, Ircon shares fall up to 8% as railway budget misses expectations
Railway-linked stocks like IRCTC, RVNL, and Jupiter Wagons fell significantly, with declines up to 8%, after the Union Budget FY26 did not meet expectations for a huge increase in railway capital expenditure. The government allocated the same Rs 2.5 lakh crore for railway capex as last year, dampening short-term growth prospects for the sector.
Vedanta shares tumble 7% as US dollar hits record peak
Vedanta shares plunged 7% to Rs 410 as the US dollar hit a record high, weakening the Indian rupee and hurting metal stocks. Trump tariffs fueled market concerns, impacting Nifty Metal stocks. Vedanta’s Q3 earnings showed a 76% YoY profit jump, while analysts see a 22% upside with a Rs 513 target price.
UPL shares jump 5% on Q3 beat, Investec gives Rs 700 target price
UPL shares surged 5% to Rs 636.45 on strong Q3 results, driven by agrochemical demand recovery. Investec upgraded UPL to buy with a Rs 700 target, while Nuvama raised its target to Rs 705. Management expects 50% YoY EBITDA growth, citing margin recovery, debt reduction, and improved business conditions.
L&T, IRB Infra, Siemens, other capex stocks fall up to 7% on downgrades after Budget
In the Union Budget 2025-26, the government has kept its total capex outlay at Rs 11.2 lakh crore, largely unchanged from the FY25 budgeted estimates. However, the capex for FY25 has been revised downward to Rs 10.2 lakh crore. The allocation for key sectors such as Railways (Rs 2.5 lakh crore) and Roads (Rs 2.7 […]