BPCL, HPCL, IOC shares surge up to 6% as oil prices slide over $2/bbl after OPEC+ output hike
Brent crude futures fell $2.04, or 3.33%, to $59.25 a barrel by 2240 GMT, while U.S. West Texas Intermediate dropped $2.10, or 3.60%, to $56.19 a barrel. Both benchmarks opened Monday at their lowest levels since April 9, reacting to OPEC+’s decision to raise oil production for a second consecutive month.
DMart shares slide 3% after brokerages trim target prices post Q4 show
Avenue Supermarts, known for DMart, will be watched on Monday. The company’s Q4 FY25 standalone net profit increased by 2.6% YoY to Rs 619.71 crore. Revenue rose 16.7% YoY to Rs 14,462.39 crore. However, net profit declined sequentially. For FY25, profit after tax grew 8.6%. The stock has fallen 12% in the last year.
ETMarkets Smart Talk: From Gold to large caps—where smart money is moving to build wealth, Ashutosh Tiwari decodes
From the quiet but powerful moves in gold reserves by global central banks—especially China—to the relative value emerging in large-cap stocks, Tiwari breaks down how investors can realign their portfolios for long-term wealth creation.
ETMarkets Smart Talk | Scientific investing over social media tips: Vikas Gupta urges method over hype
We think the tariffs are an opportunity for India given the relative tariff advantage between China and India. An early indicator supporting this is the 100% shift to India from China (by 2026) for US-destined iPhones announced recently.
Q4 results today: M&M, IHCL among 41 companies to announce earnings on Monday
The Q4 earnings season gains momentum with 41 companies set to announce results on Monday, including M&M and IHCL. M&M is projected to report a net profit surge of 16-21%, driven by strong volumes, potentially reaching ₹2,312-₹2,411 crore. Revenue is expected to rise by 18-22%, ranging from ₹29,742-₹30,744 crore.
Manoj Jewellers IPO Opens May 5: Check Price, Lot Size, Financials, GMP and Listing Date
Manoj Jewellers from Chennai is launching its Rs 16.20 crore SME IPO. The IPO will open on May 5, 2025, with a fixed price of Rs 54 per share. It will close on May 7, and listing on BSE SME is expected on May 12. The company aims to use the funds to reduce debt […]
Manipal, IHH, EQT & others eye Sahyadri Hospitals in Rs 5,000 crore bidding war
Manipal Hospitals, IHH Healthcare, and Blackstone-owned Quality Care India are among the frontrunners vying for Sahyadri Hospitals, Maharashtra’s largest hospital chain, with bids ranging from ₹4,500-5,000 crore. Ontario Teachers’ Pension Plan Board is divesting the chain amid a wave of PE-led consolidation in India’s rapidly growing healthcare sector, which is witnessing significant investment and expansion.
Oil slumps after OPEC+ plan, US stock futures drop
Crude oil fell 3.4% after the group of oil-producing nations continued an accelerated revival of supply that’s sent prices plunging. US equity-index futures dropped 0.5%, extending their decline after US President Donald Trump said he had no plans to talk to his Chinese counterpart this week. There’s no cash trading in Treasuries during the Asian […]
World’s riskiest bonds lure traders back after tariff turmoil
In April alone, the extra yield investors demand to own dollar-denominated junk bonds from emerging markets over Treasuries widened 37 basis points to 634 basis points. Meanwhile, credit-default swaps – a type of protection against defaults – saw limited deterioration, with a broad index trading far below levels seen ahead of the last wave of […]
Gold loans have all the glitter in retail credit
Gold loans doubled in fiscal year 2025. They became the fastest-growing consumer credit. This growth surpassed housing, vehicle loans, and even credit cards. Reserve Bank of India data shows a significant increase in gold loan amounts. Rising gold prices and a crackdown on unsecured loans contributed to this surge. Banks also reclassified some agriculture loans […]