ONGC, Oil India shares gain up to 3% as Israel-Iran conflict drives crude higher; drag on refiners, tyre makers
Share prices of ONGC and Oil India surged on Monday as heightened tensions between Israel and Iran have propelled global crude oil prices, benefiting upstream producers. Conversely, share prices of oil marketing companies such as IOCL, BPCL and HPCL and tyre manufacturers like MRF, JK Tyre & Industries and CEAT faced declines due to concerns […]
HBL Engineering shares jump 5% after bagging Rs 133 cr railway contract for Kavach safety system
HBL Engineering, in a stock exchange filing, said the Kavach implementation project spans the 446-km Vijayawada–Ballarshah section, covering 48 stations and 10 locomotives. The project is expected to be completed in 18 months.
Oswal Pumps IPO subscribed 36% on Day 2; GMP softens despite retail interest. Should you subscribe?
Oswal Pumps’ Rs 1,387 crore IPO saw 36% subscription on its second day, driven by strong interest from retail and non-institutional investors. The IPO includes a fresh issue and an offer for sale, with the company raising Rs 416 crore from anchor investors.
Volatility to persist across markets amid unstable technical structure: Rajesh Palviya
Nifty is consolidating between 24,500 and 25,200, with 25,000 acting as resistance. Bank Nifty underperforms, potentially falling to 55,000 if it breaks 55,500. Crude oil prices are spiking due to geopolitical tensions, with $76-$78 as the next hurdle and support at $68; a break above $78 could lead to $86-$88.
Volatility to linger, but domestic liquidity offers support: Sunil Subramaniam
Market expert Sunil Subramaniam anticipates continued market volatility in the coming week due to ongoing geopolitical tensions, although potentially less severe than the previous week. Domestic fund managers are expected to selectively buy, providing support to specific sectors and stocks.
ETMarkets Smart Talk | 2H2025 market returns may moderate, but India’s long-term story intact: Abhiram Eleswarapu
India outperformed considerably in 2024 which partly explains part of the underperformance this year. By around September last year, valuations were no longer inexpensive, earnings forecasts started seeing moderate cuts, FPI outflows followed, and system liquidity went into deficit – a trend which continued into 1Q2025.
Bajaj Finance shares in focus as stock starts trading ex-split, ex-bonus today
Bajaj Finance shares are set to trade ex-split and ex-bonus. This follows the company’s recent corporate actions. Investors who held the stock by June 13 are eligible. They will receive split shares and bonus shares. The stock split ratio is 1:2. The bonus share ratio is 4:1. The record date for eligibility is June 16.
Positive Breakout: These 10 stocks cross above their 200 DMAs
In the NSE list of stocks with a market cap over Rs 1000 crore, 10 stocks’ close prices crossed above their 200 DMA (Daily Moving Averages) on June 13, according to stockedge.com’s technical scan data. The 200-day DMA is used as a key indicator by traders for determining the overall trend in a particular stock. […]
Sacheerome IPO to debut today on NSE SME platform. Here’s what GMP indicates
Sacheerome’s SME IPO is set for listing on June 16. The IPO saw massive oversubscription across all investor categories. The price was fixed at Rs 102 per share. The company plans to use the funds for a new manufacturing unit. Sacheerome specializes in fragrances and flavors for the FMCG sector. The company reported strong revenue […]
How will the surge in crude oil prices affect various sectors?
Global crude oil prices are rising. This may impact the profits of several companies. Sectors like refining, paints, and aviation could face challenges. Oil producers and electric vehicle companies might benefit. India imports most of its crude oil. Sustained high prices could cause inflation. The government’s policies will play a crucial role in determining the […]