Positive Breakout: These 8 stocks cross above their 200 DMAs
In the Nifty500 pack, eight stocks’ closing prices crossed above their 200 DMA (Daily Moving Averages) on April 23, 2026, according to stockedge.com’s technical scan data. The 200-day daily moving average (DMA) is used by traders as a key indicator for determining the overall trend in a particular stock. As long as the stock is […]
Oil Price Today (April 24): Crude oil nears $110, extends 5-day rally as Iran war tensions rise. Here’s what experts say
Oil prices surged for a fifth consecutive day, fueled by escalating Middle East tensions. Iran’s actions in the Strait of Hormuz and reports of air defense engagement have heightened concerns. Analysts predict further price hikes if U.S.-Iran negotiations falter, with potential for Brent crude to reach $150 per barrel amid supply disruptions.
Oil rises on concerns over escalating military tensions in the Middle East
Oil prices surged Friday amid escalating Middle East tensions. Iran’s release of footage showing commandos boarding a cargo ship in the Strait of Hormuz, coupled with reports of engaging hostile targets, has fueled fears of renewed conflict. Analysts warn that a breakdown in U.S.-Iran talks could send oil prices to new yearly highs, potentially impacting […]
‘RBI in wait-and-watch mode on inflation risks,’ says deputy governor Poonam Gupta
The Reserve Bank of India is navigating global economic hurdles and geopolitical conflicts. Deputy Governor Poonam Gupta explains the central bank’s approach to managing growth and inflation. India’s economy shows resilience, with a focus on domestic stability. The RBI is closely monitoring external factors while maintaining its inflation targeting framework.
Global Market Today: Asian stocks drop as Iran talks stall, oil gains
Asian equities opened lower as US-Iran talks showed little progress in de-escalating the Middle East conflict, keeping the Strait of Hormuz effectively closed. Oil prices rose as geopolitical risks intensified, with Brent crude climbing to $106.20 a barrel. Investors remain cautious, awaiting signals on energy supply risks.
HDFC Bank alerts clients on card swipe for overseas deals
In recent times many resident individuals, banking with various financial institutions, have used cards to carry out such international capital account transactions-oblivious that they were violating foreign exchange and banking rules. Some probably did it consciously to dodge the tax collected at source (TCS) or sidestep restrictions on overseas forex remittance.
Rupee breaches 94/$ for first time in April
The Indian Rupee fell for the fourth consecutive day on Thursday. This decline followed the Reserve Bank of India’s decision to remove restrictions on foreign exchange trading. Higher crude oil prices also contributed to the Rupee’s weakening. The currency closed at 94.11 against the US Dollar. Brent crude futures surpassed the $100 per barrel mark.
HSBC downgrades India to ‘underweight’ on inflationary pressures from elevated oil prices
HSBC has downgraded India to underweight, citing inflationary pressures from elevated oil prices and demand as key concerns. The brokerage anticipates a delay in India’s economic recovery, with potential earnings cuts expected to impact valuations despite recent market sell-offs. This downgrade reflects weakening relative attractiveness for Indian equities compared to regional peers.
Global cues weigh on Dalal Street as oil spike fuels investor worries
Indian stock markets declined nearly 1% on Thursday, mirroring losses in Asian benchmarks as Brent oil prices surpassed $100, fueling cautious sentiment. Analysts anticipate range-bound trading until strong market triggers emerge, with the Nifty closing at 24,173.05 and Sensex at 77,664.
Pharma stocks buck market weakness as Dr Reddy’s gains
Pharma stocks showed strength on Thursday, defying market weakness. Dr Reddy’s Laboratories saw significant gains, fueled by anticipation of approval for its Semaglutide diabetes drug in Canada. Other pharma companies also experienced upward movement. This defensive sector appeal is attracting investors amid uncertain market conditions and geopolitical concerns.