Petrol, diesel price hike impact: HPCL, BPCL & IOC shares jump 2% each. What lies ahead for the OMCs?
Oil marketing companies like HPCL, BPCL, and IOC saw a 2% share increase following a second petrol and diesel price hike in under a week, with prices rising by approximately 90 paise per litre. This move aims to alleviate financial pressure on OMCs amid elevated global crude prices and geopolitical disruptions.
Afcons Infrastructure shares crash 9% after Rs 89 crore net loss in Q4, guidance miss
Afcons Infrastructure share price declined 9% after the company reported a net loss for the fourth quarter of FY26. Revenue also declined significantly compared to the previous year. The company missed its revised full-year guidance for topline growth and order inflows. Despite challenges, Afcons highlighted its healthy order book and successful project execution milestones.
Iran stock market to reopen today after 80-day closure amid US-Israel-Iran war
Iran’s stock market reopens May 19 after an 80-day closure due to US-Israel conflict. While not a primary economic driver, its resumption offers insights into economic health and investor sentiment. Trading resumes with extended hours for major firms, aiming for transparency after market volatility and a significant internet shutdown.
Gold prices snap 2-day fall, silver at Rs 2.75 lakh/kg. What should you do amid Iran war uncertainty?
Gold prices rose while silver declined on MCX Tuesday as a weaker dollar and cooling crude oil prices influenced sentiment. Gold gained after U.S. President Donald Trump delayed a planned strike on Iran, easing concerns over oil supply disruptions and inflation.
Negative Breakout: These 8 midcap stocks cross below their 200 DMAs
In the NSE midcap pack, 8 stocks’ closing prices crossed below their 200 DMA (Daily Moving Averages) on May 18, according to stockedge.com’s technical scan data. Trading below the 200 DMA is considered a negative signal because it indicates the stock’s price is below its long-term trend line. Traders use the 200 DMA as a […]
Oil Price Today (May 19): Crude oil retreats from $110 as Trump delays planned strike on Iran. Where are prices headed?
Oil prices dipped Tuesday after President Trump delayed a planned military strike on Iran, following appeals from Middle Eastern leaders. This de-escalation eased immediate concerns over global crude supply disruptions. Analysts warn that a prolonged closure of the Strait of Hormuz could still impact markets significantly.
Bond market volatility sends corporates back to banks
Indian companies are increasingly choosing bank loans over corporate bonds. This shift occurs as corporate bond yields have surged, while bank lending rates remain steady. Market expectations of future policy rate hikes are also influencing this decision. This trend is evident in the strong growth of wholesale loans for major Indian banks.
Global Market Today: Oil slips, Asian stocks rise on Iran optimism
Oil prices have fallen and Asian stock markets have risen. President Donald Trump has paused military strikes, sparking hopes for a deal to end the conflict. This development could reopen energy routes through the Strait of Hormuz. Investors are watching closely as negotiations are reportedly underway. Markets experienced volatility due to these events.
Fairfax India makes open offer to buy additional 26% in IIFL Capital Services
Fairfax India Holdings Corporation has launched an open offer to acquire an additional 26% stake in IIFL Capital Services. This move follows a Rs 2000 crore investment that increased Fairfax’s holding to 38.47%. The offer is priced at Rs 350 per share for approximately 10 crore equity shares.
RBI likely to pay a big dividend to Centre
Economists estimate the surplus transfer-often referred to as the central bank’s dividend to the government-in the range of Rs 2.7 lakh crore to Rs 3 lakh crore. In the FY27 Union Budget, the government has estimated Rs 3.16 lakh crore in dividends from state-owned companies and surplus transfers from the central bank. Last year, the […]