Gold gains as oil slumps after Trump holds off on Iran attack
Gold prices saw an increase on Monday as oil prices declined. This shift occurred after President Donald Trump delayed further action against Iran. Eased concerns about inflation and interest rates influenced the precious metal’s movement. Other precious metals like silver and platinum also experienced gains. Investors now await upcoming United States jobs reports for further […]
Oil Price Today (August 3): Crude oil crashes 5% below $84 as Trump delays attack on Iran. What are experts saying?
Brent crude futures fell $4.37, or 5%, to $83.56 a barrel, while U.S. West Texas Intermediate crude declined $4.63, or 5.5%, to $80 a barrel.
Seasonal tailwinds set the stage for select stock rallies
August’s historical seasonality favors Indian equities, with analysts identifying key stocks. Derivatives data reveals fresh long positioning in Delivvery and Aditya Birla Capital. Jio Financial witnessed a bullish breakout, while Bajaj Holdings shows strong accumulation. Muthoot Finance is well positioned to extend its gains, analysts noted. Conversely, LIC Housing Finance faces bearish bets after a […]
Oil tumbles as Trump cancels attack on Iran to reach nuclear deal
Oil prices dropped significantly on Monday after President Trump paused new Iran attacks. He seeks a swift agreement to halt Tehran’s nuclear program and reopen the Strait of Hormuz. This move follows a month of over twenty percent price jumps due to renewed conflict. OPEC+ approved an oil production increase, but market impact remains limited. […]
Value addition key for Tata Steel as prices fall and costs increase
Tata Steel saw strong revenue growth in the June quarter, driven by higher realisations. However, global steel prices are softening, and coking coal costs are rising. The company expects domestic realisations to decrease in the September quarter. Tata Steel is increasing its focus on value-added products and expanding its NINL facility. This strategic shift aims […]
Global Market Today: Asian shares mixed, oil slumps on hopes of Iran deal
Oil prices dropped significantly as peace talks with Iran appeared imminent. Stock markets showed mixed reactions, with US futures rising and Asian markets declining. Japan’s yen surged after the US and Japan confirmed joint intervention to support the currency. This rare bilateral action aimed to halt the yen’s slide to fresh multi-decade lows. The intervention […]
MOFSL stays bullish on Sun Pharma; sees 16% upside on innovation pipeline
Sun Pharma’s June quarter results met analyst expectations, signaling future growth. The company is expanding its specialty and innovative medicines portfolio significantly. Strategic initiatives like semaglutide launches and the Organon acquisition are key drivers. Despite US generics pressure, domestic business and specialty products show strong momentum. Analysts maintain a positive outlook, anticipating substantial growth from […]
Banks propose ‘Yes-No’ prompt for high-risk UPI transfers to curb digital payment frauds
Indian banks are proposing payment app prompts to curb rising digital frauds. This aims to balance fraud prevention with maintaining digital payment convenience. Banks suggest prompts for suspicious transactions, not all payments above a threshold. The Reserve Bank of India is considering these suggestions for new guidelines. This initiative seeks to protect users while preserving […]
RBI likely to extend rate pause; neutral stance seen unchanged
Economists anticipate the Reserve Bank of India will maintain its current interest rate at 5.25 percent. The central bank is also expected to keep its neutral monetary policy stance for the fourth review. Some economists foresee a potential rate hike in the second half of fiscal year twenty twenty-seven. Inflation forecasts for fiscal year twenty […]
RBI special windows seen big enough to bring in $100B
India’s new forex inflow programs may attract approximately one hundred billion dollars. These special drives have already mobilized over forty billion dollars in foreign exchange. Experts predict these initiatives could significantly exceed initial mobilization estimates. The Reserve Bank of India introduced these facilities to support the balance of payments. These programs aim to cushion the […]