Oil prices saw a significant increase. This happened after OPEC plus countries decided to increase oil production. The increase was less than expected. Geopolitical tensions involving Ukraine and Iran also contributed. OPEC plus agreed to a daily supply increase for July. However, some members like Russia had reservations. Banks are divided on future production hikes. Brent crude prices also increased.
FIIs on sidelines due to high valuations despite macro strength: Jitendra Gohil
Kotak Alternate Asset’s Jitendra Gohil anticipates heightened competition across Indian sectors due to government initiatives and reduced business costs, potentially pressuring earnings despite strong macro
July 29, 2025