Asian shares gained and US stock futures climbed as oil prices extended their decline after US President Donald Trump signed an interim deal to end the Iran war and reopen the Strait of Hormuz. Asian stocks rose 0.5% while contracts on the S&P 500 were up 0.8% and Nasdaq futures increased over 1%. South Korea’s…
Stocks to Watch Today, June 18: Indian stocks are set to be in focus on Thursday as investors react to a series of corporate developments spanning telecom, infrastructure, pharmaceuticals, financial services, hospitality and power. Bharti Airtel, HFCL, IHCL, GIC Re, Lupin, Axis Bank, Vedanta Power and Rail Vikas Nigam will be closely watched after announcing…
Oil prices held near a three-month low as traders expect the US-Iran deal to reopen the key Strait of Hormuz, which will unleash a wave of supply. Brent was below $80 a barrel after falling 15% over four days in its longest losing run this year. Meanwhile, West Texas Intermediate was close to $77 a…
Brokerage firm Citi has initiated coverage on Vedanta Aluminium Ltd., one of the four demerged entities of Anil Agarwal’s Vedanta Ltd. in its latest note on Thursday, June 18. Citi has initiated coverage with a “buy” rating on Vedanta Aluminium, with a price target of ₹560. The price target implies an upside potential of 20%…
US stock markets took a turn lower on Wednesday, June 17, after the US Federal Reserve’s policy decision, the first under new chair Kevin Warsh, led to inclinations over a potential rate hike by the end of the year, sending bond yields soaring. The Dow Jones, which was up nearly 300 points before the policy…
The Indian rupee appreciated by 10 paise against the US dollar on Wednesday (June 17), opening at 94.46 per dollar compared with Tuesday’s (June 16’s) close of 94.56, supported by a sharp decline in global crude oil prices. The domestic currency has gained around 1.2% over the last six trading sessions as easing oil prices…
As many as 44.1 lakh shares or 7.3% equity of DOMS Industries worth ₹980.6 crore changed hands via block deal on Wednesday, June 17. The stock fell as much as 5% in early trading before recovering some of those losses. On Tuesday, CNBC-TV18 had reported, citing sources that FILA was looking at selling up to…
Shares of Mumbai-based real estate companies, Oberoi Realty, Godrej Properties, Sunteck Realty, Lodha Developers, Keystone Realtors, Raymond Realty, Mahindra Lifespaces, and Aditya Birla Real Estate declined up to 4% on Wednesday, June 17, on the back of the latest BMC decision. Shares of Lodha Developers are down 3.5% and is the top loser on the…
William Lee, Chief Economist and Managing Director at Global Economic Advisors, believes the US Federal Reserve’s next move is more likely to be a rate cut than a hike, though he does not expect any action immediately. He argues that the US economy is weaker than headline data suggests, with underlying job creation slowing and…
India’s Defence Ministry has received ten bids from a clutch of public and private companies who are in the race for a major Indian Air Force contract worth ₹30,000 crore, according to an ANI report. The order pertains to the procurement of 87 medium-altitude long-endurance (MALE) unmanned aerial vehicles (UAVs). The bid submission window closed…
