Rupee rises to two-week high against dollar: Factors driving currency’s recovery
Indian rupee strengthens to two week high as Iran tensions ease, RBI Governor Sanjay Malhotra signals support, lower oil prices and Asian gains aid recovery.
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Premier Energies shares worth ₹2,055 crore change hands in multiple block trades
Sources tell CNBC-TV18 that the promoter entity is the likely seller in the Premier Energies block deal, while multiple Foreign Institutional Investors, and Mutual Funds were buyers.
Divi’s Laboratories analysts remain divided on prospects after Q4 results; Check key triggers & risks
Kotak Institutional Equities, who is bearish on Divi’s Laboratories, said that the stock’s current valuations of 49 times its estimated price-to-earnings ratio for FY28, is already pricing in growth potential.
Asian shares gain, oil prices decline on Iran deal expectations
Japan’s Nikkei index surged 2.7%, while Brent declined over 4.5% to around $98.8 a barrel on expectations that a deal would reopen the Strait of Hormuz.
Fuel prices raised across India for the fourth time in 10 days; Check latest rates here
Petrol price raised by ₹2.61 per litre and diesel by ₹2.71 per litre on May 25, weekly hikes reach ₹4.35 and ₹4.53 per litre amid Brent above 100 and reduced OMC losses
Gold, silver gain as softer dollar and Iran peace hopes support prices
Gold and silver prices surge as a weaker US dollar, lower oil and US Iran peace talks boost safe haven demand, with markets eyeing Fed policy signals.
Six pharma stocks that should be on your radar today over various news triggers
It was a busy weekend for pharma stocks as four of them — Divi’s Laboratories, Fortis Healthcare, Torrent Pharma and Narayana Hrudayalaya — reported their quarterly results. Meanwhile, Lupin marked its entry into the Chinese market, while Glenmark Pharma’s US…
RBI governor believes rupee may be undervalued after recent depreciation: Report
RBI Governor Sanjay Malhotra says the rupee may now be undervalued, highlights REER metrics, BoP stability and measured forex interventions amid global risks.
US-Iran Negotiations: Here’s how asset classes from equities to oil and gold are reacting
Oil prices fell in response to the latest developments, with Brent crude prices falling below the mark of $100 for the first time this month. Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate or…
Crude oil prices fall over 5% on US-Iran negotiations; Brent below $100
Kevin Hasset, White House’s Chief Economic Adviser told Fox News that he expects energy prices to drop once there is a deal, which could help the US Federal Reserve cut interest rates.