Oil extends drop with focus on rising stockpiles, Trump actions

West Texas Intermediate dipped toward $75 a barrel, extending a run of losses that started last Thursday, while Brent closed at $79.

West Texas Intermediate dipped toward $75 a barrel, extending a run of losses that started last Thursday, while Brent closed at $79.

Hindustan Petroleum Corporation Ltd (HPCL) is expected to deliver its strongest quarterly performance among oil marketing companies (OMCs), with a 367% profit jump and 10% revenue growth over the previous quarter, driven by improved refining margins.

To Matt Maley at Miller Tabak, if this earnings season is a good one, it’s a rally that could have legs. However, it will take more than merely “beating expectations” to fuel a further advance of significance.

Shares of Piramal Pharma Ltd ended at ₹242.65, up by ₹1.50, or 0.62% on the BSE.

Shares of Macrotech Developers Ltd ended at ₹1,079.90, down by ₹67.15, or 5.85% on the BSE.

While the Nifty50 is currently trading 3.4% lower than its 200-day moving average, nearly 75% of the broader Nifty500 index has slipped below their respective 200-day moving averages (DMA), show Bloomberg data.

Shares of Laxmi Organic Industries Ltd ended at ₹228.65, up by ₹0.75 or 0.33% on the BSE.

Kent RO Systems Ltd has filed for an IPO with SEBI, offering 1 crore equity shares by promoters.

Shares of Paras Defence and Space Technologies Ltd ended at ₹1,031.00, down by ₹28.40, or 2.68% on the BSE.

At the operating level, EBIT surged 35.3% to ₹76.7 crore in the third quarter of this fiscal over ₹56.7 crore in Q3 FY24. Shares of Cigniti Technologies Ltd ended at ₹1,484.80, down by ₹23.20, or 1.54%, on the BSE.