Uncategorized

The decline in OMCs, paint and tyre stocks are attributed to rising crude oil prices, as both industries rely heavily on petroleum-based raw materials for production.

Capital markets regulator SEBI has recently cleared the IPO papers for Hyundai Motor India Ltd.

Globally, gold futures declined by 0.44%, trading at $2,646 per ounce in New York.

Rajesh Baheti, MD of Crosseas Capital Services said NSE’s revenue loss will be larger if it chooses to keep Nifty as a weekly expiry product instead of Bank Nifty.

Probal Sen, energy analyst at ICICI Securities and MK Surana, Former CMD of HPCL shared insights with CNBC-TV18 on whether a petrol price cut is possible despite the sharp spike in crude oil prices.

Suzlon’s Relative Strength Index is slipping towards “oversold” territories with its RSI currently at 41. An RSI reading below 30 indicates that the stock is in “oversold” territory.

Adani Green Energy will supply the green power from a new renewable energy plant located in Khavda, Gujarat.

The frontline indices closed down more than 2%, with the Sensex plunging 1,769 points to 82,497 and the Nifty falling 547 points to 25,250.

The total cost of the contract amounts to ₹1,847.72 crore, excluding GST charges. The time duration in which the project needs to be completed is set as 48 months.

For the half year ended September 30, 2024, REC has disbursed loans worth ₹90,955 crore, up 20.10% on-year. The quantum of renewable energy loans grew 92.68% on-year to ₹11,297 crore.