According to Nomura, the increased windfall tax on diesel and aviation turbine fuel (ATF) exports should benefit OMCs. However, it expects the windfall tax to not be applicable to Reliance Industries Ltd.’s export refinery, which is almost half of its…
Sensex Today | Stock Market LIVE Updates: Barring Monday, the Nifty has not made a low below 23,500 last week, making it a key level for the index. The Nifty Bank surged nearly 4,500 points last week, and the 55,000…
Asia equities declined 0.8% during open while S&P 500 Futures dropped 1.1%. Brent crude surged 8.6% to $103.16 a barrel.
WeWork India Ltd., Tata Capital Ltd., BMW Ventures Ltd., Bajaj Housing Finance Ltd., and Advance Agrolife Ltd., are the five companies who will see their shareholder lock-ins end on Monday, April 13. Barring Bajaj Housing Finance and Tata Capital, and…
The expiry does not necessarily imply immediate selling in the open market, but only makes these shares available for trading.
US markets had rallied last week in anticipation of the peace talks and a quick resolution to the war during this 14-day ceasefire period. The S&P 500 was up 3.6% last week, while the Nasdaq jumped nearly 5%, outperforming its…
US Central Command has said that they will begin blocking ships entering and exiting the Strait of Hormuz from Monday 10 AM Eastern Time, but ships headed to non-Iranian ports will not be blocked.
The Strait of Hormuz carries nearly 20% of the global energy supply, including LNG. While some oil supertankers traversed the strait over the weekend, LNG shipments haven’t yet made the journey.
Dalal Street will be tracking results for the fourth quarter from 42 firms between April 13 and 18. Key names include Wipro, HDFC Bank, ICICI Bank, HDFC Life, ICICI Lombard, ICICI Prudential AMC and HDB Financial Services. Wipro will also…
Besides developments related to West Asia, traders will also monitor the US Producer Price Index (PPI), crude oil prices and speeches from several Federal Reserve officials for further direction on bullion price.