Shares of Asian Paints have gained 8.3% over the past week, rising as much as 1.8% on Thursday, as falling crude prices boosted investor optimism around improving margins for India’s largest paint manufacturer, even as it faces an antitrust probe by the country’s competition regulator. The rally comes amid a drop in global oil benchmarks, … Read more
The Indian market ended in the green on Friday, snapping a three-day losing streak, as a rally in financial stocks fuelled by the Reserve Bank of India’s move to ease provisioning norms for project financing, helped offset concerns over rising geopolitical tensions in the Middle East that could cap further gains. The BSE Sensex advanced … Read more
Indian equities closed the week 1.6% higher, recovering from a three-day losing streak as markets bounced back sharply on Friday. However, the mood may turn cautious on Monday amid rising geopolitical tensions, following the U.S. airstrikes on Iranian nuclear sites. On Saturday, U.S. President Donald Trump confirmed that American forces carried out coordinated airstrikes on … Read more
Crude-sensitive stocks, including oil marketers, paint, tyre manufacturers, and airlines, fell on Monday, January 13, as Brent oil prices surged past $81 per barrel. The rise follows expectations that new U.S. sanctions on Russia will impact crude supplies to China and India. Oil prices reached their highest level in over three months, driven by concerns … Read more
“I think there is a possibility that some of the FPIs reallocate part of portfolio allocations to China. However, any such decision is expected to be more tactical and not structural,” says Sachin Bajaj, EVP & Chief Investment Officer, Max Life Insurance. In an interview with ETMarkets, Bajaj said: “We are favorably positioned on the … Read more
दिवालिया होने के कगार पर खड़े पाकिस्तान को हाल ही में एक बड़ी अच्छी खबर मिली है. पाकिस्तान ने अपने समुद्री क्षेत्र में कच्चे तेल और प्राकृतिक गैस का विशाल भंडार खोजा है जिसे लेकर कहा जा रहा है कि यह बदहाल पाकिस्तान की किस्मत बदल देगा. तीन सालों तक चले सर्वे के बाद खोजे गए … Read more
Oil prices dropped to a near two-month low on receding tensions in the Middle East, a complex interplay of escalating supply levels, demand worries, and challenging economic indicators. The global benchmark, US WTI crude currently clinging below $80 a barrel, has lost more than 10% from a near two-year high tested last month. A similar … Read more
Crude oil witnessed a steep fall on demand worries and concerns over surplus supply. Prices remained averse after an underwhelming production cut initiated by OPEC plus countries in its latest meeting which ended on November 30. The US benchmark, NYMEX futures, slipped below $70 a barrel last week while its Asian counterpart, Brent crude, traded … Read more
Shares of Asian Paints, Indigo Paints, Akzo Nobel, Berger Paints, and Kansai Nerolac rose up to 5.1% in Friday’s trade on NSE after Brent crude futures fell to a four-month low of $77.42 per barrel on Thursday. Meanwhile, on Friday, oil prices were little changed in early Asian trade after slipping about 5% to a … Read more
Crude oil shed to a near four-month low last week due to easing supply tensions in the Middle East, rising OPEC exports, mixed economic data release from China, and a surge in US inventory levels. Prices corrected by more than 16 percent since the middle of October when it surpassed $90 a barrel on worries … Read more