Quarterly earnings from blue chips such as Hindustan Unilever and Kotak Mahindra Bank, inflation data, trend in crude oil prices and global cues will be key determinants for the stock market movement this week, say experts.
Union Minister Arun Jaitley on Friday exuded confidence that India will pip Great Britain to become the fifth largest economy in the world next year if economic expansion continues at the projected rate.
China’s crude oil imports fell for a second month in a row in June to the lowest since December, as shrinking margins and volatile oil prices led some independent refiners, known as “teapots”, to scale back purchases.
Shares of oil marketing and airline companies gained up to 4.7 per cent today after crude oil prices posted their biggest one-day drop in two years.
U.S. crude oil exports to India hit a record in June and so far this year are almost double last year’s total as the Asian nation’s refiners move to replace supplies from Iran and Venezuela in a win for the Trump administration.
Crude oil prices advanced by 1.31 per cent to Rs 5,014 per barrel in futures market today as speculators increased positions, tracking a firm trend overseas.
Crude oil prices hardened by Rs 19 to Rs 4,952 per barrel in futures trading today as speculators created fresh bets, taking positive cues from global market.
Crude oil fell by 0.35 per cent to Rs 4,902 per barrel in futures trade today as speculators cut down their bets amid weak trend overseas.
Crude oil drifted lower by 0.78 per cent to Rs 5,086 per barrel in futures trade today as speculators cut down their bets, driven by weak trend overseas.
U.S. crude oil prices rose above $75 a barrel for the first time since 2014 on Tuesday after Iran appeared to threaten to disrupt oil shipments from the Middle East Gulf if Washington pressed ahead with sanctions.
ICICI Lombard sells 17.7 Lk shares or 0.84% equity at Rs 270/sh
In pact with Reliance Nippon to sell Mutual Fund products
Nextgen Vakrangee Kendras to offer mutual fund distribution on pan India basis
Plans to sell part of se Asia biz as part of strategy to exit non scalable biz
To sell Singapore & Thailand units valuing them at $ 500Mn
Singapore & Thailand biz contributes 16% to revenues & 2% to EBITDA
To turn focus to domestic market
Avendus cap-KKR emerge as frontrunner to acquire IDFC MF
Offer of Rs 3,000-4,000 Cr made by FIN services firm