Indian equities rebounded on Thursday, after declining more than 2% over the past three trading sessions. Analysts expect markets to track global cues, macro indicators and the ongoing quarterly earnings. Key companies announcing results on Friday include JSW Steel, Shriram Finance, BPCL, Godrej Consumer, Cipla, MCX, Piramal Finance amongst others. STATE OF THE MARKETSGIFT Nifty…
With the Union Budget 2026-27 just weeks away and Brent crude hovering near $60 a barrel, JM Financial is urging investors to pick their oil and gas bets carefully. The brokerage has reiterated buy ratings on Oil India and ONGC, while warning of fiscal risks for state-run oil marketing companies, maintaining a sell on HPCL…
Indian Oil reported doubling of net profit to Rs 5,689 crore in the June quarter from Rs 2,643 crore a year earlier buoyed by robust marketing margins. Revenue from operations grew 1% to Rs 218,608 crore in the three months ended June. “Improvement in net profit is mainly on account of higher refining and marketing…
The inclusion of Zomato and Jio Financial Services in the Nifty 50 index from March-end is expected to inflate the headline equity index’s price-to-earnings (PE) ratio by 2.5%, according to calculations done by ICICI Securities. The brokerage highlights that the continued entry of high-valuation new-age stocks into the benchmark index has been a key driver…