News Overview

Both domestic and foreign funds have issued positive calls in response to the recent surge in Vedanta share price, which was fueled by plans for a demerger, deleveraging, and skyrocketing metal prices.

The telecom operator stated that April 8, 2024, is the important date for figuring out the floor pricing.

Following a tightening heavy oil supply, Saudi Arabia, the world's largest oil exporter, increased official selling prices for all crude grades to Asia in May, as anticipated.

JB targets to double CMO revenue from USD50mn to USD100mn over the next 3-5 years, driven by geographic expansion, on-boarding new clients, and adding new lifecycle products.

Analysts of IIFL Capital Services replace BAF with Chola Investment in their large-cap picks, along with removing Trent and Mankind after their recent OP, and retain their overall constructive stance. Geo-politics causing a sharp crude spike is a risk.

Benchmark U.S. 10-year Treasury yields increased along with the dollar's 0.1% gain against its competitors, which decreased the appeal of gold to other currency holders.

In India, petrol and diesel pricing is influenced by factors such as freight charges, value-added tax (VAT), and local taxes.

No new positions are permitted in any of the F&O contracts for the specified stocks during the ban period.

The big driver of rate cut expectations this week will be the US consumer inflation and FOMC minutes.

Chair Jerome Powell and other top officials have called for "patience" while making decisions about when to cut rates in the US due to a tight labour market and slow progress on inflation in the past few months.