Stock Market Live Update: Hindustan Oil Gets Contract Area In Mumbai Region
Hindustan Oil Exploration Co has been awarded a contract area in the Mumbai region under the small fields bid round. This development is expected to enhance the company’s upstream oil and gas portfolio and contribute to its energy production goals.
Stock Market Today: Opal Bidco To Make Open Offer To Acquire 26% Stakes In Sanofi Consumer
Opal Bidco will make an open offer to acquire a 26% stake in Sanofi Consumer Healthcare Ltd. at Rs 4,982.05 per share. The open offer involves acquiring 60 lakh shares, valued at approximately Rs 2,983 crore.
Stock Market Live Update: IndusInd Bank Share Price May Move As It Internal Audit Reveals Discrepancies
IndusInd Bank Ltd. share price may move in Wednesday’s session as the lender revealed its internal audit accounted a financial impact of Rs 1,979 crore due to derivative accounting discrepancies.
On March 10, the lender disclosed that it had identified discrepancies in account balances within its derivative portfolio. An internal review estimated an impact of approximately 2.35% of the bank’s net worth as of December 2024.
IndusInd Bank share price ended 6.67% higher at Rs 735.50 apiece on Tuesday.
Gold Prices Hit Record High As Traders Flock To Safe-Haven
Gold prices hit a record high as traders flock to the safe haven after US President Donald Trump launched fresh probes which escalated trade war tensions.
The Bloomberg spot gold was trading 1.24% higher at record high of $3,270.69 an ounce.
Asia Market Update: Fall As Trade War Concerns Weigh
Most markets in Asia-Pacific were trading lower Wednesday as tensions regarding trade war weighed on investors after US President Donald Trump launched fresh probe into critical mineral. Moreover, Nvidia Corp said that the President has prevented exports of some chips from China, Bloomberg reported.
The Nikkei 225 and CSI 300 were trading 0.37% and 0.61% down, respectively. The KOSPI was trading 0.93% down as of 7:26 a.m.
US Market Update: Share Indices Fall On Mounting Worry Over Trade War
US share indices ended lower Tuesday as worries over trade war rose and its potential impact on economies weighed on investors. The Dow Jones Industrial Average and S&P 500 ended 0.38% and 0.17% down, respectively.
GIFT Nifty Above23,300; Axis Bank, ICICI Prudential, IREDA Share Prices In Focus
The GIFT Nifty was trading above 23,300 Wednesday morning. Axis Bank Ltd., ICICI Prudential Life Insurance Co., Indian Renewable Energy Development Agency, ICICI Lombard General Insurance Co., and Mahanagar Gas Ltd. share prices may move because of overnight news flow and fourth quarter results.
The GIFT Nifty was trading 0.15% or 34.50 points down at 23,277.00 as of 6:50 a.m.
The benchmark indices Sensex and Nifty 50 continued their upward trajectory to close higher for the second consecutive trading session on Tuesday.
Nifty 50 closed 2.19% higher at 23,328 as it gained 500 points. Meanwhile, the Sensex closed 2.10% higher at 76,734 on the heels of gaining 1,577 points.
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