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Latest Stock Market News

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Oil prices ticked lower on Thursday with investors waiting to see how major producers respond to the emergency crude release by major consuming countries designed to cool the market, even as data pointed to healthy U.S. fuel demand. U.S. West Texas Intermediate (WTI) crude futures fell 9 cents, or 0.1%, to $78.30 a barrel at 0201 GMT, extending an 11 cent loss on Wednesday.

Asian shares inch lower as dollar marches on

Updated at : 2021-11-25 09:20:01

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Asian shares wobbled lower on Thursday, hurt by the U.S. dollar which continued to march higher as investors bet on interest rates rising more quickly in the United States than in other major economies such as Japan and the euro zone.

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Carborundum Universal Ltd., incorporated in the year 1954, is a Mid Cap company (having a market cap of Rs 18626.24 Crore) operating in Industrial Consumables sector.

Price hikes to push Voda Idea Ebitda up 70% in FY22

Updated at : 2021-11-25 08:20:01

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Vodafone Idea (Vi) is likely to see almost 70% and 14% jumps in operating income and revenue respectively in FY22 following its decision to hike all prepaid tariffs by up to 25%, provided the loss-making telco doesn’t suffer any major resulting market share losses, say analysts.

Adani Wilmar, the equal joint venture between Adani group and Wilmar International of Singapore, sells oils, pulses, wheat flour and rice under the Fortune brand franchise.

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Gold prices edged up on Thursday as the dollar eased slightly, but comments from U.S. Federal Reserve policymakers suggesting the central bank could accelerate stimulus tapering weighed on the metal and kept it well below the key $1,800 mark.

LIC Pension Funds, SBI Pension Funds and SBI Life Insurance are said to have subscribed to the papers among others. The securities offered 6.67 per cent with seven-year maturity, market sources told ET. The interest rate offered was on expected lines.

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In another transaction, Visa Capital Partners sold 218,430 shares of Libas Consumers Products at Rs. 27.2 apiece through a bulk deal on the NSE.

Thursday will see the levels of 17435 and 17500 acting as resistance points. The supports come in at 17310 and 17230.

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Elon Musk offloaded another 934,091 shares for $1.05 billion, according to regulatory filings posted late Tuesday. The sales were carried out to cover taxes related to Musk exercising an additional 2.15 million stock options, the documents show.

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