Oil prices were little changed on Friday, staying on track for weekly gains, with tensions persisting in the Middle East after Israel rejected a ceasefire offer from Hamas. Brent crude futures slipped 1 cent to $81.62 a barrel by 0334 GMT, while U.S. West Texas Intermediate crude futures rose 3 cents to $76.25 a barrel.
Both benchmarks rose about 3% in the previous session as Israeli forces bombed the southern border city of Rafah on Thursday after Prime Minister Benjamin Netanyahu rejected a proposal to end the war in the Palestinian enclave. The tensions have kept oil prices elevated, with Brent and WTI both set to gain more than 5% for the week.
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GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Tuesday. Here’s a look at the key stocks to watch in trade.
Stocks in Focus: GIFT Nifty traded up by 46.50 points or 0.21% at 22,213 indicating a positive opening for domestic indices NSE Nifty 50 and BSE Sensex on Tuesday. Previously, on Monday, the NSE Nifty 50 ended up by 48.85 or 0.22% to settle at 22,104.05 while the BSE jumped 111.67 points or 0.15% to 72,776.14.
“Though the market reversed from the day’s low and ended up with a marginal gain, investors remain concerned over the progressing general election and high valuation. An absence of major positive triggers and the flight of FIIs from the domestic market will keep the short-term trend w…
Belstar Microfinance, a subsidiary of Muthoot Finance is likely to launch an initial public offering in the next 12 months, Managing Director George Alexander Muthoot said. He tells Ajay Ramanathan that the company has requested the Reserve Bank of India (RBI) for a deposit license.
Q. You recently launched business loans for MSMEs. What is your strategy on this segment?
A. We recently started business loans for the MSME segment. It is at a nascent stage and we have started operations in 15 cities today. While we have not fixed a target, we will probably hit Rs 150 crore of assets by the end of this financial year. This portfolio size will rise as we launch operations in more cities.
The initial public offer of Tata Technologies, which provides engineering and product development digital services, was subscribed 14.85 times on the second day of subscription on Thursday.
This is the first company from the Tata Group to float an Initial Public Offer (IPO) in nearly two decades. Tata Consultancy Services was the last IPO from the group in the year 2004.
The Rs 3,042.5 crore initial share sale received bid for 66,87,31,680 shares against 4,50,29,207 shares on offer, as per NSE data.