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Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to $83.90 a barrel.Read More

Indian stock indices Sensex and Nifty experienced a significant surge on Wednesday. Several companies reported strong financial results for the June quarter. Bajaj Housing Finance and MTAR Technologies showed substantial profit growth. Vedanta Oil & Gas and Vedanta Iron and Steel returned to profitability. Adani Enterprises, however, reported a net loss despite revenue increases.Read More

Ahead of the listing, Xtranet Technologies is commanding a grey market premium (GMP) of around 11%, reflecting positive investor sentiment. Based on the IPO’s upper price band of Rs 127 per share, the stock is expected to list at around Rs 142, translating into an estimated gain of nearly 11% over the issue price.Read More

Adani Enterprises reported a net loss of ₹1,160 crore for the June quarter. This loss was due to an exceptional charge related to an OFAC settlement. Strong growth in airports and roads businesses boosted operating performance significantly. The company reaffirmed its capital expenditure plans for upcoming fiscal years. Adani Enterprises has no current plans to...Read More

Adani Ports reported a 10.2% profit increase for the June quarter. Higher cargo volumes and international port business fueled this significant growth. Revenue from operations climbed 18.6 percent to ₹10,820.80 crore. The company’s international ports business saw revenue surge eighty percent. Domestic ports revenue grew twelve percent as cargo volumes increased.Read More

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impacting regional stability. Thirty-nine commodity ships passed through the Bab el-Mandeb strait into the Red Sea. Iran has ruled out an Omani proposal for regional joint management of the strait. Saudi Arabia is...Read More

The US dollar strengthened in Asian trading after the Federal Reserve maintained its interest rate. Geopolitical developments, including air strikes in Iran, also supported the greenback’s value. Other currencies like the British pound and euro experienced slight declines against the dollar. Treasury bond yields saw a significant increase following the Federal Reserve’s policy decision. Bitcoin...Read More

Gold prices saw a slight increase as markets evaluated Federal Reserve comments. The central bank maintained interest rates, leaving future policy moves uncertain. Investors now anticipate a lower probability of a September rate hike. Other precious metals also experienced gains amid these developments. Geopolitical events in the Middle East are also contributing to market caution.Read More

Japan’s Nikkei share average saw gains on Thursday, boosted by Advantest. Advantest’s shares surged after it raised its annual profit forecast significantly. Other chip-related stocks also experienced upward movement following this positive outlook. However, the broader Topix index declined as banking shares faced selling pressure. This divergence reflects a recent market trend favoring AI-related stocks...Read More