Swan Defence and Heavy Industries secured a significant order to build four 92,500 DWT dual-fuel ammonia bulk carriers, a first for India. This Rs 1,500-3,000 crore project marks a major advancement in the nation’s shipbuilding capabilities, with the first vessel slated for delivery in October 2029.Read More
Indian stock markets experienced a sharp downturn on Tuesday, with Sensex and Nifty 50 falling significantly. This decline, wiping out over Rs 3.5 lakh crore in market capitalization, was attributed to geopolitical tensions, rising oil prices, and other investor concerns. Several major companies saw substantial losses, impacting the broader market sentiment.Read More
Gold and silver prices opened marginally lower on MCX on Tuesday as rising Middle East tensions and surging crude oil prices dented investor sentiment. US President Donald Trump’s sharp warning to Iran over reopening a key strait added to uncertainty. Silver futures dropped 0.7%, while gold slipped 0.2%, reflecting cautious trade amid geopolitical risks and volatile global cues.Read More
A rise in futures open interest indicates an increase in the number of active, unexpired contracts in a stock, signalling fresh position build-up or addition to existing positions by market participants.Read More
India’s oil producers and refiners face a volatile energy market. Disruptions in the Strait of Hormuz are causing crude oil prices to rise sharply. This situation is expected to persist, impacting earnings for companies like ONGC and Oil India. Oil marketing companies are absorbing losses. Reliance Industries also faces challenges. A quick return to pre-conflict prices is unlikely.Read More
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