MOIL achieves record September production of 1.46 lakh tonnes, with a 7% growth in overall production in the first half of FY24. Despite market challenges, sales remain stable at 7.51 lakh tonnes. MOIL’s ambitious exploratory drilling efforts continue to increase, signifying commitment to future growth.
Posts in category Economic Times
Stock to watch: Nykaa shares in focus after update on Q2 revenue (08-10-2024)
Nykaa witnesses strong performance in Q2 with consolidated net revenue growth in mid-twenties. Beauty vertical, omnichannel retail, and eB2B distribution show robust growth. Fashion vertical sees NSV growth in early teens. Nykaa expands Dot & Key ownership to 90%. Festive season expected to boost demand.
Big movers on D-Street: What should investors do with Macrotech Developers, Naukri and Titan? (08-10-2024)
Benchmark indices Sensex and Nifty dropped for a sixth straight session, impacted by mixed global trends. Key stocks included Macrotech Developers gaining 1.3%, while Naukri and Titan fell by 2.4% and 2.6% respectively. Analyst Ameya Ranadive provides recommendations for these stocks amid market volatility.
Death Crossovers: These 5 stocks signal further bearishness on October 8 (08-10-2024)
These stocks’ 50-day SMA crossed below their 200-day SMAs on October 7.
Gold flat as markets await Fed minutes (08-10-2024)
Gold prices remained stable as investors anticipated the release of the U.S. Federal Reserve’s meeting minutes and upcoming economic data for indicators on potential policy easing. Meanwhile, geopolitical tension in the Middle East and a strong U.S. jobs report influenced market expectations on future rate cuts.
China markets reopen with a roar after week-long break (08-10-2024)
Chinese stock markets saw significant gains, with the CSI300 hitting two-year highs and the Shanghai Composite rising to its best levels since December 2021. Investors are optimistic about aggressive stimulus measures, though some urge caution given the current substantial market gains.
Dollar holds on to 7-week highs as traders consider US rates outlook (08-10-2024)
The dollar maintains its seven-week highs as robust US jobs data and investor expectations of fewer significant rate cuts by the Federal Reserve fortify its position. Key focus areas include the upcoming U.S. inflation report, minutes from the Federal Reserve’s September meeting, and China’s markets reopening.
Oil edges lower after rallying to highest in over a month on Middle East war risk (08-10-2024)
Oil prices slightly dropped in early Asian trading on Tuesday as traders took profits after a strong rally due to escalating conflict in the Middle East. Brent and U.S. West Texas Intermediate futures both saw declines, despite significant gains from heightened geopolitical tensions and potential supply disruptions.
Wall Street indexes slip with interest rates, Middle East in focus (08-10-2024)
Further dampening sentiment on Monday was an order from a U.S. judge for market heavyweight Alphabet’s Google to overhaul its mobile-app business to give Android phone users more options. Analyst reports also spurred selling of Amazon.com and Apple Inc.