Analysts optimistic as Brent crude above $80 boosts ONGC and Oil India

From Hindustan Times: 2024-07-17 00:45:17

Today’s market news wrap-up includes Nifty 50 and Sensex movements, top gainers and losers, plus insights on Asian and US markets. Stay updated on market trends with Mint’s real-time blog. Analysts are optimistic as Brent crude prices stay above $80, boosting ONGC and Oil India shares. Micro-cap stocks evolved into smallcaps, showcasing market growth. Gold prices in Delhi stand at Rs. 74,806 for 10 gm of 24 carat gold and Rs. 92,200 for 1 kg of silver. Stock picks for tomorrow include BPCL, Godrej Properties, and Canara Bank. Concerns loom over the Indian PV industry maintaining growth momentum amidst discounts and high inventory levels. The US market sees Dow Jones hitting a record high and Nasdaq gaining cautiously. Despite the bull market’s strength, threats lurk that could impact stocks. Indian stock markets are closed today for Muharram, while commodity markets resume trading later. Retail investors and FIIs take different positions ahead of the budget, with cautious retail investors contrasted by bullish FIIs.



Read more at Hindustan Times: Latest Market News Today Live Updates July 17, 2024: ONGC, Oil India share price: Analysts positive as Brent crude price sustains above $80 level, likely to remain firm