State-run oil marketing companies (OMCs) in India are poised to see improved profitability as falling crude oil prices lift fuel marketing margins, with composite margins on petrol and diesel sales now above pre-conflict levels, according to a JP Morgan report.
Falling crude oil prices are set to improve profitability for oil marketing companies in India, with composite margins on petrol and diesel sales above pre-conflict levels, according to a JP Morgan report. However, rising debt levels and uncertainty over fuel taxes limit the sector’s long-term outlook.
The Indian stock market is holding steady in mid-session trade, with the Nifty 50 and Sensex continuing to rise amid broad market participation. Cipla, Dr. Reddy’s Laboratories, and Infosys are among the top gainers on the Nifty 50. Learn more about the current market trend and top-performing stocks.
Iris Clothings Limited, a leading Howrah-based kidswear maker, has entered the quick commerce segment to boost its sales and expand its reach. The company has partnered with one of India’s dominant quick commerce platforms to deliver products within a short time frame, providing a unique opportunity to tap into the growing demand for kidswear products.
The Nifty 50 has opened the week with a gap-up and is trading higher, with a positive outlook and potential rise to 24,400 in the coming sessions. Traders can go long now at 24,135, with a stop-loss at 24,040 and a potential exit at 24,285.
Nifty 50 has opened the week with a gap-up, trading higher at 24,120 with a positive outlook. Key intraday support levels are in the 24,060-24,050 region, with a potential rise to 24,200 in the coming sessions. Traders can go long now at 24,135, accumulating on dips at 24,105 and keeping a stop-loss at 24,040.
The NEET UG re-examination witnessed a massive turnout of over 20 lakh students, with enhanced security measures in place, including Aadhaar-based biometric and face authentication, CCTV monitoring, and two-layer frisking. The ‘whole-of-government effort’ ensured a seamless and transparent examination process.
SBI chairman Setty believes the lender’s improving financial performance and valuable subsidiaries are not fully reflected in its share price, making it due for a valuation boost. The bank has focused on three priorities: launching Yono 2.0, strengthening capital, and operational process re-engineering through Project Saral.
The Consumer Protection Authority (CCPA) has imposed hefty fines on Storia Foods and English Oven for making misleading claims on their product labels. The companies have been directed to withdraw the claims from their packaging, websites, and digital platforms.
Voltas Ltd achieves one million sales milestone in FY 26-27, solidifying its position as India’s No. 1 AC brand. The company’s strong execution, product portfolio, distribution network, and consumer-centric approach have contributed to this milestone.
