Fri, Feb 2, 2024 1:43 PM
Markets remain in an uptrend as bulls are holding Vedanta, Vardhman Textile
A Flip by Avya Verma
Oil prices rose on Wednesday as supplies from Russia and OPEC members tightened, while data showing an unexpected increase in U.S. jobs openings pointed to expanding economic activity and consequent growth in oil demand. Brent crude was up 32 cents, or 0.42%, to $77.37 a barrel at 0135 GMT. U.S. West Texas Intermediate crude rose 42 cents, or 0.57%, to $74.67.
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📌GIFT Nifty (Earlier SGX Nifty) signals a muted start. 📌India VIX, which is a measure of the fear in the markets, fell 6.33% to settle at 14.66 levels. 📌FPIs turned net sellers at Rs 1,491 crore on Tuesday. 📌DIIs bought shares worth Rs 1615 crore. 📌The rupee fell 6 paise to settle at 85.74 against the US dollar on Tuesday. 📌The dollar stood tall on Wednesday.
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📌Tata Steel India's crude steel production jumped 6% Y/Y. 📌Tata Elxsi has inked an initial pact with CSIR-National Aerospace Laboratories. 📌NTPC incorporated a wholly-owned subsidiary, NTPC Parmanu Urja Nigam for nuclear energy initiatives. 📌The Board of Jindal Worldwide approved a bonus issue of 4 shares for every 1 share held. 📌RVNL signed an MoU with Dubai’s GBH International Contracting.
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