ONGC, OIL India shares gain as crude prices jump further amid Israel-Iran conflict

Mumbai: Shares of public sector undertakings (PSUs) ONGC and Oil India surged on Friday, June 13, 2025 even as the stock market tumbled. The surge in prices of these stocks comes amid a sharp spike in Brent crude oil prices after Israel attacked Iran’s capital.

The shares of Oil India Ltd opened gap up with a gain of 2.8 per cent at Rs 481.15 on the BSE against the previous close of Rs 468.05. It gained further and touched the high of Rs 485.80, a gain of 3.79 per cent from the last close. The surge in price comes as the stock witnessed a spurt in volume by over 2.75 times today. At the time of writing the story, around 7.55 lakh shares changed hands. This is higher than the two-week average volume of 2.74 lakh.

Similarly, the shares of ONGC (Oil and Natural Gas Corporation Ltd) also opened gap up with a gain of 2.72 per cent at Rs 254.55 against the previous close of Rs 247.80. The counter hit the intraday high of Rs 255.40.

Continue Reading…

RBI MPC June Meet Live Updates: Guv Malhotra Slashes Repo Rate By 50 bps to 5.50%; Stance Changed To Neutral

RBI MPC June Meet Live: RBI Governor Sanjay Malhotra-led Monetary Policy Committee on June 6 announced a sharper-than-expected 50 basis points cut in the repo rate, bringing it down to 5.5% from 6%. While markets and economists had anticipated a 25 bps cut, this large reduction came as a surprise to support economic growth. The cumulative rate reduction comes to 100 bps cut since February 2025. The MPC also shifted its policy stance from ‘accommodative’ to ‘neutral’ and declared a 100 bps reduction in the Cash Reserve Ratio (CRR) to 3% from 4% earlier which is expected to infusing additional liquidity.This rate cut is great news for borrowers, it means home loan EMIs will become lighter, making it easier for people to afford homes and manage their monthly budgets more comfortably.

Continue Reading…

Choosing a PMS manager? Don’t miss these key metrics.

The credibility of a PMS heavily depends on the fund manager’s experience and track record.. By Ankit Patel

As high networth individuals increasingly look beyond traditional mutual funds, Portfolio Management Services (PMS) have emerged as a compelling avenue for bespoke wealth creation. However, choosing the right PMS product requires more than chasing returns. It calls for a disciplined evaluation across multiple dimensions.

PMS offer investors a valuable layer of diversification, not merely through different stock selections but through a fundamentally distinct investment approach.

Continue Reading…

Stock Market LIVE: Sensex skyrockets 2500 pts to top 82000-mark; Nifty hits 24800 on easing India-Pak tensions

Indian stock market rebounded sharply by 3 per cent on Monday (May 12) after India and Pakistan agreed to ceasefire on Saturday evening.

After starting the trade on an optimistic note, the 30-share BSE benchmark gauge Sensex further jumped 2,5060 points or 3.23 per cent to trade at 82006.49 around 1:15 PM. The NSE Nifty zoomed more than 800 points or 3.35 points to trade at 24820.10 around the same time.

The Nifty Bank index rallied 1633 points or 3.04 per cent to trade at 55,235 around the same time. India VIX, the fear gauge index, fell 15 per cent to sit at 18.43.

Continue Reading…

UK-India FTA marks pivotal shift in global trade dynamics: Expert

New Delhi: The free trade agreement (FTA) between India and the United Kingdom is expected to boost India’s rapid economic growth. Commerce Secretary Sunil Barthwal termed it a “game changer” and said it is the most comprehensive trade deal India has ever entered into.

“This is the most comprehensive free trade deal ever entered into by India and will be the gold standard for our future engagements. It opens up export opportunities for sectors such as textiles, marine products, leather, footwear, sports goods and toys, gems and jewellery,” Barthwal was quoted as saying by PTI.

Meanwhile, a report by SBI Research said that the FTA is part of a new global trade strategy that aims to reduce dependence on China, manage trade challenges from US tariffs, and help the UK reshape its economy after Brexit.

Moreover, the report said that the multi-billion-pound deal will reduce tariffs on 90 per cent of traded goods, helping businesses on both sides.

Commenting on the development, Ankit Patel, Partner at Arunasset Investment Services, said that the UK-India Free Trade Agreement marks a pivotal shift in global trade dynamics, especially in the post-Brexit and post-pandemic context.

Continue reading..