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[hfe_template id='11223'] [ad_1] Shares of InterGlobe Aviation, which operates IndiGo Airlines, rose up to 4% to a day’s high of Rs 5,566 on BSE on Monday, as Brent crude oil prices fell below the $60 per barrel mark following OPEC+’s announcement to increase output. Asian Paints shares also gained around 2%, as declining crude prices significantly reduce raw material costs for paint companies. A fall in crude oil prices is beneficial for both airlines and paint manufacturers. For paint makers, lower crude prices lead to reduced input costs and higher margins, thereby boosting profitability. Similarly, for airlines, cheaper fuel improves margins and lifts bottom-line performance. Among other paint stocks, Berger Paints and Akzo Nobel were also trading nearly 2% higher. MRF shares jumped over 2%, as the tyre manufacturer uses crude-derived carbon black as a major raw material. Live Events Meanwhile, fuel retailers like HPCL, IGL, IOC, and BPCL saw gains of 4–6% each.Crude...

[hfe_template id='11223'] [ad_1] The Indian market is expected to consolidate on Monday, influenced by mixed global cues. The Nifty futures closed positively with a gain of 0.53%, ending at 25,398 levels on Friday. India VIX decreased by 2.86%, falling from 13.79 to 13.39 levels. On the options front, the maximum Call open interest (OI) is positioned at the 26,000 and 26,500 strikes, while the maximum Put OI is at the 25,000 and 24,000 strikes. Call writing is observed at the 25,800 and 25,500 strikes, whereas Put writing is seen at the 25,200 strike. “Options data suggests a broader trading range in between 24,800 to 25,700 zones, while an immediate range between 25,000 to 25,600 levels,” Chandan Taparia, Analyst-Derivatives at Motilal Oswal Financial Services Limited, said.“Nifty has given a decisive breakout on a weekly basis with a strong Bullish candle and closed near its higher band with higher highs - higher lows sequence from the last three weeks,” he said.“Now, ...

[hfe_template id='11223'] [ad_1] Synopsis Gas stocks have been underperforming the market for a while. Several factors contribute to this, including stagnant volume growth, companies struggling to expand into new areas, and the latest challenge from electric vehicles (EVs). An announcement about aggressively promoting EVs in Delhi bought additional pressure on stocks like IGL. While EVs are expected to dominate in the future, does this spell the end for gas companies? Probably not. There are still many other uses for gas, and the negative narrative might be overstated. Additionally, these companies have strong cash reserves and cash flows from their existing businesses, which they can use to explore new opportunities within the EV ecosystem. Also at time when volatile market conditions, these stocks tend to weather the storm better. It might sound strange to some but there is enough evidence to show that when bulls are in control of the market, some sectors get ignored. ...