Podcasts about oil india

To get your dose of daily business news, tune into Mint Top of the Morning on Mint Podcasts available on all audio streaming platforms. This is Nelson John, and I'll bring you the top business and tech stories, let's get started. 

-Welcome back to CNBC-TV18's Marketbuzz Podcast. This is your host Kanishka Sarkar bringing you top developments ahead of today's trading session -Early exit polls in the extremely close U.S. presidential election appear to give an edge to Republican Donald Trump. Trump won eight states in the election while Kamala Harris captured three states and Washington, D.C., Edison Research projected. The early results were as anticipated, with the contest expected to come down to seven swing states. -Early results from Georgia, which narrowly voted for Democrats four years ago, could offer initial insight into how the two candidates are performing. Pennsylvania and parts of Michigan, both crucial battlegrounds, close at 8 p.m. local time. -Equities in Japan and Australia climbed. Chinese equities were mixed, with the CSI 300 Index of onshore shares edging higher in early trading while a gauge of the nation's Hong Kong-listed stocks down about 1%. -While results were still being collected and polls remained open in many key states, the ex-president's odds of election were climbing on betting markets and on national forecasting sites such as Decision Desk HQ. The Mexican peso and the Japanese yen dropped about 1%. -Back home, for a better part of Tuesday's trading session, Monday's lows were in danger of being taken out as the Nifty made a low of 23,842 on Tuesday. Then came the rebound. The Nifty Bank was the one that triggered the upmove with a sharp recovery from the lows. The financial services expiry, coupled with oversold setups on the charts led to a major short-covering move on the indices. By the end of Tuesday's session, the Nifty was back above 24,200 and the Nifty Bank, after a 1,000-point move, was back above 52,200, having traded briefly below the mark of 51,000 in intraday trading. -All eyes are now on the United States, where the outcome of the Presidential Elections, which is among the most closely contested ones in recent times, will be known in just a few hours from know. Polls continue to show both Donald Trump and Kamala Harris in a neck-to-neck fight. Sometime later today, there should ideally be a clearer picture as to who has emerged as the winner to be the next President of the US. -Wednesday's trading session will not only be the weekly expiry of the Nifty Bank, that led the reversal during Tuesday's trading session, it will also see earnings reactions from both Dr. Reddy's and Titan, the two Nifty constituents that reported results after market hours on Tuesday. Earnings reactions will also come from stocks like GAIL, Oil India, Mankind Pharma, Manappuram Finance, Waaree Renewables, JK Tyre, Berger Paints, Balmer Lawrie, among others. -While there are Nifty results like Tata Steel, Power Grid on Wednesday, broader market names like Delta Corp, Endurance Technologies, Power Grid, RITES, Rain Industries,  Sonata Software, JSPL, Shipping Corporation, among others will also be reporting results. -In terms of commodities, oil was steady after a five-day run of gains as the market monitored a tight US presidential election and Hurricane Rafael menaced production in the Gulf of Mexico. West Texas Intermediate traded near $72 a barrel after rising 0.7% on Tuesday, with Brent crude closing below $76. Rafael is threatening about 1.7 million barrels a day of output in the US gulf, and Chevron Corp. has shut some oil and gas facilities in the area. Gold was also steady as investors monitored a tight US election that could prove massively consequential for financial markets. -GIFTNifty was off highs this morning trading at a discount of nearly 60 pts from Nifty Futures Tuesday close tracking US polls outcome, indicating a start in the red for the Indian market. Tune in to the Marketbuzz Podcast for more cues

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top news from around the world ahead of the trading session of September 11 -GIFTNifty was lower this morning, trading at a discount of more than 10 pts from Nifty Futures Tuesday close, indicating a flat-to-negative start for the Indian market. -The next two sessions are crucial for the index. While today, i.e Wednesday will be the weekly expiry of Nifty Bank, the Nifty's weekly contracts expire on Thursday. Broader markets also staged a rebound after Monday's underperformance. -Now Nagaraj Shetti of HDFC Securities says Nifty faces a crucial resistance at 25,200 levels. A decisive move above this can open further upside towards new all-time highs with immediate support at 24,900. -Stocks to track: Reliance Industries, Dr. Reddy's Laboratories, Pidilite, Oil India, IREDA, Goa Carbon, Ramco Systems, Lemon Tree Hotels -Asian stocks slipped Wednesday on growth concerns ahead of a US inflation report and as markets prepared for the knock-on effects of a presidential debate. Back in the US, the S&P 500 rose 0.4% with a Bloomberg gauge of the “Magnificent Seven” megacaps jumping 1.5%. -Crude has tumbled by almost a fifth so far this quarter on concerns that slowing growth in the US and China, the leading consumers, will crimp demand at a time of robust and expanding supplies. -Sparring on politics and personality, Kamala Harris and Donald Trump showcased their starkly different visions for the country as they met for the first time for perhaps their only debate before November's presidential election, a high-pressure opportunity for the candidates after a tumultuous campaign summer. Tune in to the Marketbuzz Podcast for more cues

In this episode of Market Minutes, Nandita Khemka talks about the key factors to watch out for this week. Benchmark indices snapped a two-week losing streak due to a smart bounce back on Friday. Experts say 24,700 could be a possibility this week, however some consolidation with a positive bias can't be ruled out. Focus will be on the FOMC minutes and Fed chairman Jerome Powell's speech at the Jackson Hole symposium. Maruti, ONGC, Oil India will be among the stocks to watch out for today. Also catch Sneha Poddar, AVP - Retail Research, Broking and Distribution at MOFSL in the Voice Of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are top developments from around the world ahead of the trading session of August 13 -On Monday, while the dip got bought into, similar to what the trend has been over the last few sessions, the Nifty could not sustain at higher levels as the recovery got sold into. The market remained fairly resilient to any potential concerns arising from the latest report from US-based short-seller Hindenburg Research. -Tuesday's session will see a lot of stock specific moves, particularly HDFC Bank, that may determine the trajectory of the Nifty during the session. India's largest lender will see an increase in weightage in the MSCI Global Standard Index but in two tranches. Nuvama Alternative is anticipating inflows worth $1.8 billion in the first adjustment that will take place on August 30. -Tuesday's session will see more PSU earnings reactions like Hindustan Copper, RCF, IRFC, HUDCO, along with other names like Vodafone Idea, Camlin Fine Sciences, Ami Organics, Campus Activewear, DOMS Industries, ITI etc. -Three Nifty stocks - Hero MotoCorp, Apollo Hospitals and Hindalco report results on Tuesday, along with broader market names like Emcure Pharma, Dish TV, Dilip Buildcon, IRCTC, Muthoot Finance, Piramal Enterprises, HEG, among others. -Other than that, shares of state-run Rail Vikas Nigam Ltd. will be included in the MSCI India Index, which is part of the MSCI Global Standard Index as part of its latest reshuffle. Six other stocks besides RVNL, namely Vodafone Idea, Dixon Technologies, Oil India, Prestige Estates, Oracle Financial and Zydus Lifesciences have also found a place in the MSCI India Index as part of the latest rejig. Bandhan Bank is the only Indian stock that will be excluded from the index. -Asian stocks rose this morning, fully recovering their losses from last week's rout, bolstered by an advance in Japanese shares. Japan's equities rose after a holiday, as a weaker yen supported exporters. MSCI's Asia-Pacific gauge rose as much as 1% to erase losses from last week's tumble. The S&P 500 closed little changed ahead of US inflation data later Tuesday and Wednesday. Treasuries held Monday's gains. -Oil remained near the $80 level it hit on Monday, as the US sees an Iranian attack against Israel as increasingly likely. Israel's sovereign debt was cut by one notch by Fitch Ratings, which kept a negative outlook on the credit as continued military conflict weighs on the country's public finances. Tune in to the Marketbuzz Podcast for more cues

In this episode of Market Minutes, Lovisha Darad discusses about what factors will guide market trends on May 29, following mixed global cues. Some of the top stocks to watch out in today's trade are PNB Housing, Brigade Enterprises, Oil India, among others. Also, catch Trivesh D from Tradejini on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Welcome to CNBC-TV18's Marketbuzz Podcast. Here are all the important cues ahead of the trading session of May 21 -It's a truncated week as the markets were closed on Monday due to voting in Mumbai in the fifth phase of Lok sabha elections 2024. -In the special trading session on Saturday,  the Nifty clawed back above the mark of 22,500, which is one of the two levels the charts were pointing towards once the index sustained above 22,300. All of the losses from the week earlier were recovered as it went up 2% in the extended week gone by, bringing the Nifty back to where it was at the start of the month. -The Nifty Bank has now sustained above the level of 48,000 for two days in a row and chartists have been wanting the index to sustain above that level for a potential move towards 48,500 on the upside. The index has gained in five out of the last six trading sessions and managed to recover half of the 3.1% fall it had in the week prior to last. -The other positive aspect for the domestic market is that foreign institutions turned net buyers in the cash market during Friday's trading session. This happened for the first time in the month of May. -Results today: BHEL, NMDC, PI Industries, IRCON, JK Tyre, GSFC, Metropolis, Laxmi Organic, VA Tech Wabag, Gulf Oil -Stocks to watch out for are SAIL, Ujjivan Small Finance Bank, Anupam Rasayan, India Cements, Whirlpool of India, City Union Bank, Lupin, Biocon, Oil India, Patanjali Foods -Overnight in the US, the Dow Jones Industrial Average lagged the broader market, in contrast to the Nasdaq, as JPMorgan Chase led losses. -All eyes will now be on Nvidia that reports earnings on wednesday. Nvidia shares gained more than 2% overnight on multiple bullish analyst calls that highlighted the company's preeminent market position. -Asia-Pacific markets started mixed this morning. Investors in Asia will be watching for any spillover effect on companies up and down Nvidia's value chain, such as Taiwan's TSMC and Foxconn, as well as South Korea's Samsung Electronics and SK Hynix. -Oil prices fell in early Asian trade this morning, with investors anticipating higher-for-longer U.S. inflation and interest rates will depress consumer and industrial demand. Brent crude futures declined to $83.34 a barrel. -GIFT Nifty traded with a premium of more than 60 points this morning from Nifty Futures' Friday close, indicating a start in the green for the Indian market Tune in to the Marketbuzz Podcast for more cues

Equity Cash: Manappuram, Oil India and CL Educate Equity Derivatives: TCS 4100 PE, Muthoot FIn 1340 CE Index Derivatives: Nifty 22400 PE, Nifty Bank 47400 PE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Hello and welcome to CNBC-TV18's daily markets podcast. Here's a snapshot of all that you need to know before the February 14 trading action - US inflation data came out higher than expected. US CPI data rose by 0.3% on a monthly basis, while on an annual basis it was up 3.1%. Core prices, which exclude volatile food and energy components, rose 0.4% month over month and 3.9% from a year ago. Core CPI was expected to have increased 0.3% in January and 3.7% from a year earlier, respectively. - Overnight in the US, the hotter-than-expected inflation data saw all three major indexes lose ground, with the Dow Jones Industrial Average falling 1.35%, clocking its worst session since March 2023 on a percentage basis. The S&P 500 slid 1.37%, while the Nasdaq Composite fell 1.8% to settle at 15,655.60. - Asia-Pacific markets tracked Wall Street losses. Hong Kong's Hang Seng index led losses in Asia, plunging 1.7% at the open as the city returns to trade after the Lunar New Year holiday. Japan's Nikkei 225 retreated from 34-year highs, falling 0.78%, while the Topix saw a larger loss of 1.21% - Oil held a seven-day run of gains as traders digested contrasting outlooks from OPEC and the IEA, as well as a mixed US stockpiles report. - Brent was near $83. Although OPEC's top official said global oil demand is set to grow strongly, the Paris-based International Energy Agency flagged comfortable markets this year. - The domestic stock market in the previous session closed at day's high amid volatility, regaining half of Monday's losses. The Nifty50 index held onto 21,700. The midcap index also recovered sharply, gaining about 1,000 points from lows. The Sensex rose 482.70 points or 0.68% at 71,555.19, and the Nifty gained 127.30 points or 0.59% at 21,743.30. - The Nifty Bank index also shed previous session losses and settled 1.38% higher at 45,502.40. The PSU sector has bounced back after witnessing profit booking over the last few trading sessions. - Meanwhile, foreign investors were net buyers, buying ₹376 crore, in the cash market on February 13, while domestic investors also bought ₹274 crore in equities. - Adani Group companies, IRCTC, Zee Ent, Nalco, Oil India, Deepak Nitrite, BPCL,  Bharat Electronics - Gift Nifty was trading in the negative territory this morning indicating a start below 21700 level for Nifty. Tune in to the Marketbuzz Podcast for more cues

Hello and welcome to CNBC-TV18's daily markets podcast. Here's a snapshot of all that you need to know before the February 13 trading action -The domestic stock market failed to hold opening gains on February 12, weighed down by broad-based profit booking. Small- and mid-caps extended their slide on rising concerns over high valuations. The NSE Nifty 50 index settled 0.76% or 166.45 points lower at 21,616.05, while the S&P BSE Sensex closed 0.73% or over 500 points lower at 71,072.49. -Foreign institutional investors (FIIs) net bought shares worth ₹126.60 crore, while domestic institutional investors (DIIs) purchased ₹1,711.75 crore worth of stocks on February 12, provisional data from the NSE showed. -Following the February 2024 quarterly review, NMDC, GMR Airports, Union Bank, BHEL and Punjab National Bank have entered the MSCI Global Standard Index. Apart from the new additions, the index provider has also increased the weights of Zomato, DLF, MRF, Hindalco, Interglobe Aviation, Dr Reddy's, Hero Motocorp, HDFC AMC, Lupin, Astral, One97 Communications and Bandhan Bank. - On Wall Street, the S&P 500 ended down slightly after hitting a fresh intraday record high. The MSCI world stock index was flat after touching its highest level since January 2022. -US' January consumer price index report is due later today, while the U.S. producer prices report is due later in the week. Investors are also eager to see Thursday's U.S. retail sales report for January. -The Asia-Pacific markets mostly rose this morning as more markets return to trade from the Lunar New Year holiday, including South Korea and Singapore. Japan's Nikkei 225 rose 1.82% on its open, crossing the 37,000 mark. Should the Nikkei sustain its gains and close above this mark, it will reach a 34-year high. Markets in China are closed for the week, due to the Lunar New Year holiday. Hong Kong is closed Tuesday, but is set to resume trading Wednesday. - Bitcoin has hit the $50,000 level for the first time in more than two years as the world's largest cryptocurrency was buoyed by expectations of interest rate cuts later this year and last month's regulatory nod for U.S. exchange-traded funds designed to track its price. -Results: Eicher Motors, Hindalco Industries, Siemens, Zee Entertainment Enterprises, IRCTC, Bharat Heavy Electricals, Bosch, National Aluminium Company, Gujarat Gas, Indiabulls Real Estate, Innova Captab, INOX India, Oil India, and Sula Vineyards among others. -Stocks to track: Coal India, JSW Energy, Steel Authority of India, Hindalco - Gift Nifty was trading 0.1% percent lower at 21,728 at around 7:30 am, indicating a flat start of the domestic market. Tune in to the Marketbuzz Podcast for more cues

In the latest episode of the Energy Connects Podcast ahead of India Energy Week 2024, Chiranjib Sengupta speaks to Dr Ranjit Rath, Chairman & Managing Director of Oil India Ltd, one of India's prominent Maharatna or mega-jewel national oil companies and one of the oldest E&P companies in Asia. One of India's leading geoscientists, Dr Rath outlines Oil India's historic contribution to the Indian energy sector, how it is the sheet anchor for the Hydrocarbon Vision for India 2030, the company's plans for overseas collaborations and setting up a carbon sequestration hub. He also talks about the outlook for the Indian energy market, Oil India's role in India's ambitious energy transition journey, and why he is looking forward to India Energy Week in Goa next month.

On this edition of The Core Report, as part of our ongoing series on Energy, financial Journalist Govindraj Ethiraj chats with Dr. Ranjit Rath. Dr. Rath was appointed as Oil India Limited Chairman & Managing Director in late 2022 and has been associated with diverse roles spanning from strategy formulation, business development and upstream asset management to application of geosciences and exploration geology in several important projects including creation of strategic petroleum reserves. This episode, brought in association with the India Energy Week, unpacks the legacy of Oil India Limited, its unwavering focus to cater to the massive energy demands of India; with oil and gas being the mainstay. Dr. Ranjit Rath also speaks about Oil India Limited's commitment toward its Green Energy Portfoilio along with its efforts for more exploration for energy resources. For more of our coverage check out thecore.in--Support the Core Report--Head to www.indiaenergyweek.comJoin and Interact anonymously on our whatsapp channelSubscribe to our NewsletterFollow us on:Twitter | Instagram | Facebook | Linkedin | Youtube

In this episode of Market Minutes, Lovisha Darad discusses if moderating bond yields and cooling oil prices can support rally for domestic equities on November 8. Dalal Street will continue to react to a slew of July-September quarter results. Companies like Tata Power, Oil India, and Lupin are set to report Q2 scorecard on Wednesday. Also, catch Mukesh Kochar of AUM Capital on Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, key data points, and developing trends.

Tech giants like Infosys and Wipro have given campus hiring a miss. Reports citing college placement officers and experts claim that there may be a 65% drop in recruitment of freshers this fiscal. Those on the rolls are not breathing easy either, as the season of lay-offs is far from over. And global headwinds too are refusing to budge. So in today's first segment, Kasthuri Akhil tries to find out when will the tech workers breathe easy?  But this tech sector has made India the world's favourite back office. It is fueling its growth as India is set to become the world's third largest economy. A recent projection by S&P Global Market Intelligence has predicted that India will overtake Germany and Japan by 2030. But how much will the common man benefit from it? Will it translate into improved formal employment opportunities, better healthcare, and an enhanced standard of living?  But right now, geopolitical uncertainty is keeping everyone on their toes -- whether it's the tech industry or the financial markets. It is also keeping crude oil on a boil for a while now amid a cut in supply by Saudi Arabia and Russia. At the bourses, stocks of oil exploration companies such as ONGC and Oil India have done well in this backdrop. So, is it time to load up on stocks of oil exploration companies and exit OMCs?  It's not just the geopolitics, but the domestic politics too is simmering. After Bihar's caste survey, politicians in Maharashtra too have demanded a similar exercise in the state. Clearly everyone is eyeing OBC votes. But who are OBCs? Listen to this episode of the podcast for answer.  

In case you missed it, WPC24 took place recently in Calgary, Alberta, for the second time in its history. WPC itself was established way back in the 1930s as a forum for the global industry to discuss common themes on a triennial basis. As a global event, it attracts an audience from around the planet.. The voices discussing the global energy industry's challenges included the Energy  Minister from Saudi Arabia, and the CEOs of Saudi Aramco, ExxonMobil, Repsol, WestJet, Accenture, Pertamina, KNOC, Kuwait Petroleum Corp, ONGC, NNPC (Nigeria), NOCK (Kenya), Oil India, and managing directors, presidents, vice presidents, and board chairs from Cenovus, Petronas, Petrobras, Petronet, Suncor, Deloitte, Brookfield, Platts, S&P, Shell, and many others.  You never know who you'll meet at such a gathering. As I ascended the escalator to the event floor for the opening ceremonies, I found myself standing beside a trade ambassador from Libya, who shared some personal details of the immense tragedy stemming from the floods from his country. My fellow panelists hailed from Calgary, Houston, and Saudi Arabia. I have a collection of business cards from Tema (Ghana), St. John's, Midland (Texas), Bogotá (Colombia), Pittsburgh, Berlin, Washington, and Uruguay. Under the broad theme ‘path to net zero', the range of topics under discussion were in equal parts bracing and confronting, taking in supply and demand, energy transition, decarbonization, industry growth and/or decline, financing strategies, infrastructure challenges, energy security, hydrogen developments, carbon capture and storage, net zero pathways, indigenous engagement, and talent issues. It is impossible for one person to summarize the conference because there are multiple parallel tracks, a full poster and paper show, and dozens of talks and panel discussions. You simply can't take it all in. Then again, you can always form a point of view based on the dialogue you did take in, so here's mine.

Equity Cash: Zentech, Oil India and Ugar Sugar Equity Derivatives: ONGC 170 CE, ONGC 180 CE Index Derivatives: Nifty 19500 CE, Nifty Bank 44900 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

In this episode, find out about Oil India's talks to acquire a stake in Tullow Oil's Kenya block, also find out about Vikram Bakshi's new investment Business Term of the Day: Dry powder

Equity Cash: MPhasis, Oil India, Chennai Petro Equity Derivatives: LTIM 4700 CE, Cummins 1660 CE Index Derivatives: Nifty 18400 CE, Nifty Bank 44000 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

Equity Cash: Mawana Sugar, Oil India, Thyrocare Equity Derivatives: ONGC 155 CE, Asian Paints 2700 PE Index Derivatives: Nifty 17800 CE, Nifty Bank 41500 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

In this episode of Market Minutes, Shailaja Mohapatra talks about - the global market action when Indian markets were shut; Q4 business updates by HDFC Bank, M&M Financial Services and Bajaj Finance; some good news for ONGC and Oil India, and Indigo Paints' newest acquisition. And, catch Divam Sharma of Green Portfolio in Voice of the Day segment. Market Minutes is a morning podcast that puts the spotlight on hot stocks, keys data points and developing trends.

Equities Cash: Infosys, Oil India, Chennai Petro Equity Derivatives: MGL 900 CE, LTTS 3800 CE Index Derivatives: Nifty 17600 CE, Nifty Bank 41300 CE --- Send in a voice message: https://podcasters.spotify.com/pod/show/kunvarji-group1/message

HEADLINES : 13th to19th November 2022 — India : Salesian College due to be Autonomous. Br. Banhunlang Lyngdoh of Psychology Department 5th semester reports from Siliguri * India : Salesian priest trains hundreds of young Oil India executives. Pinky Sarkar, Youth Animator and Trainer at Don Bosco Institute of Management reports from Guwahati * Thailand : Salesian Youth Movement holds two, Day Camps, 200 youth from 7 Salesian Family schools participate. Fr Ekasit Talhakultron reports from Bangkok * Vietnam : East Asia Oceania regional youth delegates plan youth ministry with General Councilor. Fr Augustine Phuoc reports from Ho Chi Minh City. This episode was produced by Fr. C.M. Paul director of Radio Salesian and Salesian TV with technical assistance of Program director of Salesian TV Mr. Bruno Thapa. "For the latest Asia-Pacific Salesian Family news log on to Don Bosco South Asia portal and the news link as https://donboscosouthasia.org/News and www.eao.bosco.lin

Equity: ONGC, Oil India and Bharat Forge Derivative: Nifty 17200 CE, Nifty Bank 39200 CE, Biocon 300 CE --- Send in a voice message: https://anchor.fm/kunvarji-group1/message

The government hiked prices of domestically-produced natural gas prices by 40 per cent to $8.5 per metric million british thermal unit from $6.2 per metric million british thermal unit, as global prices firmed up. Additionally, over 26 per cent jump was applied to high pressure, high temperature gas prices to $12.5 per mmbtu. Analysts believe this would create pressure in the inflationary economy, as the component is used to generate electricity, make fertilizers, and also converted into compressed natural gas (CNG) to run automobiles. So far this year, prices of natural gas have soared over 81 per cent to $6.65 in the global markets.  Back home, spot natural gas prices have surged nearly 100 per cent to 551 rupees per mmbtu, during the same period, data from MCX suggested. For upstream producers like ONGC and Oil India, analysts expect every $1 rise in gas prices will lift their Ebitda levels in the range of 4 per cent to 7 per cent. Analysts peg 19 per cent upside in Ebitda levels for ONGC and 27 per cent upside for Oil India by FY25. On the other hand, for city gas distribution companies, analysts do not expect these companies to absorb all cost increases. “For each $/mmbtu gas price rise, CGDs need to raise CNG price by Rs 4.7-4.9/kg. For $2.5/mmbtu price rise, and also for recent currency weakness, CGDs will need an immediate CNG price increase of Rs 12-14/kg (15%-19%),” says Bhaskar Chakraborty and Niraj Todi of Jefferies. For fertiliser companies, analysts believe that the government's subsidy bill will soak higher costs and no impact on related-stocks will be seen for the near-term. However, the margin profile of tile manufacturers is likely to take a hit. AK Prabhakar, Head of Research, IDBI Capital, says no impact is likely on fertiliser stocks. Fertiliser subsidy bill to absorb the cost-rise. Margin of tile manufacturers to take a hit. Higher tile exports may offset cost-increases.  As regards today, FII flows, crude oil prices, rupee movement and global cues will continue to guide markets on Tuesday.

Hundreds of fliers spent restless hours at Indian airports Wednesday morning after aircraft of Spicejet came to a standstill. Some took to social media platforms to register their ordeal, claiming that they were stranded for hours without a word from the private airline. Spicejet came out with a clarification later, and said that it had faced an “attempted ransomware attack”. It also said that services were resumed in a few hours after its IT team contained the situation. But not before it gave Spicejet brass some really scary moments. One of the tweets written in response to Spicejet's announcement in a way highlighted most firm's stand on cyber-security. It is more of defensive, than pre-emptive. What is ransomware? *Ransomware is a type of malware that hacks and prevents you from accessing your files or system *It demands that you pay a ransom in order to regain access *Ransomware employs encryption to hold the victim's information at ransom *Your critical data gets encrypted so that you cannot access files, applications, and databases   Ransomware is a malicious software which blocks access to a computer system. The hackers give access or the inscription key in lieu of money. In April, Oil India reportedly suffered a cyber-attack that disrupted its operations in Assam. The PSU major had also received a ransom demand of over USD 75,000,00 from the  hackers – who had asked for the equivalent amount in bitcoins.  In the subsequent police complaint, an OIL official said that the company and the government exchequer had incurred a huge financial loss due to the ransomware. And this seems to be the tip of the iceberg. Cybersecurity firm Sophos said in a recent report that around 78 per cent of Indian organisations that were surveyed had been hit by ransomware in 2021. The survey examined the impact of ransomware on 5,600 mid-sized organisations in 31 countries. This included 300 organisations from India.  And it found that in 2021, 78 per cent of Indian organisations that had their data encrypted due to ransomware ended up paying the ransom. This was the highest rate of ransom payment reported across all 31 countries surveyed. According to the survey, 48 per cent of Indian companies paid less than 5,000 dollars as ransom in response to ransomware attacks.  Meanwhile, 10 per cent paid 1 million dollars or more. In fact, three companies in the survey admitted to paying a ransom of 10 million dollars or more to hackers to get their data back. According to research from Unit 42 by Palo Alto Networks, ransomware payments hit new records in 2021. India saw a 218 per cent jump in ransomware attacks in 2021. The 2022 Unit 42 Ransomware Threat Report found that India ranks 10th globally with regard to the number of ransomware attacks. In fact, the country ranks second in the Japan and Asia-Pacific region.   is well aware of the threat environment it is operating in. According to a survey by PwC, around 80 per cent of Indian organisations are likely to increase their cybersecurity budget in 2022. According to Gartner – a technological research and consulting firm based in the US– end-user spending on security and risk management in India is forecast to touch 2.6 billion dollars in 2022, which would amount to an increase of 9.4 per cent from 2021.  Gartner's research has found that there is a significant shortage of skilled cybersecurity professionals in the country. As a result, end-user organisations in India often go to security service providers to meet their cybersecurity objectives. Therefore, spending on security services is forecast to be 1 billion dollars in 2022, which is the highest among all segments. This will be followed by spending on network security equipment and infrastructure protection. India Inc is going to become an even more target-rich environment for malicious actors owing to the digital leap many firms took due to the pandemic. At the end of the day, a c

China warned India in 2020 that it will disrupt India's Power Grid; and it did, on Oct 13, 2020. Two key people blaming China for intrusion are no more in the picture. What is India's response? What is common between the Power Grid disruption & Oil India incident? Watch this video! #NarendraModi #ModiGovt #IndiaUnderAttack

The Cybercrime Magazine Podcast brings you our daily alert, which provides boardroom and C-suite executives, CIOs, CSOs, CISOs, IT executives and cybersecurity professionals with a breaking news story we're following. If there's a cyberattack, hack, or data breach you should know about, then we're on it. Airs every day on WCYB and our podcast. For more on the latest cyberattacks, hacks, and breaches, visit https://cybercrimewire.com

The Ransomware Minute is a rundown of the latest ransomware attacks & news, brought to you by CyberArk. Listen to the podcast weekly and read it daily at https://ransomwareminute.com • CyberArk is the global leader in Identity Security. Centered on privileged access management, CyberArk provides the most comprehensive security offering for any identity – human or machine. To learn more about our sponsor CyberArk, visit https://cyberark.com

Oil India is a Public Sector Undertaking – in other words, run by GOI. The response will be looked at from different angles – how ready is India to take on hack attacks, how resilient and what should be the approach moving forward? Sree Iyer asks the difficult questions. #OilIndia #CyberAttack #RansomwareAttack #India

The Cybercrime Wire, hosted by Scott Schober, provides boardroom and C-suite executives, CIOs, CSOs, CISOs, IT executives and cybersecurity professionals with a breaking news story we're following. If there's a cyberattack, hack, or data breach you should know about, then we're on it. Listen to the podcast daily and hear it every hour on WCYB. The Cybercrime Wire is sponsored by Deloitte Cyber. To learn more about our sponsor, visit https://deloitte.com/cyber • For more breaking news, visit https://cybercrimewire.com

Brent crude is hovering around $92 per barrel-mark even as faint signs of progress in nuclear talks between the United States and Iran emerge. If US sanctions are lifted, Iran could export millions of barrels of crude and help to drive down red-hot oil prices. However, the move may not be enough to cool off the prices as tensions remain high in Eastern Europe.   Crude prices have rallied about 20% this year and 16% in the past month, as tensions between Russia and NATO simmered over Ukraine. Technically, if WTI March holds $91.60 level, it could rise up to $93.60 levels. Analysts worry oil prices are headed higher, and can hit $125 a barrel by June 2022 given these tensions and a pick-up in demand over the months ahead. Platts Analytics, for instance, expects India's gasoline demand to grow about 5 per cent in 2022 after rising 12 per cent in 2021.   "India's gasoline demand had already recovered back to above 2019's levels. The resurgence of COVID-19 in the country is expected to slow demand in Q1, but we still see growth for the whole of 2022 as the situation starts to improve. Mobility seems to be picking up as daily infections started to ease,” says JY Lim, Advisor, Oil Markets, S&P Global Platts Analytics But, rising crude oil prices may not be all that bad news, especially for companies that are engaged in drilling and extraction of oil. D-Street mavens are bullish on the road ahead for oil drilling companies such as ONGC, OIL India and Reliance Industries, who could gain from a rise in crude oil prices.   Another sector that is likely to benefit is electric vehicles (EV), as people may opt to buy EVs instead of the ones that run on conventional fuel. Technical chartists, too, remain bullish on these stocks from a medium-term perspective and expect these stocks to gain between 10 and 15% in the next 6 – 8 months. A mild dip in oil prices and bond yields on Tuesday did cap downside in the markets yesterday as benchmark indices snapped their three-day losing run. The BSE Sensex index is now at 57,808 while the Nifty50 is at 17,267 as global headwinds keep investors on their toes. Today, investors will react to Q3 earnings of Bharti Airtel and IRCTC, announced post-market hours yesterday, and will eye quarterly results of ACC, Berger Paints, Nykaa and Tata Power among others. Watch video

Indian shares may open lower on Monday amid mixed global peers. The Singapore-based SGX Nifty Futures, an early indicator of Nifty50's performance, indicated a negative start for the domestic market as it declined to 18,206, down 68 points or 0.37 percent, at 8:00 am. Among major pre-market cues today, Brent crude oil is back to pre-pandemic highs, and Bitcoin is trading flat. Among key stocks to watch out for are HCL Technologies, HDFC Bank, Hero MotoCorp, Hinduja Global Solutions, UltraTech Cement, Oil India and more. 

Top headlines   ·       Benchmarks end near 4-month lows amid Omicron scare; Sensex tanks 1,190 pts ·       Realty, metals worst hit in broad-based sell-off ·       Oil prices fall up to 5% as demand concerns weigh ·       Centre bans futures trade in seven agri commodities ·       Singapore index steals a march over NSE in Nifty futures volumes in 2021   Frontline indices slumped to their lowest levels in 4 months as surging Omicron cases triggered tighter restrictions in Europe and threatened to be a drag on the global economy into the New Year. Besides, heavy FPI selling, dwindling rupee, concerns over slowing Chinese economic growth, and sharp sell-off in index heavyweights resulted in a bull massacre.   Globally, shares dropped and oil prices fell by 5 per cent on Covid-19 concerns and tighter monetary policies by global central banks. Futures on the Dow Jones Industrial Average dropped 1.3 per cent, while those of S&P 500 and Nasdaq 100 declined up to 1.4 per cent. In Europe, the pan-European Stoxx 600 dropped 2 per cent in early trade and Japan's Nikkei led the losses in Asia with a 2.2 per cent fall.   Against this backdrop, Indian benchmarks settled 2 per cent lower amid across-the-board sell-off. The S&P BSE Sensex tumbled 1,190 points to close at 55,822 and the Nifty50 ended at 16,614, down 371 points.   However, the indices did stage a partial recovery during the fag end of the session to settle 1 per cent higher from the day's lows.   According to Vinod Nair, head of research at Geojit Financial Services, the Indian markets are reaching the last phase of this consolidation in terms of price correction. Some pockets have become fair and long-term investors can buy high-quality stocks with a focus on defensive stocks and India-focused businesses.   Yash Gupta, equity analyst at Angel Broking also believes buying on dips can be a prudent strategy with a focus on defensive bets.   As regards today, BPCL ended the session as the worst performer on the Nifty index, slipping 6.5 per cent. It was followed by Tata Motors, Tata Steel, IndusInd Bank, Bajaj Finance, Coal India, SBI, ONGC, HDFC Bank, Kotak Bank and RIL. All these shares dropped between 3 per cent and 5 per cent.   The broader markets underperformed the large-cap peers with the mid-cap and small-cap indices on the BSE ending over 3 per cent lower each.   Among individual stocks, AU Small Finance, Oil India, Nykaa, Sona Comstar, RBL Bank, Mindtree, Policybazaar, and Spandana Sphoorty tumbled in the range of 6-10 per cent.   On the upside, though, the shares of Future Group's listed companies rallied 20 per cent on the BSE after the Competition Commission of India (CCI) on Friday suspended Amazon's 2019 deal with Future Retail (FRL).   Among sectors, the Nifty Realty index shed 5 per cent, PSB Index fell 4.5 per cent, and the Metal index tanked 4 per cent. All other sectoral indices were down up to 3.5 per cent.   In the primary market, the three-day IPO of Surpriya Lifescience has been subscribed over 67 times so far on the final day of the issue.   Meanwhile in another development, the Securities and Exchange Board of India (SEBI) has barred exchanges from launching new futures contracts in paddy (non-basmati rice), wheat, chana, mustard seeds and its derivatives, soybean and its derivatives, crude palm oil, and moong, for one year. The order, which will come into immediate effect, is meant to check rising prices of some of these commodities, mainly oilseed complexes and pulses.

Domestic equities may continue to trade sideways in today's trading session as lack of major domestic and global triggers may keep investors on the sidelines. Around 270 mid, and small-cap companies are set to report their September quarter earnings today including Zomato, Krishna Institute of Medical Sciences, Oil India, and Nuvoco Vistas. In the primary market, Latent View Analytics will open its three-day initial share sale today. The company has fixed a price band of Rs 190 - Rs197 per share and is looking to raise Rs 600-crore at the upper end of the price band. Further, the IPO comprises fresh issue of equity shares worth Rs 474 crore and an offer-for-sale of equity shares worth Rs 126 crore by the promoter and existing shareholders. Most analysts suggest subscribing to the issue given the vast cross-selling opportunities, strong inorganic growth outlook, attractive valuations, and robust financial position. Meanwhile, the 3-day public offer of Sapphire Foods, the owner of Pizza Hut and KFC chain of stores, will enter its second day today. So far, the issue has been subscribed nearly 50 per cent. Also, today is the last day to apply for India's biggest IPO offered by Paytm. The issue, too, has reached the half-way mark by the end of day 2. Shares of Nykaa will also debut on the bourses today, a day ahead of the previously scheduled listing. The counter is commanding a strong grey market premium, suggesting a solid listing pop. On the global front, investors will eye October inflation data for China and the US, slated to be announced later today. That apart, foreign fund flow, oil price movement, and the rupee's trajectory will also sway the indices. On Tuesday, the BSE Sensex ended 112 points lower at 60,433 while the NSE Nifty settled with a marginal loss of 25 points at 18,044. The broader indices, however, finished in the positive zone. The BSE Midcap index advanced 0.8 per cent to 26,520, and the Smallcap index added 0.7 per cent to 29,321.

Indian equity benchmarks Sensex and Nifty50 closed in the red on Tuesday dragged by losses in financial and IT shares. Negative global market cues and profit taking pushed both Sensex and Nifty lower for the first time in four days.   The BSE Sensex bounced back after hitting a low of 59,045 in intra-day deals to finally settle at 59,668, down 410 points. The Nifty, meanwhile, tumbled 107 points to end at 17,749. In the 30-pack index, only nine stocks closed higher, led by Power Grid, NTPC and Sun Pharma. Whereas Bharti Airtel, Tech Mahindra and Bajaj Finance were the top losers. The broader markets, too, declined in tandem with the benchmarks. The BSE Midcap index lost 0.71 per cent and the BSE Smallcap 0.62 per cent. The advance-decline ratio favioured the declines as 1502 shares have advanced, but 1755 shares declined. In the sectoral space, barring Nifty PSU Bank, Pharma and Metal, all ended in the red. The Nifty Bank ended around 700 points from the day's low after touching anew high of 38,377. The IT and realty indices fell 2-3 percent. Media, financial and private banking stocks too suffered losses. That said, the BSE Utilities index gained over 1.7 per cent and was the best performer on BSE in the sectoral space. Coming to stock-specific moves, the shares of Bharat Heavy Electricals surged 6% on bagging an order from Goa Shipyard for warship gun mount. Rising crude oil prices too fired up select energy stocks including Oil India, HPCL, IOC, GAIL and BPCL. The stock of Sun Pharma ended 3% higher after the company launched a novel formulation in cough management, Chericof 12 in India. IDBI Bank rallied 8% after ICRA upgraded its existing rating to "A+" from "A". Meanwhile, Antony Waste Handling Cell tanked 7% post a block deal. Reports suggest a large PE fund exited its stake in the company. Total transaction valued at Rs 150 crore.   Going into trade on Wednesday, the markets will continue to take cues from global markets ahead of the monthly derivative expiry for the September series scheduled this Thursday. Deepak Jasani, Head of Retail Research at HDFC Securities said large scale sell-off is not yet seen in the markets and hence hopes of Nifty touching 18,000 level over the next few days still remains alive. Auto stocks may continue to remain in focus, with monthly sales data to be announced on Friday. Lastly, stock-specific news flow, as well as news related to COVID-19 vaccinations will also drive the markets.

Equity: ICICI Bank, Oil India, Vedanta Derivative: Tata Motors 310 CE, Nifty 17500 CE, Nifty Bank 36900 CE --- Send in a voice message: https://anchor.fm/kunvarji-finstock/message

CMP - 168, SL - 150, Targets - 190-225-250

Investors on Dalal Street have a host of cues to look forward to in trade today. While the global trade setup largely remains strong, firm crude prices could weigh on sentiment. That apart, stock-specific action amid ongoing earnings season and macroeconomic data are among other factors that can hold sway over the market trajectory. High volatility could also be on cards amid the weekly F&O expiry. Early indications are in favour of a strong start for the benchmark indices as SGX Nifty traded 30 points higher at 16,324 around 7.35 am. Further, smallcaps and midcaps could bounce back after three days of heavy selling following BSE clarification on the Add-On Price Framework. On the macro-economic front, Industrial production for June and CPI inflation for August will be released today. Industrial production expanded by nearly 30 percent year-on-year in May 2021 due to a low base in May 2020 when there was a nationwide lockdown. Meanwhile, CPI inflation will be a key data to watch out for especially after the RBI increased its FY22 inflation forecast to 5.7 per cent from 5.1 per cent earlier. Furthermore, in overnight trade, Dow Jones and S&P 500 closed at record levels as data indicated US inflation growth may have peaked, while sectors tied to economic growth advanced on the heels of the passage of a large infrastructure bill. Dow Jone added 0.6 per cent, S&P500 0.25 per cent while Nasdaq slipped 0.16 per cent. Asian shares failed to follow a strong close on Wall Street with fears about the spread of the Delta variant of the coronavirus weighing on sentiment. The Hong Kong benchmark fell 0.2 per cent while Australian shares were largely flat and Japan's Nikkei rose 0.35 per cent. Oil prices, meanwhile, held onto gains from earlier in the week. Brent crude was flat at $71.43 per barrel. Now, a look at stock-specific triggers that are likely to sway the market today. Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance, BPCL and Tata Steel are among key companies slated to post their quarterly earnings. Cutting down on its losses over the last year, footwear major Bata India today reported a Rs 69.5 crore net loss for the April-June quarter. In the corresponding quarter previous year, the firm had posted Rs 101 crore net loss. PNB Housing Finance is now looking to raise Rs 35,000 crore debt, after facing legal hurdles in the Carlyle group deal, days after SAT gave a split verdict in the matter. Knitwear major Rupa & Company Ltd on Wednesday reported a 32 per cent jump in its net profit to Rs 27.2 crore in the first quarter of the current fiscal. Lastly, a look at the primary market action. The initial share sale of Aptus Value Housing Finance India received 37 per cent subscription on the second day of offer on Wednesday while Chemplast Sanmar was subscribed 26 per cent. Both issues close for subscription today.

Large-cap stocks again took the lead over the minnows, although the magnitude declined following a clarification by BSE that the new Add-on Price Framework was applicable to securities with market cap of less than Rs 1,000 crore. Further, it will cover only scrips that are part of X, XT, Z, ZP, ZY and Y group and quote at more than Rs 10 per share. This sparked a recovery in the midcap and smallcap segments but even then both the indices declined for the third day straight. On Wednesday, the Midcap index lost 0.22 per cent and BSE Smallcap index 0.83 per cent. In the last three sessions, both indices have shed between 5-7 per cent spooked by a new surveillance framework by BSE. The market breadth remained in favour of sellers. The BSE adavnced-decline ratio was at 1:2. Analysts believe broader markets may be close to making a short term bottom and this may enable the Nifty to rise mildly in the near term. Overall, the benchmark indices ended the volatile session flat. After gyrating 591 points in intra-day, the BSE Sensex closed 29 points or 0.05 per cent down at 54,526. Nifty eked out 2-point gain to end at 16,282. Tata Steel, NTPC, Power Grid and RIL were the top Sensex gainers. The sectoral trend was mixed. Nifty Metal snapped its two-day losing run and rallied over 3 per cent. On the other hand, Nifty Pharma tanked 1.5 per cent. Banking and financial sectors remained under pressure today. On stock-specific front, Zomto's performance stood out. The stock rallied following its Q1 numbers as a better-than-expected revenue performance pushed investors to lap up shares. The scrip ended at Rs 135.80, up 9 per cent after rising as much as Rs 138.90 o BSE. Lupin and Sequent Scientific, meanwhile, tanked following their Q1 numbers presentation. Lupin shares lost over 6 per cent to end settle at Rs 1050.20 as the company reported a disappointing performance for the April-June quarter (Q1FY22) on the margins front. Shares of Sequent Scientefic lost 15 per cent on a sharp 86 per cent YoY decline in Q1 profit. A strong perfomance in Q1 pushed Pidilite stock over 2 per cent higher. The company's performance in June quarter looked impressive on a low base last year. Its Q1FY22 PAT stood at Rs 217.6 crore vs Rs 15.8 crore YoY. Shares of Tata Steel rallied nearly 4 per cent to Rs 1426.45 on the BSE ahead of its Q1 results on Thursday. Meanwhile, in the primary market, CarTrade Tech and Nuvoco Vistas IPOs managed to sailed through on last day of bidding process. CarTrade Tech garnered over over 20 times subscription and Nuvoco Vistas nearly 2 times. IPOs of Chemplast Sanmar and Aptus Value struggled to reach the halfway mark. Chemplast was subscribed only 25 per cent on Day 2 and Aptus 37 per cent. Both issues close on Thursday. Now, going into trade tomorrow, apart from action in primary market, stock-specific activity will continue to remain high in the secondary market as hundreds of companies are slated to post their numbers, including Ashok Leyland, Aurobindo Pharma, Eicher Motors, Hero MotoCorp, IRCTC, NMDC, Natco Pharma, Oil India, Page Industries, Power Finance and Tata Steel. Further volatility on account of weekly expiry will be high. Market will also watch out for IIP and CPI figures that are slated for release tomorrow. And on the global market front, Street will react to the US CPI figures due today apart from global cues.

A historic week for the benchmark indices came to an anti-climactic end as Reliance Industries single-handedly knocked benchmark Sensex and Nifty off their all-time high levels. A Supreme Court order in favour of Amazon stalled Reliance Retail's Rs 24,000 crore deal with Future Retail, pushing RIL 2 per cent lower. Further, while RBI along expected lines kept the repo rate unchanged at 4 per cent in the August policy outcome and reiterated its intent to focus on growth, investors could not ignore some concerns on the inflation front. The 5:1 vote on maintaining accommodative stance and rise in CPI projection for FY22 to 5.7 per cent from 5.1 per cent earlier indicated that debate on inflation is gaining centre stage. The domestic benchmark indices snapped their four-session winning run. The 30-pack Sensex closed the day at 54,278, down 215 points or 0.39 per cent. Meanwhile, NSE Nifty settled the day 56 points or 0.35 per cent at 16,238. Overall, for the five days ended Friday, Nifty ended the week above the 16,000 mark for the first time, up 2 per cent, and also snapped its two-week losing run. IndusInd Bank, Tech Mahindra, Bharti Airtel, Maruti were the top gainers in the 30-pack Sensex while Reliance Industries, Ultratech Cement, Tata Steel, HCL Tech were the top losers.   The broader markets outperformed, with the Nifty Midcap index rising 0.06 per cent and the Nifty Smallcap 0.04 per cent. Sectorally, Nifty Realty and Nifty Media were the top losers while Nifty IT was the best performer. In stock-specific action, shares of Vodafone Idea rallied 20 per cent, bouncing off 57 per cent from its 52-week low level hit on Thursday after the government introduced a Bill in Parliament to nullify the provision of retrospective tax in the Income Tax Act. On the other hand, shares of Future Group companies fell like a deck of cards. All five group stocks ended 9 per cent down following the apex court order that allowed the appeal filed by Amazon against a Delhi High Court order staying attachment of properties of Future Group companies and Kishore Biyani in relation to the Reliance deal. M&M shares ended the day marginally lower at Rs 758.40 per share reported a consolidated net loss after tax from continuing and discontinued operations at Rs 331.74 crore in the first quarter ended June 30 as against Rs 54.64 crore in the first quarter last fiscal. Glenmark Life Sciences shares kicked off its debut day on a quiet note as it listed at 4 per cent premium at Rs 751 per share on BSE against the issue price of Rs 720 per share. Later, the scrip declined a bit more to end the day at Rs 748.20. Meanwhile, in the primary market, the IPO by Devyani International gathered the maximum response by the end of Day 3 as it was subscribed 116 times while that of Krsnaa Diagnostics garnered 64 times bids. Windlas Biotech and Exxaro Tiles, meanwhile, received 22 times subscription. Now, going into trade next week, macro data, quarterly earnings and global cues will be key triggers. On the economic front, Industrial production for June and July retail inflation are slated to be out on Thursday, August 12.  Meanwhile, it will be an earnings heavy week, with Coal India, Tata Steel, Eicher Motors, IRCTC, ONGC, Zomato, India Cements, HEG, IDFC, AstraZeneca, Chemcon, Indian Hotels, Jet Airways, MRF, CAMS, Deepak Fertilisers, Heranba, Jindal Steel, Siemens, Trent, Bharat Forge, HUDCO, IndoStar, Mazagon Dock Shipbuilders, NMDC and Oil India among hundreds of firm slated to post their numbers for June quarter next week. Lastly, three new IPOs will open for subscription next week. Car Trade IPO will open on August 9 while Chemplast Sanmar and Aptus Value Housing Finance will launch their IPOs on August 10. Lastly, shares of Rolex Rings will list on bourses on Monday.

Dr. Narayan Sharma studies community and behavioural ecology, and the conservation biology of the primates in the fragmented landscape of the Upper Brahmaputra Valley of northeastern India. He is also interested in political, human and landscape ecology, and ecological history. More recently, he has also been deeply involved in teaching environmental biology and wildlife sciences at Cotton College, Guwahati, where he is an Assistant Professor. Twitter: @assamensis7 Popular Writing: Spotting a Mighty Troop of Stump-tailed Macaques The singing farmers of the forest Pig-tailed Macaque: Elusive Monkey of the Deep Forest Journal Articles: Size matters! The largest wild stump-tailed macaque Macaca arctoides troop ever reported, located in the Hollongapar Gibbon Sanctuary, northeastern India Chronic extraction of forest resources is threatening a unique wildlife habitat of the Upper Brahmaputra Valley, northeastern India Socio-economic Drivers of Forest Cover Change in Assam: A Historical Perspective Show notes: Department of Environment Biology and Wildlife Science, Cotton University, Guwahati An interview with Nicholas J. Gotelli After Assam oilfield fire, a central agency sought a review of environmental clearances to Oil India

Investors booked profits in cyclical stocks as growing concerns about new coronavirus outbreaks in Asian countries, undercutting an economic recovery,  worried investors. Besides, valuation concerns regarding Indian equities flagged by global agency HSBC and economic growth concerns raised by S&P, in the wake of the second wave of Covid-19 pandemic, added to investor woes. In their Asian outlook conference for the second half of 2021, brokerage firm HSBC said on Tuesday that the valuation of Indian stock market has become a concern now after a sharp run up from their March 2020 low. It maintains a 'neutral' rating on Indian equities and opines that the government's latest stimulus measures announced Monday are marginally positive. Relative to the economic dislocation seen in India, the package is not very large, it believes. S&P, meanwhile, cut India's FY22 GDP growth forecast to 9.5 per cent from 11 per cent predicted earlier and said that permanent damage to private and public sector balance sheets will constrain growth over the next couple of years. Against this backdrop, the frontline S&P BSE Sensex ended the day at 52,549 levels, down 186 points or 0.35 per cent while the broader 50-share Nifty closed at 15,748 levels, down 66 points or 0.42 per cent. PowerGrid, HUL, Nestle India, Cipla, Divis Labs, and IndusInd Bank eked out gains of up to 2 per cent to end the day as the top Nifty gainers. On the flipside, ONGC, Indian Oil Corporation, Hindalco, Kotak Bank, ICICI Bank, and Bajaj Auto declined in the range of 1.6 per cent to 2.5 per cent to settle as top laggards. The broader markets too reversed their gains with the BSE MidCap and SmallCap indices closing 0.42 per cent and 0.07 per cent lower, respectively amid losses in Oil India, SJVN, NHPC, Adani Transmission, Vodafone Idea, IFCI, Srei Infra, and Gujarat Mineral Development Corporation. Among individual stocks, shares of HDFC Life slipped 3.4 per cent to Rs 672 in the intra-day trade today after nearly 110.6 million shares changed hands on the counter on the BSE. Standard Life is believed to have sold 3.46 per cent stake. That apart, shares of Bajaj Healthcare zoomed 20 per cent and hit a new high of Rs 863.95 on the BSE in intra-day deal on Tuesday after the company announced that it has moved the Indian Patent Office requesting to grant a compulsory license for manufacturing & supply of Covid-19 drug “Baricitinib”. Shares of Cipla also advanced nearly 3 per cent to Rs 989 apiece on the BSE amid reports that India's drug regulator has granted the company permission to import Moderna's Covid-19 vaccine for restricted emergency use in the country. In a separate communication, Moderna has informed that the US has agreed to donate a certain number of doses of its Covid-19 vaccine through Covax to the Government of India for use here and has sought approval from the Central Drugs Standard Control Organisation (CDSCO), while Cipla, on behalf of the US pharma major, has requested for import and marketing authorization of these jabs. From a sectoral viewpoint, the Nifty Bank, Auto, Metal, and PSB index slipped between 1 per cent and 1.5 per cent on the NSE while the Nifty Pharma and FMCG indices advanced 0.5 per cent each. Global markets   Shares inched back from record highs on Tuesday on emerging Covid-19 variants across the globe, while investors also remained on edge over the United States' exit from accommodative policy. European stocks, as measured by the pan-European STOXX 600 index, were up 0.4 per cent, helped by a jump in industrial, financial and mining stocks. In contrast, MSCI's broadest index of Asia-Pacific shares outside Japan was 0.5 per cent lower as recent positive momentum stalled as some countries re-imposed lockdowns to contain the spread of the Delta variant of the virus. Japan's Nikkei fell 0.8 per cent, while in Australia the ASX/200 index closed down 0.1 per cent. Chinese stocks lost

After a volatile last week, investors can expect much the same going into the trade this week due to scheduled derivatives expiry of June month contracts. Meanwhile, with no major domestic macroeconomic data lined up this week, investors will closely eye global markets for cues. Besides, the progress of monsoon, Covid-related updates and RIL AGM will also be in focus. Analysts suggest that traders should be cautious and adopt a stock-specific approach as markets get volatile. On the other hand, long term investors can take advantage of this volatility and adopt a 'buy-on-dips' strategy. As Covid cases continue to recede and states re-open, doctors opined to not let the guard down and warned the third wave of the pandemic could be upon the country in the next 6-8 weeks. India's fresh Covid cases have stayed below 1 lakh for the last 14 days while on Sunday, the country reported 58,419 fresh cases, the lowest in 81 days. Going forward, the pace of infections and vaccination will sway the market trajectory. Meanwhile, on the earnings front, over 100 companies are slated to post their March quarter numbers this week, including ONGC, Oil India, NMDC, Ashok Leyland, Info Edge, Sobha and Apollo Hospitals. With the Q4 earnings season coming to a close, the focus will soon turn to next quarter earnings. That said, one of the biggest event for markets of the year -- Reliance Industries' AGM -- is slated for Thursday and will be closely tracked by investors. The AGM could provide details on a possible Budget phone launch by Jio in association with Google, progress on 5G technology and update on a deal with Aramco. Most analysts have maintained bullish bets on RIL ahead of AGM. The action in the primary market will continue as IPO by India Pesticides will open for subscription on Wednesday. The Rs 800 crore IPO is priced in the band of Rs 290-296 per equity share. Furthermore, two IPOs that closed for subscription last Wednesday are slated to make their debut on the bourses this week. Sona BLW Precision Forgings (Sona Comstar) and Shyam Metalics & Energy are expected to list on exchanges on June 24. Lastly, the rupee's trajectory, FPI flow and oil prices can further sway market sentiments. And now, let's take a look at the trade setup for today. As the global market mood soured, investors back home also braced for a sharp correction today. SGX Nifty was ruling 190 points lower at 15,559 around 7.35 am, indicating a gap-down start for the benchmark indices. Globally, stocks dropped as investors mulled the implications of a surprise hawkish shift last week by the U.S. Federal Reserve. Japan's Topix index shed 2.5%, Australia's S&P/ASX 200 Index dropped 1.8%, South Korea's Kospi index fell 0.9% and Hong Kong's Hang Seng Index declined 1.2%. S&P 500 and Nasdaq futures traded 0.3% and 0.1% lower, respectively. A look at the stock-specific triggers that are likely to guide the market today. Oil India, Info Edge, Bharat Dynamics, TCNS Clothing, and VST Tillers Tractors are among 70 companies slated to post their quarterly numbers today. Saudi Aramco chairman and Governor of the Kingdom's wealth fund Public Investment Fund, Yasir Al-Rumayyan, may be inducted on the board of Reliance Industries a precursor to a USD 15 billion deal, reports said. In a rare regulatory move, Sebi has restrained PNB Housing Finance from going ahead with shareholders' voting on the proposed Rs 4,000 crore-deal with Carlyle group and directed the company to carry out the valuation process as per the relevant legal provisions. NTPC posted nearly three-fold jump in consolidated net profit to Rs 4,649.49 crore for March quarter 2020-21 on the back of higher revenues. The consolidated net profit of the company in the year-ago period was Rs 1,629.86 crore. UCO Bank said its board will meet next week to consider raising up to Rs 500 crore as tier-II capital.

The natural gas well of Oil India Limited in Assam's Tinsukia district that had a blowout on May 27. The well caught fire on Tuesday could take at least four more weeks to control, the Hindustan Times reported. The fire erupted 13 days after an uncontrolled gas emission from the well and a day after three experts from Singapore reached the area to fix the blowout. The cause of the fire, which broke out at 1.40 pm, was yet to be ascertained. Tridiv Hazarika, Oil India Limited spokesperson, told Scroll.in that fireman of Oil and Natural Gas Corporation Ltd was injured in the incident. --- Support this podcast: https://anchor.fm/latestnewssuno/support

From the Newsroom today, Confrontation is brewing between the Centre and the Delhi government. Fire breaks out at Oil India Limited's gas well in Assam. Jyotiraditya Scindia tests positive for COVID-19 and Karnataka Chief Minister B S Yediyurappa on the two "low-profile" party workers as candidates for June 19 Rajya Sabha polls from Karnataka. Download the Deccan Herald app for Android devices here: https://bit.ly/2UgttIO Download the Deccan Herald app for iOS devices here: https://apple.co/30eOFD6 For latest news and updates, log on to www.deccanherald.com Check out our e-paper www.deccanheraldepaper.com To read news on the go, sign up to our Telegram channel t.me/deccanheraldnews

ONGC, Oil India, Petronet LNG jump up to 7% amid steady rise in oil prices