Market Bizzz

Reuters reported on Friday that at least four Chinese-owned supertankers were shipping Russian Urals crude to China and a fifth supertanker was shipping crude to India, with the oil available at a discount following the imposition of an oil price cap by the Group of Seven (G7) nations.

Premiums for physical gold rose sharply in China last week, buoyed by optimism around the country’s reopening before Lunar New Year festivities, while Indian traders offered steeper discounts as record-high local prices dented consumer sentiment.

The rebound in domestic demand is expected to lead to a 40% drop in China’s exports of refined oil products in January from December’s figure, led by gasoline, trading sources and analysts said.

“A very strong price breakout has been there for UltraTech Cement on the weekly as well as on the daily charts”

Right now it is the internet and the technology shares of China and the consumption oriented ones which are getting money, so a little surprising. Secondly, given the dollar level, normally you would see emerging market inflows coming in and growth stories like India tend to benefit whenever the dollar index starts to go down.

Growth in the net interest income for the lender was the strongest in at least three quarters. The net interest income for the reported quarter increased nearly 25% on-year to Rs 22,988 crore. In the preceding three quarters, the growth in net interest income was 10-19%.

The lender’s interest income rose 15.6% year-on-year to Rs 3,322 crore against Rs 2,874 crore in the same quarter last fiscal

The private equity firm sold 1,59,93,734 shares on the BSE at Rs 1,300 apiece, aggregating to Rs 2,079 crore, bulk deals data showed

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