A wave of major developments swept across markets and industries this Thursday. Oil prices rebounded sharply from recent lows after US President Trump claimed India would halt Russian crude imports, potentially tightening global supply.
Back home, the Sensex and Nifty surged to near four-month highs, fuelled by gains in banking, real estate, and FMCG sectors. In commodities, Motilal Oswal’s bullish outlook on gold and silver points to further upside amid a historic rally. Corporate earnings dominated headlines, too.
Nestlé India posted strong volume growth in the second quarter, while Eternal’s stock took a hit despite Blinkit's growth due to cautious commentary on food delivery.
Meanwhile, Zepto secured a massive $450M funding round, and Aditya Birla is bringing Parisian luxury icon Ga