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U.S. West Texas Intermediate (WTI) futures were at $59.56 per barrel at 0211 GMT, up 26 cents, or 0.4 percent, from their last settlement. Oil prices rose on Friday, pushed up by ongoing supply cuts led by producer club OPEC and U.S. sanctions against Iran and Venezuela, putting the crude markets on pace to post their biggest first quarter gain since 2009. U.S. West Texas Intermediate (WTI) futures were at $59.56 per barrel at 0211 GMT, up 26 cents, or 0.4 percent, from their last settlement. WTI futures are set to rise for a fourth straight week and are set for a first quarter gain of 31 percent. Brent crude oil futures were up 30 cents, or 0.4 percent, at $68.12 per barrel. Brent futures are set to increase by 1.7 percent for the week and are set to climb by 27 percent for the first quarter. For both futures contracts, the first quarter 2019 is the best performing quarter since the second quarter of 2009 when both gained about 40 percent. Oil prices have been...

The upcoming weekly series has strong put writers at 10,800 that is acting as immediate support for the market The geopolitical tension along with February expiry led to wild swings in the market as Nifty made a low of 10,729 and witnessed a high of 10,939 during the last week, and ended below 10,900. The Nifty50 ended the February series with loss of 0.36 percent at 10,792 vis-à-vis January series. Bank Nifty saw a fall of 1.84 percent during the same period. The Nifty rollovers stood at 60 percent, which was 13 percent below the 3-month average. Lack of momentum in the market pushed the Open Interest (OI) tally to almost a year low.February series saw Nifty Media as top performing sector led by stellar moves in  Dish TV  and  Zee . The Nifty Auto index was the next best performer with two-wheelers and auto- ancillary outperforming. The Nifty PSU banks were the worst performer led by fall in  IDBI  and  Bank of India . Top rollover stock...

Sharma is of the view that after the recent correction it is tough to say that midcaps have bottomed out. The big ‘P’ or political situation is the next big uncertainty that Indian market will face in the next few months and investors should not ignore the risks which come with it, Shankar Sharma, VC & Joint MD, First Global said in an interview with CNBC-TV18. “It is a significant event and one should not be dismissive about its importance. It will have a pretty significant effect on the stock market. It was a done deal the last time when the campaign started, but this time it does not look like a done deal,” he said. He further added that there is a possibility that the current government could come back with a weaker setup which markets may not like. Well, there is also a possibility that the market may go with the weaker setup. “Hence, this is a significant event and I have no clue as to what will happen but whatever happens it will have a significant impact on ...

Dolat Capital said Maruti seems to take a hit on margins due to the increase in input cost and not being able to pass the hikes considering the competitive intensity. Maruti Suzuki India  shares crashed nearly 9 percent intraday to break its earlier 52-week low of Rs 6,501.65 touched on October 26, 2018, after sharp dip in third quarter earnings. The stock hit a fresh 52-week low of Rs 6,420 intraday today. It closed at Rs 6,516.35, the lowest closing level since April 27, 2017, down 7.4 percent on the BSE. The country's largest car maker said its profit for the third quarter fell 17 percent to Rs 1,489.3 crore YoY, impacted by the adverse commodity prices and forex rates. "Adverse commodity prices & foreign exchange rates, higher marketing & sales expenditure and higher costs in resources and capacities which were earlier planned to enable a higher estimated growth impacted the profitability," Maruti said. The impact was partially offset by the comp...

  Sensex up nearly 100 points, Nifty well above 10,900; IndusInd Bank up 2%     RIL Q3 PREVIEW  Oil-retail-to-telecom conglomerate Reliance Industries is expected to report strong set of earnings for the quarter-ended December 2018 driven by retail, telecom and petrochemical businesses. But slightly weak performance in refining segment may impact profitability. The country's largest company by market capitalisation will announce its December-quarter earnings on January 17. The key data points to look at in results would be the growth in retail, telecom and petrochemical businesses. "Petrochemical segment is expected to do better due to healthy deltas and strong volume growth in the segment. Positive developments in the telecom and retail segments should drive growth further for the company," Motilal Oswal said. Antique Stock Broking said consolidated profit could be marginally higher QoQ  (and up 3 percent YoY) on robust profitability in retail s...