Stock Market Live: Citi On Eicher Motors

  • Maintain Buy and hiked the target price to Rs 6,200 from Rs 6,050

  • Q4 EBITDA Slightly Below Estimate; Other Income Buoys PAT

  • Demand outlook is positive as management expects tax cuts to bolster urban demand in FY26

  • Rural demand is already healthy

  • Believe that volume growth might not percolate down to earnings if the margins remain weak

Oil Prices Extend Losses To Second Session 

Oil future prices declined for a second day in a row Thursday on news that Iran is willing to accept US’s conditions on nuclear program. NBC reported that Iran is ready to sign an agreement with an certain condition, which may mean they are willing to forego nuclear weapon.

The brent crude July future contract was trading 2.01% down at $64.76 a barrel as of 8:11 a.m. as compared to $66.09 close on Wednesday.

Asia Market Update: Share Indices Decline On Lack Of Significant Cues

Asia-Pacific markets declined Thursday on lack of significant cues as traders moved on from the latest positive development in the US and China trade talks.

The Nikkei 225 and CSI 300 were trading 1.12% and 0.50% down, respectively as of 7:49 a.m.

US Market Update: Most Share Indices End Higher As US Secures Deals With Saudi Arabia Totaling To $243 Billion

Most share indices in the US ended with gains on Wednesday as the US has secured deals with Saudi Arabia worth more than $243 billion. President Donald Trump is visiting the gulf states which resulted largest order for Boeing Co. from Qatar Airways. General Atomics also secured orders from Qatar, as reported by Bloomberg.

Moreover, American technology companies will also attract investment from Qatar, which boosted technology stocks in the Wall Street, Bloomberg reported.

On Wednesday, the Dow Jones Industrial Average settled 0.21% down, and S&P 500 ended 0.10% up. The Nasdaq Composite ended 0.72% higher.

GIFT Nifty Hints Muted Start; Eicher Motors, Brigade Enterprises, Wipro Shares In Focus

The GIFT Nifty was trading 0.04% or 11 points down at 24,756.50 as of 6:57 a.m., which implied a muted start for the benchmarks.

Traders will watch share prices of Eicher Motors Ltd., Brigade Enterprises Ltd., Tata Power Co., Lupin Ltd., Dollar Industries Ltd. as these companies released their fourth quarter results post market hours on Wednesday.

Wipro Ltd., Infosys Ltd., Hindustan Unilever Ltd., and Yes Bank Ltd. share prices may also move because of the news flow overnight.

On Wednesday, Sensex and Nifty 50 ended the day with gains. Nifty 50 ended 0.36% higher at 24,666.90 and Sensex closed 0.22% up at 81,330.56.

. Read more on Markets by NDTV Profit.Asian indices were trading lower, which may exert pressure on the Nifty 50 and Sensex. Track live updates on Indian stock markets here on May 15.  Read MoreMarkets, Business, Notifications 

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