Fuel prices rise again: Petrol and diesel up around 90 paise in second hike in a week

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The latest revision follows a steep ₹3 per litre hike last Friday, as oil companies pass on higher costs triggered by global supply shocks and the West Asia crisis. The resulting inflationary pressure is likely to weigh on economic growth estimates, experts warned. India’s oil marketing companies (OMCs) increased fuel prices for the second time…

Technical View: Cooling VIX supports market; further rally in Nifty 50 possible only above 24,350; 56,200 seen as key hurdle for Bank Nifty

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The Nifty 50 is expected to trade in the 24,000-24,500 range in the near term. Decisive break of either of these levels could give a firm direction to the index. Nifty outlook for April 30 The Nifty 50 rebounded after a day of profit booking and rallied sharply towards 24,350 to fill the bearish gap…