According to a Business Standard report, the government will give out new official economic growth and budgetary projections in July or later
In the earnings department, a total of seven companies including Britannia, Bharti Infratel, and Hathway Cable are scheduled to announce their March quarter results today
Since the start of the year, Brent has fallen about 65 per cent , while WTI has dropped around 75 per cent
Over 20 per cent fall comes despite OPEC+ agreeing to reduce production
The Mukesh Ambani-led conglomerate today announced that it has signed binding agreements for an investment of Rs 43,574 crore by Facebook into Jio Platforms
Oil producers are paying buyers to take the commodity off their hands.
They're running out of storage space on land and their refineries are running only at 50% of capacity; US Oil futures touch an unprecedented negative pricing
Global benchmark Brent crude also fell sharply in response to the collapse of demand following reduced economic activity
Today, a total of seven companies, including ACC, CRISIL, Den Networks, and ICICI Prudential Life are scheduled to release their March quarter earnings
US crude oil futures collapsed below $0 on Monday, for the first time in history, ending the day at a stunning minus $37.63 a barrel amid coronavirus-induced supply glut
The May US WTI contract fell $55.9, or 306 per cent, to settle at a discount of $37.63 a barrel after touching an all-time low of -$40.32 a barrel
Today, IT giant Infosys is scheduled to come out with its Q4 numbers and analysts are penciling in a 1 per cent QoQ hit in its revenue growth in constant currency terms for the quarter
RBI Governor Shaktikanta Das' media address at 10 am will remain a big focus today for investors who will also digest reports of an imminent second stimulus package
Wipro is slated to announce its Q4 numbers later in the day and most brokerages expect the company's revenue growth to come in at the lower end of the guided range of 0-2 per cent
HDFC will be in focus in today's session after the People's Bank of China increased its stake in the lending major to 1.01 per cent
Icra Ratings yesterday sharply cut India's GDP forecast amid the Covid-19 crisis. The rating agency now expects the economy to grow at just 2 per cent in the current fiscal
Investors will also react to Markit Services PMI data for March which was released yesterday, and, according to the monthly survey, India's services sector contracted in March to 49.3
The two nations are meeting next week to work out a possible output cut
Reliance Industries will be in focus today after the oil to telecom conglomerate yesterday said the company's board has approved a proposal to raise Rs 25,000 crore through non convertible debentures