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Brent was trading around $68 a barrel post losing 0.8% on Wednesday. Meanwhile, the West Texas Intermediate was close to $64.

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GIFT Nifty trading at a premium of more than 70 points from Nifty Futures Wednesday close, indicates a start in the green for the Indian market.

The Nifty crossed 25,300 and is now eyeing 25,500, while investor focus shifts to the impact of the US Fed’s 25 bps rate cut and Powell’s commentary on future cuts, with Indian IT stocks likely to track the sell-off in global tech shares. here

TRADE SET UP

Poonawalla Fincorp has allotted 3.31 crore equity shares on a preferential basis to its promoter Rising Sun Holdings at ₹452.51 per share, raising about ₹1,500 crore. here

Bandhan Bank, Cochin Shipyard, ONGC, Biocon, Indosolar, Lodha Developers, and SVP Global Textiles are a few stocks to watch before today’s trading session. here

CLSA has added UltraTech Cement to its high-conviction outperform list, which already features Avenue Supermarts, Dixon Technologies, ONGC, and NHPC. here

Aavas Financiers has secured shareholder approval to raise up to ₹8,500 crore ($1.02 billion) through non-convertible debentures on a private placement basis over the next year. At its AGM, the firm also cleared the appointment of five nominee directors for five years, revised CEO Sachinderpalsingh Jitendrasingh Bhinder’s remuneration, and named Chandrasekaran Associates as secretarial auditors for five years. here

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