Castrol India shares: Saudi Aramco is considering a potential bid for BP s Castrol lubricants business, according to a Bloomberg News report on Wednesday, citing sources familiar with the matter.

The consumption trend in India has weakened after almost three to four years of fairly strong consumption boost. So, we are positive long term, but slightly cautious in the near term, especially on the consumer, on the organised retail side.

Sunil D Souza, MD & CEO of Tata Consumer, outlines the company s transformation from a commodity-based to a branded company. Emphasizing consumer-centric strategies, Tata Consumer focuses on digital and e-commerce channels. With new businesses boasting higher growth and margins, the company aims for double-digit growth and increasing EBITDA, positioning itself for significant financial and operational advancements.

Bitcoin s market capitalization increased to $1.928 trillion, with a dominance of 60.71%. Its 24-hour trading volume dropped by 14.7% to $50.96 billion. Stablecoins made up 94.15% of the total crypto trading volume, totaling $110.66 billion, according to CoinMarketCap.

Goldman Sachs downgraded BSE Ltd.’s target to Rs 4,230, citing risks from NSE’s shift in options expiry days. The change may impact BSE’s market share and revenue growth. BSE has gained in options trading but faces challenges ahead. Shares traded 1% higher at Rs 4,341.

OMC stocks have surged up to 16% in four sessions as crude oil prices hit a three-year low. However, risks remain due to higher US crude imports, LPG under-recoveries, a weak rupee, and potential inventory losses. Analysts caution that despite improved margins, structural challenges persist.

Indian stock markets are showing signs of recovery driven by a weakening US dollar and falling crude oil prices. The Sensex has gained around 1,000 points in two days, with broader markets rallying sharply on improved macroeconomic conditions, suggesting a potential reversal in FII outflows.

Zerodha CEO Nithin Kamath, named EY Entrepreneur of the Year 2024, wittily hinted at market peaks aligning with industry accolades. His remarks come amid market volatility, with Sensex rebounding sharply. While Kamath’s recognition highlights his impact on brokerage, concerns persist over global economic headwinds.

Arnab Das, Global Macro Strategist at Invesco EMEA, suggests that India could benefit from lowering tariffs in response to US pressures. This could make India s economy more open and competitive. Das emphasizes the broader context of Trump s aggressive trade policies and the potential for bilateral negotiations between India and the US.