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Oil prices edged lower on Thursday as concerns over plentiful supply eased and investors watched developments around U.S. debt ceiling negotiations. However, U.S. oil inventories rose unexpectedly last week, weighing on prices.

Gold prices were flat in early Asian trade on Thursday as markets focused on the U.S. debt-limit negotiations. A firmer dollar capped gains after traders dialed back expectations of a rate cut this year by the Federal Reserve. Fundamentals include: spot gold steadied at $1,982.85 per ounce by 0046 GMT, while U.S. gold futures were also listless at $1,985.30. The dollar index held firm after hitting a seven

The U.S. dollar held near a seven-week peak on Thursday, after President Joe Biden and top U.S. congressional Republican Kevin McCarthy worked towards avoiding a damaging debt default. Meanwhile, the Aussie dollar slipped after disappointing jobs data. Yields rose when bond prices fell, helping lift the U.S. dollar. Against a basket of currencies, the dollar index firmed near its seven-week peak hit in the previous session.

The reason why it features in terms in our value bucket is obviously we are expecting that at some point of time over the next 12-18 months Axis will buy that incremental share in Max Insurance.

The US & Europe which is 42% of the Global GDP and if they would go through a recession in this year as projected by most of analysts, then somewhere the growth across the globe will take a back seat.

There are cycles in the market between so-called value and growth and quality. I think as you really see inflation coming off, the interest rate cycle coming to a pause, if not on the cutting side, I think that leads to a significant amount of momentum on the growth side of the macro economy and at the same time growth side of the market.

M M Forgings posted multifold growth in net profit at Rs 30 crore for the quarter ended March. Revenue for the quarter stood at Rs 387 crore.

The life insurance industry reported a 30% decline in premium income in April on a year-on-year basis, mainly due to the decrease in premium income by the state-owned Life Insurance Corporation of India (LIC). The private sector life insurance industry, on the other hand, reported an 8.55% increase in total new premium income.

The share of food and beverage (F&B) revenue in the total revenue generated by key multiplexes has been increasing amid falling footfalls and rising prices of such items. However, they may not be able to raise prices further if the footfalls fail to show an uptick. This is largely because of lower footfalls and advertising revenue. Between FY20 and FY23, the number of admissions and advertising revenue in PVR fell by 16.6% and 31% respectively.

LIC Housing Finance (LIC HF) plans to expand its branches in new geographies, increase focus on high-yielding loan against property (LAP) and intensify recovery efforts as it consolidates its position as the largest housing finance company after the merger of larger rival Housing Development Finance Corp with its banking arm. LIC HF CEO Y Viswanatha Gowd said the company expects to improve its net interest margin (NIM) and increase loan disbursements this fiscal.