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Oil prices increased on Friday, yet were poised for a fourth consecutive weekly drop, driven by weaker global fuel demand as indicated by recent manufacturing data from the U.S., Europe, and Asia. Concerns about Chinese demand and potential supply disruptions in the Middle East further influenced the market outlook.

Operating profit at AMNS India – in which ArcelorMittal has a 60% equity interest – slipped by nearly three-fifth on year in the June quarter, weighed down by lower sales.

Indian benchmarks hit record highs on Thursday, driven by expectations of a U.S. interest rate cut. The Sensex rose 0.15% to 81,867, while the Nifty50 stayed above 25,000.

The dollar gained on Thursday as rising geopolitical tensions provided a safe haven boost to the currency, while the British pound fell after the Bank of England cut interest rates from a 16-year high.

Gold prices surged due to a weaker dollar and optimistic remarks from the US Federal Reserve, suggesting a potential interest rate cut in September. At 7:45 pm, October MCX gold futures reached Rs 70,350, a 1% increase, peaking at Rs 70,489 for the day.

​A long buildup happens when open interest and trading volumes rise with an increase in the stock price in the F&O segment, signaling a bullish trend.On Thursday, five stocks saw fresh long positions.

The company said leisure travel saw a 21% year-on-year growth in sales for financial year 2025, while its MIE business saw a 20% sales growth excluding one time contracts in quarter one of financial year 2024.

Sometimes shares are bought to close an existing short position.

ITC’s first quarter performance exceeded street expectations with regard to revenue. While the result was declared after the market hours, the ITC scrip closed at a fall of 0.26% at Rs 493.75 when the benchmark Sensex went up by 0.15%.