Stock Market Highlights: Nifty, Sensex Extend Rally For Second Consecutive Week Even After Ending Friday With Losses
On Friday, both indices snapped a five-day winning streak, with Nifty falling 0.64% to 24,013.10 and Sensex down 0.78% to 76,802.90.
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Nifty 50 and Sensex rose about 1.8% this week, extending gains for a second straight week. The rally was supported by easing crude prices after a US-Iran agreement. On Friday, both indices snapped a five-day winning streak, with Nifty falling 0.64% to 24,013.10 and Sensex down 0.78% to 76,802.90.
Meanwhile, oil is headed for its second straight weekly losses. Brent crude fell towards $79 a barrel and was down more than 9% for the week. West Texas Intermediate for August traded near $75. Prices declined as the US-Iran interim peace deal helped shipping through the Strait of Hormuz begin returning to normal. Ships carrying stranded oil started moving out of the waterway on Thursday, while Kuwait said it will begin increasing production.
Elsewhere, European markets trade mixed. Germany's DAX rose 0.55% while the FTSE 100 gained 0.09%. Italy's FTSE MIB advanced 0.81% and STOXX600 edged 0.19% higher. France's CAC added 0.34%, while Spain's IBEX 35 remained largely unchanged.
In Asia, Japan's Nikkei 225 rose 0.28%, while Australia's ASX 200 advanced 0.92% South Korea's Kospi declined 0.13% at close. Hong Kong, Shanghai and Taiwan markets were closed due to a holiday
Stock Market Highlights: Nifty, Sensex Fall At Close After Recent Gains
- Nifty 50 declined 0.64% to close at 24,013.10, down 154.90 points
- Sensex fell 0.78% to 76,802.90, losing 607.08 points
- Both indices ended lower after a recent run-up in the previous sessions
Stock Market Highlights: Benchmarks, Broader Markets Extend Gains In Weekly Trade
- Nifty 50 rose over 1.6% this week, extending gains for a second consecutive week, with Trent and Eternal among top gainers
- Broader markets outperformed, with Nifty Midcap 150 up over 3.2% and Nifty Smallcap 250 rising nearly 4%, hitting its highest level since July 2025
- All sectors ended higher except IT; Nifty Defence led gains, while IT declined for the third straight week
Stock Market Wrap: Nifty, Sensex Gain 1.8% Weekly; Rally Pauses On Friday
- Nifty 50 and Sensex rose 1.8% this week, extending gains for a second straight week
- Both indices snapped a five-day winning streak on Friday
- Gains were supported by easing crude prices following a US-Iran agreement
Stock Market Live: Indices Recover From Day’s Low Led By IT, FMCG
- Nifty 50 rebounded over 125 points from the day’s low, while Bank Nifty recovered nearly 250 points
- Nifty IT index climbed over 800 points from intraday lows, with FMCG also recovering around 400 points
- Midcap and smallcap indices rose nearly 1% from lows, with Nifty Smallcap 250 hitting its highest level since July 2025
Stock Market Live: Infosys, TCS Lead Decline In IT Stocks; OFSS Gains
- Infosys fell 6.45%, the biggest decline among IT stocks, followed by TCS down 3.26%
- Mphasis, Tech Mahindra and HCLTech also declined between 2% and 3%
- Oracle Financial Services bucked the trend, rising 2.87%
Stock Market Live: Reliance Retail To Expand Manufacturing, Export Platforms
- Reliance Retail plans to add two new platforms focused on manufacturing and exports, said Reliance Industries at its AGM
- The retail arm will manufacture products including beverages, daily essentials and fresh food
Stock Market Live: Govt Sells 5% Stake In GIC; Holding Falls To 77.4%
- The government has sold a 5% stake in General Insurance Corporation, as per an exchange filing
- The stake sale has reduced the government’s shareholding to 77.4%
Stock Market Live: Hindustan Zinc Appoints Amarendu Prakash As CEO-Designate
- Hindustan Zinc has appointed Amarendu Prakash as CEO-designate
- The development was disclosed through an exchange filing
Stock Market Live: Axis Bank To Announce Q1 Results On July 18
- Axis Bank is scheduled to report its June quarter earnings on July 18
Stock Market Live: Iran Postpones US Talks Citing Israeli Strikes: FT
- Iran has postponed planned talks with the US following Israeli strikes in Lebanon, according to the Financial Times
- The delay comes amid rising tensions in West Asia after recent military action
Stock Market Live: Jio Platforms Board Approves DRHP Filing For IPO
- Jio Platforms board has approved filing of the draft prospectus for its proposed IPO, as per an exchange filing
- The issue will include a fresh offer of up to 27 crore equity shares of face value Rs 10 each
- The IPO will be subject to regulatory approvals and pricing will be determined through book building
Stock Market Live: Jio Platforms Plans IPO With Fresh Issue Of Shares
Reliance Industries’ unit Jio Platforms plans an IPO with a fresh issue of up to 27 crore shares. The development was disclosed through an exchange filing
Stock Market Live: Reliance Trades Volatile As AGM Begins
- Reliance Industries traded in a narrow range, hitting a high of 1338.20 and a low of 1322.10
- The stock was last seen around 1323.60, down 0.34% from the previous close
- Intraday moves showed volatility as trading session progressed during the AGM
Stock Market Live: Ambani Calls For AI Self-Reliance, Domestic Tech Focus
- Reliance Industries Chairman Mukesh Ambani said AI self-sufficiency should be a national priority
- He stressed the need for India to be self-reliant in critical technologies and key minerals
Stock Market Live: Japan, Australia Rise While Korea Slips; Some Asian Markets Shut
- Japan’s Nikkei 225 rose 0.28%, while Australia’s ASX 200 advanced 0.92%
- South Korea’s Kospi declined 0.13% at close
- Hong Kong, Shanghai and Taiwan markets were closed due to a holiday
Stock Market Live: European Markets Trade Mixed; DAX, FTSE Rise
- Germany’s DAX rose 0.55% while the FTSE 100 gained 0.09%
- Italy’s FTSE MIB advanced 0.81% and STOXX600 edged 0.19% higher
- France’s CAC added 0.34%, while Spain’s IBEX 35 remained largely unchanged
Stock Market Live: GE Power India Appoints Rahul Rojal As CFO
GE Power India has appointed Rahul Rojal as Chief Financial Officer. The development was disclosed through an exchange filing
Stock Market Live: Accenture Results Signal Softer Demand Outlook For Indian IT
Accenture's latest quarterly update points to a cautious demand environment for Indian IT companies, with signs that discretionary spending remains under pressure.
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The company's guidance cut suggests clients continue to delay spending decisions, signalling a softer near-term demand outlook.
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Consulting demand remained subdued, indicating that discretionary technology spending has yet to recover meaningfully.
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The communications, media and technology segment grew 9% for the second consecutive quarter, a positive read-across for Tech Mahindra, which derives around one-third of its revenue from the vertical.
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Asia-Pacific outperformed with 8% growth, compared with 4% growth in EMEA, highlighting stronger momentum in the region.
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Accenture's $4.2 billion push into cybersecurity reinforces the segment's position as a key growth area for the broader IT services industry.
Stock Market Live: Share.Market Says Nifty IT Breakdown Signals Continued Weakness
Nishchal Jain, Quant Researcher at Share.Market by PhonePe, said the sharp decline in the Nifty IT index marks a significant deterioration in the sector's technical setup.
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He said the index has broken below key support levels that had held over recent weeks.
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Jain noted that Nifty IT is now trading below its 50-day and 200-day daily moving averages, indicating continued near-term weakness.
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He added that while momentum indicators suggest the index has entered oversold territory, a sustained recovery would require the formation of a stronger base over time.
Stock Market Live: Share.Market Flags AI Monetisation Concerns Amid IT Sell-Off
Nishchal Jain, Quant Researcher at Share.Market by PhonePe, said the correction in IT stocks reflects broader concerns around technology spending and the pace of returns from artificial intelligence investments.
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He said global enterprises are delaying discretionary technology spending and high-margin consulting projects, while prioritising cost-optimisation and managed services.
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Jain highlighted what he described as an "AI disruption paradox", where long-term generative AI bookings remain healthy but near-term monetisation has been slower than expected.
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He added that investors are weighing the possibility that AI-driven efficiencies could gradually affect traditional headcount-based billing models used by IT services companies.
Stock Market Live: Oracle Financial Services Bucks IT Sell-Off, Infosys Remains Top Laggard
The sell-off in information technology stocks continued, with Oracle Financial Services emerging as the lone gainer among major listed peers.
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Oracle Financial Services rose 0.48%, standing out in an otherwise weak sector.
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Infosys remained the biggest loser, declining 7.61%, followed by TCS at 5.68% and Tech Mahindra at 4.71%.
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Persistent Systems, HCL Technologies, Sonata Software, Zensar Tech and Wipro also traded lower, reflecting broad-based weakness across the IT pack.
Stock Market Live: SEPC Expects 20–30% Revenue Growth; Order Book At Rs 6,000 Crore
- SEPC expects revenue growth of 20–30% this year, said the company’s MD
- Order book stands at around Rs 6,000 crore, with expectations of further improvements in execution
- The company sees order opportunities from SAIL, road infrastructure and oil and gas, while flagging commodity prices as a margin risk
Stock Market Live: HDFC Bank, IT Stocks Drag Nifty; ICICI Bank, Airtel Support
- HDFC Bank and Infosys were the top negative contributors, dragging the index by 72.71 and 67.89 points respectively
- TCS, HCLTech and Tech Mahindra also weighed on the index
- Gains were supported by ICICI Bank, Bharti Airtel, Bajaj Finance, NTPC and Larsen & Toubro
Stock Market Live: Equirus Flags Higher M&A Spend At Accenture
Equirus said Accenture's acquisition plans indicate a broader strategy shift.
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Accenture raised its M&A budget to $9 billion from $5 billion indicated previously.
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The brokerage said the company appears open to acquiring higher-growth assets.
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It added that execution and integration will remain key factors to watch.
Stock Market Live: KIMS To Use Majority Of QIP Proceeds For Debt Repayment
- KIMS plans to use around 75% of its Rs 1,500 crore QIP proceeds to repay debt, with the rest allocated for corporate purposes
- The company has outlined capex plans of about Rs 1,000 crore and is focusing on improving operational efficiency
- It is expanding into medical tourism and overseas operations, while seeing higher occupancy from new bed additions
Stock Market Live: Pilots’ Body Challenges Official Air India Crash Findings
- Federation of Indian Pilots said simulator tests show the official timeline of engine shutdown does not match manual fuel cutoff behaviour
- The body attributed the crash to a major electrical failure, citing faster turbine shutdown and reported cabin light issues
- It has submitted findings to authorities and sought review of the investigation and reinstatement of an aviation expert into the probe
Stock Market Live: DCM Shriram To Invest Rs 18 Crore In Renewable Power
- DCM Shriram plans to invest Rs 18 crore to secure additional renewable power supply
- The investment is aimed at sourcing cleaner energy, as per an exchange filing
Stock Market Live: Hindalco Commissions Aluminium Components Unit In Pune
- Hindalco Industries has commissioned a manufacturing facility for aluminium bicycle components in Pune
- The unit will produce aluminium components, as per an exchange filing
Stock Market Live: Morgan Stanley Says Accenture Flags Prolonged Demand Uncertainty For Indian IT
Morgan Stanley said Accenture's latest commentary suggests the challenging macro environment could extend into the second quarter, raising risks for Indian IT companies.
- The brokerage said Accenture's implied fourth-quarter growth outlook came in below its estimates.
- It highlighted delayed client decision-making and the impact of the Middle East conflict as key factors affecting demand.
- Morgan Stanley said the uncertainty could spill over into Q2, posing risks to FY27 guidance issued by Indian IT companies, with the impact likely to vary across players.
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Stock Market Live: Global, Domestic Investors Buy 3% In Anthem Biosciences: PTI
- A group of global and domestic investors acquired a 3.05% stake in Anthem Biosciences for about Rs 1,275 crore, PTI reported
- Investors included Societe Generale, Prudential Hong Kong, mutual funds and insurance firms
- Promoter Aruna Ganesh sold the shares, reducing promoter holding to 71.63%
Stock Market Live: Nuvama Flags Weak Reaction To Accenture Results
- Nuvama said Accenture reported mixed Q3 results with revenue broadly in line with estimates
- The brokerage noted a sharp market reaction despite limited deviation from expectations
- It highlighted slowdown in bookings, with outsourcing orders declining year-on-year
Stock Market Live: Pilots’ Body To Present Evidence On Air India Crash
- The Federation of Indian Pilots will hold a press conference shortly, PTI reported
- The body plans to present technical evidence related to the Air India 171 crash
- It said the findings challenge theories of pilot error and alleged suicide
Stock Market Live: Tata Power Gets Rs 521 Crore LoI From REC Arm For SPV Acquisition
- Tata Power has received a letter of intent worth Rs 521 crore from REC’s arm, as per an exchange filing
- The LoI is for acquisition of a special purpose vehicle, Ryapte Power
Stock Market Live: Infosys Hits Lowest Level Since December 2020
- Infosys shares fell to their lowest level since December 2020 in intraday trade.
- The stock is now down over 45% from its all-time high.
Stock Market Live: Nifty IT Falls 6%, Hits Lowest Level Since April 2023
- Nifty IT fell 6% in intraday trade, hitting its lowest level since April 2023.
- All Nifty IT constituents were down over 5%, except Wipro and OFSS.
- Infosys led the decline, falling nearly 8%, while TCS dropped nearly 6% and hit its lowest level since September 2020.
Stock Market Live: SPML Infra Sees BESS As Future Growth Driver
- SPML Infra Managing Director Abhinandan Sethi told NDTV Profit that the company is expanding in battery energy storage systems and sees the segment as a future growth driver.
- He said the company expects to deliver 1 GW of BESS orders in FY27, with its plant expected to be ready for production by July.
- Sethi said SPML Infra expects Rs 2,000–3,000 crore order inflows this year and 25% revenue growth in FY27.
Stock Market Live: Raymond James’ Matt Orton Says Indian Financials Offer Value
- Matt Orton of Raymond James Investment told NDTV Profit that energy prices may remain elevated.
- He said the post-results fall in Accenture was overdone, but added that he remains sceptical about Indian IT services companies.
- Orton said Korea and Taiwan look attractive as AI plays, though volatile, and sees value in Indian financial stocks.
Stock Market Live: IOC, BPCL, HPCL Shares Fall In Early Trade
- Indian Oil Corp. fell 1.20%, while Bharat Petroleum Corp. declined 1.17%.
- Hindustan Petroleum Corp. slipped 0.90%.
Stock Market Live: Prestige Estates, Brigade Lead Realty Stock Losses
- Prestige Estates Projects fell 2.70%, while Brigade Enterprises declined 1.95%.
- Anant Raj slipped 1.42%, Macrotech Developers fell 1.33% and Godrej Properties was down 1.25%.
- Phoenix Mills was the only stock in the list to gain, rising 1.15%.
Stock Market Live: Nifty Bank Falls As HDFC Bank Drags
- Nifty Bank traded 0.58% lower at 57,625.20 after moving between 57,620.15 and 57,804.90 in early trade.
- HDFC Bank fell 2.15%, leading losses among banking stocks. IndusInd Bank declined 0.59%, Kotak Mahindra Bank slipped 0.56%, State Bank of India fell 0.52% and Punjab National Bank was down 0.47%.
- IDFC First Bank rose 0.20%, while Federal Bank gained 0.16%.
Stock Market Live: Infosys, HDFC Bank Drag Nifty Lower In Early Trade
- Infosys was the biggest drag on the Nifty 50, pulling the index down by 69.54 points.
- HDFC Bank dragged the index by 48.06 points, followed by TCS at 30.05 points, HCLTech at 14.21 points and Tech Mahindra at 12.09 points.
- Reliance Industries, Bharti Airtel, NTPC, Sun Pharma and Adani Enterprises were among the positive contributors.
Stock Market Live: Nifty IT Leads Sectoral Losses; Pharma, Media Gain
- Nifty IT fell 5.83%, leading losses among sectoral indices.
- Nifty Realty declined 0.84%, followed by Nifty Bank at 0.53%, Nifty Financial Services at 0.52% and Nifty Metal at 0.49%.
- Nifty Pharma rose 0.36%, while Nifty Media gained 0.32%, Nifty Energy advanced 0.24% and Nifty Defence added 0.17%.
Stock Market Live: Infosys, Tech Mahindra Lead IT Stock Losses
- Infosys fell 7.54%, while Tech Mahindra declined 6.16%.
- Tata Consultancy Services dropped 5.96%, Mphasis slipped 5.40% and HCL Technologies was down 5.25%.
Stock Market Live: Nifty Slips Below 24,000, Sensex Falls 800 Points
- Nifty fell as much as 0.9% to 23,947.25, while Sensex declined as much as 1%, or 770 points, to 76,639.
- The benchmarks halted a five-day gaining streak in early trade.
Stock Market Live: Rupee Rises 2 Paise Against US Dollar At Open
The Indian rupee strengthened as much as 2 paise to 94.31 against the US dollar at the open.
Stock Market Live: Nifty, Sensex Fall In Pre-Market Trade
- Nifty 50 fell 176.80 points, or 0.73%, to 23,991.20 in pre-market trade.
- Sensex declined 544.11 points, or 0.70%, to 76,865.87.
Stock Market Live: Brokerages See Accenture Read-Through Weighing On Indian IT
- Morgan Stanley said Accenture’s Q3 read-through suggests a tough macro environment could continue into the second quarter, with delayed decision-making and Middle East tensions adding to uncertainty.
- Jefferies said Accenture’s revised revenue guidance points to further moderation in growth and could lead to consensus estimate cuts for Indian IT companies.
- Kotak Securities said Accenture’s results offered no positive cues for Indian IT, citing growth headwinds from GenAI-led deflation risk, Middle East tensions and weaker discretionary spending.
Stock Market Live: Lenskart, Groww, Tata Capital May See FTSE-Related Inflows
- FTSE-related adjustments may lead to inflows of $89 million in Lenskart, $84 million in Groww, $76 million in Tata Capital and $68 million in ICICI Pru AMC, according to Nuvama Alternative.
- Adani Ports may see outflows of $40 million, followed by Bajaj Finance at $35 million and Maruti at $26 million.
- Sensex-related adjustments may lead to inflows of $95 million in Bharti Airtel, while Maruti and HDFC Bank may see outflows of $14 million and $12 million, respectively.
Stock Market Live: Citi Maintains Buy On Jubilant FoodWorks With Rs 650 Target
- Citi maintained a Buy rating on Jubilant FoodWorks with a target price of Rs 650.
- The brokerage expects Domino’s India like-for-like growth to remain in the 5–7% range over the medium term. It said cost inflation could be partly offset through pricing and product mix.
- Citi also said management remains confident of 200 basis points standalone margin expansion, while Popeyes continues to show improving unit economics.
Stock Market Live: Brokerages Split On Havells India After Demand Update
- Citi maintained Buy on Havells India with a target price of Rs 1,500. The brokerage said room air-conditioner demand has been mixed over the past two to three months, while cables and wires growth remains strong.
- BofA reiterated Underperform, citing mixed demand trends across regions. It said another round of AC price hikes is expected, with revenue growth likely to be led by pricing while margins may face pressure.
Stock Market Live: Brokerages Stay Mixed On Nykaa After Analyst Meet
- JPMorgan maintained Neutral on Nykaa with a target price of Rs 270, while Morgan Stanley maintained Overweight and raised its target price to Rs 321 from Rs 286.
- Jefferies maintained Buy with a target price of Rs 350, citing Nykaa’s beauty, wellness, fashion and own-brand growth plans.
- Macquarie maintained Underperform with a target price of Rs 210, citing concerns over the pace of growth needed in parts of the beauty business and offline expansion.
Stock Market Live: Centre Plans Rs 13,000 Crore OFS In Three PSU Banks, Mint Reports
- The Centre plans to raise about Rs 13,000 crore through an 8–10% offer for sale in Punjab & Sind Bank, UCO Bank and Indian Overseas Bank, Mint reported, citing people aware of the matter.
- The stake sale is aimed at meeting SEBI’s minimum public shareholding norms, according to the report.
Stock Market Live: US Central Command Says Maritime Blockade Around Iran Has Ended
- US Central Command said US forces have lifted the blockade on all maritime traffic entering and exiting Iranian ports and coastal areas.
- It said American forces are not impeding vessel transit to or from Iranian ports, and all blockade enforcement efforts have ceased.
- US naval ships will remain in the area to ensure the agreement is followed, according to the statement on X.
Stock Market Live: Iran Says Hormuz Permits To Be Issued With No Fees For 60 Days
- Iran’s Supreme National Security Council said the Persian Gulf Strait Authority has been instructed to issue permits quickly for commercial ships transiting the Strait of Hormuz under the new memorandum.
- The council said no fees will be charged for 60 days.
Stock Market Live: US Vice President Says Iran Benefits Depend On Compliance
- US Vice President JD Vance said Iran would not receive benefits under the peace plan unless it fully complies and changes its behaviour.
- He said no funds would come from the US under any circumstances, and argued that the agreement gives Washington a favourable outcome whether or not Iran complies.
Stock Market Live: FTC Seeks Aurobindo Pharma Divestments For Lannett Deal
- The US Federal Trade Commission has asked Aurobindo Pharma to divest four generic drug products to complete its $250 million acquisition of Lannett.
- The products include drugs used for organ transplant rejection, cholesterol management, dry mouth in radiation therapy patients and stomach acid reduction.
- The divestments will be made to Quagen Pharmaceuticals.
Stock Market Live: Trump Says US Expects Ceasefire Across Middle East Fronts
- US President Donald Trump said the US remains committed to peace and expects a complete ceasefire across fronts including Lebanon, Hezbollah and Israel.
- He said negotiations should be allowed to continue, adding that markets were responding to lower oil prices and higher stocks.
Stock Market Live: Nifty Futures Trade At Premium; Kaynes In F&O Ban
- Nifty June futures rose 0.48% to 24,209, trading at a premium of 41 points.
- In Nifty options expiring June 23, maximum Call open interest was at 24,500, while maximum Put open interest stood at 24,000.
- Kaynes is in the F&O ban period.
Stock Market Live: Grand Oak Canyons, Sasken Price Bands Revised To 5%
- Grand Oak Canyons Distillery and Sasken Technologies saw their price bands revised to 5% from 10%.
- Lloyds Engineering Works has been shortlisted under the long-term ASM framework.
- CarTrade Tech, Paras Defence and Space Technologies, Rashi Peripherals and V Marc India have been shortlisted under the short-term ASM framework, while Grand Oak Canyons Distillery and Rain Industries will be excluded from ASM.
Stock Market Live: Altius Telecom, MSP Steel, Ravindra Energy See Insider Trades
- BIF IV Jarvis India, promoter of Altius Telecom Infrastructure Trust, disposed of 13.75 crore shares.
- MSP Steel & Power promoter group entities M A Hire Purchase, Shree Vinay Finvest and Sampat Marketing Company acquired shares.
- Khandepar Investments, promoter of Ravindra Energy, pledged 76.10 lakh shares. MTAR Technologies promoter Kavitha Reddy Gangapatnam disposed of 20,000 shares.
Stock Market Live: ICICI Pru AMC, Oswal Pumps See Lock-In Share Expiry
- ICICI Pru AMC has 34.4 crore shares under a six-month lock-in, valued at $11,872 million, representing 70% of total outstanding shares.
- Oswal Pumps has 6.1 crore shares under a one-year lock-in, valued at $273 million, representing 54% of total outstanding shares.
Stock Market Live: Anthem Biosciences, P&G Hygiene, Shaily Engineering See Bulk Deals
- Aruna Ganesh sold 1.71 crore shares of Anthem Biosciences at Rs 744.80 apiece. SBI Mutual Fund, HDFC Mutual Fund, Kotak Mahindra Mutual Fund, UTI Mutual Fund, Bajaj Life Insurance, ICICI Prudential Life Insurance and other investors were among buyers.
- In Procter & Gamble Hygiene and Health Care, Procter & Gamble Home Products bought 6.19 lakh shares, while Temple Trees Impex and Investment sold the same number of shares at Rs 8,995.50 each.
- Vanita L Nagda sold shares in Shaily Engineering Plastics across two transactions, while bulk deals were also reported in Ravindra Energy, Restaurant Brands Asia, GNA Axles and Motisons Jewellers.
Stock Market Live: Asia-Pacific Markets Trade Mixed As Kospi, Nikkei Gain
- South Korea’s Kospi rose 2.82%, while Japan’s Nikkei 225 advanced 0.79%.
- Australia’s ASX 200 fell 0.89%. Markets in China, Hong Kong and Taiwan were closed for a holiday.
Stock Market Live: Oil Heads For Weekly Drop As Hormuz Shipping Resumes
- Brent crude fell towards $79 a barrel and was down more than 9% for the week. West Texas Intermediate for August traded near $75.
- Prices declined as the US-Iran interim peace deal helped shipping through the Strait of Hormuz begin returning to normal.
- Ships carrying stranded oil started moving out of the waterway on Thursday, while Kuwait said it will begin increasing production.
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