Stock Market News - OMCs down after Saudi drone attack, RIL shares down

Drone attacks on Saudi plant could hit global oil supplies - Global supplies of oil are likely to suffer a “major jolt” following Saturday’s attack by a swarm of explosive drones on the world’s biggest oil processing plant in Saudia Arabia.

Saudi Arabia’s oil fields and pipeline have been the target of rebel attacks over the past year, often using single drones, but analysts said this appeared to be the biggest and most successful to date.

Oil Marketers Decline On Soaring Crude Prices Shares of the oil marketing companies declined after Asia’s crude benchmark–Brent crude rose nearly 10 percent to $66.18 a barrel. It jumped 19.5 percent intraday. Shares of Bharat Petroleum Corporation and Hindustan Petroleum Corporation fell nearly 5 percent each, while shares of Indian Oil Corporation fell nearly 3 percent.

Rupee Opens: The Indian rupee slipped in the early trade on Monday. It has opened lower by 70 paise at 71.62 per dollar versus Friday's close 70.92.

TOP GAINERS & LOSERS -

BPCL, IOC, HPCL, Asian Paints, Yes Bank, RIL, UPL, Tata Motors, L&T, M&M, SBI, Equitas Holdings are among major losers on the indices, while gainers are Indiabulls Housing, HUDCO, BEL, ONGC and GAIL.

Among sectors, except FMCG and IT, other indices are trading in the red. Midcap and smallcap also trading lower.

Equitas Holdings tumbles 16%: the Share price of Equitas Holdings tumbled over 16 percent on September 16 aftermarket regulator returned the company's draft scheme.

Reliance Industries tank during Pre-open after the attack on Saudi Aramco unit - US FDA issues no observations to Glenmark's Indore unit inspected last week: sources to CNBC TV18

CATCH ALL THE MARKET UPDATES -

YES Bank dips over 2%
Bharat Petroleum slips 4%
Prabhat Dairy down over 6%
SBI trades with over 1% cut
Colgate Palmolive gains over 3%
TCS trades higher on weaker rupee
Astral Poly Technik rallies over 11%
Asian Paints trades with over 2% cuts
Glenmark Pharma trades mildly lower
InterGlobe Aviation dips 3% as oil prices rise
SpiceJet hits fresh 52-week low; dips over 4%
Hindustan Petroleum Corp trades over 5% lower

Equitas Holdings Drops The Most In Nearly 11 Months Shares of Equitas Holdings fell as much as 17.8 percent, the most since Oct. 26, to Rs 96.25. SEBI has returned the draft scheme for a listing of Equitas Small Finance Bank and advised the company to resubmit the same after ensuring compliance with norms. The company said that the bank will initiate necessary steps to lists its share through IPO which is expected to be completed by March 2020.

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Stock Market Update - Avanti Feeds Gains, Tata Group Stocks Trade Mixed

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