Skip to main content

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.


SENSEX | MARKET NEWS | CRUDE OIL | OPENING BELL | RUPEE | BANK NIFTY





Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Budget 2020 | Removal of exemptions in new tex regime to impact life insurers, MFs

A salaried professional opting for a lower rate of tax under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. Removal of tax exemptions under Section 80C in the new tax regime could be a dampener for life insurance products as well as equity-linked savings schemes (ELSS) of mutual funds. In her Budget speech on February 1, Finance Minister Nirmala Sitharaman said a salaried professional opting for a lower tax rate under the new regime will not be eligible for deductions, including insurance premium paid and ELSS investments. “The removal of 80C benefit may pose a risk to new business volumes of life insurance companies,” said Kotak Institutional Equities in a report. Life insurance Tax exemptions are an important incentive for purchase of life insurance. To be eligible for exemption under Section 80C, the sum assured has to be 10 times the annual premium. This is part of the Rs 1.5 lakh limit under ...
13 comments
Read more

Stock Market News - FDC share price at 52-week high on GMP certificate from UK health regulator

The certificate came after a recent inspection of the company's facilities in Goa. FDC  share price touched a 52-week high of Rs 222, rising more than 5 percent in the morning trade on January 3 after the company received the good manufacturing practice (GMP) certificate from the UK's health regulator. The UK's Medicines and Healthcare Products Regulatory Agency also continued with its approved status for the company's two facilities in Verna, Goa. The GMP certificate was issued after a recent inspection of the two plants. At 1018 hours, FDC was quoting at Rs 218.00, up Rs 7.30, or 3.46 percent. The share price has risen 30 percent in the last three months. GNFC share price down 2% after DoT seeks Rs 15K cr in telecom dues DoT sent the company a demand notice for Rs 15,019 crore, taking to Rs 3.13 lakh crore the amount it has sought from non-telecom companies following a Supreme Court ruling. The share price of  Gujarat Narmada Valley Fertili...
3 comments
Read more

Budget 2019 : LTCG Tax, GST, Home Loans, farmer income scheme needs to be focus

Budget 2018 was the last full-fledged budget presented by the government led by Narendra Modi. Long Term Capital Gains (LTCG) tax on profit earned from the sale of equity shares listed on a recognized stock exchange in India. The LTCG tax was re-introduced after a time gap of 14 years. The provisions were closely followed since they impacted the majority of taxpayers of the country. The tax was levied at the rate of 10 per cent (plus applicable surcharge and cess) while providing relief from gains accrued up to January 31, 2018, i.e., a mechanism was derived wherein the stock price as on 31 January 2018 was considered as the deemed cost, provided it is beneficial to the taxpayer. Following are some of the illustrative points: Treatment of compulsorily convertible instruments – The current provisions do not provide clarity on the cost to be adopted for the purpose of computation of capital gains in case of instruments that are compulsorily converted into equity sh...
1 comment
Read more