Skip to main content

Stock Market News - BPCL Jumps, City Gas Distributors Rally

BPCL Jumps The Most In Over A Week Shares of Bharat Petroleum Corporation Ltd. rose as much as 8.8 percent, the most since Sept. 23, to Rs 511.55. A group of secretaries on Monday cleared strategic sales in BPCL, BEML, Container Corporation of India and Shipping Corporation of India, according to ET report.


Oil Check -- Oil prices were under pressure, wiping out all of their gains after attacks on Saudi Arabian oil facilities last month, on fading concerns of supply shortfalls and conflicts in the Middle East, Reuters reported.
-- At 7:59 am, Brent Crude Futures were at $59.71 per barrel

Sept Auto Sales Data | Bajaj Auto

-- Total sales down 20% YoY, at 4.02 lakh units

-- Domestic sales down 31% YoY

Company's total sales down 20% at 4.02 lakh units against 5.02 lakh units, while exports declined 2 percent at 1.86 lakh units against 1.90 lakh units, YoY.

Rupee Opens: The Indian rupee gained in the early trade on Tuesday. It has opened higher by 14 paise at 70.73 per dollar versus previous close 70.87 yesterday.

TOP GAINERS & LOSERS - 

CONCOR, SCI, Berger Paints, BPCL, Yes Bank, IOC, IndusInd Bank, Hero MotoCorp, Tata Motors, HDFC Bank and Bajaj Finance are among major gainers on the Indices, while losers are DRL, Cipla, Reliance Capital, Ashok Leyland, Vodafone Idea and DHFL. Among sectors, except IT and metal all indices are trading higher led by the bank, auto, infra, FMCG, pharma, and energy.

JMC Projects secures new orders: Shares of JMC Projects gained more than 4 percent on October 1 as the company secured orders worth Rs 560 crore.

City Gas Distributors Rally After Government Cuts Gas Price Shares of the city gas distributors rallied after India’s oil ministry has cut the price of locally-produced natural gas. This is the first reduction after four straight hikes since October last year. The price of gas produced from domestic fields has been cut to $3.23 per metric million British thermal units from $3.69 per mmBtu, the ministry’s Petroleum Planning & Analysis Cell said. The new price will be effective from Oct. 1 till March 2020.

HDIL Seeks Appointment With PMC Bank Administrator Housing Development and Infrastructure Ltd. said that it has sought an appointment with the PMC Bank administrator to “put forth the true and correct picture as also to discuss a strategy hereby the interest of all stakeholders and in particular PMC Bank and its depositors is protected,” the real estate firm said in a statement on the exchanges.



Sensex | Market News | Bank Nifty | Gold \ Rupee | Crude




Labels:

Comments

Post a Comment

Popular posts from this blog

Stock Market News - Trade war worries kept base metal prices under pressure in 2019

The trade deal developments and its impact on the global economy remain the trendsetter of commodity prices in 2020. A successful deal will boost global economic activity and improve the demand for base metals. In the past year, trade uncertainty hit global economic sentiments adversely as base metal prices in the domestic futures market settled with moderate gains. Commodities such as copper and lead ended with gains of 8 percent, while aluminium and zinc advanced 6 percent and 4 percent, respectively. Performance of nickel was exceptional with a whopping gain of more than 40 percent. At the same time, price-performance at its key overseas markets was rather steady. Trade war worries that fanned fears of recession roiled the global manufacturing sector last year, particularly China. This because Chinese industries are the key consumers of all base metals. Economic growth in the country tumbled to multi-year lows due to the 17-month trade dispute between the United Sta...
1 comment
Read more

Stock Market News - Yes, Bank top gainer, Ratnamani Metals Gains

Titan Company shares climb 2%: Shares of Titan Company climbed over 2 percent on BSE ahead of analyst and institutional investor meeting on December 20. Rupee Update: The Indian rupee recovered from the lows but trading marginally lower at 71.06 per dollar. NEWS ALERT |  1. Hold it against PSBs that they haven't passed the benefits of rate cuts to customers: FM -- Made sure stressed MSMEs are not declared NPAs: FM 2.  PSBs must move more liquidity out in the system: FM -- Together with banks and RBI, we looked at where liquidity was stuck: FM 3. Anish Shah appointed CFO of Mahindra & Mahindra till April 2021: BSE Filing -- Shah will become MD & CEO of co for 3 years w.e.f April 2, 2021. -- VS Parthasarathy will step down as CFO on April 1, 2020 -- Board approves transition of Anand Mahindra's role to Non-executive Chairman.  -- Pawan Goenka re-designated MD & CEO up to November 11, 2020 TOP GAINERS & LOSERS...
4 comments
Read more

Stock Market News - Yellow metal hits fresh record high as Iran attacks US forces

On the MCX, gold contracts for February were trading higher by Rs 562, or 1.38 percent, at Rs 41,225 per 10 gram at 0920 hours. It hit a record high of 42,278 per 10 gm. India Gold February futures hit a fresh record high on January 8 tracking gains in international spot prices which surged past $1,600 an ounce mark after Iran fired rockets at Iraqi airbase which hosts US forces that triggered risk-off sentiment. Spot prices hit their highest since March 2013 at $1,610.90 earlier in the session. US gold futures rose 2 percent to $1,605.80. “The jump in the price of what’s viewed by investors as a safer asset in times of political and economic uncertainty came after Iran’s missile attack on US-led forces in Iraq early on Wednesday,” said a Reuters report. “The attack came hours after the funeral of an Iranian commander whose killing in a US drone strike has raised fears of a wider conflict in the Middle-East,” it said. On the MCX, gold contracts for February were trading...
4 comments
Read more