Sun Pharma was by far the biggest gainer in the Sensex pack, surging 8.13 per cent, followed by Dr Reddy's at 4.92 per cent.
'By holding forth on Swadeshi economics, Bhagwat is showing his intent to fight back,' says Shekhar Gupta.
The private companies announced projects worth Rs 11.33 lakh crore (Rs 11.33 trillion) during 2014-16.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
Oil companies choose to skip the revision this time.
'I have no problems with the finance ministry or with state governments treating petrol pump prices as the last resort for meeting their ambitious spending targets with very limited revenue resources.' 'But let's do away with this smokescreen of free pricing of petrol and diesel and go back to administered pricing regime,' says Dr Sudhir Bisht.
High interest costs and a weak rupee may raise overall debt, even as refinancing may not be an issue.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
The rupee had revisited the near 2-month low of 60.55 per dollar earlier in the session.
The Public Enterprises Selection Board, which is the government head-hunter, interviewed seven candidates for the post, which fell vacant after Dinesh K Sarraf was elevated as Chairman and Managing Director of ONGC.
The shift comes as the gap between the international benchmark Brent and the Middle East price marker narrows
The loss, which is made good through government subsidy, has declined since March as the rupee strengthened against the dollar and global oil prices softened.
The new prices will be effective from Friday midnight.
Cairn India is 25th on the list with 22.2 per cent CGR.
RIL might see its September quarter's profit between Rs 5,600 crore and Rs 5,670 crore.
Interest rate sensitive stocks gain ground post decision
'The mismatch between valuations and fundamentals is startling,' warns Devangshu Datta
Investors continue to make losses on investments.
RBI's steps will prevent rupee from slipping, even if OMCs meet entire $ demand from market
The market breadth in BSE remains healthy with 1,829 shares advancing and 721 shares declining
Global crude oil prices have slumped by 49 per cent during the same period
Petrol gets expensive but diesel is cheaper by Rs 1.35/ per litre.
'There exists a 'brotherhood' of sorts for a very long time and corrupt dealers and corrupt OMC officials are in it together,' Ashwani Attrish, founder, Empowering Petroleum Dealers Foundation, tells Sudhir Bisht, a veteran of the petroleum industry.
Reliance Industries has regained the top slot among Indian energy companies on the Platts global list
As fuel prices surged in September, the government's decision to ask companies to cut price by Rs1 each on a litre of petrol and diesel came as a dampner for private players.
Infosys was the top Sensex loser along with other index heavyweights ITC and HDFC.
One of the reasons is that the retail prices are not bench-marked to crude but their respective international benchmark prices.
'He keeps reminding me he is senior. There is no debate in this. I have never shown any disrespect to you since you are a senior,' the PM said.
Fuel retailers sell diesel, domestic LPG and kerosene at government controlled rates which are below market price. The loss they thus incur is made good through cash subsidy from the government and dole from upstream firms like Oil and Natural Gas Corporation.
The Indian basket represents the price of Oman and Dubai sour grade crude.
Oil companies on Wednesday slashed petrol and diesel prices by Rs 2, with effect from midnight tonight.
Ricoh India, the largest gainer among these pack, has rallied 192 per cent from Rs 294 to Rs 859 on the BSE so far in the current calendar year.
The move is expected to bolster India's energy security.
Rising oil prices and diminishing cash pile to limit capacity in 2018-19
It may be the season for corporate matchmaking but India Inc's record of managing partnerships is far from impressive, says Shailesh Dobhal.
Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, India's biggest oil and gas producer ONGC may buy all of the government's 51.11 per cent stake in Hindustan Petroleum Corporation Ltd.
The S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
.jpg)
State oil refiners, who are the biggest buyers of US dollars, agreed to implement the RBI order with immediate effect, sources with direct knowledge of the development said.
With rupee falling to new lows, losses on diesel and cooking fuel have widened to their highest levels this year, upsetting the government's subsidy maths.
All of these companies are present in India.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances