Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
Had you invested Rs 5,000 every month in SBI Magnum Multicap Fund through systematic investment plan (SIP) for the last 5 years, the value of your investment would be over Rs 5.2 lakh as on August 22, 2016
The NSE 50-share Nifty spurted 97.25 points, or 0.92 per cent, to 10,715.50
Ajit Mishra, vice president, Research, Religare Broking, answers your queries:
The BSE gauge Sensex fell 73.88 points to 35,548.26 and the NSE Nifty slid 17.85 points to 10,799.85, taking cues from tumbling global shares.
'Oil companies like IOC, BPCL and HPCL have to set up world class systems where they are always two steps ahead of the crooks,' says Sudhir Bisht, a veteran of the petroleum industry.
Costlier oil due to rising conflict in Iraq threatens to hurt the India economy that is already battling price rise and slowing growth.
Private lenders were among the top losers along with RIL.
After steep correction in valuations, these have turned attractive but upside will depend on diesel price rises and export-parity pricing.
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.
The sharp fall in oil price is positive for oil marketers as subsidy concerns reduce further.
Stock specific action is seen with some of the prominent companies posting their quarterly numbers.
ICICI's Chanda Kochhar, ranked highest among Indian women, has been ranked second across the region
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
Financial shares were among the top gainers with HDFC leading the gains.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
The 50-share NSE Nifty slipped below the 8,200-mark to touch a low of 8,154.45, but settled at 8,170.80, down 90.95 points, or 1.10 per cent
The Oil Industry Safety Directorate, under the Petroleum Ministry, carries out safety audits of oil and gas installations, besides formulating and standardising procedures and guidelines for design, operation and maintenance.
The rupee weakened to 62.58 against the US dollar in the early trade on Thursday.
The S&P BSE Sensex has gained 149 points to open at 25,802.
Global crude oil prices have slumped by 49 per cent during the same period
Google is the most attracitve employer in India followed by Sony
The BSE benchmark Sensex surged about 241 points to end at 35,165.48 and the NSE Nifty gained 84 points to close at 10,688.65.
It also expressed confidence that the cleaning operation will be finished in a couple of days.
Govt plans to stop RIL from selling crude to Jamnagar refinery.
Infosys, Bharti Airtel and ICICI Bank are the only companies who have managed to score 100% on a Composite Disclosure Index
India is the 4th largest oil consumer after the US, China and Japan.
India will pay Iran $900 million in two tranches beginning next week to clear part of the past dues for crude oil it buys from the Persian Gulf nation.
Oil subsidies to fall 44% in FY15.
In all, 61 companies have been pre-qualified to bid for 11 shallow water and 19 deepwater blocks in an international tender, according to Myanmar's Energy Ministry.
Petrol gets expensive but diesel is cheaper by Rs 1.35/ per litre.
Markets ended in red, index heavyweights drag.
The market breadth in BSE remains healthy with 1,829 shares advancing and 721 shares declining
Though the developments are positive, analysts say the benefits will accrue only in the long run
Broader markets outperformed with BSE Midcap and BSE Smallcap adding 0.23% and 0.45%, respectively
Oil companies on Wednesday slashed petrol and diesel prices by Rs 2, with effect from midnight tonight.
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
Is the Budget sufficiently prudent? It probably is but at the cost of substantial under-provisioning for the many grand sounding schemes announced in it, says Nitin Desai.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
India has asked refiners that owe about $6.5 billion to Iran for oil imports to build up dollar and euro balances to avoid downward pressure on the rupee if six world powers and Tehran reach a final nuclear deal.
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