With the government reducing the net worth for new entities in fuel-marketing space to Rs 250 crore, the market is open for new players like Total, Adani, and Saudi Aramco -- and even supermarkets - to open fuel outlets.
Link between oil exploration and markets can be used by India to great advantage.
The top gainers on the Sensex are Gail(India), HDFC, Infosys.
Stocks to watch: Pipavav Defence, ABG Shipyard, Bharati Shipyard
n the broader market, BSE Midcap and Smallcap indices are trading higher by 0.3% each.
Many stalled projects are about to get going again, providing potential relief to banks, says T N Ninan.
Ajit Mishra, vice president, Research, Religare Broking, answers your stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
'The fact that Modi and Xi exuded confidence to accelerate the negotiations for a border settlement alone underscores that the Russia-India-China triangle has become very dynamic,' notes Ambassador M K Bhadrakumar.
Decline in the rupee coupled with a slide in the crude oil prices have dented the sentiments.
Market breadth is positive with 942 advances and 196 declines.
The agreement on pricing last month marks a significant step towards promoting energy security in the region, say Nisha Taneja & Samridhi Bimal.
Keshav Joshi's tongue in cheek look at Narendra Modi's mega plans.
Sensex remained volatile through the day.
Indian companies place orders worth $600 million for US crude, which is likely to increase by nearly $2 billion in the near future.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The total investor wealth in domestic stock markets soared by Rs 1.53 lakh crore as investors cheered energy reforms, including hike in natural gas prices.
Metal shares were the top gainers with Hindalco up over 5%.
Modi said the push towards a gas-based economy where the share of environment-friendly fuel in the energy basket will be increased from 6.2 per cent to 15 per cent by 2030, will create lakhs of jobs and help meet India's COP-21 commitment of cutting emission intensity by 33-35 per cent.
The winter session of Parliament will commence on November 26.
The Cabinet Committee of Economic Affairs has approved a hike in gas prices from April 2014.
Capital Goods shares ended mixed on the back of weak IIP numbers. L&T ended down 0.7% while BHEL ended with marginal gains.
The Cabinet on Thursday decided to allow Reliance Industries to almost double the price of natural gas from April provided the firm gave a bank guarantee to cover its liability if gas-hoarding charges are proved.
Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
The 30-share Sensex surged 299 points to close at 28,736 and the 50-share Nifty gained 90 points to end at 8,723.
'The challenge before the two countries is to turn the peak into a plateau and enter an irreversible phase of cooperation,' notes Ambassador T P Sreenivasan.
There was a discussion on trade matters, market access, regulatory issues and barriers. Both leaders underlined the importance of free and fair trade
Gaurav Garg, Head of Research, CapitalVia answers readers' stock market queries.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
They have been named for their stake in the Farsi offshore block.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries.
Markets closed in the red on domestic worries.
JNPT, the country's largest container port at Navi Mumbai, and Kandla in Gujarat's Kutch, the largest port by total cargo, will come together to form a Special Purpose Vehicle to operate the terminal at Chabahar, under a revenue-share agreement with the Port and Maritime Organisation, Iran.
The net sales growth declines 4.4% in September quarter, the second worst in eight years.
Interest rate sensitive stocks gain ground post decision
Reliance Industries was the top Sensex gainer up 5.6% after the company reported better-than-expected net profit growth at 12% in the second-quarter aided hby higher gross refining margins.
Ajit Mishra, vice president, Research, Religare Broking, answers your queries
Low fuel prices to help oil marketing and refining sectors but upstream players will stay under pressure.
'China was the elephant in the Oval Office and Trump would have sensed that Modi's foreign policy architecture has become disoriented sans the US' pivot to Asia,' points out Ambassador M K Bhadrakumar.
© 2026 Rediff.com - Advertise with us - Disclaimer - Privacy Policy - Sitemap - Feedback - About us - Terms of use - Grievances