Net sales growth for the quarter ended December (Q3FY20) was 4.5 per cent on a year-on-year (YoY) basis for companies that have declared their results so far, compared to an 8.4 per cent rise in the first half of the financial year. This indicates that there could be a further rise in days' sales of inventory.
Of the 30-share Sensex pack, 15 today closed in the red
Auto shares gain while banks, realty drop
While OVL on April 16 signed a Joint Operating Agreement and Participation Share Agreement/Assignment Agreement with Kazakhstan's KazMunaiGas Exploration Production to buy a quarter of the Satpayev block, it on Wednesday signed a pactwith the Kazakh government to formally become a part of the concession.
Investors lost around Rs 1.57 lakh crore in market valuation on Friday.
Ends the August F&O series on a high tracking gains in RIL, HDFC and ITC.
India's biggest companies are public sector undertakings (PSUs) in the oil & gas sector.
The affidavit came in response to the government moving the Delhi high court seeking to block Reliance selling 20 per cent stake in its oil and chemical business to Saudi Aramco for $15 billion, in view of pending dues of $3.5 billion in Panna-Mukta and Tapti oil and gas fields. Countering the charges, RIL said it was a 'falsehood' and the petition is an abuse of process.
Overseas investors were one of the heavy buyers.
ONGC chairman and managing director R S Sharma formally launched the drill
Bharat Petroleum Corporation Limited (BPCL), Bangalore scored a surprise 4-1 win against Oil & Natural Gas Corporation (ONGC), Delhi in the final of the DCB Presents Aga Khan hockey tournament -- 2011, at the Bombay Gymkhana ground, on Saturday evening.
Oil & Natural Gas Corporation (ONGC), Delhi, rode on a fine hat-trick from Akashdeep Singh to trounce Indian Oil Corporation (IOC), Bangalore, 5-2, while Bharat Petroleum Corporation Limited (BPCL), Bangalore, struggled to overcome South Central Railway (SCR), Secunderabad 1-0 in the semi-finals on Friday.
BSE market breadth was fairly positive. Out of 3,010 stocks traded, 1,858 advanced while 1,013 declined in trades.
The broader NSE Nifty cracked below the key 10,400-mark to touch a low of 10,336.30, before finally ending 15.95 points, or 0.15 per cent, down at 10,410.90.
The Nifty ended up 19 points at 5,545.According to recent data, FIIs have bought shares worth Rs 1,505.50 crore since June 23.
In 10 sessions Sensex rose over 8%
IIT Madras has bagged 15 PPOs across departments but still expects over 10 offers. "Pre-placement offers from sectors like FMCG, IT and oil & gas have already been made.
Market breadth was positive; of 2,896 stocks traded on the BSE today, 1,496 advanced, while 1,275 declined.
Prime Minister Manmohan Singh on Monday expressed concern over the mismatch in demand and supply in the energy sector.
'You can put 25 per cent right now; put another 25 per cent when Nifty corrects another 500 points.' 'At 13,500 put another 25 per cent and at 13,000 one can get fully deployed.'
Ninety-nine companies, which also include some unlisted ones, have more than Rs 100 crore each of minimum alternate tax credit on their books, cumulatively adding up to Rs 75,000 crore. By utilising MAT credit, many companies will be able to bring down their effective tax cost.
Aggregate figures for a sample of 43 companies (excluding oil & gas PSUs as well as those in the banking, telecom and software sectors) in the BSE 100 index suggest that operating profit margins (OPMs) were down by 63 basis points (bps) year-on-year in the December quarter and that there appears to be no major causes for concern.
The broader Nifty of National Stock Exchange scaled the 10,200 mark intra day before closing at 10,184.85, showing a sizeable gain of 38.30 points, or 0.38 per cent.
The company has fixed February 9, 2011 as the record date for ascertaining the eligibility of the shareholders, who would be entitled to receive sub-divided shares and bonus shares, it said in a separate filing to the BSE.
Stocks and sectors impacted most by GST.
The NSE Nifty, comprising 50 shares, breached the 8,300-mark for the first time to hit a new lifetime high of 8,330.75.
Videocon Industries surged 6.3%, Blue Star rose 6% and Titan Industries rallied 3.5% by close of trade on Friday.
The market breadth was neutral.
Among these, Hindalco and Vedanta from the metal pack have become multi-baggers, gaining 100 per cent in 2016
More than 40% of the domestic edible oil requirements are imported, and it is imperative for India to scale up oil seed production to reduce the dependence on the global edible oil market
Oil & Natural Gas Corporation Ltd said it has not yet been granted clearance by government for acquiring equity stake in MRPL.
Nifty opened in the red at 5,468 on back of lacklustre cues from Asia and swung between 5408 and 5507.
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
The NSE Nifty settled at 5,233, up 11 points. The market breadth is positive, out of 2,969 shares traded, 1,504 advanced and 1,318 declined on the BSE.
Even though stocks may remain volatile in the run-up to the polls, as political parties stitch up alliances, the long-term trajectory for the markets remains bullish.
Adani is the fastest growing energy company in Asia-Pacific and the second fastest in the world
The NSE Nifty closed 78 points higher at 5,368.
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