'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.
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.
BSE Smallcap index outperformed the frontline indices to rise 0.6%, while the BSE Midcap was flat
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.
In the broader market, BSE Midcap and BSE Smallcap indices mirrored the gains in headline indices and rose 1% and 0.9% respectively.
About 1,556 shares have advanced, 1,211 shares declined, and 182 shares are unchanged.
Financial shares were among the top gainers with HDFC leading the gains.
Low oil prices drove the growth in states' share faster than expected, says Abhishek Waghmare.
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 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
Sensex witnessed the biggest single day gain since May 2009 in absolute terms.
Interest rate sensitive stocks gain ground post decision
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.
'As an aspirational district, one of the main challenges is health and nutrition of the tribal community.' 'They are 1.5 lakhs to 1.6 lakhs tribals in this district.' 'The major issue among tribals is malnutrition and anaemia.'
If you use customised cards that suit your lifestyle needs, you could also end up availing of a variety of deals, rewards, and discounts.
Promoters of SpiceJet do not have funds to bail out the airlines of dire consequences.
Cairn India is 25th on the list with 22.2 per cent CGR.
Ajit Mishra, Vice President, Research, Religare Broking, answers readers' queries on stocks they own or want to buy.
Oil subsidies to fall 44% in FY15.
Petrol gets expensive but diesel is cheaper by Rs 1.35/ per litre.
ICICI Bank, ONGC and Tata Motors contribute to nearly 50% gain seen on the Nifty.
Markets ended in red, index heavyweights drag.
India discard Virender Sehwag scored a breezy 48 off just 20 balls as CAG (Comptroller &Auditor General of India) were involved in a tie with Mumbai Customs, in a concluding Group C league match of the Rs 12 lakh tenth All India Dr D.Y. Patil T20 Cup, organised by the D.Y Patil Sports Academy, under the auspices of the Mumbai Cricket Association, at the D Y Patil Stadium, in Nerul, Mumbai, on Wednesday.
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
Digital-pay companies see 10x growth spurt after demonetisation, report Ayan Pramanik & Shine Jacob/Business Standard from Bengaluru.
Oil companies on Wednesday slashed petrol and diesel prices by Rs 2, with effect from midnight tonight.
With Iran reaching an agreement on its nuclear programme, India is expected to be one of the major gainers.
Government-owned companies are more generous in rewarding their shareholders with dividends.
Select companies in infra, capital goods, private banks, auto, oil & gas, and mining could be considered by investors.
Profit on sale of diesel swelled to Rs 1.90 per litre as oil ministry awaits return of Prime Minister Narendra Modi to cut rates.
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 S&P BSE Sensex closed 318 points at 24,455 and the Nifty50 shed 99 points to end at 7,438.
Participants are keenly awaiting the rollovers to the next series ahead of the expiry of June F&O.
FII stance, progress of monsoon, crude oil and rupee movement are likely to dictate the trend.
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