Read more about Oil and Gas stocks rise on Business Standard. Oil and Gas stocks were trading with gains, with the S&P BSE Oil&Gas index increasing 39.35 points or 0.28% at 13946.87 at 09:48 IST.
Read more about Volumes soar at TVS Motor Company Ltd counter on Business Standard. TVS Motor Company Ltd recorded volume of 4.68 lakh shares by 10:48 IST on BSE, a 4.4 times surge over two-week average daily volume of 1.06 lakh shares
Read more about Oil and Gas stocks edge lower on Business Standard. Oil and Gas stocks were trading in red, with the S&P BSE Oil&Gas index decreasing 275.47 points or 1.9% at 14236.77 at 13:48 IST.
Benchmark indices were trading with modest losses in afternoon trade. Rising coronavirus cases across US, Europe and China weighed on investors sentiment. At 13:20 IST, the barometer index, the S&P BSE Sensex, dropped 257.52 points or 0.52% at 49,326.64. The Nifty 50 index lost 80.45 points or 0.55% at 14,515.15.
Broader markets traded with minor losses. The S&P BSE Mid-Cap index fell 0.62%. The S&P BSE Small-Cap index skid 0.40%.
Sellers outpaced buyers. On the BSE, 1,096 shares rose and 1,749 shares fell. A total of 141 shares were unchanged. In Nifty 50 index, 17 stocks advanced while 33 stocks declined.
Foreign portfolio investors (FPIs) bought shares worth Rs 1,076.62 crore, while domestic institutional investors (DIIs), were net sellers to the tune of Rs 188.10 crore in the Indian equity market on 14 January 2021, provisional data showed.
View: Why monopsonic tendencies don t augur well for the economy
Even the government is not immune from monopsonic tendencies when it comes to buying oil from Assam and other regions when it pays many multiples of that on imported oil or gas.
Synopsis
To economists, monopsony a market condition in which there is only one buyer was a theoretical concept, to be defined as a construct before belabouring the dangers of monopoly. The danger of monopsony, seldom thought of as a threat by economists, is now upon us.
To economists, monopsony a market condition in which there is only one buyer was a theoretical concept, to be defined as a construct before belabouring the dangers of monopoly. The danger of monopsony, seldom thought of as a threat by economists, is now upon us.