Sensex, Nifty hit all-time highs as Mahindra and Mahindra jumps reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.
Oil and Gas stocks were trading in red, with the S&P BSE Oil&Gas index decreasing 141.11 points or 0.96% at 14576.59 at 13:48 IST. Among the components of the S&P BSE Oil&Gas index, Indraprastha Gas Ltd (down 2.15%), Oil & Natural Gas Corpn Ltd (down 1.33%),Castrol India Ltd (down 1.25%),Indian Oil Corporation Ltd (down 1.14%),Bharat Petroleum Corporation Ltd (down 1.06%), were the top losers. Among the other losers were Hindustan Petroleum Corporation Ltd (down 0.9%), Reliance Industries Ltd (down 0.88%), GAIL (India) Ltd (down 0.44%), and Petronet LNG Ltd (down 0.19%). On the other hand, Gujarat State Petronet Ltd (up 0.02%), turned up.
At 13:48 IST, the S&P BSE Sensex was down 99.85 or 0.22% at 46153.61.
BPCL to consider buying Oman Oil stake in Bina refinery
BPCL to consider buying Oman Oil stake in Bina refinery
Privatisation-bound Bharat Petroleum Corporation Ltd (BPCL) has said its board will on Thursday consider buying out Oman Oil Company in the Bina refinery project in Madhya Pradesh.
BPCL board will also consider merging Bharat Gas Resources Ltd(BGRL) with itself, the company said in a filing to the stock exchanges on Tuesday.
BPCL holds 63.68 per cent stake in Bharat Oman Refineries Ltd (BORL), which built and operates a 7.8 million tonne oil refinery at Bina in Madhya Pradesh.
The company board will on December 17 consider a proposal for according in-principle approval for acquisition of 36.62 per cent of equity shares in BORL from OQ S.A.O.C. (formerly known as Oman Oil Company S.A.O.C.), it said.
Market Commentary - Dec 15, 2020 - Bonanza Portfolio
Posted On:
Mr. Vishal Wagh, Research Head
On Tuesday Indian equity benchmarks made a negative start tracking weakness in global peers. Markets are trading lower with the cut of around half a percent due to selling in Oil & Gas, Energy and PSU stocks. In the afternoon session, Indian equity benchmarks managed to cut some of their losses with Sensex and Nifty trading above 46,200 and 13,500 levels.
Asian markets were trading lower on Tuesday, following the mixed cues from Wall Street as optimism about coronavirus vaccines was offset by concerns about the impact of new lockdown measures due to the surging coronavirus cases in the U.S.
SBI Card, BPCL jointly launch credit card offering benefits to high fuel spending customers
Representational image/ SBI Card, BPCL jointly launch credit card offering benefits to high fuel spending customers
SBI Card on Tuesday announced launch of BPCL SBI Card Octane in association with Bharat Petroleum Corporation Ltd (BPCL), offering maximum savings to consumers who spend a significant amount on fuel.
The credit card has been designed to offer maximum savings to the well-heeled consumer segment which spends a significant amount on fuel.
The BPCL SBI Card Octane brings 25X reward points on spends for BPCL fuel and MAK Lubricants, Bharat Gas (LPG) spends (website and app only) and BPCL s In & Out convenience store spends, SBI Card said in a release.