Read more about Oil and Gas stocks tumble on Business Standard. Oil and Gas stocks were trading with losses, with the S&P BSE Oil&Gas index decreasing 495.2 points or 3.03% at 15855.63 at 13:48 IST.
Bharat Petroleum plunge 5% amid reports of the company selling 4% of treasury shares
IANSMar 9, 2021, 16:16 IST
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Bharat Petroleum Corporation Ltd (
BPCL) falling over 5 per cent.
At 2.16 p.m., BPCL shares on the BSE were trading at ₹441.05, lower by ₹25.95 or 5.56 per cent from its previous close. Its shares fell amid reports of the company selling 4 per cent of treasury shares worth ₹3,774 crore in a bulk deal.
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Indian Oil Corporation Ltd (
IOCL) trading 3.67 per cent lower at ₹99.75 per share. Hindustan Petroleum Corporation s (
HPCL) shares were trading at ₹234.60, lower by 3.62 per cent from its previous close.
Further, revenues of OMCs are likely to remain under pressure for some time now as official sources indicated that with fuel price rise becoming an election issue, the Centre would not like to further escalate the matter with more increases in the auto fuel prices required in the wake of firming of prices in the global oil
Daily Market Commentary - March 9, 2021 - Bonanza Portfolio
Posted On:
Mr Vishal Wagh, Research Head
On Tuesday Indian equity benchmarks made a gap-up opening despite mixed global cues. Markets are trading firm in early deals with notable gains on the back of buying in Basic Materials, Consumer Durables and Bankex. In the afternoon session, Indian equity benchmarks trim some of their initial gains, but managed to keep their head above neutral line. Both Sensex and Nifty are trading around 50,976 and 15,084 levels.
Asian equity benchmarks are trading mixed on Tuesday, with the lackluster cues from Wall Street overnight amid concerns that new covid- relief would heighten inflation while soaring bond yields could hurt high-growth companies reliant on easy borrowing.
Shares of oil marketing cos plunge, BPCL down 5% prokerala.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from prokerala.com Daily Mail and Mail on Sunday newspapers.
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Stock Market Highlights: Sensex gains 581 pts to end above 51k, Nifty at 15,098; bank, IT stocks lead rally
Stock Market Updates Today: Kotak Mahindra Bank, HDFC Bank, ICICI Bank, HDFC, Bajaj Finance, Axis Bank, M&M were among top gainers, while ONGC, Power Grid Corporation, Dr. Reddy s Laboratories, NTPC and Bharti Airtel were among top laggards
BusinessToday.In | March 9, 2021 | Updated 15:57 IST
Share Market News: BPCL, Coal India, SBI Cards shares in focus
The Indian benchmark indices, Sensex and Nifty, ended on robust note on Tuesday, led by strong gains across bank and IT space. The BSE Sensex closed 584 points or by 1.16 per cent higher at 51,025, and the NSE Nifty settled at 15,098.40, up by 142.2 points or by 0.95 per cent. During the day s trade, Sensex and Nifty hit high of 51,111.94 and 15,122.2, respectively. Bucking the trend, the broader market settled in red, with Mid Cap and Small Cap indices falling 0.7 per cent and 0.4 per cent, respectively. Among the