IIR Top Refining News Today: December 28th 2020
Industry Segment: Petroleum Refining | Word Count: 120 Words
Bharat Petroleum Corporation Limited (BPCL) resumed full throughput at its 320,000-BBL/d Kochi Refinery in India on December 18. The IREP block, which includes seven major units, was operating at 91% since November 24.
Stocks in the news today: Union Bank raised Rs 500 crore through Basel III compliant bonds
The domestic stock markets are likely to open firm, after an absolutely flat closing on Wednesday, going by trends from the global front. Trends on SGX Nifty indicate a positive start for the index in India, with a gain of 50 points. At 7:30 am, the Nifty futures were trading at 13,629, higher by 50 points or 0.45 per cent on the Singapore Stock Exchange.
Here are some stocks to watch in Wednesday s (December 16) session:
Punjab National Bank
Punjab National Bank shares are set to see some investor interest as the bank s Rs 7,000 crore Qualified Institutional Placement (QIP) opens on December 15. The state-owned lender has set the floor price for its proposed QIP at Rs 7,000 crore. The capital raising committee of the bank has authorised the opening of the QIP issue and approved the floor price.