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IOC also stated that its Board has recommended a final dividend of Rs 3.60 per equity share, which translates into final dividend of Rs 2.40 per equity share (post-bonus) for FY22.
Domestic equity benchmarks were trading with modest gains in morning trade. IT, metal and FMCG shares advanced while pharma and auto shares declined. At 10:26 IST, the barometer index, the S&P BSE Sensex, was up 125.17 points or 0.24% to 51,473.94. The Nifty 50 index has added 53.30 points or 0.35% to 15,169.10. The Sensex hit a record high of 51,606.25 and the Nifty hit a record high of 15,197.80 in morning trade. Both the indices have gained over 11% in seven straight sessions. In the broader market, the S&P BSE Mid-Cap index gained 0.34% while the S&P BSE Small-Cap index rose 0.56%. The...
Bharat Petroleum Corporation (BPCL) rose 2.30% to Rs 429.55 after the company's net profit surged 120.3% to Rs 2,777.62 crore on 10.7% decline in net sales to Rs 66,731.39 crore in Q3 FY21 over Q3 FY20. The oil marketing company's other income in the third quarter was Rs 1,514.55 crore as against Rs 514.82 crore in the same period last year. The state-owned refiner's throughput in the quarter declined 13.9% year-on-year (YoY) to 7.24 million tonne. The company's market sales in the quarter were largely flat at 11.10 million tonne as compared to the same period last year. In the third quarter,...
Domestic benchmarks reversed intraday gains and ended near the flat line after a volatile session on Tuesday. As per provisional closing data, the barometer index, the S&P BSE Sensex, fell 19.69 points or 0.04% to 51,329.08. The Nifty 50 index lost 6.50 points or 0.04% to 15,109.30. The Sensex hit a record high of 51,835.86 and the Nifty hit a record high of 15,257.10 in mid-afternoon trade. Investors booked profits after both the indices surged about 11% in the past six consecutive sessions. Mahindra & Mahindra (down 3.04%), ITC (down 1.76%), Bajaj Finance (down 1.59%), TCS (down 1.10%) and...