Thursday, December 19

Tag: oil prices

Stock Market LIVE: Sensex slips 300 pts, Nifty holds 22,200; Infosys, IndusInd Bank weigh | News on Markets
16Apr By adminNo Comments
Business

Stock Market LIVE: Sensex slips 300 pts, Nifty holds 22,200; Infosys, IndusInd Bank weigh | News on Markets

11:43 AMRBI to banks: Can't charge extra without mention in key fact statement The Reserve Bank of India (RBI) on Monday issued a directive that prohibits banks and other regulated entities from levying additional fees on loans that are not previously disclosed in the Key Fact Statement (KFS). The notification stipulates strict adherence to these guidelines for all new retail and MSME term loans sanctioned from October 1 onwards, including loans issued to existing customers. “Any fees, charges, etc., which are not mentioned in the KFS, cannot be charged by the REs to the borrower at any stage during the term of the loan, without explicit consent of the borrower,” the regulator said. Read more 11:22 AMSmall finance bank stocks are on an uptrend. Does the rally have more leg...
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Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine
28Nov By adminNo Comments
Business

Sensex up 250 pts; Adani Group, TaMo, Bajaj twins shine

Stock market LIVE updates: Benchmark indices exhibited lacklustre movement in trades on Tuesday even as select sectors were buzzing with solid gains. Oil & Gas and Power in particular, thanks largely to the Adani Group shares, logged strong gains.The S&P BSE Sensex quoted around 66,050 levels, up nearly 100 points, while the Nifty50 tested the 19,850-level.   The broader markets continued to exhibit strength with the BSE MidCap and SmallCap indices rising up to 0.18 per cent.  Among other sectoral indices, the Nifty Metal index added 1.15 per cent, while the Nifty IT index fell 0.5 per cent. Buzzing stocks DLF: Shares fell 1.6 per cent after the Enforcement Directorate searched the premises of the realty major in Gurugram as part of a money la...
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Output: ONGC net slips 20% to Rs 10,216 crore in Q2 on crude price fall
11Nov By adminNo Comments
Business

Output: ONGC net slips 20% to Rs 10,216 crore in Q2 on crude price fall

NEW DELHI: Flagship explorer ONGC recorded a 20% decline in its second quarter net profit at Rs 10,216 crore compared to Rs 12,826 crore a year ago as a drop in global oil prices coincided with marginally lower production during the July-September period.Company director (finance) Pomila Jaspal said lower crude prices reduced earning from each barrel to $84.8 against $95.5 in the year-ago period.She expected the situation to reverse in the December quarter with the KG-DWN-98/2 block off the Andhra coast coming onto production this month.Besides, she said last year earnings were boosted by a Rs 1,900 crore reversal of impairment, while this year there was no such exceptional income.Global oil prices had surged in the April-June period of 2022 after Russia's invasion of Ukraine, which led t...
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RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran
2Nov By adminNo Comments
Business

RBI may hold fire even if Fed hikes rates twice: CEA V Anantha Nageswaran

The Reserve Bank of India (RBI) will not be under pressure to tighten its monetary policy even if the US Federal Reserve (Fed) increases interest rates further, Chief Economic Advisor (CEA) V Anantha Nageswaran on Thursday said. The Fed on Wednesday held interest rates with Fed Chair Jerome Powell saying the US central bank could raise them again if progress on cooling inflation stalled. “If the Fed were to hike 25 basis points, or even two times, that will not put pressure on the RBI to follow suit,” Nageswaran told Bloomberg Television on the sidelines of the Barclays Asia Forum in Singapore. The CEA held the RBI’s rate cycle had not been so tightly linked to that of the Fed because India’s external balances and financial stability were much better than they ...
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Warren Buffett bets on oil! Berkshire Hathaway joins oil-buying frenzy this week with Occidental Petroleum buys
27Oct By adminNo Comments
Business

Warren Buffett bets on oil! Berkshire Hathaway joins oil-buying frenzy this week with Occidental Petroleum buys

Investor Warren Buffett has now joined the recent oil-buying spree with his Berkshire Hathaway resuming its purchases of Occidental Petroleum stock after a four-month hiatus. According to Associated Press, the company in a Securities and Exchange Commission filing revealed that it has invested over $246 million this week to add to its already significant stake in Occidental. With this latest purchase, Berkshire now controls nearly 26% of the Houston-based oil producer, owning more than 228 million shares.Buffett has been consistently buying Occidental stock since last year whenever its price fell below $60.However, this week, he was willing to pay over $63 per share for some of the new shares, the report said.These Berkshire purchases coincided with Chevron's announcement of its $53 billi...
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Sensex off lows, down 300 pts; LTIMindtree up 5%, Coforge 3%
19Oct By adminNo Comments
Business

Sensex off lows, down 300 pts; LTIMindtree up 5%, Coforge 3%

Stock market LIVE updates: Equities got hammered in Thursday's intraday trade as weak global sentiment, amid escalating war concerns in the Middle East, kept investors on the sidelines.  The S&P BSE Sensex fell 474 points to quote at 65,403 levels, while the Nifty50 opened below 19,550-mark. Wipro, Hindalco, Tata Steel, JSW Steel, Power Grid, Bajaj Finance, Bajaj Finserv, Titan, UPL, Grasim, Adani Ports, HDFC Bank, M&M, and L&T lost ground on the bourses with up to 3 per cent slide.  Meanwhile, in the broader market, the BSE MidCap and SmallCap indices fell 0.7 per cent and 0.4 per cent, respectively. Amid a broad-based selling, the Nifty Metal index fell 1.5 per cent, the Nifty Realty dropped 1.24 per cent, and the Nifty Financial Services...
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Oil prices jump 2% on supply worries after large US stock drawdown
18Oct By adminNo Comments
Business

Oil prices jump 2% on supply worries after large US stock drawdown

Oil prices gained nearly $2 in early trade on Wednesday after industry data showed a bigger-than-expected draw in US crude stocks amid worries about supply disruptions from the Middle East due to a deepening Israel-Hamas conflict. Brent crude futures jumped $1.62, or 1.8%, to $91.49 a barrel at 0148, with markets also braced for Chinese GDP numbers.West Texas Intermediate crude (WTI) futures were up $1.77, or 2%, at $88.43 a barrel.US crude stocks fell by about 4.4 million barrels in the week ended Oct. 13, according to market sources citing American Petroleum Institute figures on Tuesday. That was much steeper than a 300,000 barrel draw that analysts had forecast. Official US government data is due later on Wednesday. Tension in the Middle East escalated after about 500 Palestinians we...
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Oil prices ease as investors assess impact of Israel-Hamas war
16Oct By adminNo Comments
Business

Oil prices ease as investors assess impact of Israel-Hamas war

TOKYO: Oil prices eased in early Asia trade on Monday, reversing last Friday's rally as investors waited to see if the Israel-Hamas conflict draws in other countries, which could drive up prices further and deal a fresh blow to the global economy. Brent futures fell 36 cents, or 0.4%, to $90.53 per barrel and US West Texas Intermediate (WTI) crude dropped 37 cents, or 0.4%, to $87.32 a barrel by 2215 GMT on Sunday. Both benchmarks rose nearly 6% on Friday, posting their highest daily percentage gains since April, as investors priced in the possibility of a wider Middle East conflict. Brent also recorded a weekly gain of 7.5%, its biggest such increase since February. WTI climbed 5.9% for the week. The conflict in the Middle East has had little impact on global oil and gas supplies, and Is...
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LPG Price Hike: 19-kg Commercial Gas Cylinder to be Costlier by Rs 209 from Tomorrow
1Oct By adminNo Comments
Business

LPG Price Hike: 19-kg Commercial Gas Cylinder to be Costlier by Rs 209 from Tomorrow

Last Updated: October 01, 2023, 00:20 ISTOil marketing companies have increased the price of commercial LPG cylinders. (Representational image: Reuters/File)Oil marketing companies increased the price of 19-kg LPG cylinder by Rs 209, so the retail price in Delhi will now be Rs 1,731.50 after the hikeCommercial LPG will now be costlier after oil marketing companies increased the price of 19-kg cylinder by Rs 209 on Saturday. The retail price of such a cylinder in Delhi will now be Rs 1,731.50 after the hike, sources said.According to sources, the hike will be in effect from Sunday (October 1). A 19-kg commercial LPG cylinder cost Rs 1,522.50 in Delhi. News DeskThe News Desk is a team of passionate editors and writers who break and analyse the most important events unfolding in India and ab...
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