Oil Co stocks rise as crude falls in price, Nifty Energy index Up

Oil Marketing Companies’ stocks were trading on upper circuit on Thursday afternoon session after the international benchmark for crude oil declined in prices. The NSE Energy index near 2% led by gains in ONGC, Reliance Infra, Bharat Petroleum, Indian Oil Corp , NTPC, Hindustan Petroleum, which are up in range...

Index Hits days Low, Metal stocks Gain

Key benchmark indices sharply reversed their morning gains and hit a new intraday low through mid-session . The Nifty slipped 24-pts and reached towards 10,800 level. Selling force in Banking/Fin stocks weighed on the indices. However, the Nifty metal index continue rise after a number of positive global prospects lifted...

Rupee Hits 2019 Low; IT Stocks Mixed

The domestic currency – Rupee – on Tuesday declined to its lowest mark in 2019,. It fell to 72.30 V/s the Greenback, as weak Gross domestic products (GDP) numbers, left investors concerned that FPIs may head for the exit. GDP numbers which were unveiled on late Friday, indicated in its...

PSU Banks stocks falls following Merger

The stocks of govt-owned banking plummeted today, after govt announced merger to strengthen the baking sector. Nifty PSU bank index slumped over 3% during mid-morning session, with shares of PNB hitting the worst, with the shares falling a huge 8% in trade. Other Bank stocks that declined were Canara bank,...