With growing global oil production and the market turning towards a situation where supply may well overrun demand, traders are cautious of building up positions in crude futures.
Cheering the performance of the company, share price of TECH MAHINDRA LTD, on Wednesday morning hours quote at Rs. 709.20 up by 3.52 percent against its previous close of Rs. 695.00 per share. The stock hit an intraday high and low of Rs. 710 and 672 on the exchange.
Cheering on the results, the share price of Bank of Maharashtra closed 19.83 percent higher at Rs. 13.90 per share on the NSE on Tuesday. Meantime, the BSE Sensex closed down 176.27 points at 33891.13, while the NSE Nifty is lower by 52.50 points at 10198.40 in trade.
India’s sugar output is likely to decline by 3% to 31.5 MT in the current marketing year, due to untimely rains and pest attacks that hit the cane crop, as well as diversion of cane juice for ethanol, Indian Sugar Mills Association (ISMA) said on Monday.
Domestic markets Sensex and Nifty opened negative note on Tuesday, tracking weak global cues. Sesnex plunged about 100 points to hit at 34,160-mark, while the broader Nifty 50 opened at 10,282-level during morning deals
As the top gainers on the NSE, Indiabulls Housing made stellar performance by rising 12.49 percent quoting its share price at Rs. 769.35 apiece, followed by ICICI Bank, SBI, Adani Ports and Dr. Reddy’s. IndusInd Bank, Eicher Motors and Kotak Bank, were top losers of the day.