omc-STOCKS

OMC Stocks slip on proposed OPEC cut

Shares of marketing companies declined on Friday amid reports that OPEC and other major producers are looking to finalize a deal to slash production. Shares in ONGC declined 1.71-pc to Rs 126.60-apiece on the BSE and 1.86-pc to Rs126.50 on the NSE. Shares of HPCL slipped by 1.09-pc to Rs263-per...

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Sensex Drops 334-pt; Yes Bank slip 10pc

Key Benchmark indices declined sharply in the weekend Friday, led by losses in Yes Bank which slipped over 10-pc in trade. The Nifty bank index, in which the Yes bank is a constituent, slipped 1.17% to 31,341.55 as the top loser on both benchmarks. The other major losers in the...

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Crude Oil rises after OPEC cut

Crude Oil price edged higher on Friday 6-December, with the US crude trading near a 2-month high-level after the OPEC agreed to hike output curbs about 50% in the threshold 2020. WTI oil futures were up by at USD58.45-per-bbl in early trade. The last day, the WTI oil futures rose...

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Market Turned Volatile, PSU Bank, Media hit hard

Equity front line indices changed its trends turning volatile during the mid-session, after opening higher in the morning session. Major selling pressure was witnessed in the Nifty PSU bank and Media, which slipped 3.26% and 3.14% respectively at 11.50-hrs. Union bank slipped 4.21%, Bank of Baroda lost 3.67% Central bank...

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Markets Up, Yes Bank down on Rating downgrade

Indian share markets opened higher on Friday, 6th December, on positive global cues. The BSE benchmark Sensex is up 77 points at 40,857, and the NSE’s Nifty also up 18 points at 12,036 at 10.10-am. Bharti Infratel, Dr.Reddys, SunPharma, Asian paint and Tata Steel are the current gainers on the Nifty pack...

Market-Today

Markets Closed Lower, Baking Stocks Lag

Indices encountered high volatility from the mid-session after the RBI maintained its policy dynamics at the Accommodative stance, while the reverse repo rate has been maintained at 4.90-pc, besides cutting the real GDP growth for fiscal 2020 to 5pc from 6.1pc. The Sensex closed 70.70 points lower to 40,779, and...