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 Read more
State-owned oil&Gas companies namely Hindustan Petroleum Corp Ltd (HPCL), Indian Oil Corp Ltd (IOC) and Bharat Petroleum Corp Ltd (BPCL) have inked an agreement on June-3, to form a joint venture (JV) for the implementation and subsequent operation of 2757Km-long Read more
The rising crude prices across the globe are expected to have a negative impact on the rupee depreciated rupee, which is likely to have a negative impact on petrol marketing companies.
Share benchmarks ended the trading session lower, snapping their 3-day winning streak. The BSE Sensex ended the day lower by 382.90 points, while the NSE Nifty closed the day lower by 131.70 points at 10,453.05. The domestic currency was little changed on Wednesday at 73.47 against US dollar.
Share benchmarks climbed for the third consecutive session on Wednesday amid rising crude oil prices and strength in domestic currency. The rupee opened at a 2-week high of 73.41 per US dollar against previous close 73.46.
The BSE Sensex surged 265 points at 35427-mark and the Nifty up 71 points at 10,655-level at the time of thi8s reporting