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 Read more

Closing Updates: Equities Ended Lower Amid Volatility

The Sensex and Nifty ended in the red after profit booking in afternoon session.  Sensex closed 161 points lower at 38,700-mark with Infosys (+1.44%), M&M (+1.07%) and ONGC (+1.05%) were the top Sensex gainers. The Nifty slipped 61 points to 11,604-mark. Read more

IOC Surges On Acquiring AbuDhabi Onshore Block

Indian Oil Corporation Limited (IOC) announced in an exchange filing on Monday that it has acquired the Abu Dhabi Onshore block-1. Accordingly, Indian Oil Corporation along with Bharat Petro Resources (BPRL), which is a subsidiary of Bharat Petroleum Corp (BPCL) Read more

OMC stocks fall on Nomura cuts targets on likely subsidy risk

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. 

Oil companies mull share buyback, Stock Up

As per media report, the Oil companies namely Oil and Natural Gas Corporation (ONGC), Indian Oil Corporation (IOC) and Oil India Limited (OIL) are considering buyback of shares worth Rs. 10,000 crore. These companies are being pressured by the govt as it screams to meet its disinvestment target.