Tag: ONGC

ONGC jumps over 4% on rise in crude prices

ONGC jumps over 4% on rise in crude prices

15/09/2017 12:31
Shares of Oil & Natural Gas Corporation (ONGC) jumped over 4 per cent on the Bombay Stock Exchange amid spurt in crude oil prices as demand outlook brightens.

Driven by rise in crude prices, shares of the company gained as much as 4.14 per cent to trade at intra-day high of Rs 166.00 apiece on the Bombay Stock Exchange.

In a similar fashion, shares of the company were trading 3.07 per cent higher at Rs 164.25 apiece on the National Stock Exchange.

Meanwhile, the broader benchmark BSE Sensex was trading at 32,191.65, down 50.28 points, or 0.16 per cent, at 12:35 hours.

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Markets extend losses; ONGC, SBI shares dip

02/11/2016 10:20

The key domestic benchmark indices were trading in a negative terrain in the morning trading session tracking weakness across markets in Asia and an overnight sell-off at Wall Street as anxiety ahead of US Presidential elections, the US Federal Reserve interest rate decision and US October payrolls data curbed risk taking appetite.

Some support may come later in the day with ASSOCHAM’s report that Indian economy is expected to fare better in the second half of the current fiscal backed by uptick in sales and improved capacity utilization, though fresh investments and new jobs creation may be a concern going forward.

Shares of HT Media and IL&FS Engineering and Construction Company will be in focus as the companies unveil their September quarter earnings data. Further, auto stocks will also be eyed amid the October sales data.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 27606.84 down by 269.77 points or by 0.97 per cent, while the NSE Nifty was at 8536.75 points, trading lower by 89.5 points or by 1.04 per cent.

The BSE Sensex touched an intraday high of 27679.32 and an intraday low of 27535.02 while the NSE Nifty touched an intraday high of 8547.45 and an intraday low of 8518.7

The top gainers of the BSE Sensex pack were Mahindra & Mahindra Ltd. (Rs. 1353.25,+2.33 per cent), NTPC Ltd. (Rs. 156.65,+1.10 per cent), Hindustan Unilever Ltd. (Rs. 841.55,+0.75 per cent), among others.

Meanwhile, Oil And Natural Gas Corporation Ltd. (Rs. 282.60,-2.28 per cent), State Bank of India (Rs. 253.00,-2.09 per cent), Coal India Ltd. (Rs. 324.25,-1.70 per cent), ICICI Bank Ltd. (Rs. 270.70,-1.69 per cnet), GAIL (India) Ltd. (Rs. 425.40,-1.62 per cnet), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total 2307 shares traded, 604 shares advanced, 1631 shares declined while 72 were unchanged.

On the global front, Asian stocks were trading lower today as heightened anxiety ahead of the US elections took toll on Asian stocks. US stocks closed lower in the previous trading session amid the looming anxiety surrounding US elections.

Markets continue to hover in red; ONGC, Axis Bank weigh

Markets continue to hover in red; ONGC, Axis Bank weigh

05/10/2016 14:26

The key domestic benchmark indices continued to hover in red during the late noon trading session tracking weak cues from the European counters.

At 14:20 hours, the 30-share benchmark index was trading at 28258.32 down by 76.23 points or by 0.27 per cent, while the NSE Nifty was at 8759.4 down by 9.75 points or by 0.11 per cent.

Investor sentiment was dampened as Nikkei India Services Business Activity Index eased to 52 in September from 54.7 in August, pointing to a slower and moderate rate of expansion. Sentiments also remained subdued with a World Bank research predicting that the proportion of jobs threatened in India by automation is 69 per cent and in China it is 77 per cent.

In the choppy trade so-far, Sensex touched an intraday high of 28477.65 and an intraday low of 28209.19, while the NSE Nifty touched an intraday high of 8806.95 and an intraday low of 8731.4.

The top gainers of the BSE Sensex pack were Asian Paints Ltd. (Rs. 1207.00,+1.23%), State Bank of India (Rs. 262.40,+1.22%), Hindustan Unilever Ltd. (Rs. 869.75,+1.14%), Tata Motors Ltd. (Rs. 555.60,+1.14%), Maruti Suzuki India Ltd. (Rs. 5729.35,+0.87%), among others.

The top losers of the BSE Sensex pack were Oil And Natural Gas Corporation Ltd. (Rs. 267.20,-2.39%), Axis Bank Ltd. (Rs. 537.40,-1.72%), Mahindra & Mahindra Ltd. (Rs. 1398.00,-1.23%), Bajaj Auto Ltd. (Rs. 2859.95,-1.19%), Hero MotoCorp Ltd. (Rs. 3495.00,-1.03%), among others.

Among the sectors, IT index was at 10254.48 down by -57.59 points or by -0.56%. Mastek Ltd. (Rs. 131.70,-4.11%), Intrasoft Technologies Ltd. (Rs. 415.00,-1.91%), Moser Baer India Ltd. (Rs. 7.78,-1.89%), Majesco Ltd. (Rs. 475.20,-1.83%), 3i Infotech Ltd. (Rs. 5.88,-1.67%),.

The Market breadth, indicating the overall strength of the market, was weak. On BSE out of total shares traded 2981 , shares advanced were 1727 while 1122 shares declined and 132 were unchanged.

On the global front, Asian peers ended the day on a positive note, while European counters were hovering in red on reports that the European Central Bank’s governing council had reached an informal consensus on winding down its quantitative easing programme.

Markets pare early gains; Bajaj Auto, ONGC shares dip

05/10/2016 10:22

The key domestic benchmark indices were trading in a negative terrain in the morning trading session amid renewed concerns about the UK’s exit from the European Union and US Fed increasing interest rate later this year.

On Tuesday, the Indian equities ended higher after Reserve Bank of India (RBI) cut repo rate by 25 basis points to 6.25 per cent from the current 6.5 per cent.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28318.62 down by 15.93 points or by 0.06 per cent, while the NSE Nifty was at 8765.3 points, trading lower by 3.85 points or by 0.04 per cent.

The BSE Sensex touched an intraday high of 28477.65 and an intraday low of 28313.97 while the NSE Nifty touched an intraday high of 8806.95 and an intraday low of 8756.9

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 262.65,+1.31 per cent), NTPC Ltd. (Rs. 153.50,+1.12 per cent), Tata Motors Ltd. (Rs. 555.50,+1.12 per cent), Maruti Suzuki India Ltd. (Rs. 5725.00,+0.79 per cent), Hindustan Unilever Ltd. (Rs. 866.40,+0.75 per cent), among others.

Meanwhile, Bajaj Auto Ltd. (Rs. 2861.50,-1.13 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 270.95,-1.02 per cent), Wipro Ltd. (Rs. 477.45,-0.84 per cent), Axis Bank Ltd. (Rs. 542.40,-0.80 per cent), Mahindra & Mahindra Ltd. (Rs. 1404.00,-0.80 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2251 shares traded, 1288 shares advanced, 871 shares declined while 92 were unchanged.

On the global front, Asian stocks were trading higher today as rebound in oil prices bolstered sentiment. US stocks closed lower in the previous trading session amid concerns about the ECB tightening liquidity and rising speculation in the market that a Federal Reserve might hike interest-rate this year.

Markets remain firm; GAIL, ONGC shares advance

04/10/2016 10:21

The key domestic benchmark indices were trading in a positive terrain in the morning trading session ahead of the Reserve Bank of India’s policy review later in the day, tracking a mixed trend across markets in Asia. Investors are hoping that the newly established Monetary Policy Committee (MPC) headed by Patel may cut interest rates by 25 bps amid the recent dip in consumer inflation.

Besides rate cut hopes, positive global cues and steps taken by India and Pakistan to ease military tensions also boosted market sentiment.

At 10:20 AM, the Bombay Stock Exchange bellwether Sensex was at 28315.92 up by 72.63 points or by 0.26 per cent, while the NSE Nifty was at 8765.55 points, trading higher by 27.45 points or by 0.31 per cent.

The BSE Sensex touched an intraday high of 28402.65 and an intraday low of 28306.94 while the NSE Nifty touched an intraday high of 8778.3 and an intraday low of 8751.6

The top gainers of the BSE Sensex pack were GAIL (India) Ltd. (Rs. 398.70,+3.63 per cent), Oil And Natural Gas Corporation Ltd. (Rs. 269.40,+3.54 per cent), Sun Pharmaceutical Industries Ltd. (Rs. 767.75,+1.32 per cent), Reliance Industries Ltd. (Rs. 1102.35,+1.10 per cent), Cipla Ltd. (Rs. 594.50,+0.99 per cent), among others.

Meanwhile, Coal India Ltd. (Rs. 321.25,-2.01 per cent), Larsen & Toubro Ltd. (Rs. 1456.80,-0.89 per cent), Axis Bank Ltd. (Rs. 547.15,-0.69 per cent), Bharti Airtel Ltd. (Rs. 317.30,-0.45 per cent), Mahindra & Mahindra Ltd. (Rs. 1438.00,-0.35 per cent), were among the top losers on BSE.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total 2288 shares traded, 1382 shares advanced, 799 shares declined while 107 were unchanged.

On the global front, Asian stocks were trading mixed today as rebound in oil prices and growth in US manufacturing bolstered sentiment. US stocks closed lower in the previous trading session amid renewed concerns about the UK’s exit from the European Union and Deutsche Bank’s liquidity, undermining stronger-than-expected manufacturing data.

Post Session: D-St gives thumbs up to Fed outcome; Sensex ends 265 pts higher

22/09/2016 16:19

The Indian equities ended on robust note on Thursday, led by gains in index heavyweights such as ICICI Bank, Tata Steel, SBI, Hero MotoCorp, Maruti Suzuki, HDFC, Tata Motors, GAIL, ONGC and RIL, tracking firm cues from Asian peers after US Federal Reserve kept key short-term interest rate steady. Sustained inflows from foreign investors and across-the-board buying by the investors also helped market sentiments.

The 30-share BSE SENSEX closed at 28773.13, up by 265.71 points or by 0.93 per cent, and the NSE Nifty ended at 8867.45, up by 90.3 points or by 1.03 per cent.

In the bullish trade, the BSE Sensex touched intraday high of 28871.92 and intraday low of 28693.07 , while the NSE Nifty touched intraday high of 8893.35 and intraday low of 8837.8.

The top gainers of the BSE Sensex pack were State Bank of India (Rs. 257.35,+2.39%), Hero MotoCorp Ltd. (Rs. 3538.60,+2.27%), ICICI Bank Ltd. (Rs. 275.55,+2.19%), Adani Ports & Special Economic Zone Ltd. (Rs. 275.20,+2.06%), Asian Paints Ltd. (Rs. 1192.35,+1.97%), among others.

On the flip side Tata Consultancy Services Ltd. (Rs. 2377.65,-1.49%), Lupin Ltd. (Rs. 1528.30,-1.17%), Axis Bank Ltd. (Rs. 591.95,-1.01%), Coal India Ltd. (Rs. 327.70,-0.77%), Dr. Reddy’s Laboratories Ltd. (Rs. 3138.20,-0.45%), were among top losers on the BSE.

On the sectoral front, oil&gas and bankex stocks emerged as top gainers, adding as much as 1.51 per cent and 1.49 per cent respectively.

The Market breadth, indicating the overall strength of the market, was strong. On BSE out of total shares traded 3146, shares advanced were 1794 while 1106 shares declined and 246 were unchanged.

Market cap of top 8 Sensex firms jumps Rs 21,296 cr

Market cap of top 8 Sensex firms jumps Rs 21,296 cr

14/03/2016 15:33

The overall market capitalisation of eight of the top ten Sensex firms climbed by Rs 21,296 crore last week led by HDFC which emerged as the biggest gainer, while Infosys and CIL were the lone losers.

The market cap of HDFC jumped by Rs 4,777.47 crore to Rs 183,004.82 crore last week when the 30-share Sensex logged a second straight weekly gain, advancing by 72 points to end at 24,717.99 driven by robust foreign fund flows amid hopes that the RBI may cut interest rates as the government stuck to its fiscal prudence commitment, and on strong global cues after ECB’s robust easing measures and an oil price rally.

ITC witnessed an Rs 4,100.76 crore rise in its market value to Rs 258,187.17 crore last week while the market cap of ONGC surged by Rs 3,507.75 crore to Rs 175,473.10 crore.

The market capitalisation of RIL surged by Rs 3,012.13 crore to Rs 329,082.12 crore while that of drug major Sun Pharma climbed by Rs 2,539.03 crore to Rs 208,838.67 crore.

HDFC Bank’s market cap advanced by Rs 1,870.26 crore to Rs 259,928.45 crore last week while that of TCS jumped by Rs 1,369.45 crore to Rs 466,203.25 crore and that of HUL rose by Rs 119.01 crore to Rs 183,745.09 crore.