ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts. Shares of Indian upstream oil companies rallied up to 4 per cent on the BSE in Tuesday’s intra-day trade. Individually, Oil…
During the day, the BSE Sensex made a high of 78,270.42, up 1,423 points, or 1.85 per cent. Likewise, the NSE Nifty50 gained 439 points, or 1.84 per cent to hit a high of 24,280.90 levels. Indian equity benchmark indices Sensex and Nifty witnessed a sharp rebound on Wednesday, April 15, amid optimism over the…
Nifty IT index has plunged 21% in February so far, and is poised for its worst monthly performance in nearly 23 years. This has also weighed on the performance of the Indian stock market’s benchmark index, as the IT companies command over 10% weightage. IT stocks witnessed a breather on Wednesday, February 25, in an…
The Securities and Exchange Board of India (Sebi) is planning further relaxations to make the registration process easier for foreign portfolio investors (FPIs), including a common know-your-client (KYC) framework and smoother documentation through India Digital Signature. Over the past year, the market regulator has introduced several measures to ease FPI onboarding, including relaxations for…
Market crash: Sensex ended 29 pts lower at 75,967 and Nifty closed 14.20 pts lower at 22,945 on Tuesday. The minor correction in the current session comes after a day of gains preceded by eight sessions of losses. The ongoing correction dragged the market cap of BSE-listed firms below Rs 4 lakh crore (on…