Tag: crude oil prices

‘Modi govt running like a profiteering company’

Addressing a 'Badlaav (change) Rally' at Samalkha in Panipat on Sunday, Surjewala said common man was being fleeced by the Modi government to fill up the coffers of the government.

September 10, 2018

Rupee hits fresh low; slips on crude oil prices

Analysts pointed out that caution ahead of key macro-economic data, coupled with a rise in demand for US dollars also dragged the rupee lower.

August 30, 2018

RBI raises repo rate, home loans to be costlier

In line with equity and financial markets expectations, the Reserve Bank of India’s six-member monetary policy committee on Wednesday increased its policy repurchasing or repo rate (at which it lends short-term loans to commercial banks) by 25 basis points or 0.25 per cent from 6.25 per cent to 6.50 per cent. This is the second …

Continue reading "RBI raises repo rate, home loans to be costlier"

August 2, 2018

Profit booking subdues equity indices

Disrupting the gaining momentum of the past three sessions, the equity market on Tuesday lapsed into consolidation mode as speculators hammered banking and metal stocks selectively to book profit ahead of Thursday’s scheduled square-up or rollover of F&O derivatives for May. Decline in the partially convertible rupee after Monday’s sharp rise also added selling pressure …

Continue reading "Profit booking subdues equity indices"

May 30, 2018

Crude oil prices, rupee push equity indices higher

Key equity indices made substantial gains for the third consecutive session on Monday, as a fall in global crude oil prices, as well as a rebound in rupee strength enhanced investors risk-taking appetite. According to market analysts, healthy buying was observed in capital goods, banking and oil and gas stocks. However, weakness in global markets …

Continue reading "Crude oil prices, rupee push equity indices higher"

May 28, 2018

OMC stocks down but Sensex up 103 points

Stocks of three main oil marketing companies, HPCL, BPCL and Indian Oil Corporation, slipped between 3 percent and 5.5 percent on Wednesday as global crude oil prices flared up — Brent Crude futures for July were up 2.5 percent at four-year high of $76.73 per barrel — post US President Donald Trump’s decision to withdraw …

Continue reading "OMC stocks down but Sensex up 103 points"

May 10, 2018