Mood on D Street changed after Moody's Analytics said India's economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year

Stock market rally, bull trading, Sensex, nifty

<div>
	<strong>Stock market updates</strong>: Images on investors&#39; trading screens turned around 180 degrees by the end of the session on Friday as bulls fought back to lift indices over a per cent higher. A drop in the US Treasury yield and a GDP growth upgrade by Moody&#39;s for India helped the markets snap 5-day losing streak.</div>
<br>
<div>
	Tracking sluggishness in the global markets, the domestic equity markets opened in a sea of red with the frontline indices dropping over a per cent. The dip was, however, quickly bought-into, pushing markets in the positive territory in less than 120 minutes into the trade.&nbsp;</div>
<br>
<div>
	Mood in the global markets changed after the US Treasury yields slipped to 1.5 per cent from Thursday&#39;s high of 1.74 pe cent. Back home, Moody&#39;s Analytics said India&#39;s economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year as near-term prospects have turned more favourable.&nbsp;</div>
<br>
<div>
	Consequently, bulls reigned on Dalal Street for the first time in six days riding on the back of FMCG and metal counters. Both, the Nifty FMCG and Metal indices, ended over 2 per cent higher each, followed by gains in the Nifty Pharma and PSU Bank indices, up over 1 per cent. Other indices settled with less than a per cent gains, while the Nifty Realty index ended in the red, down 0.7 per cent.</div>
<br>
<div>
	Among the key headline indices, the 50-share barometer on the NSE closed above the 14,700-mark at 14,744 levels, up 186 points or 1.28 per cent. The 30-share benchmark Sensex, on the other hand, advanced 642 points, or 1.3 per cent, to end at 49,858 levels. In the intra-day deals, the Sensex and the Nifty touched 50,003 and 14,788, respectively jumping 1,416 and 350 points from day&#39;s low.</div>
<br>
<div>
	Individually, HUL, Power Grid, JSW Steel, Tata Steel, NTPC, UPL, Reliance Industries, Divis Labs, Gail, and UltraTech Cement were the top gainers on the Nifty, while L&T, Coal India, Tech M, Bajaj Auto, Titan, and ONGC ended as the top laggards.</div>
<br>
<div>
	In the broader markets, the S&P BSE MidCap and SmallCap indices closed 1.35 per cent and 0.4 per cent higher, respectively.</div>
<div>
	<br />
	&nbsp;</div>
<br />

Bulls return to D-St after 6 days; Sensex up 642 pts, Nifty tad below 14750

Business Standard

Covid-19 cases have risen to their highest level in around four months. From less than 200 cases across India at the end of February, India reported 1,134 cases on March 21st

PM Modi

India's largest gas distributor is seeking the cargo for delivery to the Dabhol terminal between Oct. 19-31


Surge in demand for Covishield led to a huge spike in its revenues and profits

Serum Institute

For Nvidia, whose graphics processors are vital to the development of artificial intelligence systems, the South Asian nation of 1.4 billion people presents a rare opportunity


Rama Rao also blamed PM Modi for doing favours to Gautam Adani by way of privatising government companies


Union Jal Shakti Minister Gajendra Singh Shekhawat had filed a criminal defamation lawsuit against the chief minister for allegedly claiming Shakawat was involved in the Sanjeevani scam


The Advocates Amendment Bill, 2023, to amend the Advocates Act, 1961, was earlier passed in the Rajya Sabha


Day 3 of Parliament's special session will commence today. Catch all the latest updates from the session here


Assam Chief Minister Himanta Biswa Sarma on Tuesday launched the Mission Lifestyle for Environment' (LiFE) in the state, a global mass movement under the leadership of Prime Minister Narendra Modi.
Sarma said it promotes an environmentally conscious lifestyle, focusing on utilisation instead of wasteful consumption.
Under this initiative, week-long activities will be carried out across all districts, addressing seven identified categories, including saving energy and water, reducing plastic and e-waste, and healthy lifestyles, he said.
Sarma said in known and unknown ways we work against nature creating problems for humanity, leading to challenges with which humans, plants and the animal kingdom have to deal.
Earlier, we could predict the seasonal changes but now things have changed mostly due to loss of green cover, wetlands and other natural bodies, and many research papers have pointed out that North East India will face severe impacts of climate change, the CM said.
Over the l

Guwahati: Assam Chief Minister Himanta Biswa Sarma speaks during a press conference organised to commemorate the completion of 8 years of Prime Minister Narendra Modi's BJP-led government at the centre, at BJP state office in Guwahati, Wednesday, Jun

Himanta Biswa Sarma

Reasons like the proliferation of smartphones and access to the internet in smaller towns have also helped push up demand


Ties between India and Canada deteriorated sharply after New Delhi and Ottawa expelled one of the other's diplomats in a dispute over the murder of a Sikh separatist leader


Russia-Ukraine War

The year 2022 is coming to an end and a lot has happened that shaped the world in the year. Let's have a look at some of these significant events

In February 2022, Russia attacked Ukraine&amp;#39;s capital, Kyiv, from the north in an attempt to overthrow President Volodymyr Zelensky&amp;#39;s government. In the months following, artillery bombardment and street fighting continued, with Russia seizing multiple cities.

&amp;nbsp;

After a slew of scandals in his term spanning three years, UK Prime Minister Boris Johnson resigned from office in July. Johnson was succeeded by Liz Truss, who took over the office in September.
						
						But after 45 days in the office, she resigned, becoming the shortest-serving PM in UK history. Her budgetary plans, at the centre of which were tax cut plans, had crashed the markets, making her lose the confidence of almost all her own MPs.
						
						In the days that followed, Rishi Sunak took over as Britain&amp;#39;s 57th prime minister and vowed to fix the mistakes made by his predecessor, Liz Truss.

Russia Invades Ukraine

In April, protests began in the nation following a sharp rise in food and fuel costs. Thousands demanded the resignation of now-ousted President Gotabaya Rajapaksa. The people faced long power cuts daily and shortages of basics, including fuel and food. Sri Lanka&amp;#39;s doctors said they were nearly out of life-saving medicines.
						
						Rajapaksa&amp;#39;s government was being blamed for the chronic mismanagement of the country&amp;#39;s finances. In July, protestors stormed Rajapaksa&amp;#39;s home, pushing him to flee the nation before resigning from office.

UK&amp;#39;s political crisis

In September, 22-year-old Iranian girl Mahsa Amini died after being detained for allegedly violating Iran&amp;#39;s laws requiring women to wear a headscarf. Authorities said she died of illness, but her family claimed she fell into a coma after being mistreated by the police. Sources said the police beat Amini with a baton and banged her head against a vehicle. At her funeral on September 17 in Saqez, women protested by ripping off their hijabs. Protests sparked by her demise have since roped in ethnic minorities and even school children. Thousands of women since then have been showing solidarity by cutting their hair and burning their hijabs in public.
						
						Now, the unrest has spread beyond a women&amp;#39;s right to a movement that is calling for an end to theocratic rule. The protests are now the most broadly supported movement in Iran in over four decades.

Sri Lanka economic crisis

In October, Chinese President Xi Jinping was handed a historic third term in office. He became the first leader of the ruling Communist Party after party founder Mao Zedong to get a third term in power.
						
						This came as China&amp;#39;s economy was running out of steam after decades of high growth. Many expect Xi&amp;#39;s third term may see China revert to more old-school economic management, focusing on shoring up the heavy industry and continuing a crackdown on big tech.

Uprising mounts again in Iran

In a historic first, rich countries agreed to pay for losses and damages caused by climate change. For 30 years, developing nations have been calling for developed countries to compensate for the costs of climate disasters caused by climate change. And rich nations that caused the pollution resisted the demand. But this changed in 2022.

Chinese President Xi Jinping starts record third term in power

In 2022, inflation was rising worldwide, with food and energy prices hitting record highs. The hike was mainly driven by pent-up consumer demand after the pandemic and Russia&amp;#39;s invasion of Ukraine. As the pandemic waned, people wanted to return to normalcy and spend more. This led to companies demanding higher prices. Companies also hired more to serve the pent-up demand. They had to increase wages to attract workers and raise prices to compensate for that.

A landmark deal UN Climate Change Conference (COP27)

In September, Queen Elizabeth II, Britain&amp;#39;s longest-serving monarch, died at 96 after reigning for 70 years. Many said her death would mark a turning point for commonwealth nations as many may disassociate themselves.

The global economy at crossroads

In October, Brazil&amp;#39;s former president, Luiz In&amp;aacute;cio Lula da Silva beat Jair Bolsonaro in the country&amp;#39;s closest presidential race in history. Silva&amp;#39;s win marked Latin America&amp;#39;s shift to the left and pointed to an extraordinary comeback for a man in jail for corruption three years ago.

Queen Elizabeth II dies

In October, billionaire Elon Musk closed his $44 billion deal to buy Twitter after months of dilly-dallying, drama and a lawsuit. The Tesla owner&amp;#39;s Twitter takeover is also one of the biggest tech acquisitions of all time. May fear that Musk&amp;#39;s takeover may turn the social media giant into a hotbed of hate speech.
					
						&amp;nbsp;

Brazil elections

Google Messages

In January, Google rolled out end-to-end encryption in group chats for messages app users enrolled in the beta programme

Blend launches Blend Studio: AI tool for ecommerce photography

New Delhi [India], March 16 (ANI/PNN): Blend, an AI-powered design and photography application for DTC brands and ecommerce sellers, recently launched Blend Studio - the Chat GPT for product photos.

Celebrity and Travel Photographer Rahul Lokare from Flamingo Productions creates waves of change in the world of photography.

Xiaomi 13 Pro

Priced at Rs 79,999 for the 12GB RAM and 256GB on-board storage, the Xiaomi 13 Pro offers a novel imaging experience on top of a premium package

TECH VIEW :: Rohit Singre, Senior Technical Analyst at LKP Securities

<div>
	Index closed a day on a positive note at 14745 with gains of more than one per cent and formed bullish piercing candle pattern on the daily chart which stands for a bullish reversal. Once nifty cross above 14800 zone bullish piercing pattern will get active and we may see a good move towards immediate hurdle zone of 14900-15000, supports still at 14650-14580 zone holding above said levels structure can be positive</div>

MARKET CLOSING COMMENT :: Vinod Nair, Head of Research at Geojit Financial Services

<div>
	The highly volatile domestic markets witnessed a smart recovery from its morning weakness and was swinging between gains and losses during the day owing to strong buying seen in FMCG, Pharma and Energy stocks. However, auto stocks were under pressure after the announcement of the government&#39;s new scrapping policy. The unsettling pace of U.S bond yields and a surge in COVID cases worldwide resulted in the global markets trading deep in red</div>
<div>
	&nbsp;</div>

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161493263679.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161492309157.jpg

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161491320938.jpg

Among the key headline indices, the 50-share barometer on the NSE closed above the 14,700-mark at 14,744 levels, up 186 points or 1.28 per cent. The 30-share benchmark Sensex, on the other hand, advanced 642 points, or 1.3 per cent, to end at 49,858 levels. In the intra-day deals, the Sensex and the Nifty touched 50,003 and 14,788, respectively jumping 1,416 and 350 points from day&#39;s low.

Aarti Drugs advances 15% as board approves buyback at Rs 1,000 per share

The stock of the pharmaceutical company bounced back 17 per cent from the day&rsquo;s low of Rs 670. At 03:00 pm; it was trading 10.5 per cent higher at Rs 755, as compared to a 1.4 per cent rise in the S&amp;P BSE Sensex. Trading volumes on the counter jumped an 10-fold with a combined 6.9 million equity shares changing hands on the NSE and BSE. <a href="https://www.business-standard.com/article/markets/aarti-drugs-advances-15-as-board-approves-buyback-at-rs-1-000-per-share-121031900668_1.html" target="_blank"><strong>READ MORE</strong></a>

Burger King, PVR: Avoid these stocks as India sees second wave of Covid-19

Even before completing one year of Covid-19 lockdown, announced on March 24, 2020, India is seeing Covid-19 related restrictions including night curfews across various states, and mandatory institutional quarantine after inter-state travels back in place. In a recent turn of events, the Bombay Municipal Corporation (BMC) on Friday ordered mandatory negative (COVID) test reports for mall visitors in Mumbai. <a href="https://www.business-standard.com/article/markets/burger-king-pvr-avoid-these-stocks-as-india-sees-second-wave-of-covid-19-121031900614_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2020-12/14/full/1607946444-5526.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
<br />

Strong rebound! Sensex jumps over 700 points

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161465907987.png

Godrej Properties hits 7-week low; shares fall below QIP price of Rs 1,450

<div>
	Shares of Godrej Properties (GPL) slipped 5 per cent to hit a seven-week low of Rs 1,273 on the BSE in Friday&#39;s intra-day trade, extending its decline to 17 per cent thus far in the month of March. The stock of Mumbai-based real estate developer was quoting lower for the sixth straight trading day. It has corrected 19 per cent from its 52-week high level of Rs 1,573 touched on March 1 and was currently trading at its lowest level since February 1. <a href="https://www.business-standard.com/article/markets/godrej-properties-hits-7-week-low-shares-fall-below-qip-price-of-rs-1-450-121031900603_1.html?1616145631" target="_blank"><strong>READ MORE</strong></a><br />
	<div style="float: left; max-width: 600px;">
		<img align="" alt="real estate, houses, properties, construction, home" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2018-01/12/full/1515701987-6555.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="real estate, houses, properties, construction, home" width="620" /></div>
</div>
<br />

NEWS ALERT :: Aarti drugs approves buyback at Rs 1000/share

The Buyback of up to 6,00,000 fully paid-up equity shares of face value of Rs. 10/- (Rupees Ten only) each of the Company, representing up to 0.64% of the total number of equity shares, at a price of Rs. 1,000 per share (including premium of Rs. 990/- per Equity Share) payable in cash for an aggregate amount of up to Rs 60 crore.<br />
<br />
<a href="https://www.bseindia.com/xml-data/corpfiling/AttachLive/f1468639-93e9-4695-bccf-f836f62bc9a6.pdf" rel="nofollow" target="_blank"><em>Click here for details</em></a>

India's economy may grow at 12% in 2021: Moody's

<div>
	India&#39;s economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year, as near-term prospects have turned more favourable, Moody&#39;s Analytics said.</div>
<div>
	&nbsp;</div>
<div>
	A stronger than expected December quarter GDP growth of 0.4 percent following a 7.5 percent contraction in the previous three months has turned India&#39;s near-term prospects more favourable, it said.<br />
	<br />
	Moody&#39;s saw real GDP growth of 12 percent in the 2021 calendar year, partially due to a low base-year comparison.<br />
	<br />
	<em>(Source: PTI)</em></div>

Market Check :: Sensex extends gains, rises over 500 points

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161448670009.png

Stelis Biopharma raises $195 mn for vaccination unit, contract business

The company will use the money to scale up its vaccine unit in Bengaluru to cater to multiple vaccine types including viral vector, protein subunit, RNA and DNA. The unit will manufacture up to 800 million doses of vaccines annually, including Covid-19 vaccines. The company will also use the money for its contract manufacturing business, including ramping up a process development lab, other technical capabilities and debt servicing. <a href="https://www.business-standard.com/article/companies/stelis-biopharma-raises-195-mn-for-vaccination-unit-contract-business-121031900543_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />

MARKET UPDATE:: RIL, ITC among top contributors to Sensex's gain today

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161440919872.jpg

Bond market update :: US Treasury yield declines

US 10-year bond yield dips sharply to 1.67% vs yesterday&#39;s high of 1.75%

Why a ban on cryptocurrency could have dire consequences for India

In the 1970s and 80s, at the height of what was known as the License Raj, Indians could only hold foreign currency for a specific purpose and with a permit from the central bank. If a businessman bought foreign exchange to spend over two days in Paris and one in Frankfurt, and instead spent two days in Germany, the Reserve Bank of India would demand to know why he&rsquo;d deviated from the currency permit. Violators were routinely threatened with fines and jail time of up to seven years. <a href="https://www.business-standard.com/article/economy-policy/why-a-ban-on-cryptocurrency-could-have-dire-consequences-for-india-121031900168_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2021-03/19/full/1616125349-3391.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="" width="620" /></div>
<br />

<em><strong>(Source: Reuters)</strong></em><br />
<br />

https://bsmedia.business-standard.com/_media/bs/img/live-blog/full/16161425690576.jpg

Pharma stocks trade largely higher in an otherwise volatile market

<div class="table" style="box-sizing: border-box; margin: 0px; padding: 10px; color: rgb(0, 0, 0); font-family: Arial, Helvetica, sans-serif; font-size: 14px;">
	<table border="1" cellpadding="1" cellspacing="1" class="table-txt-right" style="text-align: right;width: 620px" width="100%">
		<thead>
			<tr style="box-sizing: border-box;">
				<th class="tdh tdL" scope="row" style="box-sizing: border-box; font-weight: 700; text-transform: uppercase; font-family: Roboto; font-size: 13px; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
					Company</th>
				<th class="tdh" scope="col" style="box-sizing: border-box; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px;">
					LATEST(rs)</th>
				<th class="tdh" scope="col" style="box-sizing: border-box; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px;">
					CHG(%)</th>
			</tr>
		</thead>
		<tbody style="box-sizing: border-box;">
			<tr class="int" style="box-sizing: border-box;">
				<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
					<a href="https://www.business-standard.com/company/14801" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Biocon</a></th>
				<td class="amount" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase;">
					395.60</td>
				<td class="amount gren-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: green !important;">
					1.57</td>
			</tr>
			<tr class="int" style="box-sizing: border-box;">
				<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
					<a href="https://www.business-standard.com/company/1973" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">IOL Chemicals</a></th>
				<td class="amount" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase;">
					576.45</td>
				<td class="amount red-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: rgb(224, 46, 46) !important;">
					-0.26</td>
			</tr>
			<tr class="int" style="box-sizing: border-box;">
				<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
					<a href="https://www.business-standard.com/company/12632" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Granules India</a></th>
				<td class="amount" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase;">
					307.05</td>
				<td class="amount gren-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: green !important;">
					0.29</td>
			</tr>
			<tr class="int" style="box-sizing: border-box;">
				<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
					<a href="https://www.business-standard.com/company/4666" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Aurobindo Pharma</a></th>
				<td class="amount" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase;">
					821.60</td>
				<td class="amount gren-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: green !important;">
					1.83</td>
			</tr>
			<tr class="int" style="box-sizing: border-box;">
				<th class="tdL" scope="row" style="box-sizing: border-box; font-family: Roboto; font-size: 13px; font-weight: 700; text-transform: uppercase; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-align: left !important;">
					<a href="https://www.business-standard.com/company/4325" style="box-sizing: border-box; color: rgb(0, 0, 0); text-decoration-line: none; outline: 0px; font-weight: 400; text-transform: capitalize !important;">Sun Pharma.Inds.</a></th>
				<td class="amount" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase;">
					577.75</td>
				<td class="amount gren-txt" style="box-sizing: border-box; border-bottom-style: solid; border-bottom-color: rgb(226, 226, 226); padding: 8px 5px; text-transform: uppercase; color: green !important;">
					0.57</td>
			</tr>
		</tbody>
	</table>
</div>
<a class="more-btn Tright mT5" href="https://www.business-standard.com/stocks/market-statistics/bse/most-active-volume?search&amp;sector-id=Pharmaceuticals&amp;indices=All" style="box-sizing: border-box; color: rgb(195, 19, 22); outline: 0px; margin-top: 15px; font-family: Georgia, &quot;Times New Roman&quot;, Times, serif; font-style: italic; display: block; font-size: 14px; text-align: right !important;">&raquo; More</a>

Progress on BPCL privatisation, but need for further clarity: Fitch Ratings

Fitch Ratings on Friday said there is more visibility on BPCL privatisation, but there is still little information on potential restrictions for the new owner in relation to employee protection, asset stripping, and investment lock-in. Also, there is a need for further clarity on the future of subsidies paid to BPCL&#39;s customers on the sale of LPG and kerosene as well as the freedom on the pricing of petrol and diesel before the divestment can conclude, it said. <a href="https://www.business-standard.com/article/companies/progress-on-bpcl-privatisation-but-multiple-steps-remain-fitch-ratings-121031900460_1.html" target="_blank"><strong>READ MORE</strong></a><br />
<br />
<div style="float: left; max-width: 600px;">
	<img align="" alt="Bharat Petroleum, BPCL" class="imgCont" height="464" src="https://bsmedia.business-standard.com/_media/bs/img/article/2017-11/24/full/1511491125-1099.jpg" style="border: 1px solid #DDD; margin-right: 10px; padding: 1px; float: left; z-index: 0; width:100%" title="Bharat Petroleum, BPCL" width="620" /></div>
<br />

Heatmap

Bulls return to D-St after 6 days; Sensex up 642 pts, Nifty tad below 14750

Mood on D Street changed after Moody's Analytics said India's economy is likely to grow by 12 per cent in CY2021 following a 7.1 per cent contraction last year

Explore News