Page 51 - Crude Oil Price
ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend
Current trend in global oil & gas prices augurs well for ONGC, according to analysts.
 "ONGC up 3%, hits 4-month high post Q2 nos; board okays 35% interim dividend")
Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%
CLOSING BELL: Hero MotoCorp, HDFC Bank, Kotak Bank, ONGC, Bharti Airtel, and Dr Reddy's Labs, meanwhile, eked out gains up to 2.6 per cent
 "Sensex dips 420 pts on weak global cues; Aurobindo Pharma down 12%, TaMo 5%")
Analysts see a ray of hope for oil marketing firms after a difficult Q2
Although the Indian crude basket fell from an average of $109.5 per barrel in Q1 to an average of $97.87 a barrel in Q2, prices remained high in absolute terms
 "Analysts see a ray of hope for oil marketing firms after a difficult Q2")
Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%
CLOSING BELL: The Nifty50, meanwhile, shut shop at 18,157, down 46 points or 0.25 per cent
 "Sensex gyrates 537 points, ends 152 pts down; Nifty PSU Bank index rises 4%")
MCX Crude Oil may re-test Rs 7,700 soon; Natural Gas needs to hold Rs 518
On the downside, the MCX Crude Oil futures can decline to Rs 7,110-level. On the other hand, Natural Gas futures are likely to test support around Rs 487-level; the bias remains negative.
 "MCX Crude Oil may re-test Rs 7,700 soon; Natural Gas needs to hold Rs 518")
Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%
CLOSING BELL: A late rally on Dalal Street helped the benchmark indices end a lacklustre trading session on a positive note. Metals, select financial shares led the pullback.
 "Fag-end buying lifts Sensex 114 pts, Nifty above 18,100; Metal index up 4%")
Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%
CLOSING BELL: IT, Power stocks logged significant losses, even as select financial stocks gained.
 "Sensex recoups 350pts from day's low, ends flat; Nifty holds 18K; SBI up 2%")
Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision
Market Wrap: Bharti Airtel, Maruti, HCL Technologies and Hindustan Unilever were the prominent losers, while ITC and Sun Pharma finished with steady gains.
 "Sensex snaps 4-day winning run, slips 215 pts ahead of US Fed rate decision")
Oil prices increase on demand hopes after US crude stocks drawdown
The potential disruption from the European Union embargo on Russian oil that is set to start on December 5 may also be pushing prices higher.
 "Oil prices increase on demand hopes after US crude stocks drawdown")
Oil prices rise on demand optimism after US crude stocks drawdown
Brent crude futures rose $1.13, or 1.2%, to $95.78 a barrel at 0441 GMT, while U.S. West Texas Intermediate (WTI) crude futures rose $1.26, or 1.4%, to $89.63 a barrel
 "Oil prices rise on demand optimism after US crude stocks drawdown")
Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead
MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.
 "Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead")
Oil prices edge lower as China's extensive Covid-19 curbs dampen demand
Brent crude for January delivery was down 4 cents at $92.77 a barrel at 0112 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%
Why India may have to rework Russian oil purchase if a price cap is imposed
India will have to follow a delicate balancing act if the West imposes a pricing limit on supplies from Moscow
 "Why India may have to rework Russian oil purchase if a price cap is imposed")
Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally
CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent
 "Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally")
Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%
Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said
 "Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%")
F&O expiry: Sensex rises 213 pts, Nifty holds 17,750; metals rally, IT slip
CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners
 "F&O expiry: Sensex rises 213 pts, Nifty holds 17,750; metals rally, IT slip")
Centre to receive Rs 40,000 crore from windfall tax, half from private cos
The windfall taxes were imposed in July and will only be removed if the price of oil falls below $70-75 per barrel
 "Centre to receive Rs 40,000 crore from windfall tax, half from private cos")
Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%
CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent
Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years
Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.
 "Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years")
Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong
CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$
 "Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong")