Page 52 - Crude Oil Price
Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$
CLOSING BELL: HDFC, Nestle India, ITC, RIL, Axis Bank, and Ultratech Cement were the top gainers
 "Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$")
MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
 "MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420")
Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak
CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each
 "Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak")
Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%
CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent
 "Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%")
Centre hikes windfall tax on domestic crude oil, jet fuel and diesel export
The govt has hiked tax on domestically produced crude oil to Rs 11,000 per tonne from Rs 8,000 per tonne.
 "Centre hikes windfall tax on domestic crude oil, jet fuel and diesel export")
Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine
CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.
 "Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine")
Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
 "Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%")
Oil prices rise on tight supplies, as IEA warns of global recession
The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd
 "Oil prices rise on tight supplies, as IEA warns of global recession")
Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100
CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.
 "Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100")
Oil prices decline as dollar gains, US inflation data in spotlight
Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data
Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%
CLOSING BELL: Sectorally, apart from the BSE IT index, which declined 2 per cent, the Consumer Durables, Metal and Realty indices were the other major losers
 "Sensex sheds 844pts in late sell-off, Nifty breaks 17,000; IT index down 2%")
Oil falls as China demand concerns fuel recession fears
Economic slowdown in China, world's second-largest oil consumer, adds to rising concerns about possible global recession triggered by numerous central banks raising interest rates to combat inflation
India's fuel demand slips to 10-month low in September: Government data
India's monthly fuel demand in September was at the lowest since November 2021, government data released on Friday showed
 "India's fuel demand slips to 10-month low in September: Government data")
Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up
CLOSING BELL: IT, select auto and banking stocks aided the market recovery on Monday. TCS gained nearly 2 per cent ahead of its Q2 result.
 "Sensex swings 760 pts, ends 200 pts down; Nifty holds 17,200; IT stocks up")
How will OPEC production cuts affect India?
The decision by OPEC+ to impose larger-than-expected output cuts in a bid to spur a recovery in crude prices could become a cause for concern for India. Let's delve into its possible impact on India
 "How will OPEC production cuts affect India?")
Analysts expect fuel prices to go up if global prices rise further
Brent crude oil prices remained near three-week highs of $92.9 per barrel as of late Thursday
 "Analysts expect fuel prices to go up if global prices rise further")
Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall
Prices also rose on US government data that showed crude and fuel inventories fell last week
 "Oil rises to 3-week high as OPEC+ agrees to deep cuts, US stockpiles fall")
Oil maintains most of recent gains asf OPEC+ heads for deep supply cuts
Oil has risen so far this week in anticipation of the largest output cut by OPEC+ since the depths of the COVID-19 pandemic in 2020, said Fiona Cincotta, senior financial markets analyst at City Index
 "Oil maintains most of recent gains asf OPEC+ heads for deep supply cuts")
Oil prices inch lower ahead of a meeting of OPEC+ producers on supply cut
Oil prices moderated very slightly on Wednesday after gaining more than 3% in the previous session ahead of a meeting of OPEC+ producers to discuss a big cut in crude output
 "Oil prices inch lower ahead of a meeting of OPEC+ producers on supply cut")
Indian refiners scout for oil deals ahead of EU ban on Russian crude:Report
Indian Oil Corp and Bharat Petroleum Corp are seeking term deals with countries, including the United States, industry sources said
 "Indian refiners scout for oil deals ahead of EU ban on Russian crude:Report")