Shares of oil marketing companies led by HPCL surged up to 5.2 percent today on falling crude oil prices in the global markets.
Domestic petrol prices, which had hit record levels for 16 consecutive days in May, have been on the reverse trend for the last 13 days.
Crude oil futures eased 0.49 per cent to Rs 4,423 per barrel today as speculators reduced their positions amid a weakening trend in Asian markets.
"...IIP (Index of Industrial Production) would be watched closely for an ongoing economic expansion."
Union oil minister Dharmendra Pradhan today voiced optimism that petroleum products will be brought under the GST purview that will help in checking volatility in fuel prices.
Crude oil prices strengthened by 0.74 per cent to Rs 4,374 per barrel in futures trading today as speculators raised their bets, tracking a firming trend overseas.
Bankers said that the Reserve Bank's decision to hike policy rate by 25 basis points will anchor inflationary expectations and policy rate transmission would happen in the coming days.
The Reserve Bank said today that securities issued by each state government should be valued based on observed prices.
In the wake of continuing rise in bond yields, the Reserve Bank today allowed banks to spread their mark-to-market (MTM) losses for the June quarter as well.
Highlights of the second bi-monthly monetary statement for 2018-19.
Minority investors divided over changes at ICICI bank
Fund managers seek clarity on governance & leadership for investment decisions
Kochhar's fully paid leave raises questions
Proxy advisory firm raises questions on remuneration
Will issue 5.1% equity shares worth Rs 746 Cr to investors, priced at Rs 1,661/sh
IIFL's wealth management business valued at Rs 14,600 Cr
Investors include Amansa holdings, General Atlantic Singapore & HDFC Standard Life
Gets final USFDA approval for Generic Sustiva
U.S. Sales stood at approximately $105 Mn in a 12 month period, ending in April 2018
Nerolac to enter share purchase agreement with RAK paints in Bangladesh
Will acquire 55% paid up equity share capital in RAK paints for Rs 45.8 Cr
Acquisition to be complete by 31st July 2018
UPL consortium said to be in talks to buy platform's agri pesticide unit Arysta Lifescience
UPL to team up with Abu Dhabi investment authority for Arysta Lifescience
UPL group's talks for Arysta Lifescience unit said to be in advanced stages