SARAVANA STOCKS PRIVATE LIMITED

Saturday 17 Nov, 2018 08:31 PM

Infibeam Avenues Ltd leads losers in 'A' group Deepak Fertilisers drops as IT Department carries search operations Take Solutions Ltd leads losers in 'B' group Volumes jump at Bajaj Holdings & Investment Ltd counter South Indian Bank Ltd eases for fifth straight session Central Bank of India drops for fifth straight session Infibeam Avenues Ltd down for fifth straight session Dabur India Ltd soars 1.13%, Gains for third straight session Dr Reddys Laboratories Ltd spurts 0.36%, up for five straight sessions Shilpa Medicare advances after securing USFDA approval Venus Remedies Ltd leads gainers in 'B' group Swan Energy Ltd leads gainers in 'A' group Volumes jump at Mindtree Ltd counter SRF gains after commissioning chemical complex Punjab & Sind Bank inches higher after setting MCLR

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PSU OMCs jump after crude oil prices tumble

12-Jul-18 09:53 Hrs IST

HPCL (up 4.55%), Indian Oil Corporation (up 3.96%) and BPCL (up 3.93%), edged higher.

The S&P BSE Sensex was up 248.61 points, or 0.69% at 36,514.54.

Lower crude oil prices could reduce under-recoveries of public sector oil marketing companies (PSU OMCs) on domestic sale of LPG and kerosene at controlled prices. The government has already freed pricing of petrol and diesel.

Oil prices fell sharply on Wednesday on news that Libya was suddenly set to restore hundreds of thousands of barrels per day, and the US struck a softer line on Iran sanctions.

In the global commodities markets, Brent for September 2018 settlement was up $1.25 at $74.65 a barrel. The contract had fallen $5.46 a barrel or 6.92% to settle at $73.40 a barrel during the previous trading session.

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