SARAVANA STOCKS PRIVATE LIMITED

Friday 21 Sep, 2018 11:23 AM

Volumes spurt at DCB Bank Ltd counter Reliance Nippon Life Asset Management Ltd leads losers in 'A' group Rolta India Ltd leads losers in 'B' group Volumes soar at Dena Bank counter GAIL (India) Ltd soars 2.63%, rises for third straight session Divis Laboratories Ltd spurts 0.77%, up for fifth straight session TVS Motor Company Ltd spurts 0.14%, gains for five straight sessions PG Electroplast Ltd leads gainers in 'B' group DCM Shriram Ltd leads gainers in 'A' group Volumes spurt at Dena Bank counter Bank of Baroda leads losers in 'A' group Rolta India Ltd leads losers in 'B' group Volumes jump at Vijaya Bank counter Hindustan Copper Ltd rises for third straight session Den Networks Ltd gains for third consecutive session

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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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