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Oil India Shares Recover After Yesterday's 10% Slump
Oil India Share Price Today
Explained - Why have ONGC, Oil India been under pressure and what lies ahead
The new effective royalty rate of 13.33% on crude production from onshore fields, which is higher than the 10% announced on May 8. The new rate is still lower than the 16.67% rate applicable before. That is one of the reasons behind the sell-off in both ONGC and Oil India.
IOC, BPCL, HPCL Shares Decline As Crude Oil Price Climbs To $95 Per Barrel Amid US-Iran Tensions
On the NSE, shares of IOCL last traded 1.14% lower at Rs 135.32, BPCL traded 1.70% lower at Rs 283.70, and HPCL shares were last down 2.27% at Rs 365.80 apiece on the index.
3i Infotech gains after securing Rs 37-crore HPCL order
3i Infotech rallied 4.97% to Rs 17.32 after the company announced that it had secured a purchase order worth Rs 37.05 crore from Hindustan Petroleum Corporation (HPCL).
Nifty Opens Lower as Oil Surges Above $94, Rupee Weakens; Sensex Flat - Investing.com India
Nifty Opens Lower as Oil Surges Above $94, Rupee Weakens; Sensex FlatInvesting.com India
Sensex tumbles 350 points, Nifty below 23,150 as Iran shuts Strait of Hormuz after US strikes. What lies ahead?
Indian stock markets experienced a downturn on Thursday, with Sensex and Nifty both declining by 0.6%. Renewed Middle East tensions and the closure of the Strait of Hormuz led to a spike in oil prices, unsettling investors. Major indices and broader markets saw losses, with IT and Auto sectors leading the decline.
Rupee falls 25 paise against dollar in early trade: What's weighing on the currency
Indian rupee opens weaker as Brent crude surges after Iran US conflict escalates, RBI steps up support while markets watch oil prices and global risk trends.
India fertilizer offers sink in sign of easing supply strain
India's urea import prices have dropped sharply, less than half of April's rates. This indicates global fertilizer supply issues are easing. The country is securing large quantities of urea for its monsoon sowing season. However, India is also increasing its spot purchases of liquefied natural gas for domestic urea production, facing higher costs for this vital feedstock.
Rupee opens 25 paise lower at 95.52 against US dollar
The rupee fell 25 paise to 95.52 against the US dollar amid escalating US-Iran tensions and rising crude oil prices, raising concerns about India's inflation and external balance. The RBI's intervention aims to stabilize the currency, but sustained support is needed alongside moderating oil prices.
Asian shares decline after another AI-led sell-off drags Wall Street lower
Shares are mostly lower in Asia following another sell-off of artificial-intelligence stocks that dragged the US market sharply lower. US futures advanced and oil prices gained more than USD 1 a barrel. Tokyo's Nikkei lost 0.5 per cent to 63,878.60, while the Kospi in South Korea was also down 0.2 per cent, at 7,720.75. Hong Kong's Hang Seng edged 0.2 per cent higher, to 24,468.82, but the Shanghai Composite index fell 0.2 per cent to 3,983.80. In Australia, the S&P/ASX 200 likewise shed 0.2 per cent to 8,632.50. Taiwan's Taiex slipped 0.4 per cent. On Wednesday, Wall Street's former superstars continue to face heavy scrutiny. The S&P 500 dropped 1.6 per cent for its first back-to-back drop in three weeks. Closing at 7,266.99, it's back to where it was in early May. The Dow Jones Industrial Average tumbled 953 points, or 1.9 per cent, to 49,918.78. The Nasdaq composite led the market lower with a 2 per cent slide, to 25,169.50. Wall Street has been shaky since last week, when
Asian markets today: Nikkei, Kospi crash up to 4% as US-Iran war escalates, crude oil prices rise
Asian markets today: Japanese government bond (JGB) yields also climbed on inflation concerns. The benchmark 10-year JGB yield rose 1 bp to 2.690%. The 30-year yield added 2 bps to 3.870%.
