Tuesday, November 13, 2018, 5:55 PM
Mutual funds received around Rs 7,900 crore of assets through systematic investment plans (SIP) in October, 42 percent higher than last year. SIP inflows stood at Rs 7,727 crore in the preceding month. The upward trend came despite sustained selling pressure in domestic equity markets during September and October. The BSE Sensex fell 6.44 percent in September and 5 percent in October.
Friday, November 9, 2018, 10:47 AM
In the space of about a month, oil has gone from riding a rocket toward $100 to slumping into a bear market. Futures fell 1.6% in New-York, extending a decline from its October high to 21%. A further drop would make it the longest-ever streak of losses. Oil's retreat has increased pressure on OPEC and its allies to cut-supply just months after adding barrels.
Tuesday, November 6, 2018, 12:36 PM
State-run Oil and Natural Gas Corp. Ltd's (ONGC's) net profit of 8,265 crore was nearly 15% ahead of consensus estimates of analysts polled by Bloomberg. But investors were unmoved. The ONGC stock declined by 1.6%, a day when the benchmark Sensex lost 0.2%. What gives? For one, "other income" was higher than analysts expectations. Besides, domestic crude oil production declined by 6% year-on-year.
Tuesday, October 9, 2018, 12:25 PM
Crude oil prices rose 0.67% to Rs.5,531 per barrel in futures market as speculators created fresh bets, taking positive cues from Asian markets. In futures trading at the Multi Commodity Exchange, crude oil for delivery this month rose Rs.37, or 0.67%, to Rs.5,531/barrel in a business turnover of 1,591 lots.
Thursday, September 27, 2018, 2:34 PM
On Wednesday, the government hiked import duties on 19 categories of "non-essential items" ranging from refrigerators and washing machines to luxury items like diamonds. The move is an effort by the government to check India's widening current account deficit resulting from increasing global crude oil prices and the falling Indian rupee. CAD has widened to 2.4% in Q1 of 2018-19.
Saturday, September 1, 2018, 9:26 AM
Fuel prices continued to rise on Saturday, with petrol and diesel-prices touching a new record high in several metropolitan cities, including Delhi and Mumbai. The price of petrol has been increased to Rs 78.68 per litre in Delhi, against Rs. 78.52 on Friday, while diesel is being retailed at Rs. 70.42 per litre.
16 July 2018, Monday
Crude Oil prices have been rising in recent times. As India imports more than 80% of its crude oil requirements, prices of petrol ...
06 July 2018, Friday
Crude Oil Prices are rising and US Crude oil prices rose above $75 a Barrel for the first time since 2014. The threat of US sanctions on Ira ...
28 June 2018, Thursday
The Indian Rupee has hit an all-time low of Rs 69 per US Dollar. This has happened for the first tim ...
14 February 2009, Saturday
In my previous article, I discussed about the history of Gold, Gold-standards and its place in Indian culture. In this article I will cover ...
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