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12 December 2017

Hot Pursuit

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12-Dec-2017 (13:47)
Finolex Cables leads gainers in 'A' group
12-Dec-2017 (13:41)
Volumes jump at ICRA counter
12-Dec-2017 (12:31)
PSU OMCs skid as Brent crude oil prices cross $65 a barrel mark

Meanwhile, the S&P BSE Sensex was down 110.73 points or 0.33% at 33,345.06.

HPCL (down 2.95%), BPCL (down 1.96%) and Indian Oil Corporation (down 2.09%) edged lower.

Brent crude oil prices jumped above $65 per barrel for the first time since 2015 after the shutdown of the Forties North Sea pipeline knocked out significant supply from a market that was already tightening due to Organization of Petroleum Exporting Countries (OPEC)-led production cuts. In the global commodities markets, Brent for February 2018 settlement was up 85 cents at $65.54 a barrel. The contract had risen $1.29 a barrel, or 2.03% to settle at $64.69 a barrel during the previous trading session.

Higher crude oil prices could increase under-recoveries of public-sector undertaking 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.

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12-Dec-2017 (12:15)
Mawana Sugars slumps after dismal Q2 result
12-Dec-2017 (11:49)
Alembic Pharma in pink of health after receiving USFDA nod for drug
12-Dec-2017 (11:40)
L&T Infotech gains after completing acquisition of Syncordis
12-Dec-2017 (11:01)
Andrew Yule drops after weak Q2 outcome
12-Dec-2017 (10:49)
Fiberweb (India) moves up after receiving export orders
12-Dec-2017 (10:28)
Repro India slides on dismal Q2 results
12-Dec-2017 (10:03)
V2 Retail hits 52-week high after robust Q2 results
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