Oil India (OIL) shares were trading 6 percent up at Rs 314 on NSE at 12:15 pm. Ahares of ONGC, the upstream oil and gas producer, also gained up to 1.79 percent
In August, Prime Minister Narendra Modi said in a jest that stock market investors should invest in PSUs which were criticised by the Opposition in the past. PM s light-hearted advise on the floor of the Lok Sabha led to PSU stocks surging over the last one month as shares of some PSUs seem to have caught the eyes of investors. Watch this Visual Story to see PSU stocks that have surged up to 85% in once month since PM s remark.
Bharat Petroleum Corporation’s daily trend is bearish to sideways. RSI for monthly, weekly and daily is showing bearish momentum. Based on option chain analysis, the range is between 350 and 360. Let’s plan a trade around this.
Ujjwala scheme subscribers already get Rs 200 subsidy on cooking gas cylinders, while the reduction of Rs 200 in prices of LPG cylinders announced on Tuesday will be on top of that, Information and Broadcasting Minister Anurag Thakur told mediapersons after the Union Cabinet meeting.
Consolidated revenue from operations fell 7% to Rs 1.28 lakh crore in the reporting quarter. The same stood at 1.38 lakh crore in the same quarter of last year.