Market Movers: HFCs continue to party; auto stocks dampen mood
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While PNB Housing Finance managed another 20 per cent upper circuit move, other housing finance stocks also jumped, between 3 and 18 per cent.
PNB Housing Finance managed another 20% upper circuit move.
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MUMBAI: Who could have imagined that a banker could be responsible for good times and yet look at housing finance companies, drenched in the joy of being endorsed by none other than the Sachin Tendulkar of banking, Aditya Puri.
While this space will not effusively speak of who and what Aditya Puri is given that so much has already been said about the former HDFC Bank supremo, but his entry in
ONGC acquires 5% stake in Indian Gas Exchange
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Last Updated: Mar 10, 2021, 08:21 PM IST
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IGX is India s first automated national-level gas exchange for trading in natural gas in the country.
ONGC signed a Share Purchase and Shareholders Agreement (SPSHA) with the Indian Gas Exchange (IGX) and the Indian Energy Exchange (IEX).
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NEW DELHI: State-owned Oil and Natural Gas Corp (
ONGC) on Wednesday said it has acquired a 5 per cent stake in Indian Gas Exchange (IGX), joining likes of Adani Total Gas, Torrent Gas and GAIL in nation s first gas exchange. The Indian Gas Exchange is a subsidiary of the
Market Movers: Why oil stocks bled; 60 stocks flash buy signals
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The 30-share pack Sensex added 254.03 points, or 0.50 per cent, to close at 51,279.51. Its broader peer NSE Nifty advanced 76.40 points, or 0.51 per cent, to 15,174.80.
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NEW DELHI: Progress on the stimulus front in the US re-energised bulls on Dalal Street on Wednesday and lifted benchmark indices higher for the third straight day.
The 30-share pack Sensex added 254.03 points, or 0.50 per cent, to close at 51,279.51. Its broader peer NSE Nifty advanced 76.40 points, or 0.51 per cent, to 15,174.80.
“With technology stocks doing well on Nasdaq, the day clearly belonged to midcap IT as the Street demonstrated increased appetite today for technology. Broader markets witnessed good investor interest in metal stocks. Several smallcap names across sectors were sought after as a lower interest rate scenario is seen beneficial to them,” said S Ranganathan, Head
ONGC is rallying like it’s 2013 as surging oil prices boost outlook
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Investor behaviour on the ONGC counter so far in February showed they expect the gains to sustain in the near term.
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Analysts at Goldman Sachs and Morgan Stanley are projecting Brent crude price to hit as high $75 a barrel by the end of the September quarter
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MUMBAI: The Oil & Natural Gas Corp stock is on course to register its best monthly performance since the January of 2013, and if global oil prices are any indication, it may just have taken off
Market Movers: What sparked rally in PSU refiners; 42 stocks give sell signal
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The breadth of the market favoured bulls as advancing stocks on the National Stock Exchange outnumbered declining ones.
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In the broader market, the gains were more prominent as the Nifty Midcap 100 and Nifty Smallcap 100 index rose 1 per cent and 0.9 per cent, respectively.
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MUMBAI: An attempt by benchmark equity indices to rebound from the five-day selling spree fizzled out towards the end of the session on Tuesday as they barely managed to hold onto their gains.
While indices had opened higher tracking the gains in other Asian markets, they pared almost all of those gains on likely profit booking and weak cues from European markets.