LONDON: Hedge funds resuming buying petroleum last week, with a focus on Brent, as confidence steadied following the wave of selling and sharp drop in prices a month ago. Hedge funds and other money managers purchased the equivalent of 19 million barrels in the six most important petroleum futures and options contracts in the week […]
Category: Newspapers
Newspapers
Oil climbs as dollar slumps but pandemic surge weighs
NEW YORK: Oil prices edged higher on Monday, supported by a weaker US dollar but concerns about the impact on demand from rising coronavirus cases in India and other countries capped gains. Brent crude was up 25 cents, or 0.4%, at $67.02 a barrel by 12:57 p.m. ET (1657 GMT), after rising 6% last week. […]
Power Finance Corp. shares fall 3.67 per cent in Monday’s trading session
Shares of Power Finance Corporation Ltd. fell 3.67 per cent to Rs 105.1 in Monday’s trade as of 12:41PM (IST) even as the benchmark Nifty ruled at 14272.70, down 345.15 points. The scrip had closed at Rs 109.1 in the previous session. The stock quoted a 52-week low of Rs 74.2 and a high of […]
Indian Oil Corp. shares down 3.49% as Nifty falls
Shares of Indian Oil Corporation Ltd. rose 3.49 per cent to Rs 87.0 in Monday’s trade. It hit an intraday high of Rs 88.6 and low of Rs 86.9, respectively, during the day. The stock quoted a 52-week high price of Rs 105.0 and low of Rs 71.15. As of 12:57PM (IST), the counter saw […]
Tata Power shares down 3.96% as Nifty falls
Shares of Tata Power NSE 0.64 % Company Ltd. rose 3.96 per cent to Rs 93.3 in Monday’s trade. It hit an intraday high of Rs 94.95 and low of Rs 91.8, respectively, during the day. The stock quoted a 52-week high price of Rs 114.95 and low of Rs 27.0. As of 12:51PM (IST), […]
GAIL stock price down 2.18 per cent as Sensex slides
Shares of GAIL NSE 1.58 % (India) Ltd. fell 2.18 per cent to Rs 136.55 at 01:33PM hours (IST) on Monday. Earlier in the day, the stock saw a gap down start to the session. As per data available on BSE, total traded quantity on the counter stood at 749,161 shares with a turnover of […]
New coronavirus surge may upend fuel demand recovery
Rising coronavirus infections, prompting a slew of local lockdowns across the country, are threatening to slow recovery in fuel demand as stronger containment measures will hit economic activity, officials said on Monday. After Maharashtra, Delhi and Rajasthan have imposed limited period lockdowns, which will impact travel and business activity. Other states have implemented curfews at […]
IEX launches cross-border power trading
New Delhi: IEX NSE 0.95 %, India’s largest energy exchange, on Monday kicked off cross-border daily electricity trading on its platform, a move that brings New Delhi’s vision of integrating its neighbourhood into a South Asian power grid NSE 1.04 % as a means to improve energy access in the region a step closer to […]
IndiGo, SpiceJet tumble: Aviation stocks staring at turbulent times ahead?
NEW DELHI: Airline shares tumbled on Monday along with more than 2,000 stocks on BSE as lockdowns and the worsening health crisis fuelled fears that people will travel less by air now. Maharashtra and Rajasthan have already announced restrictions on movement, though they haven’t banned air travel yet. The situation seems to be a repeat […]
L&T completes 75 years of construction, mining machinery business
Larsen & Toubro on Monday said it has completed 75 years of its construction and mining machinery business (CMB) — which is one of its oldest businesses. The business has supplied over 60,000 units of various equipment in the country during its 75 years association with the construction and mining industry, the company said in […]
Oil falls amid Covid-19 surge in India, other countries
Oil prices were lower on Monday as rising coronavirus infections in India and other countries prompted concerns that stronger measures to contain the pandemic will hit economic activity, along with demand for commodities such as crude. Brent crude was down 23 cents, or 0.3%, at $66.54 a barrel by 0426 GMT, after rising 6% last […]
Nissan to focus on fuel-sipping technology and electric cars in China
Japan’s Nissan Motor Co , which is racing to lift margins and curb costs amid slowing sales, showed off a redesigned version of its X-Trail model on Monday and announced a green car strategy for China at the Shanghai auto show. The redesigned X-Trail sport-utility vehicle (SUV) was on display after a similar SUV called […]