TOKYO: Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3%, to $80.58 a barrel at 0645 GMT, after reaching its highest since October 2018 at $80.75 earlier […]
Category: Oil & Gas
Buy GAIL (India), target price Rs 200: Emkay Global
Emkay Global has buy call on GAIL NSE -0.56 % (India) with a target price of Rs 200. The current market price of GAIL (India) Ltd. is Rs 158. Time period given by analyst is one year when GAIL (India) Ltd. price can reach defined target. GAIL (India) Ltd., incorporated in the year 1984, is […]
Buy Indraprastha Gas, target price Rs 635: Emkay Global
Emkay Global has buy call on Indraprastha Gas NSE -0.85 % with a target price of Rs 635. The current market price of Indraprastha Gas is Rs 515.25. Time period given by analyst is one year when Indraprastha Gas Ltd. price can reach defined target. Indraprastha Gas Ltd., incorporated in the year 1998, is a […]
SC rejects Adani Gas’ plea challenging regulatory authorisation for Gujarat Gas to operate in 3 locations
The Supreme Court on Tuesday rejected a plea by Adani Gas challenging the authorisation given to Gujarat Gas for building and maintaining a gas distribution network in the rural areas of Ahmedabad district. The Petroleum and Natural Gas Regulatory Board’s authorisation for setting up city gas distribution networks in Sanand, Bavla and Dholka areas was […]
Oil will be world’s No. 1 energy source for decades: OPEC
As the world’s nations prepare to gather for another climate summit next month in Glasgow, the OPEC oil cartel is reminding that, in their view, crude will continue to be the leading source of energy for decades, especially as the world’s less-wealthy countries seek higher growth and standards of living. OPEC says that more electric […]
Petrol price hiked for first time in 2 months as diesel continues to surge
Petrol and diesel prices rose on Tuesday in all four metros in the country as international crude oil prices climbed to a three-year high. This was the first hike for petrol in over 2 months while diesel prices saw a rise for the fourth consecutive day today. The last increase in petrol rate was on […]
Videocon case: Sebi slaps Rs 75 lakh fine on Venugopal Dhoot, two entities
New Delhi: Markets regulator Sebi on Tuesday imposed fines totalling Rs 75 lakh on industrialist Venugopal Dhoot and two other entities for insider trading activities in the shares of Videocon Industries. Besides Dhoot, who was the managing director of the company, the watchdog has slapped penalties on the company’s two promoters — Videocon Realty and […]
Oil eases as investors take profit after 5-day rally
TOKYO: Oil NSE 0.68 % markets eased on Tuesday after a five-day rally as investors took profits on fears that higher prices may weaken fuel demand, though market sentiment remained firm amid tight supply. Brent crude futures fell 17 cents, or 0.2%, to $79.36 a barrel at 0121 GMT after surging 1.8% and reaching its […]
HPCL shares gain 3.06% as Sensex rises
Shares of Hindustan Petroleum Corporation Ltd. traded 3.06 per cent up at Rs 286.6 at 10:05AM (IST) on Tuesday, even as BSE benchmark Sensex gained 8.4 points to 60086.28. The stock had closed at Rs 278.1 in the previous session. The stock quoted a 52-week high price of Rs 312.0 and 52-week low of Rs […]
Indian Oil Corp. stock price up 2.66 per cent as Sensex climbs
Shares of Indian Oil Corporation Ltd. rose 2.66 per cent to Rs 121.7 at 10:15AM hours (IST) on Tuesday. Earlier in the day, the stock saw a gap up start to the session. As per data available on BSE, total traded quantity on the counter stood at 671,542 shares with a turnover of Rs 8.1 […]
Petronet LNG shares up 0.88% as Nifty falls
Shares of Petronet LNG NSE 0.42 % Ltd. rose 0.88 per cent to Rs 239.7 in Tuesday’s trade. It hit an intraday high of Rs 241.65 and low of Rs 230.75, respectively, during the day. The stock quoted a 52-week high price of Rs 275.25 and low of Rs 207.4. As of 10:31AM (IST), the […]
GAIL shares rise 2.69 per cent in Tuesday’s trading session
Shares of GAIL NSE 2.46 % (India) Ltd. rose 2.69 per cent to Rs 158.7 in Tuesday’s trade as of 10:36AM (IST) even as the benchmark Nifty ruled at 17853.85, down 1.25 points. The scrip had closed at Rs 154.55 in the previous session. The stock quoted a 52-week low of Rs 81.25 and a […]