Posts filed under 'Oil & Petro Chemicals'
Indian stock markets starts their first trading of the new year in a new opening bell timing
The Indian stock markets opened their day on a positive note. The NSE is opening in at a new time for trade at 9:00 starting today.
Top Nifty gainers this morning are M&M, BPCL, Tata Motors, ACC, SBI, Tata Power, HDFC, Cipla, Sun Pharma and Tata Steel. On the losing end are Reliance, Bharti Airtel, R Power, Ambuja Cement, JP Associates, Reliance Infra, Siemens, Sterlite Industries, HDFC Bank, HCL Technologies.
Reliance Industries (BSE: 500325 | NSE: RELIANCE | ISIN: INE002A01018) is trading at about 1,068.95 down by -20.45. The script opened the day at 1,094.00, hit a high of 1,094.00 and a low 1,022.00 so far. Reports say a block deals of 2.5 crore shares of the script on BSE, NSE at Rs 1,035 per share might have triggered the scrip to slip a little.
Monday, January 04, 2010 9:41:51 AM
January 4th, 2010
ONGC (BSE Script Code: 500312; Script Id:ONGC) seems to be in all happy mood after its initial success in the bid to acquire UK-based Imperial Energy. The oil major is now thinking and evaluating about the possible listing of ONGC Videsh Ltd or OVL sometime in 2009. OVL is the overseas exploration subsidary of ONGC. A leading business daily said it has information from sources close to the company that the funds raised will be used to repay some of the loans that OVL will be taking to use for the acquisition of Imeperial Energy.
ONGC’s 52-week high is 1386.90 and 52-week low is 780 on the BSE
Meanwhile, Oil stocks are not doing that well today. The BSE Oil & Gas index is down 1.83%. 6 of the 11 scripts in the index are down. ONGC is down over 3.3% followed by Reliance, Reliance Energy and Essar Oil which are all down over 2%. Aban Offshore is up 2.77%
The stock markets meanwhile made an attempt to recover from the red. The Nifty is down 1.65% at 4429 while BSE Sensex is down 1.26% at 14859.
Stelite continues to be down. The script is down 4.39% at 610.00 on the NSE. ONGC, Unitech, SAIL, DLF are all down over 3%
ICICI Bank made a bit of recovery. The script is now up 0.90% on the Nifty and is trading at 720.50 levels.
1 U.S. dollar = 43.9502 Indian Rupees
1 U.S. dollar = 108.0730 Japanese Yens
1 U.S. dollar = 0.6905 Euros
1 Ounce Gold = $802.40
1 Barrel Crude Oil = $108.99
September 4th, 2008
Thursday, August 28, 2008 12:33:54 PM IST
The markets continue to trade in a range bound manner. Nifty is at 4281 down 0.25%. BSE Sensex is down by 46.76 points down at 14250. Reliance is trading at 2136 levels.
The CNX IT is down 0.11%. Bank Nifty is down 0.98%. CNX 100 is down 0.25% and the border CNX 500 is down 0.23%.
Chart toppers on NSE Nifty include Suzlon, ACC, Hero Honda, Bharti Airtel, Ambuja Cement, Ciarn, Tata Power, Sterlite, Cipla (All up over 1%)
Losers on Nifty include Hindalco, Dr. Reddy, DLF, HDFC Bank, BHEL, ICICI Bank, L&T, Reliance Communications, SBI, TCS (all down over 1%)
The BSE Midcap and Smallcap indices are down 0.36% and 0.32% respectively. Realty, Bankex, Capital Goods, PSU, Oil & Gas sectoral indices are down while Health Care, Auto, Consumer Durables are up.
Mukesh Ambani was in news yesterday for extending his support to the Tatas. Ambani was saying that the Tata Nano car is an innovative project that will extend India’s image globally and that India could become a hub for small cars.
Last Traded Price of select scripts:
Reliance: 2,136.00
Reliance Petro: 157.05
Reliance Natural Resources: 92.75
Tata Steel: 577.50
Tata Power: 1,026.00
Tata Motors: 423.90
1 U.S. dollar = 43.7005 Indian Rupees
1 U.S. dollar = 109.5050 Japanese Yens
1 U.S. dollar = 0.6802 Euros
1 Ounce Gold = $833.40
1 Barrel Crude Oil = $118.67
August 28th, 2008
Wednesday, August 27, 2008 12:37:17 PM IST
Markets are flat during the last one hour of trade. The NSE Nifty is now at 4326 down 0.26% while BSE Sensex is down by 62 points and is testing the 14400 levels. ONGC is trading at 1025.50 levels.
The CNX IT is down 0.03% while the Bank Nifty is down 0.37% CNX Midcap index slipped a bit and is now up by 0.20%
BSE Sensex is trading at 14419 level down nt 63 points. Realty, Oil & Gas, Bankex, Power, FMCG and Capital Goods indices are down while Consumer Durables, metal, Healht Care, IT and Auto are marginally up.
Toppers on Nifty include Dr. Reddy (now up by 3%), Sun Pharma (up 2%), SAIL, GAIL, Tata Steel, Hero Honda, ABB (all up over 1%), ONGC, Power Grid and Hindalco (marginally up).
Top losers on the Nifty include DLF (down over 2%), Tata Power, Reliance Infra, BHEL, Reliance, TCS, Grasim, RPL (down over 1%), National Aluminium and Satyam (both marginally down)
ONGC Videsh is all buzzing as it is almost close to acquire Imperial Energy Corp Plc after the former announced it will be ready to pay 1.4 bn pounds ($2.6 bn) for the takeover and is about to submit its bid. This gives ONGC a sense of security for its oil supplies. Imperial Energy has good projects in the Russia. For now, ONGC has beat China’s Sinopec in its bid to acquire Imperial.
ONGC is trading at 1024. Its 52-week high and 52-week are 1385.05 and 778.70 respectively.
Markets analysts are giving a Hold rating for the stock with a target of 1170 - 1250
1 U.S. dollar = 43.7292286 Indian rupees
1 U.S. dollar = 109.48106 Japanese yen
1 U.S. dollar = 0.683200109 Euros
1 Ounce Gold = $826.10
1 Barrel Crude Oil = $116.43
August 27th, 2008
Friday, August 22, 2008 1:17:18 PM IST
Business press is reporting of a news of ONGC (BSE Script Name: ONG CORP LTD; Script Code: 500312) is taking lead in the bid to buy the London-based Oil exploration and production company Imperial Energy (LON:IEC). ONGC through its subsidy ONGC Videsh Ltd is attempting to bid in full after getting the approval from the Government of India. Sources say ONGC is ahead of China’s Sinopec and KNOC of Korea which are competing in the bid.
ONGC Share price movement
52-week high: Rs. 1386.90
52-week low: Rs. 777.15
ONGC is trading at Rs. 1017.50 a share - Up by 8.60 or 0.85%
Its peers Indian Oil is at Rs. 394.65 down 16.05 or 3.91%
HPCL is at Rs. 198.50 down Rs. 6.00 or 2.93%
Reliance Industries is at 2256.15 up Rs. 43.83 or 1.98%
Reliance Petroleum is at Rs. 160.25 up Rs. 2.5 or 1.68%
August 22nd, 2008
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