Back
Home » Business
  •  
    Filmi Bollywood
    • Durga Ashtami: Priyanka Chopra, Akshay Kumar, Sushmita Sen & Others Spread The Festive Joy
    • Namaste England First Day Collection: Arjun Kapoor- Parineeti Starrer Fails To Impress
    • Did Sushant Singh Rajput Make Sanjana Sanghi Uncomfortable; Mukesh Chhabra Failed To Back Her?
    • Happy Birthday Sunny Deol: Knowing The Man Beyond 'Dhai Kilo Ka Haath'!
    • 'Aishwarya Rai Bachchan Was Better Than You', When Amitabh Bachchan Told This To Abhishek Bachchan!
    • Kajol: Female-fronted Films Have Become Commercially Viable For Producers
    • Farah Khan On Sajid Khan's Sexual Harassment Allegations: 'The Twitter Trial Must Stop'! #MeToo
    • Making Men Priority Was A Big Mistake: Neena Gupta
    • Rangeela Raja Trailer: Oh Govinda, Why Did You Do This?
    • Lisa Ray Attends Durga Puja With Her Twins In Hong Kong! View Pictures
    • Namaste England Movie Review: Arjun Kapoor-Parineeti Chopra's London Dreams Deserved A Better Plot!
    • Om Puri's 68th Birth Anniversary: The Lesser Known Side Of The Acting Legend!
PSU Oil Refiners Gain On Dip In Crude Oil Pricel; Defy Market Carnage
Good Returns | 11th Oct, 2018 02:32 PM

Even as Indian benchmark indices staged recovery post sharp losses triggered due to global sell-off, oil refining companies and Yes bank surged the most in intra-day trade on Thursday.

The gains in PSU oil-refiners by as much as 20% are led by a massive dip in oil price since July due to global equity markets turmoil. In today's trade crude prices declined by 1.7% while in yesterday's trade it fell by as much as 2.25% percent. There are expectations that crude prices will average out between $75 and $85 per barrel.

Also, gains in OMC company stocks came on the back of government's intent to not ask these companies to share subsidy burden from kerosene and LPG.

Shares of HPCL surged by 19.75% to record a day's high of Rs. 216.40 on the NSE against previous close of Rs. 180.7. IOC and BPCL also spiked in trade by as much as 5%.

Meanwhile, benchmark Sensex pared sharp intra-day losses to the extent of over 1000 points and was last seen trading lower by -601.02 points (-1.73%) at 34159.87 while Nifty was down 183.3 points or 1.75% at 10276.80

Goodreturns.in

   
 
Health and Life
  • Health Benefits Of Pineberries
  • Malnutrition In Children And Adults: Causes, Effects And Prevention
  • How Can You Live A Long And Healthy Life With Diabetes?
    • Everything You Need To Know About Scoliosis
    • Your Chapped Or Flaky Lips Could Indicate More Than Just Superficial Damage!
    • Global Handwashing Day: Why Hand Hygiene Is Important For Food Safety?
      • 10 Essential Oils For Relieving Gout Pain
      • Tuberous Sclerosis: Causes, Symptoms, Diagnosis And Treatment
      • Things To Know About Inherited Large Intestine And Rectal Cancer
        • What Is Matcha Tea And What Are Its Benefits?
        • Is Fluorescent Light Bad For You? Here's What You Should Know
        • Thyromegaly: Everything You Need To Know
          • Get Rid Of These Cancer-causing Things From Your Room!
          • World Arthritis Day 2018: Dos And Don'ts For Handling Knee Pain
          • What Are The Best Exercises For Obese People?
            • Do You Know The Benefits Of Eating In Metal Utensils?
            • Don't Like Drinking Water? Here Are Other Ways To Stay Hydrated
            • How To Help Someone With Anosognosia?
              • World Sight Day 2018: 7 Best Juices To Protect Your Eyes
              • Can Eczema Be Mistaken For Ringworm?
              • Did You Know Whole Wheat Can Cause These Health Issues?