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वी-मार्ट रिटेल (V-Mart Retail) ने किया तीन नये स्टोरों का शुभारंभ

खुदरा स्टोर श्रृंख्ला वी-मार्ट रिटेल (V-Mart Retail) ने तीन नये स्टोरों का शुभारंभ किया है। कंपनी ने नागालैंड, झारखंड और राजस्थान में 1-1 स्टोर खोला है। इसके साथ ही भारत के 18 राज्यों के 181 शहरों में कंपनी के कुल स्टोरों की संख्या 232 हो गयी है। गौरतलब है कि नागालैड में कंपनी का यह पहला, झारखंड में 18वाँ और राजस्थान में 7वाँ स्टोर है। नये स्टोरों के शुभारंभ की घोषणा के बावजूद कंपनी के शेयर में कमजोरी है। बीएसई में वी-मार्ट रिटेल का शेयर 1,734.20 पिछले बंद भाव के मुकाबले आज सुबह मजबूती के साथ 1,760.00 रुपये पर खुला है। मजबूत शुरुआत के बाद शेयर का रुख नीचे की ओर मुड़ गया और 1,713.25 रुपये के निचले स्तर तक गिरा। करीब 11 बजे वी-मार्ट का शेयर 16.10 रुपये या 0.93% की कमजोरी के साथ 1,718.10 रुपये पर चल रहा है। इस भाव पर कंपनी की बाजार पूँजी 3,118.94 करोड़ रुपये है। वहीं इसके पिछले 52 हफ्तों का शिखर 3,298.00 रुपये और निचला स्तर 1,701.65 रुपये रहा है। Best Share Market News, Click Here To Get More News -  Stock Market tips , for 2 Days Free T rial give a missed call @964440...

The Andhra Sugars Q1 net profit up 8.57% at Rs 46.61 cr

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The company reported a standalone net profit of Rs 46.61 crore for the quarter ended June 30, 2019, as compared to Rs 42.93 crore in the same period last year, registering a year-on-year growth of 8.57 percent.  Net revenue of the company rose moderately by 15.11 percent at Rs 284.14 crore in the April-June quarter of this fiscal as against Rs 246.84 crore in the corresponding period last year. During the April-June quarter, operating expenses increased by 15.79 percent to Rs 195.98 crore from Rs 169.26 crore in the year-ago period. Other Income dipped by 34.53 percent at Rs 3.66 crore versus (Jun'18 Rs 5.59 crore). Operating Profit surged by 13.64 percent to Rs 88.16 crore as against Rs 77.58 crore in the year-ago period, while Operating Profit Margin (OPM) contracted year-on-year to 1.27 percent in June quarter. Interest grew by 29.49 percent y-o-y to Rs 6.85 crore, while Taxation increased by 6.41 percent at Rs 24.58 crore (Jun'18 Rs 23.10 crore). ...

IndiGo, SpiceJet to shift Delhi operations to T3 from T2

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Low-cost carriers SpiceJet and IndiGo would shift their operations to the Indira Gandhi International Airport's T3 from T2 from September 5. While SpiceJet would shift its entire operations, the largest private carrier IndiGo would move part of their local flights. With rising air traffic and a surge in flight movement from the IGI airport, private airport firm Delhi International Airport Ltd (DIAL) is in the process of upgrading the T2 terminal. "Post completion of capacity enhancement of T2, the terminal will be able to handle 18 million passengers per annum (MPPA), up from current 15 MPPA (now)," DIAL said in a statement. Videh Kumar Jaipuriar, CEO of the airport firm, said that with Delhi airport witnessing a surge in passenger traffic, DIAL is enhancing the capacity of T2. "The move will ease the pressure of fast-growing traffic so that the capacity enhancement works at Terminal 2 can be carried out effectively and efficiently. We appre...

Yes Bank needs capital quickly to heal itself, calm investors

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Yes Bank Ltd’s shares have had a lousy run this year, losing a whopping 67% since April and underperforming benchmark indices by a massive margin. Indeed, at the current price the stock trades at below its estimated book value for FY20. Even so, analysts are in no hurry to rerate the stock. A new and strong management, and the move to come clean on the toxic level of its loan book hasn’t enthused investors to buy. Scepticism is rampant in the market and the lender’s formal release on Monday stating that these are unfounded concerns shows it knows the market’s sentiment is against it. Analysts at brokerage firm Jefferies India Pvt. Ltd, for instance, have pointed out the bank’s vulnerabilities and questioned its level of capital. “Discussion with market participants leaves us with an impression that the bank may not have come clean on the pool of stressed loans or its impact on the book value. This has created a trust deficit," said Jefferies India in a ...

Budget 2019

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बुनियादी सुविधाओं के विकास के लिए केंद्र सरकार अगले 5 साल में 100 लाख करोड़ रुपये का निवेश करेगी।- वित्त मंत्री बीते 4 सालों में 4 लाख करोड़ रुपये के एनपीए की रिकवरी की गई है। बीते एक साल में एनपीए घटकर 1 लाख करोड़ रुपये रह गया है।- निर्मला सीतारमण प्रवासी भारतीयों को स्वदेश वापसी के तत्काल बाद आधार कार्ड दिया जाएगा। अब तक 180 दिन करना पड़ता था इंतजार।- वित्त मंत्री सार्वजनिक क्षेत्र के बैंको को ऋण संबंधी जरूरतों के लिए 70,000 करोड़ रुपये और उपलब्ध कराए जाने का प्रस्ताव। उन देशों में भारतीय दूतावास स्थापित होंगे, जहां अब तक नहीं था भारत का कोई राजनयिक मिशन।- निर्मला सीतारमण। Best Share Market News, Click Here To Get More News -  Share Market tips , for 2 Days Free Trial give a missed call @9644405057 and Get Share Market Services.

India Budget 2019 Live Updates

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खेलो इंडिया स्कीम के तहत नैशनल स्पोर्ट्स एजुकेशन बोर्ड की होगी शुरुआत। खिलाड़ियों के लिए विकास के लिए बड़ा अभियान। - वित्त मंत्री सरकार 17 पर्यटन स्थलों को विश्व स्तरीय स्थलों के तौर पर विकसित कर रही है।- वित्त मंत्री निर्मला सीतारमण भारत की जल सुरक्षा और नागरिकों को स्वच्छ पेयजल उपलब्ध कराना सरकार की प्राथमिकता। 2024 तक इस पर करेंगे काम।- वित्त मंत्री उजाला योजना से हर साल 18,341 करोड़ रुपये की बचत।- वित्त मंत्री पारंपरिक उत्पादों और कारीगारों को वैश्विक अर्थव्यवस्था से जोड़ने के लिए शुरू होगा मिशन।- वित्त मंत्री 2 अक्टूबर, 2019 को भारत खुले में शौच से मुक्त हो जाएगा। पीएम मोदी का सपना होगा साकार।- वित्त मंत्री यह सरकार महिला आंत्रप्रेन्योरशिप को प्रमोट कर रही है। मुद्रा, स्टार्टअप और स्टैंडअप स्कीम के तहत दी जा रही प्राथमिकता।- निर्मला इस चुनाव में महिलाओं ने रेकॉर्ड मतदान किया। 78 महिला सांसद चुनी गई हैं, जो अपने आप में एक रेकॉर्ड है।- निर्मला सीतारमण ग्रामीण अर्थव्यवस्था में महिलाओं की भागीदारी एक सुनहरी कहानी है। ऐसा कोई सेक्टर नहीं है,...

High crude oil prices just one worry for India; let`s not ignore the other risks

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For a country that imports the lion’s share of its oil requirements, high prices are never good news. So, when Brent crude prices rose to over $75 a barrel, there was some worry on the Street. NSE’s volatility index (India VIX), often referred to as a fear gauge, surged to a three-year high of 24.6 on Tuesday. Analysts said this was due to a combination of high oil prices and the anxiety surrounding the ongoing general elections. Also, the rupee breached the 70 mark against the dollar. While oil prices have receded to about $72.15 a barrel, it must be noted that they are about 34% higher so far this year. The rise in oil comes against the backdrop of unimpressive corporate results, low job creation, a slowdown in domestic consumption, fears of a subpar monsoon and muted private sector capital expenditure (capex). Election-related nervousness has kept Indian equities volatile. Even so, the S&P Nifty 50 index has increased by about 8.21% so far this year. Cl...

Crude oil price rise to hit tyre firms even as profits are under pressure

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Tyre stocks wobbled as news of US sanctions on crude oil imports from Iran and rising crude oil prices hit the Street on Monday. The impact of rising crude oil prices on tyre companies’ profits, though not immediately, is now a growing concern. Crude oil derivatives such as carbon black, synthetic rubber and nylon tyre cord fabric together make up nearly half the cost of producing a tyre. Certainly, the sudden 3.5% rise in the price of crude oil within three days, and 35% since January, signals a squeeze on profits for tyre makers. Besides, the threat to costs comes when the auto industry is steering through rough terrain. Auto sales in the country during FY19 grew at a sluggish 5.2%. In FY18 it grew at 14.2%. Production cuts by automobile manufacturers has resulted in lower demand for tyres, among other components. Added to this, replacement-market sales that normally compensates for falling demand from auto manufacturers has been subdued in the last two quarters...

Oil prices extend losses despite surprise drop in US inventories

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Brent crude futures were at $71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 percent, from their last close. Brent fell 0.1 percent on Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a barrel. Oil prices edged down on Thursday despite a surprise decline in U.S. inventories, with international benchmark Brent retreating from a five-month high touched in the previous session. Brent crude futures were at $71.51 a barrel at 0056 GMT, down 11 cents, or 0.2 percent, from their last close. Brent fell 0.1 percent on Wednesday, after earlier touching its highest since Nov. 8 at $72.27 a barrel. U.S. West Texas Intermediate (WTI) crude futures were at $63.67 per barrel, down 9 cents, or 0.1 percent, from their previous settlement. WTI closed the last session down 0.5 percent. "Prices are soft despite a surprise drawdown in U.S. inventories," ANZ Bank said in a research note. Best Share Market News, Click Here To Get More News - MCX Tip...

Oil rally stalls on talk of OPEC+ boosting output

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Oil prices halted their rally on Monday, with both benchmarks down nearly 1 percent, after Russia's finance minister said Russia and OPEC may decide to boost production to fight for market share with the United States, where output remains at record highs. Losses were limited by a tightening of global supplies, as output has fallen in Iran and Venezuela amid signs the United States will further toughen sanctions on those two OPEC producers, and on the threat that renewed fighting could wipe out crude production in Libya. Brent crude futures ended the session at $71.18 a barrel, down 37 cents, or 0.5 percent, having earlier slid below $71. Brent hit its highest since Nov. 12 on Friday at $71.87. U.S. West Texas Intermediate crude futures fell 49 cents, or 0.8 percent, to settle at $63.40 per barrel. Oil prices have been lifted by more than 30 percent this year, mainly due to a deal by the Organisation of the Petroleum Exporting Countries and its allies includ...

Oil rises on ongoing OPEC-led supply cuts, fall in U.S. rig count

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Oil prices rose on Monday, lifted by comments from Saudi oil minister Khalid al-Falih that an end to OPEC-led supply cuts was unlikely before June and a report showing a fall U.S. drilling activity. U.S. West Texas Intermediate (WTI) crude oil futures were at $56.39 per barrel at 0323 GMT GMT, up 32 cents, or 0.6 percent from their last close. Brent crude futures were at $65.04 per barrel, up 30 cents, or 0.5 percent. Despite the gains, markets were somewhat held back after U.S. employment data raised concerns that an economic slowdown in Asia and Europe was spilling into the United States, where growth has so far still been healthy. "Downward revisions in global growth forecasts by OECD and ECB have capped bullish gains," said Benjamin Lu of Singapore-based brokerage Phillip Futures. Oil markets have generally been supported this year by ongoing supply cuts led by the Organization of the Petroleum Exporting Countries (OPEC) and some non-affiliated a...

Oil drops 1% as economic outlook weakens, US supply surges.

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US sanctions against the oil industries of OPEC members Iran and Venezuela have also supported futures. Oil prices fell about 1 percent on March 8 after disappointing US job growth revived concerns about a slowing global economy and weaker demand for oil. With surging US oil supply also unsettling markets, Brent crude futures fell 56 cents, 0.8 percent, to settle at $65.74 a barrel. The international benchmark gained 1 percent for the week. US West Texas Intermediate (WTI) crude futures fell 59 cents, or 1 percent, to settle at $56.07 a barrel. WTI still ended 0.5 percent higher for the week, however. US job growth almost stalled in February, with the economy creating only 20,000 jobs amid a contraction in payrolls in construction and several other sectors. The report dragged down US stock markets, along with oil futures. Financial markets also took a hit after comments on Thursday from European Central Bank President Mario Draghi that the European econo...

Oil deeps on U.S.Stocks builds, production.

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Oil prices slipped on Wednesday as bullish output forecasts by two big U.S. producers and a build in weekly U.S. crude stockpiles outweighed ongoing OPEC-led production cuts. International Brent crude futures were at $65.36 per barrel at 0440 GMT, down 50 cents, or 0.8 percent, from their last settlement. U.S. West Texas Intermediate (WTI) crude oil futures were also down 0.8 percent, or 45 cents, at $56.11 per barrel. "Crude oil futures continue to demonstrate whippy trades as markets balance between OPEC-led cuts and the effects of rising U.S. production levels," said Benjamin Lu, commodities analyst at Singapore-based brokerage firm Phillip Futures. Increasingly event-driven trading was adding to market volatility, he added. Chevron Corp and Exxon Mobil Corp released rival Permian Basin projections on Tuesday pointing to increased shale oil production. If realised, the increases would cement the pair as the dominant players in the West Tex...

Petrol, diesel prices go up on Sunday

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Transport fuel rates continued to increase on Sunday in tandem with global crude prices, which have been rising following the implementation of output cuts by oil producers from January 1. State-run oil marketing companies (OMCs) increased petrol prices by 13 paise per liter and diesel prices by 14-15 paise across the four metros, as per data from the Indian Oil Corporation. Petrol price in Delhi was increased to Rs 72.07 per liter on Sunday, while in Kolkata, Mumbai, and Chennai the fuel cost was Rs 77.70, Rs 74.16 and Rs 74.84, respectively. Similarly, the price of diesel in the national capital went up to Rs 67.41 per liter. In Kolkata, Mumbai, and Chennai, diesel sold at Rs 69.20, Rs 70.62 and Rs 71.24 a liter, respectively. Petrol and diesel prices have increased by more than Rs 4 per liter as the crude rates have been rising from January onwards after a prolonged period of fall.  As petroleum products fall outside the ambit of the goods and ser...

No end to PNB's ignominy! Delhi-based lender tops list in jeweller defaulters

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Even though the data shows that SBI has the most number of defaulters - 15 - the loss incurred by them was Rs 410 crore, much lower than PNB. Punjab National Bank (PNB) tops the list in a data report which shows that gems and diamond traders have cost banks over Rs 5,000 crore through 90 defaults. The Federation of Bank of India Staff Unions (FBISU) compiled data, accessed by The Times of India, shows that PNB, due to nine defaulters, has lost Rs 1,790 crore. Even though the data shows that State Bank of India (SBI) has the most number of defaulters - 15 - the loss incurred by them was Rs 410 crore, still lower than PNB. PNB saga: Track all the latest updates and news here. Among other banks, Union Bank of India and Oriental Bank of Commerce also come on top of the list, with nine and eight defaults, respectively. According to the data, the total number of wilful defaulters is more than 5,000 and costing a total of around Rs 49,000 crore to all the banks. The latest Re...

PNB fraud LIVE: FinMin writes to four Hong Kong banks that got LOUs

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This blog will give you the latest news and updates on the Rs 11,400-crore PNB fraud case. Finance Ministry has written to four Hong Kong banks that got LOUs Finance Ministry sources told ANI that they will write letters to SBI, Axis Bank, Allahabad Bank and Bank of India telling them to reconcile accounts and check for irregularities. The sources added that several regulatory measures are put in place - all banks are to reconcile LoUs they have given, PSU banks are to appoint special representative or agency to monitor status for all loans above Rs 250 crore and consortium cannot exceed 7 banks. PNB tops the list in losing Rs 1,790 crore due to 9 jeweller defaulters: Report Punjab National Bank (PNB) tops the list in a data report which shows that gems and diamonds traders have cost banks over Rs 5,000 crore through 90 defaults. The Federation of Bank of India Staff Unions (FBISU) compiled data, accessed by The Times of India, shows that PNB, due to nine defaulters, has ...

Nifty likely to expire 10300-10500 range; 4 stocks which could give up to 18% return

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The index is trading in the tight range of 10270 on the downside and 10640 on the higher side, in the last ten sessions. We expect this tight range to continue until we see a strong breakout or breakdown on either side. By Rohit Singre Bonanza Portfolio Ltd. The Nifty index closed the day at 10397.45 with a gain of 37 points on Wednesday after trading in a flat range for the whole day and formed a ‘Hammer’ candle pattern on the daily chart which stands for reversal. The index is trading in the tight range of 10270 on the downside and 10640 on the higher side, in the last ten sessions. We expect this tight range to continue until we see a strong breakout or breakdown on either side. On the options front, highest open interest is placed at 10300 PE followed by at 10,000 PE so the immediate support is placed at 10300 and on the higher side 10500 CE which will act as strong resistance. The derivative data suggest that February month expiry is expected in 10300-10500 range. In the r...

Top 4 stocks to buy in a volatile week which could give up to 11% return in short term

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If Nifty see a close below 10350 in next few days then we may be going in for a deeper correction where price may see a downside move to 10100 - 9900. By Mustafa Nadeem The Nifty50 ends down for the third consecutive day to close below 100-days SMA at 10,360. The Nifty has ended down for the third consecutive day which it hasn't done since the first week of January. BankNifty also ended down to 24870 on the back of rising news of frauds in the domestic banking system that is surfacing since PNB scam was unearthed. The recent scam of Rotomac also added jitters to current developments. Overall cues for the Indian equity markets remained negative on the back of sentiments that have developed in the last two weeks or so. A complete underperformance by banking stocks and correction in some of the blue-chips also aided in the current correction. A rise in volatility from 13.5 to 17 levels validates the increasing range of market we may see going forward and directional trader...