Sensex sinks 4,000 pts in 5 sessions amid ME tensions; investors' wealth eroded by ₹17 lakh cr
The m-cap of BSE-listed companies has fallen to ₹461.06 lakh crore, from ₹478.34 lakh crore at the end of trade on September 26, 2024.
The m-cap of BSE-listed companies has fallen to ₹461.06 lakh crore, from ₹478.34 lakh crore at the end of trade on September 26, 2024.
Shares of Oil India surged as much as 9.3%, while ONGC stock rallied as much as 9.5% as Brent crude oil futures edged lower.
Share of crude petroleum imported from Russia jumped to 36% in 11 months of FY2024
Notably, diesel and aviation turbine fuel will remain unaffected and maintain a zero windfall tax rate
In the first six months of 2024, the country's oil demand is projected to expand by an average of around 250 thousand barrels per day year-on-year.
HDFC Bank, Indusind Bank, Ultratech Cement, HUL, L&T Mindtree, Asian Paints, and others are set to announce their Q3 results this week.
In FY23, India spent $157.5 billion on importing 232.7 million tonnes of crude oil.
The BSE Sensex and Nifty50 are likely to open lower on Thursday, tracking soft cues from global peers and negative trend at Gift Nifty.
An unprecedented surge in new liquefied natural gas (LNG) projects coming online from 2025 is set to add more than 250 billion cubic metres (BCM) per year of new capacity by 2030
According to the rating agency, the ongoing conflict in the Middle East, confined mainly to the Gaza region now, has caused only negligible disruption in India's trade so far.