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Sensex closes above 40,000 for first time, Nifty too ends at record closing high

Sensex closes above 40,000 for first time, Nifty too ends at record closing high

Mon, Jun 03, 2019

Sensex closed above 40,000 for the first time today, while the Nifty ended the day at record high of 12,103. Sensex closed 553 points higher at 40,267 level. Nifty50 has made an intraday high as well as new high of 12,103 after crossing the earlier high of 12,041.5, whereas Sensex hit all time high of 40,308.

Heavy selling drags Sensex 487 pts, Nifty ends around 11,360

Heavy selling drags Sensex 487 pts, Nifty ends around 11,360

Wed, May 08, 2019

Benchmark indices finished near day's low on Wednesday amid weak global cues. The Sensex has closed below 38,000, while Nifty also break below 11,350 during intraday. At close, the Sensex was down 487.50 points at 37789.13, while Nifty was down 138.40 points at 11359.50. About 685 shares have advanced, 1778 shares declined, and 148 shares are unchanged.

Late selling drags Sensex 324 pts, Nifty ends a tad below 11,500

Late selling drags Sensex 324 pts, Nifty ends a tad below 11,500

Tue, May 07, 2019

The late selling pulled Nifty50 below its crucial support of 11,500, dragged by Reliance Industries, ICICI Bank, ITC, IOC and Tata Motors which fell 2-4 percent. The BSE Sensex closed at 38,276.63, down 323.71 points and Nifty50 fell 100.35 points to 11,497.90. However, Infosys, HUL, L&T, Wipro, ONGC and Titan Company bucked the trend, rising 1-2 percent.

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Aaj Ka Bazaar: Sensex, Nifty end off day's low; Yes Bank plunges 29%

Aaj Ka Bazaar: Sensex, Nifty end off day's low; Yes Bank plunges 29%

Tue, Apr 30, 2019

The Sensex was down 35.78 points at 39031.55, while Nifty was down 6.50 points at 11748.20. About 721 shares have advanced, 1780 shares declined, and 149 shares are unchanged.

ONGC, IOC, GAIL to Hindustan Petroleum Corp: Oil PSU capex drops to four-year low

ONGC, IOC, GAIL to Hindustan Petroleum Corp: Oil PSU capex drops to four-year low

Sun, Feb 03, 2019

ONGC, according to Budget documents, is projected to spend Rs 32,921 crore in 2019-20, down from Rs 33,007 crore in the current year. IOC's planned capex will see almost 2 per cent reduction at Rs 25,083 crore.

Petrol prices up 20 paise after 20-day fall

Petrol prices up 20 paise after 20-day fall

Mon, Jan 07, 2019

Petrol prices rose by 21 paise in the national capital on Monday after declining for 20 straight days.

Exclusive conversation with Subodh Dakwale

Exclusive conversation with Subodh Dakwale

Tue, Jan 01, 2019

IOC's Executive Director Subodh Dakwale speaks exclusively to Zee business. Listen in on what he has to say.

Fuel relief for drivers in Tamil Nadu coming soon!

Fuel relief for drivers in Tamil Nadu coming soon!

Sun, Nov 25, 2018

As part of their retail network expansion plan, India's three state-run oil-marketing companies would open 5,125 petrol bunks in Tamil Nadu over the next two years, said a senior official of Indian Oil Corporation (IOC) on Sunday.

After excise cut, fuel prices again on upswing

After excise cut, fuel prices again on upswing

Sun, Oct 07, 2018

Petrol and diesel prices witnessed an increase across the four metro cities on Sunday, two days after the government announced an excise duty cut on the fuel to give relief to the common man.

IOC Q1 net profit up 50% to over Rs 7k cr

IOC Q1 net profit up 50% to over Rs 7k cr

Sat, Aug 11, 2018

Indian Oil Corporation (IOC) today reported 50.27 per cent jump in consolidated net profit at Rs 7,092.42 crore for the first quarter of the current fiscal.

IOC to invest Rs 1.75 lakh cr for expansion: Chairman Singh

IOC to invest Rs 1.75 lakh cr for expansion: Chairman Singh

Sun, Aug 05, 2018

Indian Oil Corp, the nation's largest oil firm, plans to invest Rs 1.75 lakh crore to nearly double refinery capacity, boost petrochemical production, expand gas business and lay new pipelines to become a vertically integrated company, its Chairman Sanjiv Singh said

IOC, BPCL and HPCL tank up to 8% despite surge in petrol, diesel prices

IOC, BPCL and HPCL tank up to 8% despite surge in petrol, diesel prices

Wed, May 23, 2018

Oil explorers such as ONGC and OIL India also dipped up to 3 per cent after Moody’s Investors Service said they face increasing risk that govt will require them to share fuel-subsidy burden as oil prices rise.

Freeze on fuel prices hike timing, Karnataka election coincidental, says IOC chief

Freeze on fuel prices hike timing, Karnataka election coincidental, says IOC chief

Fri, May 11, 2018

Indian Oil Corporation (IOC) Chairman Sanjiv Singh today said the decision of oil PSUs not to hike petrol and diesel prices since April 24 was aimed .at stabilising them and it 'incidentally' coincided with Karnataka elections. He said before prices were stabilised, there were daily spikes varying from 25 paise to 35 paise

Did Centre order petrol, diesel prices not to be hiked? Here is what oil cos said

Did Centre order petrol, diesel prices not to be hiked? Here is what oil cos said

Thu, Apr 12, 2018

The government had in June 2010 freed petrol price from its control and the diesel rates were deregulated in October 2014. Prices have since then moved more or less in tandem with international rates barring a few exceptions like the period before a crucial election.

IOC, ICICI Bank among top stocks buzzing in trade today

IOC, ICICI Bank among top stocks buzzing in trade today

Wed, Jan 31, 2018

The domestic market extended losses for the second straight session on Wednesday tracking Asian markets, which pulled further back from the record highs after on Wall Street, the Dow registered its biggest two-day drop since September 2016.

Petrol, diesel likely to get costlier in Delhi

Petrol, diesel likely to get costlier in Delhi

Mon, Jan 15, 2018

Delhiites might soon have to pay more for motor fuel, a sequel to an earlier decision by the Delhi Development Authority (DDA), the land allotment agency, putting outlets retailing these in the same commercial category as malls, as reported by Business Standard.

Govt takes back LPG price hike order

Govt takes back LPG price hike order

Thu, Dec 28, 2017

Govt had earlier ordered public sector oil marketing companies to raise LPG prices by Rs 4 per cylinder every month

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

IOC, BPCL keen to acquire GAIL; co wants to merge with ONGC

Mon, Dec 25, 2017

The merger options were indicated following Finance Minister Arun Jaitley's announcement in the 2017-18 Budget speech on the government's plan to create integrated public sector oil majors that will be "able to match the performance of international and domestic private sector oil and gas companies".

Volvo mulling launch of BS VI cars in India before April 2020

Volvo mulling launch of BS VI cars in India before April 2020

Sun, Dec 03, 2017

With the government deciding to advance availability of BS-VI fuels in Delhi, the company said it is 'future ready', and could introduce the models if compatible fuel is available in Delhi NCR.

Petronet LNG plans to enter Electric Vehicle business

Petronet LNG plans to enter Electric Vehicle business

Thu, Oct 12, 2017

The company will also create charging infrastructure, which is an important requirement for the country's ambitious e-vehicle plan.

India imports its first US oil at Paradip

India imports its first US oil at Paradip

Mon, Oct 02, 2017

India today received its first ever shipment of US crude oil with state-owned Indian Oil Corp (IOC) importing a 1.6 million barrels parcel at Paradip in Odisha.

More than half the cost of per litre of petrol is just taxes; Cheapest petrol in Port Blair, Mumbai most expensive

More than half the cost of per litre of petrol is just taxes; Cheapest petrol in Port Blair, Mumbai most expensive

Thu, Jun 01, 2017

Sensex falls 75 points, Nifty slips below 9,600-mark on weak macroeconomic data

Sensex falls 75 points, Nifty slips below 9,600-mark on weak macroeconomic data

Thu, Jun 01, 2017

The BSE Sensex fell over 75 points to 31,070 and the Nifty slipped below 9,600-mark in early trade on Thursday as participants trimmed their positions, triggered by lower gross domestic product (GDP) numbers and core infrastructure sectors growth.

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