Nov 28, 2014 at 18:40 | Source: CNBC-TV18
The start was always going to be on the positive side because overnight Organization of the Petroleum Exporting Countries (OPEC) and those countries that are producing oil they in fact said that they are not going to go ahead and cut oil production and thereby are not going to give any support to crude prices.
Nov 28, 2014 at 17:21 | Source: CNBC-TV18
The market ended the day at record highs on Friday following further fall in crude oil prices after the OPEC decided not to cut output.
Nov 28, 2014 at 16:37 | Source: CNBC-TV18
Prakash Diwan of Altamount Capital says the company will have to take a pause at around Rs 765-770 despite demand recovery and benign raw material prices. "Till the time the impact of demand recovery is not seen or felt on the sales side, it doesnt justify buying," he told CNBC-TV18.
Nov 28, 2014 at 14:37 | Source: Reuters
Oil hit four-year lows around USD 70 a barrel, as OPEC resisted the temptation to cut back production following a more than 30 percent plunge in prices since June.
Nov 28, 2014 at 14:00 | Source: Moneycontrol.com
Punjab National Bank, Bank of Baroda, Asian Paints, State Bank of India, IndusInd Bank, Axis Bank, Tata Motors, Tata Steel and M&M were top gainers, up 2.5-7.4 percent.
Nov 28, 2014 at 11:48 | Source: Moneycontrol.com
Shares of firms that have a direct positive impact -- oil retailers, aviation firms, paints and tyre companies (where crude is a vital input) -- were among the biggest gainers in the broader market, which itself was up over 1 percent.
Nov 28, 2014 at 11:11 | Source: Moneycontrol.com
Gold and Silver prices are expected to trade lower as the inflation hedge appeal of the yellow metal has been declining with falling oil prices. Waning investment interest, strength in the dollar will also exert downside pressure, says Angel Commodities.
Nov 28, 2014 at 11:00 | Source: Moneycontrol.com
Oil marketing companies like BPCL, HPCL and IOC shot up 4-9 percent while paint companies like Asian Paints, Shalimar Paints, Berger Paints and Kansai Nerolac rallied 3-6 percent after fall in Brent crude oil prices.
Nov 28, 2014 at 10:46 | Source: CNBC-TV18
So far the company has derived 1.2-1.3% EBITDA to sales benefit from the drop in crude, said Abhijit Roy, Managing Director, Berger Paints.
Nov 28, 2014 at 10:10 | Source: Moneycontrol.com
Shares in SpiceJet and Jet Airways surged 6 percent and 12 percent, respectively, in early Mumbai trading following hopes that the recent fall in international crude oil prices would lead to oil marketing companies cutting aviation turbine fuel (also known as jet fuel) prices.