Oil Marketing

The NSE Nifty 50 index rose 0.27% to settle at 18,562.75, and the S&P BSE Sensex climbed 0.34% to end at 62,504.80, with both notching closing highs for the third straight session.

IOCL: Profitability hit by inventory losses

Post a sharp hit during the initial lockdown phase, the performance of IOC is now improving. However, near-term challenges remain

Inventory gains sugar coat a weak Q1 performance in downstream oil companies

Although there has been a substantial correction in stock prices, we approach the current year with caution given the increasing global uncertainty, rising crude oil prices, growing agitation against higher petrol and diesel prices in domestic markets and government’s unwillingness to reduce taxes on fuel

What spike in crude could mean for downstream oil cos – will govt. go back on its words?

Brewing geopolitical tensions coupled with fears of trade wars and inventory cuts are expected to keep crude up in the near term

Bullish on earnings growth; GDP won't impact mood: IDFC Sec

Anish Damania, Head-Institutional Equities, IDFC Securities says the firm expects Nifty earnings growth rate to be 15 percent for the coming two quarters and will upgrade its Nifty targets from previous estimates of 27,000.

Worst over for ONGC, GAIL; OMC profits to go up: Edelweiss

The profits are poised to double over the next three years as the valuations, even after running so strongly, are not very expensive, Jal Irani, Oil and Gas Analyst, Edelweiss Financial Services told CNBC-TV18.

Govt-run suppliers allowed to sell bio-diesel to consumers

Government has decided to allow sale of bio-diesel by its manufacturers, suppliers or authorised dealers to all consumers, Parliament was informed on Thursday.

With diesel loss at historic low, experts see OMCs' upgrade

Domestic rating agency ICRA said that diesel prices reaching market prices is credit positive for the petroleum sector.

FIIs upbeat on India; Nifty to hit 6800-6900 by yr-end: BNP

FIIs have overweight positions in India and Thailand, but North Asia markets remain under-owned given the earnings concerns in markets like S Korea, Manishi Raychaudhuri of BNP Paribas Securities.

Lower duration funds look good for H1 of this year: L&T MF

CPI Inflation is expected to moderate sharply, however the key is to watch whether it can drop significantly below the stubborn 9% levels seen in the past few years, says Shriram Ramanathan, Head – Fixed Income, at L&T Investment Management.

Who 'really' gained from petrol deregulation?

Petrol prices were deregulated by the government on June 25, 2010 in an attempt to cut down the fuel subsidies and reduce the burden on upstream and downstream companies.

Eyes on L&T Q2 results; can Nifty hold above 6000?

The market fell for the second consecutive session on Thursday with the Nifty hovering in the 6045 range. While, earnings from Larsen and Toubro are expected to be stressed.

Buy oil marketing companies, says Baliga

Independent Analyst Ambareesh Baliga advised buying oil marketing companies at current levels. According to him, these stocks should be the best bets.

Further govt compensation to boost performance ahead: BPCL

S Varadarajan, Director-Finance of BPCL said the government had released Rs 7,239 crore as compensation to the company in the first half of the year. Its cumulative under-recoveries for the first six months were more than Rs 20,000 crore, added Varadarajan.

Suzlon gets 48.3 mw wind power order from Indian Oil

Wind turbine maker Suzlon Energy has received 48.3 mega watt wind power project order from public sector oil marketing company Indian Oil.