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Page 4 - Crude Oil Price

Rupee falls 12 paise to 82.63 against US dollar on strong greenback

The rupee depreciated 12 paise to 82.63 against the US dollar in early trade on Friday as a lacklustre trend in domestic equities and a strong greenback in the overseas markets dented investor sentiments. Besides, sustained foreign fund outflows and elevated crude oil prices in the international market weighed on the domestic unit, forex traders said. At the interbank foreign exchange, the domestic unit opened weak at 82.61 against the dollar, then fell further in early deals to 82.63, registering a decline of 12 paise over its last close. On Thursday, the rupee appreciated 3 paise to close at 82.51 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.15 per cent to 103.38. Brent crude futures, the global oil benchmark, declined 0.19 per cent to USD 84.34 per barrel. In the domestic equity market, the 30-share BSE Sensex was trading 183.51 points or 0.30 per cent lower at 60,622.71 points. The broader

Rupee falls 12 paise to 82.63 against US dollar on strong greenback
Updated On : 10 Feb 2023 | 12:37 PM IST

Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall

CLOSING BELL: Adani Enterprises, Adani Ports, Hero MotoCorp, Cipla, JSW Steel, Bharti Airtel, Sun Pharma, UPL, Ultratech Cement, HDFC, Bajaj Auto, and Tata Motors fell over half a per cent to 11%

Sensex rises 142 pts in fag-end, Nifty near 17,900; broader indices fall
Updated On : 09 Feb 2023 | 4:05 PM IST

Adani Enterprises, RBI policy takes Nifty above 17,850, Sensex leaps 378pts

CLOSING BELL: Adani Enterprises surged 23 per cent, while Adani Ports zoomed 9 per cent, leading the winners' list on the Nifty50

Adani Enterprises, RBI policy takes Nifty above 17,850, Sensex leaps 378pts
Updated On : 08 Feb 2023 | 4:16 PM IST

Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%

CLOSING BELL: Among sectors, the Nifty Metal index fell 2.2 per cent, followed by the Nifty IT index (down 0.6 per cent), and the Nifty Bank index (down 0.3 per cent)

Sensex snaps 5-day winning run, dips 335pts; Vi jumps 20%, Adani Ports 8.5%
Updated On : 06 Feb 2023 | 4:18 PM IST

Top Headlines: Oil's impact on budget, Microsoft cuts 10,000 jobs, and more

Business Standard brings you the top headlines at this hour

Top Headlines: Oil's impact on budget, Microsoft cuts 10,000 jobs, and more
Updated On : 19 Jan 2023 | 8:44 AM IST

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150

Closing Bell: Within sectors, the Nifty metal index closed with most strength, up 1.5 per cent, followed by financials and pharma pockets, while PSB index slumped the most by over 1 per cent

Sensex ends 390 pts higher driven by HDFC twins, metals, Nifty above 18,150
Updated On : 18 Jan 2023 | 3:36 PM IST

Oil gains 2% on optimism over world economy despite US crude build

If inflation comes in below expectations, that would drive the dollar lower, analysts said, which could boost oil demand because it makes the commodity cheaper for buyers holding other currencies

Oil gains 2% on optimism over world economy despite US crude build
Updated On : 11 Jan 2023 | 10:51 PM IST

Oil prices rise $1 on China's reopening optimism, US' fuel inventories

Brent crude futures were 94 cents, or 1.2%, higher at $79.63 a barrel at 0345 GMT, after settling 85 cents stronger at $78.69 on Thursday

Oil prices rise $1 on China's reopening optimism, US' fuel inventories
Updated On : 06 Jan 2023 | 10:31 AM IST

Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333

On the downside, MCX Crude Oil January futures could slide to Rs 5,940 or even re-test the recent lows at Rs 5,850-level; Natural Gas seems on course to test Rs 290 level.

Crude Oil may weaken below Rs 6,340; key support for Natural Gas at Rs 333
Updated On : 04 Jan 2023 | 9:55 AM IST

Rupee gains 9 paise to 82.69 against US dollar as crude price retreats

The rupee appreciated 9 paise to 82.69 against the US dollar in early trade on Tuesday, as crude oil price retreated from its elevated levels. Forex traders said sustained foreign fund outflows weighed on investor sentiments and restricted the appreciation bias. At the interbank foreign exchange, the domestic unit opened at 82.69 against the dollar, registering a rise of 9 paise over its previous close. On Monday, the rupee declined 17 paise to close at 82.78 against the US dollar. Meanwhile, the dollar index, which gauges the greenback's strength against a basket of six currencies, rose 0.03 per cent to 103.55. Brent crude futures, the global oil benchmark, declined 0.30 per cent to USD 85.65 per barrel. "India December Manufacturing PMI came in at 57.8 against 55.7 in November. This shows that economy is still resilient as has also been evident from other high frequency indicators such as car sales and core sector data," IFA Global Research Academy said in a research note. The

Rupee gains 9 paise to 82.69 against US dollar as crude price retreats
Updated On : 03 Jan 2023 | 10:33 AM IST

Oil price spike brings back subsidies but India wins at crude diplomacy

A wild swing in international oil prices in 2022 brought back indirect fuel subsidies in India in a setback to reforms, but the nation won at crude diplomacy as it refused to succumb to western pressures and continued to buy oil from the cheapest available source. International oil prices have been turbulent in the last couple of years. It dipped into the negative zone at the start of the pandemic in 2020 and swung wildly in 2022 -- climbing to a 14-year high of nearly USD 140 per barrel in March 2022 after Russia invaded Ukraine, before sliding on weaker demand from top importer China and worries of an economic contraction. But for a nation that is 85 per cent dependent on imports, the spike meant adding to already firming inflation and derailing the economic recovery from the pandemic. So, state-owned fuel retailers Indian Oil Corporation (IOC), Bharat Petroleum Corporation Ltd (BPCL) and Hindustan Petroleum Corporation Ltd (HPCL) froze petrol and diesel prices for the longest ...

Oil price spike brings back subsidies but India wins at crude diplomacy
Updated On : 02 Jan 2023 | 11:04 PM IST

Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841

CLOSING BELL: The NSE Nifty 50 declined 86 points to 18,105, and was up 4.3 per cent for the year 2022. Broader indices - the BSE Midcap and Smallcap outperformed in trades on Friday.

Sensex up 4.4% in 2022; ends last trading day 293 pts lower at 60,841
Updated On : 30 Dec 2022 | 3:51 PM IST

Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine

CLOSING BELL: The S&P BSE Sensex gained 732 points from the day's low, while the Nifty 50 jumped 218 points in intra-day trades, partly on account of short-covering owing to the monthly F&O expiry.

Sensex jumps 224 pts on late buying, Nifty nears 18,200; SBI, Airtel shine
Updated On : 29 Dec 2022 | 4:11 PM IST

Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%

CLOSING BELL: Auto majors - Maruti and Mahindra & Mahindra were the other prominent gainers among the Sensex 30, while Bharti Airtel and Tata Steel declined around a per cent each

Sensex, Nifty end flat; Broader market outperforms, Titan gains 3%
Updated On : 28 Dec 2022 | 3:50 PM IST

Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100

CLOSING BELL: The BSE Metal index surged over 4.5 per cent amid reports of China further relaxing its zero Covid policy.

Global markets, metals lift Sensex 361 pts higher; Nifty ends atop 18,100
Updated On : 27 Dec 2022 | 4:02 PM IST

Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000

CLOSING BELL: The NSE Nifty shut shop at 18,015, up 208 points. Broader indices outperformed the benchmarks with gains of up to 3 per cent.

Sensex snaps 4-day losing streak, ends 721 pts up; Nifty reclaims 18,000
Updated On : 26 Dec 2022 | 4:01 PM IST

Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%

Market at close: The pain was even more severe in the broader market space where the BSE MidCap and SmallCap indices fell 3 and 4 per cent, respectively

Sensex slumps 981 pts, Nifty ends near 17,800; PSU index crashes 6%
Updated On : 23 Dec 2022 | 3:41 PM IST

Shankar Sharma at BFSI Summit: Budget 2023 shouldn't tinker with LTCG tax

Market closing: The S&P BSE Sensex dropped 241 points to end at 60,826 levels in a broad-based sell-off. The Nifty50 gave up the 18,150-mark to close at 18,127, down 72 points

Shankar Sharma at BFSI Summit: Budget 2023 shouldn't tinker with LTCG tax
Updated On : 22 Dec 2022 | 4:30 PM IST

Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200

CLOSING BELL: The Pharma index advanced over 2 per cent today as diagnostics and healthcare firms climbed amid rising Covid-19 cases globally

Covid-19, growth concerns push Sensex 635 pts down, Nifty below 18,200
Updated On : 21 Dec 2022 | 3:46 PM IST

Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350

CLOSING BELL: Adani Enterprises, TCS, Axis Bank, Reliance Industries, ICICI Bank, IndusInd Bank, Nestle India, Ultratech Cement, SBI, and Infosys helped the frontline indices rebound

Sensex bounces 599 pts from lows, ends 104 pts down; Nifty tops 18,350
Updated On : 20 Dec 2022 | 3:39 PM IST