Page 8 - Crude Oil Price
Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead
MARKET WRAP: Pharma, power and IT stocks were the major gainers in trade on Tuesday, while index heavyweight Reliance Industries and select banking shares ended on a tepid note.
 "Sensex gains 375 pts, ends above 61K; Nifty atop 18,100; IT, metal lead")
Oil prices edge lower as China's extensive Covid-19 curbs dampen demand
Brent crude for January delivery was down 4 cents at $92.77 a barrel at 0112 GMT. The December contract expired on Monday at $94.83 a barrel, down 1%
 "Oil prices edge lower as China's extensive Covid-19 curbs dampen demand")
Why India may have to rework Russian oil purchase if a price cap is imposed
India will have to follow a delicate balancing act if the West imposes a pricing limit on supplies from Moscow
 "Why India may have to rework Russian oil purchase if a price cap is imposed")
Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally
CLOSING BELL: The Financial Services, IT, Pharma, Auto, and Consumer Durable indices gained over 1 per cent each, while others added up to 1 per cent
 "Sensex rises for 3rd day, up 787 pts; Nifty tops 18K amid broad-based rally")
Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%
Vedanta's oil and gas business also took a hit due to the windfall tax and lower crude prices in Q2, analysts said
 "Vedanta Q2 net profit falls 60% on higher expenses; revenue up 20%")
F&O expiry: Sensex rises 213 pts, Nifty holds 17,750; metals rally, IT slip
CLOSING BELL: Tata Steel, Power Grid, Sun Pharma, Axis Bank, Bharti Airtel, Kotak Bank, M&M, HDFC, Dr Reddy's Labs, and Titan were the leading winners
 "F&O expiry: Sensex rises 213 pts, Nifty holds 17,750; metals rally, IT slip")
Centre to receive Rs 40,000 crore from windfall tax, half from private cos
The windfall taxes were imposed in July and will only be removed if the price of oil falls below $70-75 per barrel
 "Centre to receive Rs 40,000 crore from windfall tax, half from private cos")
Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%
CLOSING BELL: The top drags were Nestle, Bajaj Finserv, HUL, Kotak Bank, RIL, HDFC, Bajaj Finance, Asian Paints, and IndusInd Bank as they fell in the range of 1 per cent to 3 per cent
 "Sensex snaps 7-day winning run, falls 288 pts; RIL slips 1.5%, Nestle 3%")
Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years
Muhurat Trading Session Wrap: Financial shares led by ICICI Bank, HDFC twins top gainers chart. Nestle, L&T also up smartly, while Hindustan Unilever sheds 3 per cent.
 "Samvat 2079: Sensex up 525pts; logs best Muhurat-day gain in 14 years")
Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong
CLOSING BELL: Meanwhile, the rupee will fall further against the US dollar over the rest of the year, a Reuters poll showed. It slipped to a record low of 83.21 today, and ended at 82.75/$
 "Sensex rises 96 pts after range-bound trade; Pvt banks weak, IT strong")
Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$
CLOSING BELL: HDFC, Nestle India, ITC, RIL, Axis Bank, and Ultratech Cement were the top gainers
 "Sensex gains 147 pts; Nifty holds 17,500; Rupee hits record low of 83/$")
MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420
On the upside, the MCX Crude Oil futures are likely to face resistance around Rs 7,070 and Rs 7,220. Natural Gas futures face resistance at Rs 485, above which it may pullback towards its 200-DMA.
 "MCX Crude Oil can dip to Rs 6,200; Natural Gas futures seen testing Rs 420")
Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak
CLOSING BELL: The gains were largely led by bank, auto, IT, and FMCG stocks. Their sectoral indices were up over 1 per cent each
 "Sensex gains 550 pts, Nifty near 17,500; PSB index up 4%, HDFC twins weak")
Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%
CLOSING BELL: Sectorally, the Nifty PSU Bank index climbed 3.6 per cent, Nifty Bank index 1.6 per cent, Nifty Financial Services and Private Bank indices up to 1.5 per cent
 "Sensex zooms 491 pts, Nifty tops 17,300; PSBs soar, Electronics Mart up 42%")
Centre hikes windfall tax on domestic crude oil, jet fuel and diesel export
The govt has hiked tax on domestically produced crude oil to Rs 11,000 per tonne from Rs 8,000 per tonne.
 "Centre hikes windfall tax on domestic crude oil, jet fuel and diesel export")
Sensex jumps 685pts, Nifty ends near 17,200; Infosys, HDFC, HDFC Bank shine
CLOSING BELL: A sharp pull-back in the US overnight triggered the relief rally in our markets on Friday. Benchmark indices however pared gains in the latter half of the trading day.
Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%
CLOSING BELL: The NSE Nifty 50 swung wildly in a range of 17,112 to 16,957 as the weekly F&O expiry was in focus. The index finally settled with a loss of 107 points at 17,017 .
 "Sensex slips 391 pts, Nifty holds 17K ahead of US CPI data; Wipro cracks 7%")
Oil prices rise on tight supplies, as IEA warns of global recession
The IEA downgraded its oil demand growth estimates slightly for this year to 1.9 million bpd and by 470,000 bpd in 2023 to 1.7 million bpd
 "Oil prices rise on tight supplies, as IEA warns of global recession")
Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100
CLOSING BELL: Power majors - PowerGrid, NTPC along with FMCG and select financial shares were the major gainers in trade among the Sensex 30 on Wednesday.
 "Sensex snaps 3-day losing streak, ends 479pts higher; Nifty reclaims 17,100")
Oil prices decline as dollar gains, US inflation data in spotlight
Oil prices slipped for a third straight session on Wednesday as the dollar gained steam and investors braced for U.S. inflation data
