Sensex falls 732 points from day’s high to end 181 points lower; here’s why
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
ONGC has tied up with the Rajasthan govt for setting up 5 GW of solar and wind capacity and is scouting for partners for the remaining 5 GW which includes offshore wind capacity
The company has attributed the disputed service tax and GST on royalty as the reason behind its loss in the March quarter.
The state-owned oil and gas major has discovered crude oil and natural gas in 'Amrit' and 'Moonga' blocks in Mumbai offshore.
The stock prices of city gas distributors surged as they cut CNG and PNG prices after the Centre revised the pricing methodology for domestic natural gas.
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070.
Lord Venkateswara temple in Tirupati city of Andhra has assets worth ₹2.5 lakh crore, which include gold deposits in banks, gold jewellery, bank deposits and land parcels spread across India.
Shares of ONGC, HPCL, and IOC rose up to 1%, while Adani Total Gas, Reliance Industries, and BPCL fell up to 1% on the BSE.