Thursday, February 9, 2023
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA
Oil Market News Today
Advertisement
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
  • Home
  • Market
    • All
    • Africa
    • Europe
    • Middle East
    • Russia
    • US
    • Venezuela
    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

    Construction of Dangote oil refinery Africa’s largest nears completion

    Construction of Dangote oil refinery Africa’s largest nears completion

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    Oil rises further from 3-week lows, but headwinds loom amid pandemic

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    TC Energy says new U.S. permit to boost Keystone pipeline oil exports by

    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas
No Result
View All Result
Oil Market News Today
No Result
View All Result
Home oil news

Sensex ends 561 points lower, Nifty at 10,305; PowerGrid, Cipla, BPCL top

June 24, 2020
in oil news
Sensex ends 561 points lower, Nifty at 10,305; PowerGrid, Cipla, BPCL top
Share on FacebookShare on Twitter


Sensex, Nifty Updates: Sensex and Nifty closed majorly bearish after a volatile session on Wednesday, as traders turned cautious in domestic market amid weakness in Asian indices including Nikkie, Hong Kong and SGX Nifty. Sensex closed 561 points lower at 34,868 and Nifty fell 165 points lower to 10,305. Earlier at opening bell, Sensex rose 250 points higher at 35,679 and Nifty climbed 58 points higher at 10,529. On Tuesday’s trade, Sensex ended 519 points higher to 35,430 and Nifty climbed 159 points higher to 10,471. Meanwhile, companies set to announce their earnings are Indian Oil, Balmer Lawrie, United Breweries, GAIL, Canara Bank, Prestige, Anup Engineering, Rane Holdings among others.

Here’s a look at the updates of the market action on BSE and NSE today

4.00 PM: Expert outlook on IOC Q4 result

Commenting on Q4FY20 results of Indian Oil Corporation, Jyoti Roy, DVP Equity Strategist, Angel Broking said,”Indian Oil Corporation (IOCL) reported a 6.2% YoY de-growth in consolidated revenues to Rs 1,18,439 crore for Q4FY20, due to fall in total sales of products (including exports) by 2.2% YoY to 22.2 million metric tons.

EBITDA for the quarter stood at Rs.215 crore against markets expectations of an EBITDA loss. During the quarter the company posted a consolidated loss before tax of Rs.13,610 cr. against a profit before tax of Rs.8,634 cr in Q4FY19.

Consolidated net loss for the quarter stood at Rs.5,185 crore as compared to profit of Rs.6,099 cr in the corresponding quarter previous year.

While the Q4FY20 numbers have come in ahead of street estimates on revenues and EBITDA front we believe that the Q1FY21 would be keenly watched by the markets given that demand would be adversely impacted for the better part of the quarter as compared to just about a week in Q4FY20.”

3.55 PM: Expert outlook

Latest Oil MArket NewsPosts

Commodity outlook: Crude oil gains; here’s how others may fare

Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices,

Stock Market Live: Sensex rises 300 points, Nifty above 11,250; Dr Reddy’s,

Ajit Mishra, VP – Research, Religare Broking Ltd.

Markets settled with a cut of over one and a half percent, taking a breather after the recent rally. Initially, the benchmark opened higher, taking cues from firm global cues but profit-taking gradually pushed the index lower as the session progressed. The existence of major hurdle at 10,550(200 EMA) in Nifty combined with caution ahead of the monthly derivatives expiry pushed the bulls slightly on the back foot. Finally, the Nifty index ended near the 10,300 mark. Amongst the sectors, barring FMCG all the other indices ended in losses with Banking, telecom, power and realty being the top losers.

The move was on the expected lines and we may see some consolidation before the next directional move. In the absence of any major event on the local front,  participants should keep a close watch on the global markets for cues. Besides, the performance of the banking and financial pack would be decisive for a further surge in the index. We expect volatility to remain high as traders would square-off and rollover their derivatives positions due to the scheduled expiry of June month contracts.

3. 40 AM: Closing

Sensex and Nifty closed majorly bearish after a volatile session on Wednesday, as traders turned cautious…



Read More: Sensex ends 561 points lower, Nifty at 10,305; PowerGrid, Cipla, BPCL top

Tags: Analysts callAsian marketsBPCLbrokerageCHINACiplaCoronavirusEconomic Growthendsexpert on Sensex Niftyexpert opinionHang SengInfosysmarket analysts on NSENiftyNifty OutlookpointsPowerGridSBISensSensexSensex gainersTech MahindraTopwhat do experts say

Related Posts

Commodity outlook: Crude oil gains; here’s how others may fare
oil news

Commodity outlook: Crude oil gains; here’s how others may fare

by Oil Market
July 31, 2020
0

NEW DELHI: There was a sea of green in the commodities market bullion, base metals and bullion futures rose...

Read more
Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices,
oil news

Shell’s second-quarter profit slumps 82% on coronavirus hit to oil prices,

by Oil Market
July 30, 2020
0

Carl Court | AFP | Getty ImagesOil giant Royal Dutch Shell on Thursday reported a sharp drop in net...

Read more
Stock Market Live: Sensex rises 300 points, Nifty above 11,250; Dr Reddy’s,
oil news

Stock Market Live: Sensex rises 300 points, Nifty above 11,250; Dr Reddy’s,

by Oil Market
July 30, 2020
0

Stock Market Live: Indian shares were trading higher on Thursday mainly led by gains in pharma and IT...

Read more
US stocks decline as stimulus negotiations heat up and earnings miss hopes
oil news

US stocks decline as stimulus negotiations heat up and earnings miss hopes

by Oil Market
July 29, 2020
0

Reuters US stocks closed down on Tuesday as investors mulled Senate Republicans' coronavirus stimulus package and a slew of...

Read more
Tokyo Gas : Acquires Oil and Gas Assets in Louisiana Through Castleton
oil news

Tokyo Gas : Acquires Oil and Gas Assets in Louisiana Through Castleton

by Oil Market
July 29, 2020
0

29 July 2020 Company: Tokyo Gas Co., Ltd. Representative: President, Takashi Uchida Tokyo Stock Exchange, Tokyo 1st Section Security...

Read more
Stocks in the news: Nestle India, UltraTech Cement, Mahindra Finance, ITC,
oil news

Stocks in the news: Nestle India, UltraTech Cement, Mahindra Finance, ITC,

by Oil Market
July 28, 2020
0

Nifty futures on the Singapore Exchange traded 76.5 point, or 0.69 per cent higher at 11,195, in signs that...

Read more
Next Post
Cautious Optimism that the Worst is Over for Oil and Gas Markets on the

Cautious Optimism that the Worst is Over for Oil and Gas Markets on the

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Today Oil Markets

Oil jumps 3% on supply cuts, improving demand

Oil jumps 3% on supply cuts, improving demand

3 years ago
Margaret Good hits Vern Buchanan on oil donations, misidentifies Interior

Margaret Good hits Vern Buchanan on oil donations, misidentifies Interior

3 years ago
Families living near oil wells need to know one critical stat for their

Families living near oil wells need to know one critical stat for their

3 years ago
KDF forces redesign of crude oil pipeline

KDF forces redesign of crude oil pipeline

3 years ago
Neptune Strikes Hydrocarbons at Dugong Well, off Norway

Neptune Strikes Hydrocarbons at Dugong Well, off Norway

3 years ago
Subsea 7’s Pipelines and Umbilicals for Aker BP’s Hod

Subsea 7’s Pipelines and Umbilicals for Aker BP’s Hod

3 years ago

Oil Market

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

Chinese oil giant CNPC eyes BP’s $1.5bn stake in Oman gas field

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Construction of Dangote oil refinery Africa’s largest nears completion

Construction of Dangote oil refinery Africa’s largest nears completion

July 31, 2020

Russia Oil Market

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

Global Ginger Essential Oil Extract Market 2020 with (COVID-19) Impact

July 31, 2020
CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

CORONAVIRUS (COVID-19) IMPACT ON Sandalwood Essential Oil Market OUTLOOK,

July 29, 2020
Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

Gas, Oil and Dual-fuel Burners Market Size 2020, Global Industry Trends,

July 28, 2020

Europe Oil Market

Oil rises further from 3-week lows, but headwinds loom amid pandemic

Oil rises further from 3-week lows, but headwinds loom amid pandemic

July 31, 2020
Shell posts $18billion loss in second quarter – News for the Oil and Gas

Shell posts $18billion loss in second quarter – News for the Oil and Gas

July 30, 2020
Path to net zero: European oil majors outpace US companies on climate goals

Path to net zero: European oil majors outpace US companies on climate goals

July 29, 2020
Oil price holds near four-month high amid bearish signals – News for the

Oil price holds near four-month high amid bearish signals – News for the

July 28, 2020
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • DMCA
  • CCPA

© 2020 MarketFor Oil.com

No Result
View All Result
  • Home
  • Market
    • US
    • Russia
    • Europe
    • Middle East
    • Africa
    • Venezuela
  • Oil News
  • Oil & Gas
  • Diesel
  • Oil Price
  • Politics
  • Industry
  • Companys
  • Production
  • Natural Gas

© 2020 MarketFor Oil.com