Live Stock Market Updates – Nifty tests 9700, Sensex above 31300, Oil stocks rise
The BSE Oil & Gas is the top gaining index in the morning session on Tuesday. It is up by 0.7% at 13,846. Indian Oil Corporation is contributing majorly to the index gains and pulling it to higher levels.
IOC is trading higher by 1.3% at Rs 412.10 per share.
Other stocks in the index viz. Indraprastha Gas is up by 2.1% at Rs 1094.50 per share, Petronet LNG is up by 1.3% at Rs 443 per share, HPCL is up by 0.9% at Rs 535 per share, Reliance Industries is up by 0.6% at Rs 1418 per share, ONGC is up by 0.5% at Rs 166.95 per share and BPCL is also trading higher by 0.3% at Rs 669.55 per share.
India has crossed China to become the largest contributor in incremental oil consumption in the year 2016, accounting for 21.8%.
India’s oil consumption jumped 8.3% to 212.7 million tonnes in the year 2016 as compared to a global growth of 1.5%, making India the 3rd largest oil consuming nation surpassing Japan in the previous year, accounting for approximately 4.8% of total consumption.
At 10 AM, the S&P BSE Sensex is trading at 31,352 up 41 points, while NSE Nifty is trading at 9668 up 10 points. A total of 49 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.
The BSE mid-cap Index is trading up 0.41% at 14,878, while BSE small-cap Index is trading up 0.32% at 15,703.
Some buying activity is seen in Healthcare, Information Technology and Oil & Gas indices, while Realty and Bankex indices are showing weakness on BSE.
Tata Power, Tata Motors, ICICI Bank and Infosys are among the gainers, SBI, Bank of Baroda, NTPC and HDFC are losing on the NSE.
The INDIA VIX is up 0.6% at 10.6.
IOC is trading higher by 1.3% at Rs 412.10 per share.
Other stocks in the index viz. Indraprastha Gas is up by 2.1% at Rs 1094.50 per share, Petronet LNG is up by 1.3% at Rs 443 per share, HPCL is up by 0.9% at Rs 535 per share, Reliance Industries is up by 0.6% at Rs 1418 per share, ONGC is up by 0.5% at Rs 166.95 per share and BPCL is also trading higher by 0.3% at Rs 669.55 per share.
India has crossed China to become the largest contributor in incremental oil consumption in the year 2016, accounting for 21.8%.
India’s oil consumption jumped 8.3% to 212.7 million tonnes in the year 2016 as compared to a global growth of 1.5%, making India the 3rd largest oil consuming nation surpassing Japan in the previous year, accounting for approximately 4.8% of total consumption.
At 10 AM, the S&P BSE Sensex is trading at 31,352 up 41 points, while NSE Nifty is trading at 9668 up 10 points. A total of 49 stocks registered a fresh 52-week high in trade today, while 35 stocks touched a new 52-week low on the NSE.
The BSE mid-cap Index is trading up 0.41% at 14,878, while BSE small-cap Index is trading up 0.32% at 15,703.
Some buying activity is seen in Healthcare, Information Technology and Oil & Gas indices, while Realty and Bankex indices are showing weakness on BSE.
Tata Power, Tata Motors, ICICI Bank and Infosys are among the gainers, SBI, Bank of Baroda, NTPC and HDFC are losing on the NSE.
The INDIA VIX is up 0.6% at 10.6.
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