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The market snapped a five-week winning streak and fell sharply by more than 1,100 points on the Sensex, weighed by geopolitical tensions surrounding around North Korea and disappointing earnings.
Around fifty companies including Andhra Bank, Apollo Tyres, Arvind, Chennai Petroleum Corporation, Berger Paints, Aban Offshore, Dabur India, Deep Industries, EID Parry, EIH Associated, GNFC, GSFC, Graphite India, Hindustan Petroleum Corporation, Indian Hotels, Kirloskar Oil, M&M, Repco Home Finance, RPG Life Sciences, Rico Auto, Monsanto, MRF, Sobha, TTK Healthcare, and Sundaram Brake Linings will announce their April-June quarter financials on Friday.
The S&P BSE Healthcare index was lagging during early morning trade on the BSE and was trading down by 1.42% as of 1031 hours on Friday, on the BSE. Dr.Reddy’s Lab was the top loser and was contributing most to the index losses.
The share of Duke offshore soared by over 10% during Friday trading session after the company informed on Thursday that the company has won a contract for a newly purchased crew boat Duke Express.
Open interest of Hexaware Technologies and Motherson Sumi have witnessed short covering positions during Friday’s trade.
Open interest and share prices of Chennai Petroleum Corporation, Biocon and Voltas Ltd have witnessed long built up positions.
The Cabinet is likely to consider this month sale of government's 51 per cent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) for over Rs 26,000 crore. The Department of Investment and Public Asset Management (DIPAM) in the Ministry of Finance is moving a note for consideration of the Cabinet for divesting government's entire 51.11 per cent shareholding in India's third-biggest fuel retailer HPCL to oil producer ONGC.
The Cabinet is likely to consider sale of government’s 51% stake in Hindustan Petroleum to ONGC for over Rs26,000 crore within 10 to 15 days
The Cabinet is likely to consider this month the sale of the government's 51 percent stake in Hindustan Petroleum Corp Ltd (HPCL) to Oil and Natural Gas Corp (ONGC) for over Rs 26,000 crore.
Open interest and share prices of Manappuram Finance and Chennai Petroleum Corporation and Ashok Leyland has witnessed a long built up position during Monday’s intraday trade.
Investors’ focus will be on Chennai Petroleum Corporation (market lot: 1,500), ICICI Prudential Life Insurance (1,300), Manappuram Finance (6,000), Repco Home Finance (700) and SREI Infrastructure Finance (5,000), as these shares will enter the derivative space from Friday on the NSE. Inclusion in F&O will help investors hedge their underlying positions.These stocks will not attract the circuit filter in intra-day trading.
Chennai Petroleum Corporation, SREI Infrastructure Finance, Manappuram Finance, Repco Home Finance and ICICI Prudential Life Insurance Company are going to be included in the F&O segment from June 30 on NSE.
The National Stock Exchange on Friday announced introduction of futures and options contracts in five securities. These stocks are: Chennai Petroleum Corporation, ICICI Prudential Life Insurance, Manappuram Finance, Repco Home Finance and SREI Infrastructure Finance. The stocks will be available for trading from June 30. The market lot, scheme of strikes and quantity freeze limits of these securities will be informed to members by June 29, NSE said.
Among public refineries, the output of Indian Oil Corporation increased 12.1% to 5.95 mt, while the output of Numaligarh Refineries moved up 8.7% to 0.26 mt, Chennai Petroleum Corporation 6.9% to 0.85 mt, and Mangalore Refineries 6.7% to 1.16 mt in May 2017 over May 2016. Further, the output of Hindustan Petroleum Corporation also increased 3.6% to 1.46 mt and Bharat Petroleum Corporation 1.7% to 2.
With the Oil and Natural Gas Corporation keen on acquiring Hindustan Petroleum Corporation, the Centre will have every reason to be pleased.
The Hindustan Petroleum acquisition will add 23.8 million tonnes of annual oil refining capacity to ONGC’s portfolio, making it the third-largest refiner in India
State-owned Oil and Natural Gas Corp (ONGC) is keen to acquire India's third-biggest fuel retailer HPCL in a Rs 42,254 crore deal after finding Bharat Petroleum Corp Ltd (BPCL) too expensive to buy. Following up on Finance Minister Arun Jaitley's Budget announcement of creating an integrated oil company, ONGC evaluated options of acquiring either Hindustan Petroleum Corp Ltd (HPCL) or BPCL - the two downstream oil refining and fuel marketing companies.
HPCL will add 23.8 million tonnes of annual oil refining capacity to ONGC's portfolio, making it the third-largest refiner in the country after IOC and Reliance Industries.
Indian Oil’s Director (Refineries), Sanjiv Singh took over as the Chairman of IOC on Thursday. Singh was the Director (Refineries) on the IndianOil Board since July 2014. Concurrently, Singh will also be Chairman of Chennai Petroleum Corporation Ltd. (CPCL) and Hindustan Urvarak and Rasayan Ltd. (HURL), a joint venture company set up to revive the fertiliser plants at Gorakhpur, Sindri and Barauni.
NEW DELHI Chennai Petroleum Corp Ltd has shut a 1.8-million-tonne-per-year diesel hydro desulphurisation (DHDS) unit at its 210,000-barrel-per-day refinery at Manali in Tamil Nadu for revamp, people familiar with the plan said on Thursday.
Sanjiv Singh has taken over as the Chairman of the country’s biggest company Indian Oil Corporation.
New Delhi: Sanjiv Singh has taken over as the chairman of country’s biggest company, Indian Oil Corporation (IOC). He replaces B. Ashok who superannuated Wednesday.
Sanjiv Singh has taken over as the Chairman of country's biggest company Indian Oil Corporation (IOC). He replaces B Ashok who superannuated on Wednesday.
Shares of Chennai Petroleum Corporation and ALLSEC Technologies slipped 6-7 percent intraday Tuesday on poor performance in the quarter ended March 2017.
Chennai Petroleum Corporation Ltd (CPCL), a subsidiary of Indian Oil Corporation (IOC), has posted a 38 per cent increase in net profit to ₹1,024 crore for the year ending March 31, 2017, against ₹740 crore in the previous year.