Stocks of oil marketing companies (OMCs) witnessed up to 8% decline on Friday following a Rs 2 per litre cut in prices of petrol and diesel, the first in nearly two years. The decision came ahead of the model code of conduct that is likely to kick in shortly. The top loser was Hindustan Petroleum … Read more
Oil stocks jumped up to 8% on Monday led by gains in state-run Oil & Natural Gas Corporation (ONGC) and market heavyweight Reliance Industries (RIL) on fuel supply concerns in the aftermath of a missile attack on a Trafigura-operated fuel tanker in the Red Sea. ONGC shares hit their 52-week high of Rs 253.20 on … Read more
Equity markets were mixed during the week with a steep crash, followed by a recovery as investors continued to buy the dips. As many as 49 smallcap stocks have delivered double-digit weekly returns with four of them offering over 25% returns. PC Jeweller was the top gainer in the smallcap pack with nearly 60% return, … Read more
