Equity benchmarks rebounded strongly as concerns about a US recession diminished, buoyed by the latest economic data. The Nifty index gained over half a percent in today’s trading session, following a 0.13 percent rise in the previous session and a 1.65 percent rally on Friday. ICICI Direct Technical Outlook – Nifty ICICI Direct’s technical analysis … Read more
The volatility in Crude oil prices with a upward bias, the concerns on marketing margins being fueled further due to ongoing election season, weakness in Gross refining margins, a led to pressure on Hindustan Petroleum Corporation (HPCL), Bharat petroleum Corporation (BPCL) and Indian Oil Corporations Ltd (IOCL) share prices. The Q4 results also held testimony … Read more
Bharat Petroleum Corporation stood amongst largest gainers in Nifty -50 Stocks with gains of close to 3% . Indian Oil Corporation was also not far behind with share price gaining 2-3%. Hindustan Petroleum Corporation share prices nevertheless rose close to 5% during intraday tards on Wednesday. The rally Bharat Petroleum , Hindustan Petroleum, Indian Oil … Read more