Oil & Gas Stock Rallies, Post Lunch Hours

crude oil Oil & Gas company stocks are rising up with Oil and Natural Gas Corporation, Indian Oil Corporation, Castrol India and Petronet LNG, on buying and selling momentum, in the afternoon hours on Thursday. The BSE Oil & Gas index used to be buying and selling 0.38 up at 15,632. However, stocks of Indraprastha Gas, Bharat Petroleum Corporation, Oil India, GAIL (India) and Hindustan Petroleum Corporation have been buying and selling.

Among the 51 stocks within the Nifty 50 index, 36 stocks have been buying and selling within the inexperienced, whereas 14 socks have been within the pink. Infosys, State Bank of India, Reliance Industries, Tata Consultancy Services, Tata Motors and NTPC have been among the top gainers within the Sensex index.

Commodity Tips- MCX Crude & Palm, Gold Silver Price today

crude palm oil

MCX Crude Palm Oil futures are doubtful to grow much given the overhang of inventories in Malaysia, where price of vegetable oil rose 3.9% month on month to hit 2.02 million tonnes in September, as per latest update.

The increase took stocks to their peak since February 2016. However, the local production declined for a second consecutive month. As per latest data, it is shown that a fall of 1.7% to 1.78m tonnes. MCX Crude Palm Oil futures closed at Rs 539.50 /10 kg in last session and could face selling on moderate rallies.

Meantime, Oil prices eased on Thursday as US fuel inventories rose in spite of efforts by OPEC to cut production and tighten the market. WTI crude futures were trading at USD 50.98 /barrel today, down 0.6 percent, from their last settlement.

Brent crude futures were at USD 56.58, down 0.6% from the previous close.  Starting the current year, the OPEC and other oil producers including Russia agreed to cut output by 1.8 mn. BPD /day to prop up prices.

Gold prices falls by Rs. 225 on muted demand from jewellers, MCX Silver rate

gold silver prices Gold prices slumped by Rs. 225 to Rs. 30,375 /10 gram at the bullion market on Thursday afternoon on muted demand from local jewellers, while Silver dropped by Rs. 450 to Rs. 40,000/kg on account of reduced off-take by industrial units and coin makers. Internationally, the price of gold rose 0.06% to USD 1,275.40 per ounce and silver by 0.24% to USD 16.61 per ounce in Singapore.

In New Delhi, the gold of 99.9% and 99.5% purity slumped by Rs.225 each to Rs. 30,375 and Rs. 30,225/10 gram, respectively. However, Sovereign remained unaltered at Rs. 24,700 piece of eight gram in limited deals, while Silver coins remained fixed at Rs. 74,000 for buying and Rs. 75,000 for selling of 100 pieces.

25 Sept Monday Best stock tips, Intraday Top stocks focus today

Sensex, Nifty extended initial losses and hit fresh intraday low in morning trade as Asian stocks weakness dampened sentiment. At 10.55 AM, Nifty opened at 9,867 level, down by 96 points while Sensex opened at 31,668 level, down by 254 points.

Shares of L&T Technology (LTTS), were trading at Rs. 772.65, down by 0.36% during Monday’s trading session on BSE. The company has announced the formal establishment of a design centre in Chennai, India dedicated for Vestas. The centre strengthens LTTS’ collaboration with Vestas sale and maintenance of wind power plants.

Capacite Infra-projects has made a stellar debut on the Exchanges amidst the weak market. The stock got listed on BSE at Rs 399/ share, up by 59.6% as against its issue price of Rs 250 / share.

Global pure-play engineering services, L&T Technology Services (LTTS), announced the formal establishment of a design centre in Chennai, dedicated for Vestas. The dedicated development centre will smooth the progress of cost-effective engineering solutions and focus on solutions in areas such as Energy Storage, Hybrid Energy and Smart products.

Cadila Healthcare – Zydus has obtained final approval from the USFDA for Amlodipine and Olmesartan Medoxomil Tablet.

Oberoi Realty has been selected as the successful bidder for the land of 60 acres located at Thane, for a consideration of Rs 555 crore.

NCDEX Market: Turmeric, coriander, crude palm oil rise

Turmeric power price Turmeric prices were trading up by 0.80 percent to Rs 7,538/quintal in futures trade today on uptick in domestic and export demand. At the NCDEX, turmeric for delivery in the October month was trading higher by Rs 60, or 0.80% to Rs 7,538/quintal with an open interest of 10,145 lots. Simultaneously, prices of Coriander rose 1.93 percent to Rs 4,551/quintal in futures trade as members widened positions amid rising spot demand, while crude palm oil for delivery this month rose by Rs 1.80, or 0.33% to Rs 543.30/10 kg, in a business turnover of 169 lots. Likewise, the oil for delivery in October went up by Rs 1.20, or 0.22% to Rs 539.80 per 10 kg in 138 lots.