After opening in the green, the Indian Indices have continued to trade firm during the morning session. Consumer durable and power stocks are leading the gainers. Mid and small cap stocks too are witnessing buying interest.
The BSE-Sensex is trading up by 240 points. The NSE-Nifty is trading up 66 points. The BSE Mid Cap index is trading up 2% and the BSE Small Cap index is trading up 2.3%. The rupee is trading at 63.58 to the US dollar.
Most energy stocks are trading higher today. Gujarat Gas and GAIL are leading the gainers. As per a leading financial daily, oil major ONGC has given out a Euro 100 mn contract to a French firm called 'Technip' to build an oil and gas terminal at Odalarevu in Andhra Pradesh. This terminal is slated to have a capacity of 6 million standard cubic meters per day, and will receive gas from ONGC's Vashistha and S1 fields in Bay of Bengal. The hydrocarbons extracted from these deep water offshore fields would be transported to this new onshore oil and gas terminal for processing.
Aluminum stocks are trading firm today. As per a leading business daily, aluminum major Hindalco is targeting a record US$ 1 billion of aluminium exports by the end of FY15. Encouraged by rising demand in the US and Europe, the company has set for itself this ambitious target. Reportedly, the company has exported less than half of this target as of mid-November.
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What else is happening in the markets today? Dig in...
ONGC share price is trading down by 7% and its current market price is Rs 118. The BSE OIL & GAS is down by 4.0%. The top gainers in the BSE OIL & GAS Index is CASTROL INDIA (up 1.3%). The top losers are ONGC (down 7.1%) and GAIL (down 6.3%).
The BSE OIL & GAS Index Down at 16,121 (down 2.1%). Among the top losers in the BSE OIL & GAS Index today are GAIL, ONGC and HPCL. Meanwhile, the BSE Sensex has plunged 2.8% to 50,400.
Here's an analysis of the annual report of ONGC for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ONGC. Also includes updates on the valuation of ONGC.
For the quarter ended December 2019, ONGC has posted a net profit of Rs 42 bn (down 49.8% YoY). Sales on the other hand came in at Rs 237 bn (down 14.4% YoY). Read on for a complete analysis of ONGC's quarterly results.
For the quarter ended June 2019, ONGC has posted a net profit of Rs 59 bn (down 3.9% YoY). Sales on the other hand came in at Rs 266 bn (down 2.4% YoY). Read on for a complete analysis of ONGC's quarterly results.
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