Closing Bell: Global cues push Sensex, Nifty higher; midcaps outperform. Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur and Kaya gained up to 7 percent.
Fortis Healthcare, Mishra Dhatu, Mindtree, HDFC Standard Life, Phoenix Mills, Aban Offshore, Godrej Industries, Godrej Consumer Products, Dabur and Kaya gained up to 7 percent.
Market Closing: Benchmark indices closed higher despite crude oil prices, backed by metals, technology and FMCG stocks.
Market Closing: Benchmark indices closed higher despite crude oil prices, backed by metals, technology and FMCG stocks.
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The 30-share BSE Sensex was up 95.61 points at 34,427.29 and the 50-share NSE Nifty gained 39.10 points at 10,565.30 following positive global cues.
Hindalco, Nalco, Tata Steel, Vedanta, Hindustan Copper, JSW Steel, SAIL, Nalco and Jindal Steel & Power rallied up to 12 percent on higher commodity prices.
Hindalco, Nalco, Tata Steel, Vedanta, Hindustan Copper, JSW Steel, SAIL, Nalco and Jindal Steel & Power rallied up to 12 percent on higher commodity prices.
However, HPCL, BPCL and IOC were down 4-7 percent on higher crude oil prices.
Among others, Titan Company and HDFC were down up to 2.5 percent while Yes Bank, UltraTech Cement, ONGC, L&T and ITC gained up to 3 percent.
Nifty Midcap index was up 133 points.
Chambal Fertilizers, GNFC, GSFC, Shipping Corporation of India, Bombay Burmah, Phoenix Mills, Lemon Tree Hotels, Parag Milk Foods and Rain Industries gained up to 12 percent.
HEG, Graphite, Balrampur Chini Mills, Dhampur Sugar, Indian Hotels and Godrej Consumer Products were down up to 9 percent.
RS Software has narrowed its Q4 loss to Rs 5.9 crore from Rs 7.6 crore in previous quarter.
BPCL plans to start oil trading office in Singapore: Bharat Petroleum Corporation plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R. Ramachandran, said late on Wednesday.
"We will open office in the near future," he said, without specifying a timeline.</p><p>However, a company source, who declined to be named, said the office may start operations by September.
BPCL could become the second Indian state refiner after Indian Oil Corp to open a Singapore trading outpost as Indian buyers hunt for competitively priced spot cargoes from the Asian oil-trading hub, reports Reuters.
Coffee exports from India, Asia's third-largest producer and exporter, reached an all-time high at 3.95 lakh tonnes in the 2017-18 fiscal on strong demand for instant coffee, according to state-run Coffee Board.
The country had exported 3.55 lakh tonnes of coffee in the previous year.
The top three export destinations are Italy, Germany and the Russian Federation.
Crude Oil prices in Action: Talk that Saudi Arabia has its sights on USD 80-100 a barrel oil again ignited a fierce rally in commodities and resource stocks, though the potential boost to inflation globally put some pressure on fixed-income assets.
Among others, Titan Company and HDFC were down up to 2.5 percent while Yes Bank, UltraTech Cement, ONGC, L&T and ITC gained up to 3 percent.
Nifty Midcap index was up 133 points.
Chambal Fertilizers, GNFC, GSFC, Shipping Corporation of India, Bombay Burmah, Phoenix Mills, Lemon Tree Hotels, Parag Milk Foods and Rain Industries gained up to 12 percent.
HEG, Graphite, Balrampur Chini Mills, Dhampur Sugar, Indian Hotels and Godrej Consumer Products were down up to 9 percent.
RS Software has narrowed its Q4 loss to Rs 5.9 crore from Rs 7.6 crore in previous quarter.
BPCL plans to start oil trading office in Singapore: Bharat Petroleum Corporation plans to start a trading office in Singapore in the near future to procure crude for its refineries and trade oil products, its head of refineries, R. Ramachandran, said late on Wednesday.
"We will open office in the near future," he said, without specifying a timeline.</p><p>However, a company source, who declined to be named, said the office may start operations by September.
BPCL could become the second Indian state refiner after Indian Oil Corp to open a Singapore trading outpost as Indian buyers hunt for competitively priced spot cargoes from the Asian oil-trading hub, reports Reuters.
Coffee exports from India, Asia's third-largest producer and exporter, reached an all-time high at 3.95 lakh tonnes in the 2017-18 fiscal on strong demand for instant coffee, according to state-run Coffee Board.
The country had exported 3.55 lakh tonnes of coffee in the previous year.
The top three export destinations are Italy, Germany and the Russian Federation.
Crude Oil prices in Action: Talk that Saudi Arabia has its sights on USD 80-100 a barrel oil again ignited a fierce rally in commodities and resource stocks, though the potential boost to inflation globally put some pressure on fixed-income assets.
It was set to be the strongest day for the commodity complex in eight months as Brent crude futures climbed past USD 74 a barrel after a near 3 percent jump overnight.
The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to USD 80 or even USD 100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement's original target is now within sight, reports Reuters.
The surge came on a Reuters report that OPEC's new price hawk Saudi Arabia would be happy for crude to rise to USD 80 or even USD 100, a sign Riyadh will seek no changes to a supply-cutting deal even though the agreement's original target is now within sight, reports Reuters.
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