Closing Bell: Sensex up over 280 pts, Nifty ends above 10,200; banks recover in last hour. Oil prices decoded: Who gets what when you fill up your vehicle with a litre of fuel.
Closing Bell: Sensex up over 280 pts, Nifty ends above 10,200; banks recover in last hour.
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The Sensex is up 286.68 points or 0.87% at 33255.36, while the Nifty is up 98.10 points or 0.97% at 10211.80.
Market at Close: The market has ended the first session of the new fiscal on a strong note, with the Sensex gaining over 280 points, while the Nifty has managed to end above 10,200. A gain in pharma, auto, IT and infra names pushed the indices in a strong zone, but a last hour recovery in the Bank Nifty aided sentiment and helped both closes around high points of the day. The market breadth favoured the advances.
Market at Close: The market has ended the first session of the new fiscal on a strong note, with the Sensex gaining over 280 points, while the Nifty has managed to end above 10,200. A gain in pharma, auto, IT and infra names pushed the indices in a strong zone, but a last hour recovery in the Bank Nifty aided sentiment and helped both closes around high points of the day. The market breadth favoured the advances.
The Sensex is up 286.68 points or 0.87% at 33255.36, while the Nifty is up 98.10 points or 0.97% at 10211.80.
Adani Ports, Kotak Mahindra Bank, and Cipla have gained the most on both indices, while ICICI Bank, Axis Bank, and IOC were the top losers.
Market Check: The benchmark indices trading strongly as Nifty touched 10,200 level in the afternoon trade. The Sensex up 275.30 points at 33243.98, and the Nifty up 92.10 points at 10205.80.
About 2048 shares have advanced, 527 shares declined, and 151 shares are unchanged.
Oil prices decoded: Who gets what when you fill up your vehicle with a litre of fuel.
India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates
Petrol prices on Monday hit a 4-year-high selling at Rs 73.83 per litre while diesel rates touched an all-time high of Rs 64.69 in the national capital. In Mumbai, the prices were even higher given the higher rate of VAT levied by the state government.
Though the crude prices have surged recently due to the decisions by oil-producing countries to reduce the production, India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates.
Though the crude prices have surged recently due to the decisions by oil-producing countries to reduce the production, India has the highest retail prices of petrol and diesel among South Asian nations as taxes account for half of the pump rates.
Fuel price build-up
Crude oil price on Monday opened at USD 69.33 per barrel which pegs the price of one litre of crude oil to Rs 28.35. The price is calculated assuming an average dollar-rupee conversion rate of Rs 65.03 per dollar and one barrel equal to 159 litres.
Crude oil price on Monday opened at USD 69.33 per barrel which pegs the price of one litre of crude oil to Rs 28.35. The price is calculated assuming an average dollar-rupee conversion rate of Rs 65.03 per dollar and one barrel equal to 159 litres.
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