Acute volatility marked trading in Indian equities during the week ended Friday. The market sentiments were clearly affected by political uncertainties, poor growth in factory output in India and continued concern over oil prices due to unrest in the Middle East. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), ended the week [...] Continue reading Indian equities fall on poor factory output, oil price
Tag Archive: oil
A benchmark index for Indian equities markets rebounded 217 points Tuesday after signs of a rapprochement in sight between the DMK, a key ally of the United Progressive Alliance (UPA) government, and its principal constituent, the Congress, and moderating global oil prices. The 30-share sensitive index (Sensex) of the Bombay Stock Exchange (BSE), which opened [...] Continue reading Sensex up 217 points on positive political cues, moderating oil pric
US crude oil price crossed $100 a barrel Wednesday, hitting the triple digits for the first time since October 2008, as violence in Libya caused anxiety in oil markets, Xinhua reported. On Wednesday, heavy gunfire broke out in Libya’s capital Tripoli, causing concerns that weighted the oil markets. After Libyan leader Muammar Gaddafi said in [...] Continue reading Oil hits $100 mark
With political turmoil in Egypt pushing up global oil prices, Finance Minister Pranab Mukherjee Tuesday hinted at keeping a status quo on the prices of petrol and diesel, saying the government will “manage” the current volatility in crude prices. “Unfortunately, developments in the Middle East and its impact on the Arab world is causing uncertainty [...] Continue reading Will manage fluctuating oil prices: Pranab
The trial of Chief Vigilance Commissioner P.J. Thomas in the palm oil import corruption case will continue, the Supreme Court ruled Tuesday. The decks were cleared after the Supreme Court said former Kerala chief minister K. Karunakaran’s appeal against the trial in the case was infructuous following his death. Thomas was Kerala civil supplies secretary [...] Continue reading CVC Thomas to face trial in palm oil corruption case