Thursday, 4 October 2018

CAPITAL STROKE :- MARKET UPDATE

MARKET NEWS :-

SHARE MARKET IMAGE
 OMCs hits 52-week low as government cut excise duty on petrol, diesel Shares of Oil marketing companies (OMCs) including HPCL, BPCL and IOC touched 52-week low after government cut excise on petrol and diesel by Rs 1.50, while OMC will absorb Re 1 cut. Finance Minister Arun Jaitley in press conference announced that the government has cut excise duty on petrol and diesel by Rs 1.50 per litre, while OMCs will absorb the cut of Re 1 per litre. Hindustan Petroleum Corporation was quoting at Rs 208.20, down Rs 43.15, or 17.17 percent. It has touched a 52-week low of Rs 208.20. Bharat Petroleum Corporation was quoting at Rs 314.80, down Rs 62.65, or 16.60 percent. It has touched a 52-week low of Rs 310. Indian Oil Corporation was quoting at Rs 135.00, down Rs 22.50, or 14.29 percent. It has touched a 52-week low of Rs 134.05. At 15:27 hrs GAIL India was quoting at Rs 362.85, down Rs 18.75, or 4.91 percent.

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