ONGC announces Capex of Rs. 2150 crore for oil exploration in India
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December 12, 2022
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Daily Snippets
Date: 12th December 2022
The Markets Today in a nutshell
SENSEX 62,131 (-0.08%)▼
NIFTY 18,497 (+0.0030%)▲
Domestic benchmark indices ended almost flat on Monday.
Negative global cues and foreign capital outflows dampened investor sentiment. Investors were cautious ahead of the U.S. Federal Reserve meeting later this week. IT, pharma and consumer durables stocks declined. On the other hand, PSU banks and oil & gas stocks advanced.
Day Leader Board
Nifty 50 Top Gainers
Stock
Change (%)
BPCL
▲3.10%
DIVISLAB
▲2.00%
COALINDIA
▲1.60%
UPL
▲1.40%
NESTLEIND
▲1.40%
Nifty 50 Top Losers
Stock
Change (%)
ASIANPAINT
▼-1.90%
INFY
▼-1.50%
KOTAKBANK
▼-1.20%
TITAN
▼-1.20%
EICHERMOT
▼-1.10%
Capital Flows
Title
Latest
MTD
YTD
FPI (US mn)
-94.7
-89.8
-23.1
News you could use
? Dalmia Cements share price on acquisition of Jaiprakash Associates Limited
Dalmia Cement (Bharat) Limited (DCBL), the wholly-owned subsidiary of Dalmia Bharat Limited entered into a binding Framework Agreement for the acquisition of the Cement, Clinker and Power Plants from Jaiprakash Associates Limited having a total cement capacity of 9.4 MnT.
? Honeywell Automation share price jumped as foreign brokerage maintains ‘buy’ rating
Nomura kept a ‘buy’ on the stock and raised the target to Rs 50,642 per share. It is the preferred pick for India’s digitalization. Execution and margin to pick up as services/exports recover. Expect a turnaround in H2FY23 continuing into FY24. The brokerage firm believes valuations are at reasonable levels as compared to peers.
? ONGC announces Capex of Rs. 2150 crore for oil exploration in India
Oil and Natural Gas Corporation Ltd proposes to drill 53 exploratory wells in Andhra Pradesh- 50 in the Godavari on-Land PML (Petroleum Mining Lease) Block of KG Basin and three in CD-ONHP-2020/1 (OALP-Vi) Block Of Cuddapah basin with an investment outlay of Rs 2,150 crore.
News from the IPO world?
Tata Group may be quietly preparing for another IPO
Abans Holdings IPO subscribed 11% so far on Day 1
Uniparts India shares list at discount to IPO price
Numbers? that matter
Indices Name
Latest
% 1D
% YTD
Dow Jones
33,476
(0.9) %
(7.9) %
10 Year Gsec India
7.3
-0.10%
12.50%
WTI Crude (USD/bbl)
71
0.00%
-7.20%
Gold (INR/10g)
53,950
0.40%
13.00%
USD/INR
82.31
-0.10%
10.70%
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