The Sensex is down 767.88 points at 33993.01, while Nifty is
down 228.80 points at 10231.30. About 730 shares have advanced, 1728 shares
declined, and 962 shares are unchanged.
GMR Infra down 4% despite subsidiary sings MoU for natural gas supply:
Kakinada SEZ, a subsidiary of GMR Infrastructure, signed a MoU (Memorandum of Understanding) with the Andhra Pradesh Gas Development Corporation (APGDC) to get access to piped domestic natural gas for its upcoming 10,500-acre zone.
With this development, Kakinada SEZ would be the first zone on Eastern Coast of India that can provide piped Natural Gas supply to all its industrial units, the company said in press release.
Asian Paints falls 2% even as BofAML sees an upside of 35%:
Shares of Asian Paints slipped 2.6 percent intraday Thursday. Foreign research house BofAML has maintained buy with a potential upside of 35 percent.
The research house keeps a target of Rs 1,650 per share.
D-Street Buzz: PSU bank, IT stocks fall the most led by SBI, Infibeam; RIL recovers, HEG zooms 14%:
The benchmark indices have recovered from the low point of the day after the market crashed in the morning session on the back of weak global cues and with the rupee hitting new record low against the dollar.
The Nifty50 is trading down 183 points, trading at 10,276 while the Sensex has plunged over 599 points at 34,161.
IOC gains 6% on approval for investment proposal of Rs 7,315cr:
Shares of Indian Oil Corporation(IOC) gained 6.5 percent after the company approved an investment plan worth Rs 7,315 crore. The company board in its meeting held on October 11 approved investment for implementation of city gas distribution (CGD) for 7 geographical areas.
The Board has approved the estimated total capital investment of Rs 5,463 crore on an implementation of the CGD projects.
HPCL, BPCL, IOC shares rally 7-19% on sharp fall in crude oil prices
Crude oil is the raw material for oil marketing companies. So any fall or rise in oil prices always has the direct impact on their earnings and stock prices.
Source:- MoneyControl
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