The Nifty ended with a gain of 58 points at 4,571. The index today surged to a high of 4,582 - up 107 points from the low of 4,475.
The NSE Nifty ended at 4,564 -- down eight points. The market breadth was failry positive. Out of 2,745 stocks traded, 1,709 advanced while 945 declined. The rest were unchanged.
Market breadth was positive; of 2,896 stocks traded on the BSE today, 1,496 advanced, while 1,275 declined.
Reliance gets $4.215 per mmBtu for the gas it produces from KG-D6 fields off the Andhra coast. The price is fixed for the first five years of production. KG-D6 gas production began on April 2 and is slated to rise to 80 mmscmd by year-end, nearly doubling the nation's gas output.
The higher MAT and confusion over whether its gas is eligible for a tax holiday have hurt the stock.
Cairn India, which is the operator of the block with 70 per cent stake, does not have to pay any royalty. At $50 per barrel crude oil price, the royalty outgo over the entire life of the field would be Rs 16,209 crore (Rs 162.09 billion) -- Rs 4,862.7 crore (Rs 48.62 billion) on its share and Rs 11,346.3 crore (Rs 113.46 billion) on behalf Cairn.
Commerce Minister Anand Sharma has issued several signals about his government's commitment to conclude the Doha talks, saying it is a priority issue for New Delhi. While many industrialised countries, including some developing nations, praised Sharma for adopting a conciliatory stance to break the 'impasse,' other members in the developing world are apprehensive about New Delhi's stance, especially its discussions with the US trade representative, trade envoys said.
The overall breadth was neutral as 1,506 stocks declined while 1,435 stocks advanced.
Besides addressing a high-level meeting of the US-India Business Council at Washington on June 17, Sharma will hold discussions with the US secretary of state Hillary Clinton. During his three-day engagements, the commerce and industry minister would meet US Commerce Secretary Gary Locke and US trade representative Ronald Kirk.
India on Monday emphasised the need for resuming talks on the WTO's stalled Doha Round, stating that the negotiating text for global trade can be the staring point for further talks.
In its recommendations to the finance ministry, the commerce ministry has made a strong case for helping exports, particularly in the labour-intensive sectors like leather, textile and handicrafts.
Commerce and Industry Minister Anand Sharma will meet new US Trade Representative Ron Kirk at Bali in Indonesia on June 6-7, on the sidelines of the meeting of the Cairns Group of farm product-exporting countries. The two countries have serious differences on the level of protection that can be given to farmers as and when the global market for farm products is opened up. India has argued all along that it cannot compromise on food security and livelihood concerns.
The NSE Nifty ended at 4,238, down 1 point. The market breadth was extremely positive -out of 2,816 stocks traded approx 87% (2,470) advanced while only 11% (316) declined. The rest were unchanged.
The index, in the last hour, surged to a high of 12,220, up 347 points. The NSE Nifty ended at 3,672, up 78 points.
The NSE Nifty ended at 3,555, down 66 points. The BSE Realty index declined over 5.5 per cent to 2,355. The market breadth was negative- out of 2,580 shares traded, 1,569 declined and 920 advanced.
Beating the slowdown, chartered accountants (CAs) have bagged jobs with top-notch companies in the latest campus placement drive, which has also seen more newly qualified professionals get jobs.
Now that the second season of the IPL is midway through, Rediff.com assesses the performances of the costliest players in the second season and finds out that they are not worth the price they came at.
The increase came after World Health Organisation raised its flu alert level to phase five out of six, signalling that a pandemic was 'imminent'. It called on all countries to immediately activate their pandemic preparedness plans.
Petrol is currently sold at a loss of Rs 6.68 per litre and diesel at Rs 5.81 per litre. Naik said the Vajpayee government had given Navratna oil firms the freedom to decide fuel prices.
Oil and Natural Gas Corp (ONGC) is in talks with super majors like ExxonMobil to replace Norway's Statoil and Petrobras of Brazil who have decided to quit its KG basin gas block.
India on Thursday launched its biggest-ever auction of oil and gas blocks, expecting $3 billion investment in exploration of 70 areas on offer for bidding.
India Inc is expected to post 35-45 per cent rise in net profit in the fourth quarter ended March 31.
State gas utility GAIL India on Tuesday won rights to retail CNG and piped cooking gas in two of the six cities auctioned and is set to win for another two cities, while its joint venture with Hindustan Petroleum beat Reliance Industries to bag another city.
Rediff reader Anil Raichur spotted Aussie pacer Mitchell Johnson at the Brisbane Domestic Airport.
The 314-runs first innings lead gained by New Zealand in the second Test is the highest ever they gained against India. The previous record was a 295-run lead at Christchurch in 1989-90.
After scoring a brilliant 115 in the first innings of Durban Test, Philip Hughes went one step further as he scored 160 in the second dig.
The latest available data from the Reserve Bank of India show a 77 per cent jump in the FDI in the first half of the current financial year (April-September), compared to what was $19.5 billion the same period a year ago.
High crude oil prices in 2008 have left the government richer by a few thousand crore rupees. In 2008-09, the government earned "windfall profits" from the petroleum sector as crude oil prices spiked, touching a high of $147 in July 2008.
The NSE Nifty closed at 4922, up 63 points. The market breadth was strong. out of 2874 stocks traded on the BSE, there were 1848 advancing stocks as against 942 declines.
India continued to enjoy the upperhand in the second and final Test against New Zealand despite a fighting unbeaten century from home team captain Brendon McCullum, who led a spirited fightback on an absorbing third day in Wellington on Sunday.
England stars Kevin Pietersen and Andrew Flintoff will give away 10 per cent of their Indian Premier League earnings to their respective counties Hampshire and Lancashire.
No period in the recent history of Indian oil and gas sector will perhaps leave its long- lasting imprint than 2010 that saw the unfolding of two events that could shape the future of this fast growing sphere.
Rajiv Mehta, senior analyst with India Infoline, a large brokerage house said his firm has immediately stopped covering Satyam and many other brokerage houses are also expected to do the same.
An English couple has been labelled "tourists of evil omen" as every time they went on holidays to New York, London or Mumbai, they have been on terror trail.However, the couple, Jason and Jenny Cairns-Lawrence from the West Midlands, must be among the world's luckiest people as they escaped unhurt after being in the cities during the terror attacks.
With terrorists using the sea route to unleash the deadliest attack on India in 15 years, an alarm has been sounded on security of oil and gas installations, particularly offshore areas, with companies offering to bear part of the cost of enhanced surveillance and patrolling.
Reliance Industries, India's largest private sector oil company that shut down all of its petrol pumps earlier this year because of huge losses, wants to restart selling petrol and diesel after margins on the two fuels turned positive.
India's 8 percent-plus growth has opened up opportunities where India is, for the first time, in a position to offer unprecedented opportunities to US businessmen in the nuclear power, space and manufacturing sectors.
The fifth match of the ICL 20s Indian Championship witnessed the in form Chandigarh Lions edge Mumbai Champs by two wickets in a low-scoring game at the LB Stadium in Hyderabad on Monday.
UBS Investment Research in its latest report estimated that ONGC and GSPC may get at least $5.5 per million British thermal unit for natural gas they will pump out from their respective Krishna-Godavari basin blocks. RIL is to get a fixed price of $4.2 per mmBtu for gas it would produce from Dhirubhai-1 and 3 fields in KG-D6 block from December-January, for the next five years.
Reliance's entry into the club of integrated energy majors, courtesy the start of oil production in the Krishna-Godavari basin, marks a strategic inflection point for India, as it comes some three decades after the last major find at Bombay High went into production.
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