Epic Update ICICI Bank
Equity benchmarks continued to trade higher in afternoon trade with the Nifty holding 8350 level. The broader markets marginally outperformed benchmarks with the BSE Midcap and Smallcap indices rising 0.7 percent and 1 percent, respectively.
The 30-share BSE Sensex was up 167.68 points or 0.62 percent at 27312.59 and the 50-share NSE Nifty climbed 50.25 points or 0.60 percent to 8378.60. About 1681 shares advanced against 920 declining shares on Bombay Stock Exchange.
Upstream companies and oil marketing companies gained as kerosene prices saw a 25 paise hike after 5 years. J Ramaswamy, Director Finance of HPCL expects rightful steps to be taken by the government on the kerosene subsidy front.ONGC surged nearly 5 percent while IOC, BPCL and HPCL gained over a percent.
The 30-share BSE Sensex was up 167.68 points or 0.62 percent at 27312.59 and the 50-share NSE Nifty climbed 50.25 points or 0.60 percent to 8378.60. About 1681 shares advanced against 920 declining shares on Bombay Stock Exchange.
Upstream companies and oil marketing companies gained as kerosene prices saw a 25 paise hike after 5 years. J Ramaswamy, Director Finance of HPCL expects rightful steps to be taken by the government on the kerosene subsidy front.ONGC surged nearly 5 percent while IOC, BPCL and HPCL gained over a percent.
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