LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Read in App
Business News » World News

Sensex edges up on energy stocks; June inflation data awaited

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
  • View in App
Updated: Wed, Jul 12, 2017
12:10 pm
Reuters

India`s benchmark indexes edged higher on Wednesday as shares of energy companies advanced on the back of higher crude prices, though gains were capped as investors turned cautious ahead of consumer inflation data.

Oil prices rose more than 1.5 percent on Wednesday, extending gains from the previous day as the U.S. government cut its crude production outlook for next year and as fuel inventories plunged.

Investors, however, were also awaiting the consumer price inflation data, which is expected to cool to a record low of 1.70 percent in June, easing further from May`s 2.18 percent, according to a Reuters poll.

Markets are also keeping an eye on corporate earnings including from Tata Consultancy Services Ltd on Thursday and Infosys Ltd on Friday.

Analysts think the Indian market is over-stretched and they warn about a potential correction after indexes hit record highs in each of the two previous sessions.

"If the NSE (index) doesn`t cross 9,830 today, we could see a correction of around 150-250 points by this week," said AK Prabhakar, head of research with IDBI Capital.

"I think the sentiment is tepid for June-quarter results and the impact of GST (goods and services tax) will only be properly realised in the second half of the year."

The broader NSE Nifty was up 0.10 percent at 9,795.5 as of 0616 GMT, while the benchmark BSE Sensex was 0.02 percent higher at 31,753.17.

Reliance Industries gained 2 percent while state-run Oil and Natural Gas Corporation Ltd rose as much as 3.5 percent.

Among other gainers, liquor stocks rose after India`s apex court clarified that the ban on sale of alcohol within 500 metres of any state or national highways will not cover roads within city limits.

Som Distilleries Ltd, Globus Spirit Ltd and Tilaknagar Industries Ltd gained between 2.7 percent and 13.8 percent.

Disappointing June-quarter results saw CCL Products India Ltd slip as much as 7 percent. The company posted a 33 percent drop in net profit for the quarter.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:

LATEST NEWS

In chat with Anil Singhvi, analyst Vikas Sethi recommends Hikal, Biocon as top buys for big gains

Anil Singhvi’s Strategy April 19: Day support zone on Nifty is 14,350-14,450 & Bank Nifty is 31,400-31,700

Flavoured milk taxable at 12% under GST: AAR rules in Amul dairy case

CBSE CISCE Board Exams 2021 POSTPONED: Class 10 class 12 board exam candidates must know these IMPORTANT points - check here

JEE Main April Exam 2021 postponed; NTA says revised dates to be announced 15 days prior to exam

Kisan Vikas Patra scheme offers 6.9 pct interest; Which other schemes are offering HIGHER INTERESTS - Know here

Irdai imposes Rs 51 lakh penalty on 4 insurers

NEW LISTING TODAY: Macrotech Developers IPO to list today on the exchanges, Know what Investors should do

Railways to run Oxygen Express to meet demand during Covid 19; Green Corridor being created to facilitate movement of these trains

Gold Price Today 18-04-2021 – Be prepared to pay more for Gold, Silver; not just coronavirus, bullion prices may jump because of THIS reason

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved