The markets pared their morning gains and were moving in a narrow range on Thursday amid firm global indices. Corporate results for the March 2018 quarter, global crude oil prices and rupee will continue to impact market sentiment during the day.
In results, Apollo Tyres, Asian Paints, Chennai Petroleum Corporation, Mphasis, Nestle India and Union Bank of India are among the few companies that are likely to announce their March 2018 quarter earnings later in the day.
In results, Apollo Tyres, Asian Paints, Chennai Petroleum Corporation, Mphasis, Nestle India and Union Bank of India are among the few companies that are likely to announce their March 2018 quarter earnings later in the day.
On Wednesday, the rupee tumbled to a low of 67.48 before closing at fresh 15-month low of 67.27, down by 15 paise against the dollar, due to growing concerns over surging crude prices and foreign capital outflows.
Global crude oil prices rose about three per cent on Wednesday and hit fresh three-and-half-year high. This was after a bigger-than-expected drawdown in US oil inventories which extended gains from Trump admin’s decision to quit a nuclear deal with Iran.
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Global crude oil prices rose about three per cent on Wednesday and hit fresh three-and-half-year high. This was after a bigger-than-expected drawdown in US oil inventories which extended gains from Trump admin’s decision to quit a nuclear deal with Iran.
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Contact us - 07316690000, 9977499927
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