Petrol Diesel price hike again, Japan Crude Oil import data

INR made the historically low level of 71 on Friday against US $ amid rising Crude Oil prices. This led to the recent rise in petrol and diesel prices. Oil Marketing companies raised the petrol price once again across the four major metros of the country on Saturday. The Per Litre petrol is selling at,  Rs 78.68 in Delhi, Rs 86.06 in Mumbai,  Rs 81.06 in Kolkata and Rs 81.77 in Chennai. Notable this is the seventh hike in petrol rates by Oil Marketing companies. 

The Agency for Natural resource and Energy in Tokyo released data of Crude Oil import by Japan from United Arab Emirates, Saudi Arabia, Kuwait, Iran, and Russia. The total crude oil import in July month amounted to Rs 90.554 million as said by the agency.  Arab Oil accounted for 82.5% of Japan's petroleum need.  

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Sensex closes down 221.73 points, Nifty Ends below 9200 on geopolitical concerns

Benchmark BSE Sensex edged lower, tracking Asian share markets as geopolitical worries grew after the U.S launched cruise missiles against an air base in Syria.
Both indices have gained near 0.8 percent on the week, and are heading for a second successive weekly gain. Telecom major Bharti Airtel and Idea Cellular rose near 2.53% and 3.35%, respectively, after their competitor Reliance Jio Infocomm,  announced that  the telecom regulator had asked it to withdraw a three-month complementary offer to subscribers.
The Nifty Realty index rose nearly  1.14% to its highest in nearly two years. Reserve bank of India on Thursday said it has allowed banks to invest in REITs and  InvITs within regulations set by the capital markets regulator.
Indiabulls Housing Finance was down 2.19%, after the company announced that it has allotted its 15th tranche of NCDs aggregating to Rs 1,000 crore on a private placement basis.
The Indian rupee strengthened to a fresh 20-month high against the USD, a day after RBI increased reverse repo rate and conveyed concerns about inflation. The rupee was trading at 64.41, up 0.20%, from previous day’s close of 64.54. It opened at 64.70 a dollar and touched a high of 64.33.

High Pace on Silver & Crude Oil, but Sensex Nifty Moving Low

In the first trading session of the week, Rupee opened at 66.90 with the loss of 13 paise against the dollar. Indian Stock Market made a nice opening in morning session, but couldn't hold the hike for much longer and dropped very soon. Currently, the market indexes are moving in negative zone with minor loss. Sensex is trading at 25414.77 with the loss of 74.80 points and Nifty is trading at 7791.05 with the loss of 23.85 points. In current market, most of the Bse sectors are moving in negative zone except only few sectors which are Consumer Durables, Healthcare, IT, TECk and Bse Midcap. 

In Mcx Commodity Market, Gold, Silver, Crude Oil, Aluminium & Mentha oil are moving up with high pace while other base metals are trading low. Currently, Gold Live at 30123 with the hike of 89 points, Silver Live at 41373 with the hike of 399 points and Crude oil Live at 3129 with the lead of 32 points, while Natural Gas is trading at 139 with the loss of 2.20 points. The Ncdex Commodity Market is showing the average movements. Charjddel, Sybeanidr, Cocudakl and Sugarm up in the green zone, while Tmcfgrnzm, Dhaniya, Jeeraunjha and Barleyjpr are trading in negative zone. 

Monday Morning Stock Updates with Market News

Indian Stock Market gave a nice opening in the Monday Morning Session. But after a surprising performance on Friday, Mcx Commodity market opened very poorly today. With the hike of 152.76 points Sensex is live at 25105.50 and with the rise of 44.20 points Nifty is live at 7648.55 level. In BSE, except IT and TECk all the sectors have received the positive changes. Whether, Gold live at 29131 with the loss of 225 points, Silver Live at 37756 with the loss of 387 points and Crude oil live at 2758 with the loss of 6 points. 

In Hot Stock Updates- Aurobindo Pharma has got approval from USFDA for its Osteoporosis Medicine. Aurobindo Pharma Stocks seems moving upwards after this news. Government has given approval for the FDI Investment in NBFC Companies. After the announcement in the budget the approval is given for 25 sectors. This news will give positive impact on finance companies like Magma Finance, M&M finance and Repco Homes.