Philex petroleum stock price

With the storm raging in the Indian equity space through the past six to nine months, the benchmark indices have gone into a tailspin. The market is singed by an unabated flight of capital by foreign portfolio investors, economic challenges, and geopolitical uncertainties. The benchmarks are trailing more than 16 percent from their all-time highs scaled in October 2021. The 30-share BSE Sensex has lost close to 16 percent from its peak while the widely tracked Nifty 50 has tumbled nearly 18 percent from its all-time high. So far in 2022, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. The kind of beating suffered by stocks across sectors can be gauged from the fact that more than 85 percent of them from the universe of BSE 500, which is a collection of biggest companies in the country, are trading well below their 200-day moving average (DMA). Now what is this 200 DMA and what does it indicate? Close … [Read more...] about As 85% stocks from BSE 500 trade below 200-day average, experts advise caution

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × During this week, the Nifty has given a range breakout of 15,730–16,400, forming for three weeks. The index has formed higher tops and higher bottoms. On the daily charts, it has sustained above the 16,400-mark for four days, showing a positive undertone. On the indicator front, the relative strength index (RSI) plotted on the daily charts is holding above the 50 mark and making higher top, higher bottom formation, which shows positive momentum in the short term. The immediate resistance is at 16,700 and 16,975 followed by 17,132. The downside support for the Nifty is at 16,370, 16,000 and 15,671 levels. The Nifty is in a bounce-back mode. If it sustains above 16,700, it will move towards 16,975 in the coming days. Our positive view will be negated if it lips below 16,370. Here are … [Read more...] about Hot Stocks | Reliance Industries, M&M, Bharat Electronics can give 11-19% return in short term, here’s why

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × The ongoing downturn in the domestic stock market has seen nearly 83 percent of the stocks forming the Nifty 500 index, a collection of the biggest companies in the country, deliver flat or negative returns in 2022 so far. Many of these stocks are hovering below their 52-week lows and their 200-day moving average (DMA), data compiled by Moneycontrol showed. So far this year, the Nifty 500 index lost 12 percent, while the BSE Sensex and Nifty 50 have declined nearly 10 percent each. Companies that have seen the most erosion in their stock prices since the start of this year include Dhani Services , Solara Active Pharma , Brightcom Group , Indiabulls Real Estate , Metropolis Healthcare , Hikal , Indiabulls Housing Finance , Dilip Buildcon , Welspun India , Nazara Tech , … [Read more...] about Bear Market Woes: 83% of Nifty 500 stocks give negative returns in 2022

Trade Watchlist Portfolio Message Set Alert live bse live nse live Volume Todays L/H More × Shares of online gaming company Nazara Technologies surged 20 percent intraday on June 24 after the stock adjusted for the bonus issue. The stock was trading at Rs 614.25, up 17.92 percent against the previous close of Rs 520.90, at the time of writing this report. On May 13, Nazara announced the bonus issue in the ratio of one equity share for one equity share held by shareholders as on record date. Hence, the previous closing price of the stock halved to Rs 520.90, against Rs 1,041.80 earlier. The record date for the bonus issue has been fixed as June 27, which means a person having a share of Nazara Technologies by the closing of June 27 is eligible to get a bonus share. After hitting the lowest point since listing, the stock has rebounded. Its lowest closing was Rs 500.38 on June … [Read more...] about Nazara Technologies shares spike 20% as stock trades ex-bonus

Bank stocks are on the cusp of a bear market , and further declines may be ahead as the result of a slowing economy and an inverted yield curve . One popular barometer of bank stock prices, the SPDR S&P Bank ETF ( KBE ), opened trading down by 21% from its 2018 high, technically a bear market. And another key index, the KBW Nasdaq Bank Index (BKX) , wasn't far behind, down 18%. Financial stocks represented 13.3% of the capitalization-weighted S&P 500 Index (SPX) as of the end of February, per MarketWatch , and thus exert a significant impact on the market as a whole. "The underperformance of the banking sector has really started to accelerate since the Fed went dovish . Banks make money by making loans, so if the Fed is seeing a weaker economy possibly, then loan growth is going to be tough," as Michael Binger, president of Gradient Investments, told CNBC . Banks May Face More Steep Declines Ahead (Declines From 2018 Highs) KBW Nasdaq Bank … [Read more...] about Why Bank Stocks On Brink of Bear Market May Plunge Further

Share to Twitter Share to Linkedin Topline With oil prices down this month, billionaire investor Warren Buffett is once again buying the dip by adding to one of his favorite energy stocks, as his investing conglomerate Berkshire Hathaway purchased roughly $500 million worth of Occidental Petroleum shares this week. Key Facts Buffett’s Berkshire Hathaway purchased roughly 9.5 million shares of Occidental over the past week at a cost of nearly $530 million, according to a new regulatory filing late on Wednesday. After a buying spree that started in late February, Buffett’s investing conglomerate now owns roughly 152 million shares of Occidental—a 16.3% stake worth nearly $8.5 billion that makes Berkshire by far and away the largest shareholder in the energy giant. Shares of Occidental Petroleum failed to rally on the news Thursday, but it remains one of the best-performing stocks this year, rising over 90% thanks to the massive spike in oil … [Read more...] about Warren Buffett Adds To Massive Stake In Occidental Petroleum, Buying The Dip After Oil Prices Drop

New York (CNN Business) Warren Buffett's Berkshire Hathaway is betting that the oil boom isn't going to end any time soon. Berkshire Hathaway disclosed in a regulatory filing late Wednesday that it spent about $529 million to buy nearly 9.6 million shares of Occidental Petroleum in the past week. Berkshire Hathaway ( BRKB ) made the purchases between June 17 and June 22. Buffett's conglomerate now owns a 16.3% stake in Occidental Petroleum ( OXY ) , making it by far the largest owner of the stock. Mutual fund giant Vanguard is the second biggest investor, with a nearly 11% position in the company. Occidental Petroleum is the best performer in the S&P 500 this year, rising 92% as crude prices have soared. Shares were up more than 3% in early trading Thursday. Buffett says Berkshire's success is more about being 'sane' than 'smart' But Occidental Petroleum isn't the only energy company that Berkshire … [Read more...] about Warren Buffett must really love oil. Berkshire boosts Occidental Petroleum stake

Share to Twitter Share to Linkedin Topline Energy stocks once again outperformed the rest of the market as oil and gas prices remain elevated due to inflation; despite ongoing risks to tight global supply such as Russia’s invasion of Ukraine, some experts are now predicting that prices will decline by next year. Key Facts Energy prices have been surging in recent months: Demand remains high but supply has been tight ever since the West imposed sanctions on Russian oil after the country’s invasion of Ukraine in late February. Despite their first weekly loss in over a month last Friday, oil prices jumped again on Tuesday: The price of U.S. benchmark West Texas Intermediate sits at nearly $111 per barrel, while international benchmark Brent crude trades at more than $114 per barrel. Major energy companies were among the best-performing stocks on Tuesday as the market rebounded from its worst week since March 2020, with the Dow gaining over … [Read more...] about Energy Stocks Jump As Oil Surges Again—Prices Will Remain Elevated Through Summer

Share to Twitter Share to Linkedin Topline Stocks fell slightly on Wednesday as a growing number of major Wall Street firms warned that the likelihood of a recession has risen sharply, while Federal Reserve Chair Jerome Powell pledged that the central bank is “ strongly committed ” to raising rates until inflation moderates. Key Facts Markets finished lower in choppy trading: The Dow Jones Industrial Average fell 0.2%, less than 100 points, while the S&P 500 lost 0.1% and the tech-heavy Nasdaq Composite 0.2%. The Dow was down by as much as 400 points but stocks pared back losses following comments from Fed Chair Powell, who said the central bank is “determined to take the measures necessary to restore price stability” and that “ongoing rate increases will be appropriate.” Citigroup became the latest Wall Street bank to increase its recession odds, meanwhile, forecasting a 50% chance of a downturn as consumer demand “looks to be … [Read more...] about Stocks Fall After Powell Pledges More Big Rate Hikes To Combat Inflation

Share to Twitter Share to Linkedin Topline The stock market rebounded strongly on Friday, posting its first positive week this month as recession fears subsided somewhat thanks to positive economic data suggesting that inflation may have peaked, while some experts expressed optimism about the health of the economy. Key Facts Stocks snapped a three-week losing streak on Friday: The Dow Jones Industrial Average rose 2.7%, over 800 points, while the S&P 500 jumped 3.1% and the tech-heavy Nasdaq Composite 3.3%. Markets got a boost after the latest consumer sentiment survey from the University of Michigan showed that inflation expectations eased slightly in June, rising 5.3% compared to a year ago—but lower than the 5.4% expected. Investors also cheered optimistic remarks about the economy from St. Louis Federal Reserve President James Bullard, who said that recession fears are “overblown” and consumer spending remains strong. Stocks … [Read more...] about Dow Jumps 800 Points, Stocks Snap Three-Week Losing Streak After Inflation Expectations Ease