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BSE Prices delayed by 5 minutes... Prices as on Jun 18, 2019   ABB India 1540.6 [ 0.57% ]ACC 1526.45 [ 1.09% ]Ambuja Cements Ltd. 210.15 [ 2.16% ]Asian Paints Ltd. 1380.4 [ -1.53% ]Axis Bank Ltd. 776.25 [ -0.06% ]Bajaj Auto Ltd. 2856.8 [ 0.64% ]Bank of Baroda 116.6 [ -0.04% ]Bharti Airtel 345.65 [ 0.63% ]Bharat Heavy Ele 68.55 [ 1.93% ]Bharat Petroleum 385.7 [ 2.20% ]Britannia Ind. 2868.1 [ -1.06% ]Cairn India Ltd. 285.4 [ 0.90% ]Cipla 547.4 [ 0.48% ]Coal India 260.35 [ 2.02% ]Colgate Palm. 1142.2 [ -1.17% ]Dabur India 387.85 [ -3.23% ]DLF Ltd. 173.25 [ 0.20% ]Dr. Reddy's Labs 2590 [ 1.54% ]GAIL (India) Ltd. 308.05 [ 0.70% ]Grasim Inds. 880.45 [ 0.19% ]HCL Technologies 1087.7 [ 1.28% ]HDFC 2154.3 [ -0.79% ]HDFC Bank 2416.8 [ -0.21% ]Hero MotoCorp 2667.55 [ 0.75% ]Hindustan Unilever L 1807.45 [ -0.49% ]Hindalco Indus. 190.05 [ -1.96% ]ICICI Bank 422.2 [ 1.88% ]IDFC L 34.85 [ 0.29% ]Indian Hotels Co 148.8 [ 1.88% ]IndusInd Bank 1408.55 [ 0.66% ]Infosys 750.65 [ 1.38% ]ITC Ltd. 275.6 [ 0.11% ]Jindal St & Pwr 151.5 [ -2.07% ]Kotak Mahindra Bank 1462.65 [ 0.23% ]L&T 1504.95 [ 0.40% ]Lupin Ltd. 708.75 [ 0.28% ]Mahi. & Mahi 625.95 [ 0.28% ]Maruti Suzuki India 6437.05 [ -2.20% ]MTNL 7.83 [ -5.89% ]Nestle India 11454.95 [ -0.15% ]NIIT Ltd. 104.55 [ -0.33% ]NMDC Ltd. 105.2 [ -0.66% ]NTPC 132.5 [ 0.23% ]ONGC 166.1 [ 0.88% ]Punj. NationlBak 75.4 [ -0.66% ]Power Grid Corpo 197.7 [ 1.88% ]Reliance Inds. 1282.55 [ 0.08% ]SBI 340.25 [ 0.74% ]Vedanta 168 [ 2.47% ]Shipping Corpn. 29.05 [ 0.35% ]Sun Pharma. 378.4 [ -1.11% ]Tata Chemicals 621.55 [ 0.06% ]Tata Global Beverage 247.55 [ 0.84% ]Tata Motors Ltd. 158.3 [ -0.35% ]Tata Steel 472.75 [ -0.06% ]Tata Power Co. 64.35 [ -0.31% ]Tata Consultancy 2251.7 [ 0.27% ]Tech Mahindra Ltd. 741.1 [ 0.59% ]UltraTech Cement 4512.95 [ 1.30% ]United Spirits 535.3 [ -0.75% ]Wipro Ltd 297.8 [ -0.48% ]Zee Entertainment En 339.75 [ 0.50% ]

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Oil scripts mild rebound as US stockpiles drop 29/07/2015 09:40

Snapping a prolonged losing streak, oil prices edged higher on Tuesday as a drop in US crude oil supplies eased fears over a supply glut.

The industry-funded American Petroleum Institute (API) reported a draw of 1.9 million barrels in US crude oil stockpiles last week.

Traders weighed mostly upbeat US economic data which showed that private sector growth accelerated in July, home prices continued to rise in May, albeit at a slightly slower pace, and a regional manufacturing gauge picked up steam, signaling strong progress in the world’s biggest economy, lifting the demand outlook for the fuel.

A combined gauge measuring US manufacturing and services climbed to 55.2 in July from 54.6 in June, with a reading above 50 signaling expansion. Home prices in 20 US leading cities climbed 4.9 per cent, year on year in May 2015, while manufacturing activity in the Central Atlantic region accelerated as the Fed Richmond manufacturing index climbed to 13 this month from 7 in June, with a reading above zero signaling expansion.

However, consumer sentiment in the US plunged in July with the confidence index slipping to 90.9 from a revised 99.8 in June, dampening some of the optimism over US economic growth, and trimming gains in Oil.

Crude oil may extend gains today ahead of the EIA data which may show a drop in US crude stockpiles last week.

At the MCX, Crude oil futures, for the August 2015 contract, closed at Rs 3,083 per barrel, up by 0.13 per cent, after opening at Rs 3,071, against the previous close price of Rs 3,079. It touched an intraday high of Rs 3,113.

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