Sensex Surges 300 Points Huge Inflows in Oil and Gas Investors Shrug

first_imgDespite concerns regarding Iraq crises, investors helped surge the prices of oil and gases on Tuesday. Brent crude futures closed at $113 per barrel on Tuesday, amid the deteriorating situation in Iraq.IndexIndexCurrentCurrentChange (in points)Change (in points)Percent changePercent changeIndexS&P BSE SENSEXCurrent25521.19Change (in points)+330Percent change+1.31IndexS&P BSE 100Current7750.84Change (in points)+106.73Percent change+1.40IndexS&P BSE 200Current3116.33Change (in points)+41.70Percent change+1.36 S&P BSE 1007750.84+106.73+1.40 Suzlon Energy29.50-1.55-4.99 “We have seen a minor correction, and it’s giving an entry point to people who were not part of the earlier rally. Markets are likely to trade range-bound till the budget and we may see some portfolio shuffling,” Reuters quoted Suresh Parmar, head of institutional equities at Khandelwal Jain Management Consultancy (KJMC).”It’s still a buy-on-dip market and the outlook is positive,” he added.Price of six stocks declined among 30 listed companies in BSE index. They include Bajaj Auto, Cipla Ltd, Dr. Reddy’s Laboratories, Hero MotoCorp Ltd and Hindustan Unilever Ltd.Hang Sent Index closed at 23,203.59 points, with a decline of 97.08 points and a 4.02 percent change, while Japan’s Nikkei 225 closed at 14,975.97 points, with an incline of 42.62 points and a 0.29 percent change.Top Gainers:Name/SymbolName/SymbolPrice in INRPrice in INRChange (in points)Change (in points)Percent changePercent changeName/SymbolJPINFATECHPrice in INR33Change (in points)+3.75Percent change+12.82Name/SymbolIRB InfraPrice in INR209.60Change (in points)+15.20Percent change+7.82Name/SymbolIFCIPrice in INR40.20Change (in points)+2.15Percent change+5.65Name/SymbolHindustan CorpPrice in INR114.15Change (in points)+6.00Percent change+5.55Name/SymbolFederal BankPrice in INR125.10Change (in points)+5.95Percent change+4.99 Godrej Cons813.55-17.80-2.14 IndexCurrentChange (in points)Percent change 52 week High: 25,735.9052 week Low: 17,448.70 IFCI40.20+2.15+5.65 S&P BSE SENSEX25521.19+330+1.31 Bhushan Steel406.85-8.05-1.94 IRB Infra209.60+15.20+7.82 JPINFATECH33+3.75+12.82 INR strengthened at 60.1350 a dollar, with change of 0.0300 points and 0.05 percent. However, it opened weak at early trade at 60.3525 per dollar. Moreover, among 13 Asia-Pacific currencies, six currencies inclined among INR while the remaining seven declined.Top Losers:Name/SymbolName/SymbolPrice in INRPrice in INRChange (in points)Change (in points)Percent changePercent changeName/SymbolSuzlon EnergyPrice in INR29.50Change (in points)-1.55Percent change-4.99Name/SymbolSun TV NetworkPrice in INR434.10Change (in points)-9.80Percent change-2.21Name/SymbolGodrej ConsPrice in INR813.55Change (in points)-17.80Percent change-2.14Name/SymbolBhushan SteelPrice in INR406.85Change (in points)-8.05Percent change-1.94Name/SymbolMahindra & MahindraPrice in INR1180.80Change (in points)-19.90Percent change-1.66 BSE index ended up at 25,521 points with an incline of 330.71 points at 1.31 percent change, while Nifty reached 7631.70 points, surging 98.15 points with a 1.3 percent change.Day’s High: 52,545.90Day’s High: 52,545.90Day’s Low: 25,104.50Day’s Low: 25,104.50Day’s High: 52,545.9052 week High: 25,735.90Day’s Low: 25,104.5052 week Low: 17,448.70 Name/SymbolPrice in INRChange (in points)Percent change Federal Bank125.10+5.95+4.99 Mahindra & Mahindra1180.80-19.90-1.66 Sun TV Network434.10-9.80-2.21 Hindustan Corp114.15+6.00+5.55 Name/SymbolPrice in INRChange (in points)Percent change Day’s High: 52,545.90Day’s Low: 25,104.50 The standard and poor BSE index of oil and gas touched 11,690.27 at 324.86 incline and 2.86 percent change. The stock price of ONGC touched Rs. 444.55 with an incline of Rs. 17.40 and a 4.07 percent change. Besides, the stock price of Banks and capital goods surged on Tuesday. S&P BSE 2003116.33+41.70+1.36last_img read more

Elon Musk Shows Off the First SpaceX Starship Test Vehicle

first_img This story originally appeared on Engadget This hands-on workshop will give you the tools to authentically connect with an increasingly skeptical online audience. SpaceX is done preparing the Starship for its very first test flight ever, and Elon Musk has shared an actual photo of assembly on Twitter. Formerly known as the “BFR,” the Starship is the private space company’s upcoming super heavy-lift launch vehicle meant for journeys to the moon and Mars and for hour-long trips anywhere on Earth.As you can see, the actual spacecraft has a lot more texture than the smooth computer render the SpaceX chief teased a few days ago. That’s because this is the suborbital version designed for vertical take-off and landing tests — Musk said the orbital version will be taller and have thicker skins that won’t wrinkle. It’ll likely take some time before we see that bigger, smoother Starship, though. For now, we’ll keep an eye out for the suborbital version’s first test flight, which could take place in as soon as one to two months. Enroll Now for Free Free Workshop | August 28: Get Better Engagement and Build Trust With Customers Now 1 min read January 11, 2019last_img read more

Transat buys up land in Mexico one step closer to launching its

first_img MONTREAL — Transat A.T. Inc. has made its first step towards the goal of opening its own hotels with the announcement that it has purchased land in Riviera Maya, Mexico.The stretch of land, located in Puerto Morelos on Mexico’s Yucatán Peninsula, is ideally situated midway between Cancun and Playa del Carmen, some 20 kilometres from Cancun International Airport.In addition, the company has entered into a promissory agreement to purchase a second adjacent property for a total consideration of between US$54 and $57 million to build a new beachfront resort.The agreement is subject to certain usual conditions and is anticipated to close on or around Nov. 1, 2018.“We are very pleased with these transactions in a prominent Mexican tourism market,” said Transat President and Chief Executive Officer Jean-Marc Eustache. “This is just the beginning: we are continuing our exploratory work with the objective of finding attractive land or hotels that we can acquire or manage. Our company’s future growth will be built on hotel development and, obviously, the strength of our leisure travel business.”More news:  Beep, beep! Transat hits the streets with Cubamania truckFirst announced in July 2017 following the sale of its minority 35% interest in Ocean Hotels, Transat’s new hotel division will include some 5,000 owned or managed hotel rooms at its main Sun destinations by 2024. Posted by Tuesday, September 25, 2018 Share << Previous PostNext Post >>center_img Tags: Hotels & Resorts, Riviera Maya, Transat Transat buys up land in Mexico, one step closer to launching its first resort Travelweek Group last_img read more