Mumbai, March 4 (IANS) The Indian equity markets opened sharply lower on Wednesday, tracking weak global cues and aggressive FII short positioning in index futures amid escalating geopolitical tensions in the Middle East.As of 9.28 am, Sensex lost 1,773 points, or 2.21 per cent, to reach 78,465 and Nifty eased 549 points, or 2.21 per cent, at 24,316.Main broad-cap indices performed in line with the benchmark indices, as the Nifty Midcap 100 declined 2.18 per cent, and the Nifty Smallcap 100 lost…
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New Delhi, March 3 (IANS) India is in a reasonably comfortable position as far as crude oil, LPG and LNG are concerned, with a stock of 25 days of reserve for crude and 25 days of products, including the quantity that is in transit on ships headed for the country’s ports, according to government sources.India imports over 85 per cent of its crude oil requirement, of which around 50 per cent is supplied by Middle Eastern countries through the Strait of Hormuz, flows from which has been disrupte…
New Delhi, Jan 5 (IANS) The US capture of Venezuela’s President Nicholas Maduro and taking over its oil fields could lead to Indian refineries benefiting from imports of heavier Venezuelan barrels, which trade at a discount to Brent, boosting their gross refining margins, a report showed on Monday.The report from Choice Institutional Equities said that India previously imported up to 400 thousand barrels per day (KBD) of Venezuelan crude and that access to equipment and investments could be gr…