The domestic equity markets started Tuesday's trade on a strong note with the BSE Sensex going beyond the 36,800 mark for the first time ever, Nifty50 touched 11, 134.95 mark. In just few minutes, Sensex was at 36,816.53 level, with a gain of 97.93 pointswhile Nifty was at 11,115.50, up 30.75 points.

Around 400 bids have come for 86 geographical areas on offer under the ongoing round, the ninth one, for city gas licensing.

Tuesday was the final date for these. The technical bids would be opened between Thursday and the week after.

Shares of oil marketing companies (OMCs) like Indian Oil Corporation (IOCL), Hindustan Petroleum Corporation (HPCL) and Bharat Petroleum Corporation (BPCL) were trading higher by up to 6% in otherwise subdued market after Brent crude prices fell in the international market.

At 11:39 am; HPCL (up 6% at Rs 323), IOCL (5% at Rs 176) and BPCL (3% at Rs 424) were up in the range of 3% to 6% on the BSE, as compared to 0.07% decline in the S&P BSE Sensex.

New Delhi: Indian state refiner Bharat Petroleum Corp has requested an extra one million barrels of oil from the National Iranian Oil Co. (NIOC) for June, two industry sources said, amid a looming threat of stringent US sanctions.

The move by BPCL indicates that refiners will try to frontload their purchases from Iran ahead of a November US deadline for re-imposing sanctions on the country’s petroleum sector.

Bharat Petroleum Corporation Ltd (BPCL), a maharatna PSU, aims to commission the LPG bottling unit at Balangir, its second in Odisha, by March 2020.

The new bottling unit is being built at a cost of Rs 1.03 billion. The facility is to be spread over 23 acres at Barkhani village, around 12 km from the Bolangir railway station.

Shares of oil marketing companies (OMCs) were trading lower in the range of 2% to 4% on the BSE in early morning trade on Thursday after global crude oil prices hit 3-year high on Wednesday.

Hindustan Petroleum Corporation or HPCL (down 4% at Rs 308), Bharat Petroleum Corporation or BPCL (down 3.7% at Rs 390) and Mangalore Refinery & Petrochemicals or MRPL (down 3% at Rs 104) have hit their respective 52-week lows on the BSE in intra-day trade today.

Reports that the state-run oil marketing companies (OMCs) will absorb about Re1 a litre of the increase in diesel and petrol prices sent these stocks plummeting on Wednesday.

OMCs are Bharat Petroleum Corp. Ltd (BPCL), Hindustan Petroleum Corp. Ltd (HPCL) and Indian Oil Corp. Ltd (IOC).

Shares of oil exploration, equipment and services companies were trading higher on the bourses by up to 7% on Wednesday in otherwise subdued market after on higher crude oil prices.

Oil and Natural Gas Corporation (ONGC), Oil India, Aban Offshore, Jindal Drilling & Industries, Hindustan Oil Exploration and Deep Industries were up in the range of 3% to 7% on the BSE. On comparison, the S&P BSE Sensex was down 0.30% at 33,780 points at 10:07 AM.

Mumbai:State-run Bharat Petroleum Corporation Ltd (BPCL) is planning to hive off its gas business into a separate wholly-owned subsidiary, two people aware of the development said.

BPCL, which is present in various segments of natural gas sales and supply, has been strengthening its gas business over the past few years.

Public sector oil marketing company BPCL was the sole qualified bidder for Nagarjuna Oil Corporation (NOC), under IBC. The committee of creditors appointed by the NCLT met on Friday in Chennai to consider the bids of BPCL, a Maharatna PSU, and Citax Ventures, UK, promoted by S G Srinivas, who earlier as the promoter of Netoil, failed to bring in funds to revive NOC .

Inviting Real Estate Agents, Job Placements Agents, Educational Institutes, Software Service Providers, Real Estate Builders, Marriage Bureaus, Travel Agents, Restaurant Owners, Health & Fitness Centers and other Local Businesses to Post a FREE Classified Advertisement on Cootera.com Classifieds Website.