Oil and Gas
Oil and GasReuters

The BSE-Sensex rose 0.44 percent, while the NSE Nifty gained 0.31 percent on Tuesday, following heavy inflows by foreign investors during previous trading session on Monday. The Sensex on Tuesday opened higher at 25469.94 points with a surge of 56.16 points and Nifty opened at 7631.60 points with an increase of 20.25 points during early trade.

On the other hand, the Indian rupee gained 7 paise at 60.10 per dollar versus previous closing price of 60.17 a dollar on Monday.

The BSE index closed at 25413.78 points with a surge of 1.25 percent, while NSE index recorded 7611.35 points with an increase of 1.37 percent on Monday.

Top gainers from BSE as on 1 July, Tuesday at 10:45 AM:

Name Symbol Last Change in ₹ Change in %
Sasken Communication Technologies Ltd SKCT 265.55 +44.25 +20
Control Print Ltd CONP 129.95 +21.45 +19.77
Pix transmissions Ltd PIXT 52.50 +6.55 +14.25
MM Forgings Ltd MMFO 265.35 +31.80 +14.16
Gujarat Automotive Gears Ltd GATG 292.50 +35.65 +13.88

Top losers from BSE as on 1 July, Tuesday at 10:45 AM:

Name Symbol Last Change in ₹ Change in %
Sree Rayalaseema Alkalies-Allied Chemicals SRRA_p 6.66 -1.03 -13.39
Dhanus Technologies Ltd DHAT 0.12 -0.01 -7.69
Meuse Kara & Sungrace Mafatlal Ltd MEUS 7.52 -0.54 -6.70
Secure Earth Technologies Ltd SECU 15.60 -1 -6.02
Banas Finance Ltd BANA 32.55 -1.95 -5.65

NSE top gainers were Sasken Communication Technologies Ltd, MM Forgings Ltd, Dhanuka Agritech, Texmo Pipes and Products Ltd and Visesh Infotecnics Ltd, whereas, NSE top losers were Steel Strips Wheels, Regancy Ceramics, MSP Steel & Power Ltd, Global Vectra Helicorp and Mangalam Timber Products Limited. However, the position of the companies changed frequently during the trading hours.

According to Reuters, foreign investors bought Indian shares worth $212.42 million on Monday. While, NSE index futures traded at Singapore exchange rose 0.3 percent but it fell in MSCI Asia-Pacific index by 0.1 percent.

The shares of Maruti Suzuki rose to 3.80 percent at ₹2531 per stock. According to Company's Press release, 112,773 units were sold in June 2014 compared to 84,455 units in 2013.

At 12 pm, BSE Oil and Gas, IT and Healthcare stocks declined, while rest 12 Indian stock indices surged. Among 10 companies listed in Oil and Gas sector, 6 declined and rest four surged. BSE Oil and Gas, IT and Health care stocks declined by 23.69 points, 71.97 points and 16.95 points respectively.

As global oil prices surged and the rupee weakened in last two weeks due to violence in Iraq, state run oil companies like Indian Oil Corporation, HPCL and BPCL raised the retail price of gasoline and diesel Tuesday onwards.

Oil companies have hiked petrol price by ₹2, whereas, diesel price has been raised by 56 paise. IOC recorded surge of 50 paise in stock price at ₹344.90 on Tuesday. However, prices of oil surged despite of assurance by Finance secretary and RBI governor regarding impact of Iraq crises to Indian oil reserves.

On the other hand among 10 IT stocks, only stock prices of three Companies appeared to be rising. KPIT Cummings Infosystems, Mphasis Ltd and Tech Mahindra's stock rose, while remaining stocks price of seven companies decreased.

The stock price of Infosys, Mindtree, Tata Consultancy and Wipro declined by 29.25, 6.50, 28.40 and 6.45 respectively during trading hours.

Among 17 Health care stocks, prices of seven companies stocks surged, while rest were traded at low prices. Wockhardt Ltd stock was  recorded at ₹592, with a surge of 17.40. 

At 12:40, Japan's Nikkei surged by 164.10 points at 15326 points and Hang Seng index recorded 23190.72 points with decrease of 30.80 points. Among US indices, DOW and S&P 500 declined and NASDAQ and TR US Index surged at 4408 points and 178.85 points respectively.

In the meantime, European stock indices DAX and TR Europe surged by 17.90 points and 0.09 points respectively. But, FTSE 100 and CAC 40 declined at 6743.94 points and 4422.84 points with a loss of 13.83 and 14.15 points during trading hours.