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Sensex drops 262 points, rupee declines 1% as global oil price surges

Business Standard, Sep 17, 2019

The yield on the 10-year government security rose nearly 8 basis points to 6.71 per cent. Bond yields and prices move in opposite directions Domestic equities, the rupee, and bonds came under selling pressure on Monday as the sharp surge in global oil prices sparked macroeconomic fears. The benchmark Sensex fell 0.7 per cent, or…

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Crude shock: Shares of oil marketing companies fall up to 7.04 pct

Financial Express, Sep 17, 2019

Shares of Bharat Petroleum Corporation was the worst performing stock in the BSE Oil & Gas index and closed at Rs 380.10, down by 7.04% or Rs 28.80. Prices of Brent opened at .45 per barrel and went up to .95 intra-day on Monday following the drone strikes on Saudi crude oil infrastructure. (Reuters) Shares…

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Stocks, rupee slip on Saudi oil slick

Mint, Sep 16, 2019

• Crude prices rising by a dollar would increase India’s import bill by roughly $1.6 billion a year, according to an estimate • On Monday, the Indian rupee weakened 0.94% to close at 71.60 a dollar Mumbai: India’s rupee weakened and stocks declined after drone attacks on Saudi Arabia’s oil facilities sent crude oil prices…

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Indian wealth manager recruits female director

Citywire Asia, Sep 13, 2019

Mumbai-based Sanctum Wealth Management has recruited an executive from Axis Bank, the country’s third-largest private lender. Sarita Kamat joined as executive director, relationship management in September. She reports to Puneet Periwal, a market head who oversees the western region. Kamat brings more than 25 years of experience in wealth management, mutual fund distribution, and advisory…

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