Indian Oil shares drop after co withdraws Rs 22,000 crore rights issue
Shares of Indian Oil Corporation (IOC) dropped 1% to Rs 178 in Tuesday’s trade after the company announced that it had withdrawn its Rs 22,000 crore rights issue because the government will not participate due to the lack of allocated funds for oil marketing companies (OMCs) in the Budget 2024-25. βThis is in continuation of…
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Stocks to buy today: IOC, HPCL among top 8 trading ideas for September 2, 2024
The Indian market is expected to consolidate on Monday, influenced by mixed global cues. The Nifty futures closed positively with a gain of 0.53%, ending at 25,398 levels on Friday. India VIX decreased by 2.86%, falling from 13.79 to 13.39 levels. On the options front, the maximum Call open interest (OI) is positioned at the…
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