Petrol Price Cut by Rs. 2.41 Per Litre, Diesel by Rs. 2.25 0

 

diesel_625x300_51413652828New Delhi(Sharemasterindia.com): Petrol price was on Friday cut by rupee“>Rs. 2.41 a litre, the sixth reduction since August, while that of diesel was slashed by Rs. 2.25 per litre on the back of falling international oil rates.

The reduction in rates of petrol and diesel, which was deregulated for the first time in more than a decade, will be effective from the midnight of October 31 and November 1, Indian Oil Corp, the nation’s largest fuel retailer, announced.

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Sensex Surges Over 500 Points in Record-Setting Rally, Nifty Rises Above 8,300 0

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Sharemasterindia.com: BSE Sensex and Nifty surged to fresh highs for the second consecutive day, buoyed by the positive momentum from the recent reform measures announced by the government and higher global markets.

Sensex rose over 500 points to a new high of 27,854 while Nifty surged nearly 150 points to cross 8,300 for the first time ever.

Global markets rallied today after the Bank of Japan surprised financial markets by significantly expanding its massive stimulus programme. Tokyo’s Nikkei share index jumped almost 5 per cent in its biggest rise since June last year. European stocks were higehr while US futures prices pointed to similar gains when trading resumes in New York.

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Bharti Airtel Falls Despite Profit Beat in Q2 0

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Sharemasterindia.com: Shares in Bharti Airtel fell over one per cent to a day low of rupee“>Rs. 400.50 on Friday despite a beat in Q2 net profit. Bharti reported a 24 per cent sequential jump in its net profit to Rs. 1,383 crore in the July -September quarter, while its revenue declined half a per cent sequentially to Rs. 22,845 crore.

Analysts polled by NDTV had estimated its net profit at Rs. 1,287 crore on sale of Rs. 23,227 crore. Bharti, although beat street estimates on net profit but its revenue missed street estimates by nearly 2 per cent mainly due to disappointing performance in its Africa business which continued to lag behind.

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