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The Energy Information Administration reported a build in crude oil inventories of 4.5 million barrels for the week to July 29. This compared with a draw of an almost identical size for the previous week. US crude oil inventories are at 426.6 million barrels, which is 7 percent below the five-year average for this time of the year. Gasoline inventories added a modest 200,000 barrels […]

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To 12 August 2022

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The domestic equity benchmarks pared gains in the morning trade. The Nifty traded below the 17,450 mark. IT shares extended gains for the second consecutive trading session. At 10:28 IST, the barometer index, the S&P BSE Sensex, was up 115.23 points or 0.20% to 58,465.76. The Nifty 50 index gained 34.65 points or 0.20% to 17,422.80. In the broader market, the S&P BSE Mid-Cap index […]

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With effect from 03 August 2022

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State Bank of India has set up a wholly owned subsidiary named State Bank Operations Support Services (SBOSS) for providing support services and Business Correspondent activities to SBI branches and RACCs in rural and semi urban areas, as approved by Reserve Bank of India. Final approval for setting up the subsidiary has since been received from RBI on 30 June 2022. Powered by Capital Market […]

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As per the data published by National Load Dispatch Center on power demand, the energy consumption at 128 BU saw 2.3% yoy growth in July 2022.

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