> Home / More Current Affair News / Current Affair Detail

Stocks of oil companies jump up to 7% after Iran deal



Updated On - Sunday, 22 December 2013

25, November 2013

MUMBAI: Stocks of oil marketing firms on Monday surged as much as 7 per cent after Brent crude prices fell following a historic nuclear deal between Iran and world powers.

HPCL stock soared by 6.94 per cent to Rs 216.45 apiece, while BPCL rallied 5.57 per cent to Rs 351.25 a share on BSE.

 

Similarly, IOC shares gained 3.38 per cent to Rs 207.50. Crude oil prices fell to $93.82 a barrel and Brent crude dropped to $108.54 per barrel.

Market analysts said that hopes of drop in import bill after crude oil prices fell in the overseas markets, following a key deal between world powers and Iran on its nuclear programme, fuelled buying in oil stocks.

Capping four days of negotiations, representatives of the P5+1 group of nations - the US, the UK, Russia, China, France and Germany - reached an agreement with Iran in Geneva yesterday.

Under the deal, Iran agreed to give better access to inspectors and halt some of its work on uranium enrichment. But Iranian authorities insisted they still had a right to nuclear power.

In return, there will be no new nuclear-related sanctions on Iran for six months.

Published by: The Times Of India

Entrance Exam Notice Board 2022
Entrance Exam Notice Board
All India
Common Law Admission Test (CLAT)
Exam Date : 05/08/2022 Last Date : 03/31/2022
Entrance Exam Notice Board
All India
Central Universities Entrance Test (UG) (CUET- UG)
Exam Date : Last Date : 05/06/2022
Entrance Exam Notice Board
All India
Central Universities Entrance Test (PG) (CUET- PG)
Exam Date : Last Date : 06/18/2022
Entrance Exam Notice Board
All India
Maharashtra Common Entrance Test (MHTCET)
Exam Date : 06/11/2022 Last Date : 04/23/2022
Entrance Exam Notice Board
All India
Maharashtra Master of Architecture Common Entrance Test (MAH MArch CET)
Exam Date : Last Date :
Entrance Exam Notice Board
All India
Maharashtra Master of Hotel Management and Catering Technology Common Entrance Test (MAH MHMCT CET)
Exam Date : Last Date : 04/20/2022
Entrance Exam Notice Board
All India
Maharashtra LLB Common Entrance Test (MAH LLB CET)
Exam Date : 06/07/2022 Last Date : 04/12/2022
Entrance Exam Notice Board
All India
Maharashtra Master of Computer Application Common Entrance Test (MAH MCA CET)
Exam Date : Last Date : 04/20/2022
Entrance Exam Notice Board
All India
Maharashtra Master of Business Administration Common Entrance Test (MAH MBA/MMS CET)
Exam Date : Last Date : 04/20/2022
Entrance Exam Notice Board
All India
Maharashtra Master of Education Common Entrance Test (MAH-MEd CET)
Exam Date : 05/19/2022 Last Date : 04/07/2022
Entrance Exam Notice Board
All India
Maharashtra Bachelor of Physical Education Common Entrance Test (MAH BPEd CET)
Exam Date : 05/11/2022 Last Date : 04/07/2022
Entrance Exam Notice Board
All India
Maharashtra BEd- MEd Integrated Common Entrance Test (MAH BEd MEd CET)
Exam Date : 05/09/2022 Last Date : 04/07/2022
More...