Rudra Investment: Lightening Of Crude, Demand May Decrease

Rudra Investment Expert Says That The crude oil in the international market got a boost. Brent crude prices rose 0.24 percent to $ 70.81 a barrel on Wednesday. Earlier on Monday, Brent had reached a high of $ 71.34 a barrel.

At the same time, US West Texas Intermediate (WTI) crude was trading at around $ 64.26 a barrel, with half a percent increase. On Monday, the price of WTI crude reached a high of $ 64.77 a barrel. This year, Brent has seen a 30 percent jump, while WTI has grown 40 percent. Talking about the domestic market, on Tuesday, around 12.30 pm, the April futures of crude oil on MCX was trading at Rs 4455 with a modest increase of Rs 4.

The commodity market analyst Rudra Investment say that the continuing cut in the supply of member countries of the OPEC, the Organization of Petroleum Exporting Countries, has not seen a significant drop in crude oil prices. Last year, OPEC had announced 12 million barrels per day (BPD) cut in supply, which is still going on. Along with U.S. sanctions on Iran and Venezuela, the supply of crude oil has decreased. Apart from this, supply in Libya can get support from the house ahead of the supply disrupted. There is a fight in the rebel army and the army of the country in Libya.

However, there is an estimated reduction in the demand for crude oil in the global economy by the indication of sluggishness. In fact, the International Monetary Fund released its Tuesday on Tuesday to cut the forecast of global economic growth. It is believed that the demand for crude oil will come down in the coming days. This news has taken a huge boost in the prices of crude oil.

Winning Strategy For Indian Share Market Tips

Indian Share Market Tips |  By keeping an eye on every movement of shares, your investment can be safely done. Here we are talking about such stocks which will remain in the news today and on which the market will look.

Kotak Mahindra Bank

Kotak has reduced the share in Kotak Mahindra Bank. Kotak Mahindra Bank has issued preference shares of 500 crores. Uday Kotak's share in the bank has decreased from 29.74 per cent to 19.7 percent.

RIL / SBI

A partnership agreement has been signed between RIL and SBI, under which the SBI Yono app will be associated with My Geo and the services of Yono app on Mieijio will be available. Through this, SBI will provide video banking facility to the customers. SBI customers will get the benefits of Geo-Prime and SBI customers will get more loyalty benefits than before. Geo will also be SBI's preferring digital partner.

ONGC

In the Indian Share Market Tips the first quarter of FY2019, ONGC's profits have been Rs. 6140 crores. In the first quarter of the fiscal year 2018, ONGC's profits were Rs. 3880 crores. In the first quarter of FY2019, ONGC's income has been Rs 27210 crores. In the first quarter of the financial year 2018, the income of ONGC was Rs. 19070 crores. In the first quarter on the basis of the first quarter, ONGC's EBITDA has been Rs. 14,695 crores as against Rs. 14411 crores. In the first quarter on the basis of the first quarter, ONGC's Ebidata margin is 54% against the 53.7% estimate.

Indiabulls Housing Finance

In the first quarter of the financial year 2019, India Bulls Housing Finance's profits increased 29.6 percent to Rs 1049 crore. In the first quarter of the financial year 2018, India Bulls Housing Finance had a profit of Rs 809.5 crore.

In the first quarter of the financial year 2019, the income of Indiabulls housing finance has increased by 29% to Rs 3890.3 crore. In the first quarter of the financial year 2018, the income of Indiabulls housing finance was Rs 3,016.5 crore.

Shriram City Union

Morgan Stanley Asia has sold 13.2 million shares of Shriram City Union at a price of Rs 1922 per share through a bulk deal.

NBCC

NBCC received an order of 400 Crore from the government to make India Pavilion in Dubai World Expo 2020.

JK Paper

JK Paper has bought 76.37 percent stake in Sirpur Paper Mills.

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