Petrol Diesel price hike again, Japan Crude Oil import data

INR made the historically low level of 71 on Friday against US $ amid rising Crude Oil prices. This led to the recent rise in petrol and diesel prices. Oil Marketing companies raised the petrol price once again across the four major metros of the country on Saturday. The Per Litre petrol is selling at,  Rs 78.68 in Delhi, Rs 86.06 in Mumbai,  Rs 81.06 in Kolkata and Rs 81.77 in Chennai. Notable this is the seventh hike in petrol rates by Oil Marketing companies. 

The Agency for Natural resource and Energy in Tokyo released data of Crude Oil import by Japan from United Arab Emirates, Saudi Arabia, Kuwait, Iran, and Russia. The total crude oil import in July month amounted to Rs 90.554 million as said by the agency.  Arab Oil accounted for 82.5% of Japan's petroleum need.  

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Today's Stock Market Overview

At the end of the weekly trading session, market is showing its mix nature of being bullish and bearish too Sensex is hovering around 26,894 points and Nifty gained 4 points to 8222. Having a sight on Asian market, Japan's benchmark Index Nikkei topped with rise in 79 points to 16,642, Shanghai Composite fell down in the morning session but managed to balance and drifted up to trade positive with 12 points to 2,938. Axis Bank, M&M, Bajaj Auto, HUL, Hero Motocorp are the top gainers while Lupin, Bharti Airtel, BHEL, SBI and Sun Pharma are top losers trading negative today.

Idea Cellular, India's third largest telecom company stocks slumps around 10 percent today. Private equity firm Providence Equity Partners to sell about half of its stakes in Idea which amounts to be Rs 14 crore.

In Commodity Market, Gold is trading steady with 14 rupees up to Rs 28,877 per ten grams while Silver hiked up by Rs 169 to Rs 38,697. Natural Gas and Crude oil being positive are trading on Rs 163 and Rs 3317 respectively.