Mahanagar Gas hikes CNG rates in Mumbai; stock gains

The city gas distributor has announced a hike in prices for compressed natural gas (CNG) in and around Mumbai starting today to pass on the impact of increased costs.

The city gas distributor has announced a hike in prices for compressed natural gas (CNG) in and around Mumbai starting today to pass on the impact of increased costs.

Besides Adani Enterprises, shares of other group companies too are witnessing a recovery from the lows of the day.

Gautam Adani Bribery Case LIVE: A day after fallout from a US indictment against Indian billionaire Gautam Adani over allegations of bribery, the White House in a press briefing on November 21 said, it is aware of allegations levelled against…

In its report, brokerage firm Morgan Stanley highlighted that Reliance’s refining margins are beginning to recover after two challenging quarters. It also noted an increase in permanent refinery capacity shutdowns.

The proposed allottees indicated their decision to withdraw their subscription due to the prolonged time gap, which caused a change in their financial and strategic priorities.

REC and PFC shares fell 4% each on Thursday. While shares of REC are down 25% from their peak, those of PFC have corrected 22% from their respective record high levels.

Sensex Today | Stock Market LIVE Updates: Indian benchmark indices Nifty 50 and Sensex ended the previous trade session in the red. Nifty 50 closed at 23,349.90, while Sensex ended at 77,155.79.

Shares in Australia and Japan advanced. An index of US-listed Chinese stocks fell 1% Thursday, running against the grain of trading in New York but partly reflecting selling in Hong Kong stocks in their most recent session.

West Texas Intermediate traded near $70 a barrel and was up more than 4% for the week, while Brent closed above $74.

Other big tech struggled though with Amazon declining over 2%, while Alphabet shares fell over 5% over antitrust fears. Snowflake was an outlier, rising 33% after raising product revenue guidance and beating Wall Street estimates.