India imports two-thirds of its oil consumption!

Key benchmark indices edged lower on the first trading session of the week as stocks fell across the world on geopolitical worries over Ukraine and as a measure of Chinese manufacturing slipped. Gains in crude oil prices also weighed on the sentiment on the domestic bourses. India imports two-thirds of its oil consumption. Increase in oil prices raised fears of increase in current account deficit and increase in the government’s fiscal deficit. The barometer index, the S&P BSE Sensex, fell below the psychological 21,000 mark. The market breadth, indicating the overall health of the market was negative. The BSE Sensex closed at 20946.65 and 173.47 point down.india-oil consumption in India

Who Moved and Why

1. Cairn India gains along with crude oil price.
2. TVS Motor hits 52-week high after decent sales in February.
3. Atul Auto jumps after strong sales in February.
4. Jaiprakash Power Ventures slumps on asset sale plan.
5. OBC gains on fund raising plans.
6. Bajaj Auto declines after weak February sales.
7. AstraZeneca Pharma India hits the roof on delisting proposal.
8. Tata Motors slips after weak February sales.

Read detail analysis report here: – http://rrfinance.com/Reserch/Pdf/07-July/DMR/03rd_March_equity_closing_update.pdf

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