Oil marketing companies HPCL, BPCl, IOC are trading lower by 1-3 percent.

Market Update Equity benchmarks are off their low points, with the Nifty hovering around 10,250. The Sensex is down just around 20 points.

The Sensex is down 21.19 points or 0.06% at 34046.21, and the Nifty down 10.90 points or 0.11% at 10240.00. The market breadth is positive as 1,114 shares advanced, against a decline of 525 shares, while 1,992 shares were unchanged.

Shares of Yes Bank, Infosys, and GAIL were the top gainers, while Reliance Industries, Coal India, BPCL and HPCL lost the most.

Oct 30, 09:55 AM (IST)
BPCL falls Share price of Bharat Petroleum Corporation (BPCL) slipped 3 percent in the early trade on the back of weak set of numbers by the company for the quarter ended September 2018.

The company has registered 44 percent decline in its Q2 net profit to Rs 1,218.7 crore versus Rs 2,293.3 crore, QoQ. Its revenue rose to Rs 82,884.82 crore versus Rs 82,430.93 crore.

Oct 30, 09:50 AM (IST)
Morgan Stanley on Tata Power | Global research firm Morgan Stanley has maintained its overweight call on Tata Power with a target at Rs 94 apiece. The firm said that Tata Power has added 301 MW in H1 and has won new bids of 400 MW bids. It expects working capital to reduce, going ahead. Further, the cash profit generation in the second half should aid net debt reduction, it added. Morgan Stanley expects another six months for regulatory approvals to come in place for defence business.

source: moneycontrol.com