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State owned ONGC Limited is planning to explore as many as 17 shale gas and oil wells in both east and west coasts with an investment of around Rs 700 crore.

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According to the minutes of a recent meeting of the Expert Appraisal Committee (EAC) of Ministry of Environment and Forests, the PSU sought the ministry's nod to prepare Terms of Reference for exploring the wells.

ONGC Stock Price: On April 25, 2016, at 09:53 hrs Oil and Natural Gas Corporation was quoting at Rs 214.50, down Rs 1.65, or 0.76 percent. The 52-week high of the share was Rs 343.00 and the 52-week low was Rs 188.00.

The company's trailing 12-month (TTM) EPS was at Rs 18.14 per share as per the quarter ended December 2015. The stock's price-to-earnings (P/E) ratio was 11.82. The latest book value of the company is Rs 169.02 per share. At current value, the price-to-book value of the company is 1.27.

Stock Market News Today

Closing bell: The BSE Sensex finished with an increase of 36 focuses at 25,880. The BSE Sensex opened at 25,980 touched an intra-day high of 26,080 and low of 25,783.

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The NSE Nifty shut with lost negligible three focuses at 7,912. The NSE Nifty opened at 7,954 hitting a high of 7,978 and low of 7,884.

The banking, finance, oil and gas, metal and pharma were among the top gainers. On the other hand, realty, IT, capital goods, teck and utilities stocks ended with losses.  

Latest News Movement on Equity Market

After an early morning gush, the market has cooled off a bit. The Sensex is up 80.73 points or 0.3 percent at 25707.48, and the Nifty up 19.50 points or 0.2 percent at 7869.95. About 978 shares have advanced, 849 shares declined, and 96 shares are unchanged.

Infosys, Lupin, TCS, SBI, ICICI Bank and GAIL are major losers while Infosys, Lupin, M&M, Bharti Airtel and Cipla are gainers in the Sensex. 

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Investment or Insurance Which one is better?

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Right execution of a monetary arrangement can help you to accomplish your dream of financial freedom. You might know about this yet you might be confuse at choosing which is better – investment or insurance. 

Investment and Insurance are two unique things. 

Investment is general commitment, month to month or yearly, which helps you in accomplishing your ultimate financial goals. On the another note, insurance is an approach to secure yourself and your family by paying an amount of premium. 

You enjoy the return on the investment whereas under term life insurance the total guaranteed will go to your chosen one.

You will be considered as a smart investor when you plan the duration and amount which can take you nearer to your financial goals by regular investment whereas you will be considered as a smart insurance purchaser when you arrange the sum which would be sufficient to cover the economic loss caused to your family.

Each investment comes with different duration and risks. On the contrary, when you settle for term insurance, you pay a little premium and get the maximum coverage as death benefits. In any case, in the event of you surviving the policy duration, you don’t get anything.

Hence, ideally you should go for both. The only complication in choosing this way is that you will have to set aside enough cash for both. However, it is not impossible if done through careful planning.

Stock Market Closing News Updates Nifty settles above 7700

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Closing bell:
The Indian stock market closed for the second consecutive session on Tuesday. The BSE Sensex ended with a gain of 123 points at 25,145. The BSE Sensex opened at 25,056 touched an intra-day high of 25,180 and low of 24,996.

The NSE Nifty closed with a gain of 38 points at 7,708. The NSE Nifty opened at 7,669 hitting a high of 7,717 and low of 7,663.

 

GAIL, Maruti Suzuki, Tata MotorsDVR, Tata Motors, ZEEL, Hero MotoCorp, Aurobindo Pharma and Dr Reddy's were among the gainers on NSE, whereas Coal India, Tata Steel, Idea Cellular, ITC, Tech Mahindra, HDFC Bank, SBI and HCL Tech were among the losers today.

Out of 1,801 stocks traded on the NSE, 621 declined and 926 advanced today.

A total of 32 stock registered a fresh 52-week high in trades today, whereas 11 stocks touched a new 52-week low on the NSE.

The Indian Rupee was trading down by 4 paise at 66.46 per US dollar.

Stock Market Closing Trend

The BSE Sensex ended with a loss of 12 points at 24,674. The BSE Sensex opened at 24,666 touched an intra-day high of 24,736 and low of 24,609.

The NSE Nifty closed with a gain of nine points at 7,555. The NSE Nifty opened at 7,542 hitting a high of 7,569 and low of 7,527.

On the global front, China's Shanghai Composite index closed down 0.76% and Hang Seng up 0.51%.

In Europe, the FTSE 100 trading up 0.65%. On the other hand, DAX and the CAC 40 up by 1% each.
 

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NTPC, BHEL, Tata Power, Tech Mahindra, GAIL, Grasim, ACC, Eicher Motors and Yes Bank were among the gainers on NSE, whereas TCS, Hero MotoCorp, Maruti Suzuki, Infosys and Axis Bank were among the losers today.

Out of 1,804 stocks traded on the NSE,594 declined and 943 advanced today.

A total of 17 stock registered a fresh 52-week high in trades today, whereas 20 stocks touched a new 52-week low on the NSE.

Intraday Stock Cash Tips: Ipca cracks 14%

Ipca Laboratories shares hit fresh 52-week low of Rs 480 on Friday, falling 14 percent intraday after Geneva-based fund decided not to source any anti-malaria drug from the company.

At 09:29 hours IST, the scrip of Ipca Laboratories was quoting at Rs 502.20, down Rs 56.35, or 10.09 percent amid high volumes on the BSE.

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Stock Cash Premium Tips: JSPL surges 5%

Jindal Steel and Power Ltd stock was higher by 5% at Rs.63. The company is planning to pay back Rs 250 crore to mutual funds on expiry of bonds, as per reports.

The scrip opened at Rs. 60 and has touched a high and low of Rs. 62.75 and Rs. 60 respectively.

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The stock is currently trading above its 200 DMA.

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Rupee down 28 paise at 66.65 against US Dollar

The Indian rupee on Wednesday hit a three-week low against the US dollar and closed lower by 28 paise. The rupee slipped on fresh demand for the dollar from banks and importers. And weak Asian currencies also weighed on the rupee.

On the domestic front, RBI at the monetary policy review decided to cut the repo rate by 25bps to 6.5%, while reducing the minimum daily maintenance of CRR from 95% to 90%. The central bank has gradually lowered the average liquidity deficit in the system from 1% of NDTL to a position closer to neutrality.