Tanker day rates from delivering Saudi Arabia’s oil to Japan, an industry benchmark, fell to $51,000 a day, according to the Baltic exchange.
Experts believe that most central banks among the G10 countries will either ease monetary policy in the first half of 2016, or at least remain dovish.
The lacklustre performance of Cairn India — the operator of India’s largest onshore crude oil field — in the December 2015 quarter was not surprising given the falling crude oil prices.
This time around too, the Japanese currency has appreciated 5.4 per cent in the past two months. This, however, has given sleepless nights to Maruti Suzuki India’s investors.
In the past three years, when cement industry has been struggling with weak demand, UltraTech Cement has distinguished itself from its peers by consistently gaining market share.
Infosys showed relatively better momentum in client addition in the December 2015 quarter. It also increased constant currency revenue growth guidance for FY16.
There is more good news for the domestic aviation sector, which is among the biggest benefi ciaries of the falling fuel prices.
Analysts have factored in refining margins of $10 & $9/bbl for FY16 and FY17, which will help in earnings upgrade otherwise weighed by telco costs.
Atul Auto’s sales volumes grew 27% on an annualised basis between fiscal 2009 and fiscal 2015, compared with industry growth of 4%.
Buyers in global equity markets seem to be on a hiatus so far in 2016, a year that has seen nearly $3 trillion of value being eroded.
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