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“Before commencement of sales, gas produced from well D-2 was processed to meet the specifications and packed into ONGC pipeline from May 31, 2022, onwards. Subsequently, the Gas Transportation Agreement (GTA) between ONGC and HOEC was executed on June 03, 2022,” the company said.

Sebi had asked Capital Stroke and three persons -- Upendra Singh Rajput, Prashant Singh Baghel and Kamlesh Dhole -- not to access the securities market and buy, sell or otherwise deal in securities or associate themselves with securities market, directly or indirectly.

The benchmark bond yield closed at 7.49 per cent Wednesday versus 7.52 per cent a day earlier as a section of traders were quick to book profits. Yields had declined a maximum of 8 basis points through the day.

Foreign investors have been bearish on Indian markets for a multitude of reasons, including inflation and weakening rupee. IT stocks are among those names that have the largest concentration of foreign investor holdings thus, they were battered blue in May.

RBI noted that inflation pressures have intensified and it expects inflation to remain above the upper tolerance band of 6% for the first three-quarters of FY23. The RBI hiked CPI inflation forecasts by 100bps to 6.7% (vs earlier forecast of 5.7%) on the assumption of a normal monsoon in 2022

“If we look at a 10–15-year chart of policy rates, we are going nowhere into the upper quartile of that range, we will be somewhere stuck in the middle if what the RBI expects pans out and that is what I think is giving a lot of support to the market.”

The Dow Jones Industrial Average fell 93.07 points, or 0.28%, at the open to 33,087.07.

Banks have rising rates to help their margins, credit costs have suddenly peaked, they are falling, in fact there could be write back of provisions as well and they are taking that and investing to growth their businesses and of course credit growth is also recovering, said Desai.

Sebi asked banks, depositories and mutual funds not to allow any debit from the accounts of Rose Valley and its then directors. However, credits have been permitted.Further, the markets watchdog has directed all banks to attach all accounts, including lockers, held by the defaulters.

On the monthly timeframe, we have observed Fibonacci Extension from the October 2018 peak to the March 2020 lows. Critical resistance for the commodity is seen at $130, and once violated, Brent can see a faster move towards previous life highs of $145-150.