Tag «ONGC»

5th April, 2013 : Sell-off continues; Sensex, Nifty lie low

The crack gets bigger and bigger for the Indian equity markets as the downfall further extended to third straight trading session on Friday. Reports stated that continues offloading by the India-focused exchange-traded funds (ETFs) further dragged the benchmark indices lower. These funds were reportedly facing strong redemption pressure. The NSE Nifty has now dropped over …

4th April, 2013 : Thursday – Nifty ends below 200-DMA

The Indian equity market further cracked on Thursday extending its downfall to the second straight trading session. The Nifty has now dropped ~170 points in last two trading session. The benchmark indices witnessed accelerated selling pressure after the Nifty breached the 200 Day Moving Average third time in the past six trading session. The index …

Inpex Corporation acquires 26% stake in KG Basin block from ONGC

INPEX CORPORATION (INPEX) is pleased to announce that through its wholly owned subsidiary, INPEX Offshore East India, Ltd., it has agreed to acquire a 26% participating interest in the exploration block KG-DWN-2004/6 (the Block) in the deep water of Krishna Godavari Basin in the Bay of Bengal, offshore India, from India’s largest national E&P company, …