News for Castrol India Limited (CASTROLIND.NS)

Castrol India shares surged 6% after the company received a favourable CESTAT ruling in a ₹4,131 crore tax dispute with the Maharashtra Sales Tax Department, dismissing decade-long claims. The verdict spurred high trading volumes and boosted investor sentiment.

"On the downside, 24,700 remains an immediate support, and if breached, the next stronger support lies near 24,500. The index needs to hold above these 24,500 levels to maintain its bullish outlook. On the upside, 24,900 will act as the immediate resistance, followed by a strong hurdle and psychological barrier at 25,000," said Hardik Matalia, derivative analyst, Choice Broking.

Apr 29, 2025 / 06:45AM GMTOperator Ladies and gentlemen, welcome to our 1Q 2025 earnings conference call for Castrol India Limited. (Operator Instructions) We h

Equity markets open higher on positive global cues, despite Indo-Pak tensions, with FIIs continuing buying streak.

Hindustan Zinc, Inox Wind, and PNB Housing Finance saw sharp gains after their inclusion in the NSEs F&O segment on March 28, driving higher trading volumes and turnover. Historically, F&O additions boost liquidity and institutional participation, potentially leading to sustained rallies. Analysts anticipate further upside if the trend continues.

NSE announced the exclusion of five stocks: Apollo Tyres, Deepak Nitrite, Escorts Kubota, MRF, and Ramco Cements from the F&O segment starting June. This follows earlier removals, with 16 more stocks exiting by February 2025. Markets rebounded on Friday after an initial dip.

The NSE Nifty 50 and BSE rose over 1% before paring gains from the day's highs on Tuesday. The indices were trading 0.88% and 0.87% higher, respectively as of 12:50 p.m. Earlier in the day, the Nifty 50 and Sensex logged the highest intraday jump since March 5. Intraday, Nifty 50 has risen 1.21% to the day's high of 22,781.40. The Sensex has gained 1.25% to the day's high of 75,094.30.

Stocks including IREDA, Tata Motors, HUL, NBCC (India), IndusInd Bank, IRCON International, JM Financial and RITES will be in the spotlight on Tuesday, March 18.

Indian markets closed higher on Thursday as financial and energy stocks surged. The BSE Sensex rose 609.86 points to 74,340.09, while Nifty 50 gained 207.40 points to 22,544.70. RBIs $21 billion liquidity infusion and lower crude prices boosted investor sentiment.

The Nifty IT index closed 0.19 per cent up at 38145.3.

The Nifty Bank index closed 0.28 per cent up at 48627.7.

Sensex and Nifty rally over 600 points, closing above key levels on second day of gains due to heavy buying.

The NSE Nifty index closed 207.41 points up at 22544.7

The NSE Nifty index closed 207.41 points up at 22544.7

The Nifty Pharma index closed 1.47 per cent up at 20423.35.

The Nifty Realty index closed 0.17 per cent down at 826.15.

The Nifty Auto index closed 0.78 per cent up at 20959.7.

Castrol India share price jumped 10% to a five-month high of ₹244.60 amid heavy trading volumes.

The Nifty IT index was trading 0.16 per cent up at 38131.5.