Rajya Sabha passes the Insurance Laws (Amendment) Bill

A seven-year long wait came to an end when the Rajya Sabha on Thursday passed the Insurance Laws (Amendment) Bill, 2015. On  Wednesday March 4, the Lok Sabha had passed the Insurance Bill to increase foreign investment limit in local insurers to 49 percent from 26 percent. Narendra Modi led BJP government introduced the Insurance Bill replacing the Ordinance issued last year. The Insurance Laws (Amendment) Bill, 2015, seeking higher foreign equity participation in Indian insurance companiesThe Bill was first introduced in Rajya Sabha in 2008 but non concurrence amongst parties stalkled its passage since.

Source: Moneycontrol

BEML moving up from strong support @ 877.50, bulls will be favored.

• Stock moving up from strong trend line support zone @ 877.50,  as long as holds above bulls will be favored. Close Watch.
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PETRONET stock tips - finding support @ 175.

PETRONET LNG

• Petronet finding support @ 175.
• Can see weakness once it closes and holds below 175.
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BPCL On Verge Of Breakout (12-02-14)

BPCL on very of breakout .. Close Watch charts indicates ... Stock can good movemnet once BPCL starts trading above 365... Upper site next resistance around 380, 400.


About BPCL - Bharat Petroleum Corporation Limited (BPCL) is an Indian state-controlled oil and gas company has an headquartered in Mumbai, Maharashtra.
BPCL has been ranked 225th in the Fortune Global 500 rankings of the world's biggest corporations for the year 2012

CAIRN (I) Holding Strong

Close Watch Cairn Indian holding strong in market ... charts indicates if stocks breaks 335 with volume and sustains above 335 then can see good up move up to 345..

About Cairn (I)-  Is one of the largest independent oil and gas exploration and production companies in India with a market capitalization of ~ US$ 10 billion. Cairn India was rated as the fastest-growing energy company in the world, as per 2012 & 2013 Platts Top 250 Global Energy Company Rankings.
Cairn India operates more than 25 per cent of India’s domestic crude oil production. Through its affiliates, Cairn India has been operating for more than 15 years playing an active role in developing India’s oil and gas resources. To date, Cairn India has opened 4 frontier basins with over 40 discoveries, 26 in Rajasthan alone.