Stock tips - Crude oil prices rose by 1.38 per cent on Thursday as investors saw a recent sell-off overdone and tension in the Middle East support prices. The Bank of Japan will release its latest monetary policy views followed by a press conference by Governor Haruhiko Kuroda. The central bank is expected to hold policy steady on asset buying, but may highlight risks to meeting its 2 per cent sustained inflation target.
At the MCX, crude oil futures for November 2015 contract were trading at Rs. 2,710 per barrel, up by 1.38 per cent, after opening at Rs. 2,693 against the previous closing price of Rs. 2,673. It touched the intra-day high of Rs. 2,712 till the trading. (At 12.00 PM today).
Energy traders also kept a close eye on developments abroad after French authorities detained seven terrorist suspects and killed two others in raids on Wednesday in St. Denis.
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