Oil India,ONGC,Idea,Airtel Shares falls NIFTY Recap..

Oil India,ONGC to pay Royalty Payment :-

   Central government has clarified that to state-owned Oil companies ONGC and Oil India pay Royalty about worth of 6700 cr, Based on their gross realization from the sale of crude oil and not on the net price. Rates with effect from February 1, 2014.
 After announcing in the Parliament share where slump both Oil India and ONGC down nearly 4  percent.
 What is Royalty Payment ?
  A royalty is a payment made to an owner for the use of property on copy righted works, Patents, Natural resources and etc.Payment should made to the Legal owner of the Product.   
  Telecom Stocks falls big competition with Reliance Jio, Major Telecom companies slashes the Mobile Data Tariff  like Airtel and Idea, shares slump Idea down 7.25 rupees and Airtel 16.25 rupees down.

Market OPEN       : 8538.3
Market Close        :8498.2
Profit/Lose            : -40.1
Trend                    :Down
Reason                 :  Profit booking, Loyalty payments on Oil India, ONGC,  Mobile data rates cuts by some Telecom Companies.

NIFTY - INTRA DAY CHART

Top losers 

Bharti Airtel :362.65 (-16.25)

Idea Cellular :103.85(-7.25) 

HDFC :1346.35(-17.75)
ONGC:218.60(-11.65)
MINDTREE :614.20(-23.05)
Canara Bank Ltd:247.00(9.90)  

Top Gainers

AXIS BANK : 571.00(+5.95)
Infosys Ltd :1081.95(+9.40)
Ceat Limited :883.95  (+25.10) 
Ashok Leyland:92.95 (+1.25) 
BAJAJ-AUTO :2,755.10(+59.50)