Stock Market LIVE Updates: US LNG flows to Asia surge as cargoes diverted: Bloomberg
Stock Market LIVE Updates: A total of 14 US cargoes carrying liquefied natural gas transited via key routes from March 16-22, five more than a week earlier to reach the highest level since November 2024. Two tankers passed through the Suez Canal, one crossed the Panama Canal, and the remainder sailed around the Cape of Good Hope. The increase reflects cargoes originally bound for Europe diverting to Asia, lifting volumes in transit for at least 20 days to 105 per cent above a year earlier and 121 per cent above the 2021-2025 average, according to Bloomberg.
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At 12:19 PM; the stock quoted 18 per cent lower at ₹114.75. In comparison, the BSE Sensex was up 1.07 per cent. The average trading volumes at the counter more-than-doubled with a combined 4.78 million equity shares changing hands on the NSE and BSE.
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As a precaution, 22 workers were hospitalised for observation, with more than half already discharged; the company said there was no loss of life or property damage, and plant operations resumed within 24 hours.
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