Of late, retail gas costs hit over Rs 100 per litre in lots of states, together with nationwide capital Delhi. Whereas Prime Minister Narendra Modi’s authorities faces rising clamour to rein in rising petrol and diesel costs by reducing taxes, the explanation for it not yielding to the demand may be traced again to the
Indian Oil Corporation
Chatists counsel that 15,750-15,800 and 52,300-52,400 can be main obstacles for the Nifty and Sensex, respectively Developments on SGX Nifty counsel a constructive opening for the BSE Sensex and Nifty 50 with a acquire of 37.50 factors. The Nifty futures have been buying and selling at 15,817 on the Singaporean Change. Within the earlier session,
We have now minimize IOC’s FY22E GRM to $3/bbl from $3.4/bbl earlier however raised petrochem Ebitda estimate by 45% to Rs 70 bn. The online impression is an improve in FY22E EPS by 4% Indian Oil Corporation’s (IOC’s) Q4FY21 recurring EPS is up 4x y-o-y pushed by stock achieve vs loss, petrochemical Ebitda bounce and
Technically, the Nifty 50 index has confronted resistance from the higher band of Bollinger, which signifies draw back motion for the upcoming session, mentioned an analyst. Picture: Reuters Home fairness market benchmarks BSE Sensex and Nifty 50 had been eyeing a optimistic begin on Thursday after markets took a breather within the earlier session. S&P