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Top News In Sabri Hazarika Today - Breaking & Trending Today

OMC shares sink up to 6% on fuel price cut

Investors shunned shares of oil marketing companies (OMCs) on Friday as they feared that the government s decision to cut retail prices of petrol and diesel could hurt the companies profit margins in the near term.

On Thursday, the government announced that OMCs will reduce pump prices of petrol and diesel after a record 22 months, making them cheaper by Rs 2 per litre in the national capital.

The changes were effective from Friday. ....

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Short Call | Healthy correction or injurious one? Bajaj Auto buyback, DMart's demanding investors

Seasoned players say it is time to cut exposure to small and mid-caps and increase exposure to largecaps where valuations are cheaper ....

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Oil stocks: Oil stocks fall on talk of poll sops, some say time to buy

Among oil marketers, Hindustan Petroleum fell 4.36%. Indian Oil and Bharat Petroleum both lost about 1%. The BSE Oil & Gas index was also down by 0.15%. Among oil explorers, ONGC gained 1.1%, while Oil India shed 0.3%. ....

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India: Domestic crude production sees uptick in recent months but outlook remains grim

India: Domestic crude production sees uptick in recent months but outlook remains grim
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Domestic crude production sees uptick in recent months but outlook remains grim

Domestic crude oil production increased 2.1 percent in August on a year-on-year basis to 2.5 million metric tonnes, as shown by data from the oil ministry. ....

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