[ad_1] Oil marketing companies (OMCs) had strong marketing margins of ₹10-11 per litre up until September 30, making a ₹3-4 per litre fuel price cut manageable, says Probal Sen, energy analyst at ICICI Securities. Sen said OMCs margin needs to stay at ₹5-6 per litre to compensate for the lower-than-normal gross refining margins (GRMs), which […]
Any major correction in India will be viewed as the opportunity to add, says Christopher Wood | Q&A – CNBC TV18
[ad_1] Christopher Wood, Global Head of Equity Strategy at Jefferies, told CNBC-TV18 that a key positive for India’s market is that any major correction, such as a 10% drop, would likely be seen by foreign investors as a prime opportunity to increase their positions. He suggested that the Reserve Bank of India (RBI) is unlikely […]