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FPI derivatives bets to drive markets after US-Iran talks stall
Domestic institutions have absorbed FPI selling in cash, but continued shorting in futures adds downside pressure; Monday’s expiry could amplify moves
LPG shortage: PM Modi warns black marketers, unveils energy strategy
Prime Minister Narendra Modi criticized those creating panic over the LPG situation, stating their actions hurt the nation. He assured that the government is safeguarding India's energy security amidst global crises and warned against black marketing, emphasizing India's growing global importance and its drive towards becoming a developed nation.
HPCL, BPCL, IOC shares tumble up to 4% as oil surges back above $100; Iran warns prices can hit $200
Oil marketing company shares tumbled as crude prices surged past $100 per barrel following Iran's attacks on Middle Eastern oil tankers. Iran warned of prices potentially reaching $200, escalating regional tensions and impacting global supply routes. This volatility is expected to pressure OMCs' margins and cash flows.
Oil rally may dent Indian OMCs as retail fuel prices stay steady; here’s why
A fresh surge in global crude prices is putting India’s state-run fuel retailers under pressure. With domestic pump prices largely unchanged since 2022, rising input costs are compressing margins and increasing cash-flow volatility for the country’s oil marketing companies.
GAIL shares have multiple worries ahead, Kotak warns projecting 14% downside
Kotak said that if GAIL were to shut down its cash loss-making petrochemicals business, marketing earnings could weaken further.