Buy or sell: As discussed last week, both the Nifty and Bank Nifty indices were in overbought conditions, resulting in a significant correction over the past week. The Nifty index dropped by nearly 5%, closing at 25,014, while the Bank Nifty corrected by about 6%, ending at 51,462. The Federal Reserve’s decision to cut interest … Read more
Stock Picks: Oil and Natural Gas Corporation (ONGC) share price has zoomed 94% in a year and Oil India Ltd offered multi-bagger returns to the investors, cheering investors and analysts. Analyst confidence in the earnings growth of these upstream oil and gas producers remains strong as Brent Crude prices, which had dipped below $80 a … Read more
ONGC shares have picked up a bullish momentum ever since the state-owned upstream oil explorer registered a surge of 78 per cent in net profit during the January-March quarter of fiscal 2023-24 (FY24). The public sector undertaking (PSU) expects its capital expenditure (capex) to be in the range of ₹33,000- ₹35,000 crore for the current … Read more
New Delhi: The government has allocated ₹1,200 crore for subsidizing the sale of natural gas under the administered price mechanism (APM) in North-eastern states for FY25. In the previous budget, the allocation was ₹1,633 crore for FY24, under the head of “other subsidy payable including for North Eastern Region”. In FY23, the allocation was ₹811 … Read more