OMCs’ stocks plummeted up to 8% after a Rs 2 per litre price cut, impacting margins. Major companies like HPCL and BPCL faced significant share price declines. Motilal Oswal expects negative stock price reactions in near term.
India’s IPO market is set for a quiet week, with just one fresh issue worth Rs 56.68 crore opening for subscription and no mainboard launches.
Sebi is likely to release a consultation paper on foreign investor compliance requirements within weeks, chairman Tuhin Kanta Pandey said. The proposed document will explore
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