OPEC’s tempered approach to output helps control global oil prices. This action provides market stability. Demand estimates remain uncertain, with US inventory builds noted. Price stability is likely for the near to medium term. Indian oil marketing companies benefit. They show solid earnings and stronger balance sheets. Valuations suggest adding positions in these stocks.
Market expects one more rate cut as inflation stays benign
Indian economists and bond market experts expect another quarter percentage point cut in policy rates. This follows the Reserve Bank of India’s recent rate reduction