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.
NFO flows hit a 5-year low in June quarter, SIPs stay robust
New fund offer collections by asset management companies fell significantly. Funds raised through new fund offers reached a five-year low in June. This sharp decline