Comments
Shares of Indian oil retailing companies gained as US crude oil prices tumble.
Hindustan Petroleum Corp rose 2.5 per cent, Bharat Petroleum Corp gained 1.9 per cent and Indian Oil Corp advanced 2.3 per cent.
US crude prices tumbled the most since April on surprise stock build
Nomura says oil retailers will outshine as business outlook gets even better.
IOC and HPCL are Nomura’s top picks.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.