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Shares such as Cairn India, Reliance Industries and ONGC and oil marketing companies (OMCs) such as Indian Oil, BPCL and HPCL will remain in focus, as crude oil prices maintain bullish momentum. While Brent crude futures were trading higher at $66.18 a barrel, NYMEX prices were ruling firm at $58.83. Stocks such as Cairn and RIL will remain resilient as the rise in oil prices will result in higher realisations. Now, OMCs have to pass on the price to customers.
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