As gas prices see a sharp spike, watch out for these Oil & Gas stocks - experts give sector outlook
The Nifty Oil and Natural Gas ended in the green on Friday at 7797, up by almost 0.3 per cent from the Thursday closing price. In the 15-share index 8 stocks advanced while 7 declined. Experts give you sector outlook and which stocks will be in focus when the markets reopen on Monday
The prices of gas have been raised after a gap of almost 2 years and this time the spike has been 62 per cent. In the international markets, the prices have been raised from USD1.79 mmBtu to USD 2.9 mmBtu. The price of gas extracted from difficult fields have also gone up by 84.6 per cent.
The Nifty Oil and Natural Gas ended in the green on Friday at 7797, up by almost 0.3 per cent from the Thursday closing price. In the 15-share index 8 stocks advanced while 7 declined. Experts give you sector outlook and which stocks will be in focus when the markets reopen on Monday.
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https://www.zeebiz.com/market-news/news-gas-price-hike-sectors-and-share...Natural Gas ended negatively on Comex on Saturday at USD 5.55, down by 5.45 per cent or USD 0.32. Meanwhile, on MCX, the October Futures ended at Rs 421.30 mmBtu, down by Rs 7.60 or 1.8 per cent.
Total number of CNG outlets across the country increased by 90 (+3% mom) to 3,323.
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