Stocks in news: How windfall tax hike on crude oil is impacting oil stocks? Analyst decodes
Nifty Oil & Gas index was trading nearly flat at 8,307.80 with six stocks in the 15-share index trading in the green. The top gainers were Castrol India, Hindustan Petroleum and Reliance Industries. The top losers were Indraprastha Gas, Oil India Limited and Gujarat Gas
Crude is expected to remain in the range between USD 85 and USD 95, Anuj Gupta, Vice President of Commodity and Currency Research at IIFL Securities, said. Source: Reuters