After the Indian oil marketing companies hiked petrol and diesel prices on the back of rising global crude oil prices, research firm Jefferies said that outlook is uncertain on margins and products’ pricing.
Indian equities have been on a raging run in the year 2017 with the benchmark indices Sensex and Nifty gaining nearly 30% led by a number of factors, namely, country-wide roll out of GST, Moody’s upgrading sovereign credit rating of India, government announcing massive plan of Rs 2.11 lakh crore to recapitalise NPA-laden PSU banks and the Ease of Doing Business rating upgrade by the World Bank.
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