Oil marketing companies (OMCs), city gas distributors (CGDs), and Petronet LNG emerge as the clearest winners from the peace deal, per Nomura. Brent crude crashing below $79 — a three-month low after tumbling 16% over four sessions — directly improves their margins.
The rupee strengthens to 94.61 against the dollar, giving import-dependent sectors breathing room. Deepak Shenoy notes that falling crude plus a stronger rupee could...
