Oil & Gas: Long-term benefits to CGDs unlikely

last week, the Union Cabinet approved Kirit Parikh Committee’s recommendations for natural gas pricing. Going forward, natural gas produced from legacy fields will be priced at 10% of the Indian crude basket’s price, subject to dynamic floor and ceiling prices. The initial floor price has been set at $4/mmBtu and the initial ceiling price has […]

Markets Wrap – Tue, 21 Feb ‘23: Nifty, Sensex dip, rupee depreciates; Asia, US markets, Gold, Crude updates

Domestic benchmark equity indices ended Tuesday’s volatile session the negative territory. The 30-share BSE Sensex settled below 60,700 and NSE Nifty 50 concluded below 17850, today as well. The top gainers on the Nifty 50 were NTPC (up 3.25%), Britannia (up 1.17%), Tata Steel (up 0.98%), Reliance Industries Ltd (up 0.86%) and Power Grid (up […]

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