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Domestic natural gas price has been hiked by 62% to $2.90 for October 2021 to March 2022 period
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The overall market breadth was positive as 2,333 stocks advanced on the BSE, while 1,016 declined and 192 remained unchanged
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After a week-long consolidation, the Indian market is back in action despite unfavourable global sentiments.
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The reopening of the economy & upcoming festive season will upgrade the future outlook.
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Foreign portfolio investors (FPIs) pumped in Rs 13,154 crore in equities and Rs 13,363 crore in the debt segment between September 1-30.
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In the broader markets, the Mid and SmallCap indices were up more than 1% each
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NTPC rose 2.18% to Rs 142.90 on reports the state-run company expects to raise Rs 15,000 crore through initial public offerings in three units.
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As new rates kick in, gas produced from fields given to state-owned ONGC and OIL will be $2.90 per million BTU for the six-month period starting Oct 1
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CLSA initiates coverage on Muthoot Finance with a price target of Rs 1,900 per share and a price target of Rs 240 for Manappuram Finance.
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India Inc is at the cusp of a high double-digit growth trajectory with earnings CAGR over FY21-23E at around 26%