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VERIFIEDET Markets·positive
Crude@$100+: The Rs 3 lakh crore power boom you might be missing
AI Summary
- ·Nifty Energy's market cap has increased by Rs 3 lakh crore due to rising Brent crude prices exceeding $100.
- ·Foreign investors are increasing their stake in power generation and transmission companies.
- ·Adani Power and BHEL are among the companies experiencing a surge, while oil marketing companies are facing losses.