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VERIFIEDET Stocks·neutral
US-Iran peace deal: Reliance Industries, ONGC; which other oil & gas stocks will emerge as top winners and losers?
AI Summary
- ·A US-Iran peace deal is anticipated to reduce oil supply risks, potentially lowering crude prices.
- ·Nomura identifies OMCs, CGDs, and Petronet LNG as potential beneficiaries of this development.
- ·Upstream companies such as ONGC and Oil India, along with Reliance Industries, might experience pressure due to factors like weaker refining margins and lower crude prices.