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As of 31-Dec-2021, promoters held 51.45 per cent stake in the company, while FIIs held 19.56 per cent and domestic institutional investors had 7.87 per cent.

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With inflation in the euro zone at a record high even before Moscow began its assault on Feb. 24, policymakers had been expected to announce an end to years of money-printing stimulus, opening the way for an interest rate hike late this year.

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The value of cryptocurrencies surged past $3 trillion last year, with approximately 14% of Americans invested in digital assets as of 2021, according to University of Chicago research.

“Banks and insurance are the two sectors or sub sectors that offer a lot of opportunity to add unlike some of the other sectors like cement or consumer staples, durables. There are a lot of positive triggers and drivers in place for the auto sector also, especially on the four-wheeler side. So, I would say that sector looks interesting.”

Buy Oil India, target price Rs 335: Emkay Global

Updated at : 2022-03-10 15:30:03

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Oil India Ltd., incorporated in the year 1959, is a Mid Cap company (having a market cap of Rs 25461.83 Crore) operating in Gas & Petroleum sector.

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Outsiders sold Japanese stocks for a third straight week, worth 379.64 billion yen ($3.27 billion) in the week to March 4, which marked the biggest weekly outflow since Jan. 28, data from Japanese exchanges showed.

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While many uncertainties remain around the Ukraine conflict, the easing of Omicron cases in Japan is making domestic demand-related stocks attractive, they said.

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Automakers fell the most, while defensive sectors such as real estate and healthcare posted small losses. Oil stocks also edged up.

Experts believe that the market will mature in the longer term and segregated crypto themes will come into play, individually. They seem optimistic on Defi, Metaverse and NFTs, followed by smart contracts and utility tokens.

“The basic fundamentals for oil remain quite sound. One would have to suggest that the Brent price is certainly not going to visit prices below triple figures, that is below $100 anytime soon. One would think that it is probably going to stay around $110. If there further news of oil producing countries increasing production, then again we could see oil price falling back.”

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