OMC's in sweet spot: TS Harihar

Oil marketing companies (OMC) could be in a sweet spot at this point of time, says TS Harihar, Co-Head Institutional Derivatives, ICICI Securities.

Harihar told CNBC-TV18, "We have been positive on HPCL and BPCL for quite sometime and our justification has only been ratified by these noises coming from the EGoM meeting today. What we expect is that today we may not see some breadth taking reforms could be the beginning of a long journey as far as oil reforms is concerned.