Mehul Thanawala, vice-president - equity research, JM Financial is bullish on ONGC. He sees scope in Gail in the long-term but has a hold on the stock at current levels.
According to Miswin Mahesh, Energy Analyst at Barclays, the Indian oil demand has been sustaining strong growth rates on the back of gasoline demand.
RC Bhargava, the former CEO and current chairman of Maruti Suzuki expects growth to go beyond 7 percent mark in 18 months. "Things are looking more optimistic this festive season," he adds.
The current account deficit (CAD) projection of five percent for the full year still remains a concern and it is unsure whether for the data for the June quarter will be below 3.6 percent, said Shankar Acharya of ICRIER to CNBC-TV18.
Things are consistent or broadly in line with the ratings levels, but if there is a wide movement on any side, be it on the positive side or on the negative side, the sovereign group will have a relook at it, says India Ratings' Devendra Pant
The Oil Marketing Companies (OMC) such as Bharat Petroleum Corp, Hindustan Petroleum Corp and Indian Oil Corp have incurred losses of Rs 1,61,000 crores in 2012-13 due to subsidised sale of diesel.
In a press conference PM’s economic advisory council P Rangarajan said that the inflation numbers are upsetting and the concern regarding inflation will be very dominant. He stated that the RBI will look at the issue more seriously.