Oil and gas stocks remain favourite among market players despite the conflict in Iraq pushing up global crude oil prices. Experts are also not giving much weightage to reports that companies such as ONGCBSE -0.65 % could take a hit if the government goes ahead with gas price hike only for incremental production.

They say large traders are betting on 'Modinomics' that could not only lead to a complete de-regulation of diesel but even cooking gas (LPG) and kerosene. According to them, ..


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