{"id":507487,"date":"2022-07-21T11:17:10","date_gmt":"2022-07-21T05:47:10","guid":{"rendered":"https:\/\/infralive.com\/web\/?p=507487"},"modified":"2022-07-21T11:17:10","modified_gmt":"2022-07-21T05:47:10","slug":"oil-stocks-get-a-lift-from-cut-in-windfall-taxes-ril-gains-2-5","status":"publish","type":"post","link":"https:\/\/infralive.com\/web\/oil-stocks-get-a-lift-from-cut-in-windfall-taxes-ril-gains-2-5\/","title":{"rendered":"Oil stocks get a lift from cut in windfall taxes, RIL gains 2.5%"},"content":{"rendered":"<p>Mumbai: Shares of oil refiners and producers surged on Wednesday after the government cut windfall taxes on fuel exports due to falling global prices. Analysts said the move will provide a sentimental boost to these stocks and eases regulatory overhang. But investors are unlikely to rush to buy these stocks as policy risks persist, said analysts.<\/p>\n<p>India&#8217;s most valued company Reliance Industries NSE -0.78 % advanced 2.5% to \u20b92,501.4. ONGC NSE 0.04 % ended up 4% at \u20b9132.55.<\/p>\n<p>Chennai Petroleum NSE -3.39 % Corp&#8217;s shares advanced 7.3% to \u20b9285.65 and Mangalore Refinery NSE -2.49 % ended up 5% at \u20b976.30.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Mumbai: Shares of oil refiners and producers surged on Wednesday after the government cut windfall taxes on fuel exports due to falling global prices. Analysts said the move will provide a sentimental boost to these stocks and eases regulatory overhang. But investors are unlikely to rush to buy these stocks as policy risks persist, said analysts. India&#8217;s most valued company Reliance Industries NSE -0.78 % advanced 2.5% to \u20b92,501.4. ONGC NSE 0.04 % ended up 4% at \u20b9132.55. Chennai Petroleum NSE -3.39 % Corp&#8217;s shares advanced 7.3% to \u20b9285.65 and Mangalore Refinery NSE -2.49 % ended up 5% at \u20b976.30.<\/p>\n","protected":false},"author":39,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[130,191,136],"tags":[],"class_list":["post-507487","post","type-post","status-publish","format-standard","hentry","category-newspapers","category-oil-gas-the-economic-times","category-the-economic-times"],"acf":[],"_links":{"self":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507487","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/users\/39"}],"replies":[{"embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/comments?post=507487"}],"version-history":[{"count":0,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/posts\/507487\/revisions"}],"wp:attachment":[{"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/media?parent=507487"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/categories?post=507487"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/infralive.com\/web\/wp-json\/wp\/v2\/tags?post=507487"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}