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Shares of NALCO fell on Thursday, ending a four-day, 14% rally, as profit booking hit Indias metals sector. All 15 stocks on the Nifty Metal index traded lower amid cooling global commodity prices and stretched valuations.
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News and Media
Speculation about changes to insurance commissions is back on Dalal Street. This is raising concerns for distributors and insurers. Analysts warn that stock prices might not fully reflect these potential regulatory shifts. While the December quarter shows strong momentum for insurers, especially in health and term plans, any commission cuts could hurt volumes. Policybazaar also faces uncertainty.
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News and Media
JM Financial advises caution on oil marketing companies (OMCs) like HPCL, IOCL, and BPCL due to potential excise duty hikes in the upcoming budget. The brokerage reiterates buy ratings on upstream producers Oil India and ONGC, citing attractive valuations and medium-term production growth potential amidst subdued crude prices.
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News and Media
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