Ril and BP deal announced y'day is a very bullish event for the Ril and the markets as a whole. This is one of the biggest FDI for India.
This particular event has key to change the face of India Oil and Gas sector. Just imagine the improvement is Technology which can come to India.
Being cash accretive, Ril can now focus on expanding to new sectors like wifi, retail and anything they want.
Coming to Markets, confusion previals with conflicting signals on daily and weekly charts. Can expect some range trading at these levels.
This particular event has key to change the face of India Oil and Gas sector. Just imagine the improvement is Technology which can come to India.
Being cash accretive, Ril can now focus on expanding to new sectors like wifi, retail and anything they want.
Coming to Markets, confusion previals with conflicting signals on daily and weekly charts. Can expect some range trading at these levels.
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