Big oil to cut investment again in 2016 - LONDON — With crude prices at 11-year lows, the world's biggest oil and gas producers are facing their longest period of investment cuts in decades, but are expected to borrow more to preserve the dividends demanded by investors.
#OpeningBell : #Equity benchmarks as well as broader markets erased more than half of early gains amid consolidation. Oil, FMCG and pharma stocks continued to support the market whereas banks and infra stocks were under pressure ahead of RBI monetary policy. The 30-share #BSE #Sensex was up 65.11 points at 28308.40 and the 50-share #NSE #Nifty up 18.00 points at 8756.10. The BSE #Midcap and Smallcap indices gained 0.2 percent each on positive breadth.