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The Nifty opened higher on Monday though lower Chinese markets are likely to weigh on sentiments. Foreign investors were net buyers to the tune of Rs 1,100 crore on Friday. However, domestic investors were net sellers to the tune of Rs 717 crore.

Q3 numbers, reported on Friday, were in-line with estimates. Standalone net profit dipped 8 per cent year-on-year (y-o-y) to Rs 5,085 crore. Its gross refining margin, a measure of profitability fell to $7.3/barrel against estimates of $7.5.

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