Q4FY21 Oil sector earnings are likely to be impacted by lower OMCs earnings, even though upstream and gas space will report healthy earnings. OMC results are also expected to get hit by lower marketing margins (no price changes given state elections) and appreciating exchange rate. The upstream earnings will benefit from higher crude prices. RIL's standalone earnings are likely to improve given higher petrochemicals profitability. Gas stocks are expected to report an improvement in QoQ level, as economic activities...