Oil stocks rally; BPCL, HPCL, IOC hit 52-week highs
Among other state-owned OMCs, Oil India, GAIL (India), ONGC shares surged up to 4% amid strong volume trade.
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City Gas distributors' stocks rally up to 5%; Adani Total Gas, ONGC, MGL lead
The stock prices of city gas distributors surged as they cut CNG and PNG prices after the Centre revised the pricing methodology for domestic natural gas.
Sensex, Nifty to open tad lower; Hindalco, Coal India, IRCTC, Oil India, SAIL, IGL, HDFC shares eyed
The Sensex and Nifty are poised to slide in the opening trade on Wednesday, following weak cues from global peers as caution prevailed ahead of the U.S. inflation data.
Reliance, ONGC, Oil India extend fall on windfall tax; slump up to 20% in 2 sessions
Shares of Oil India have plunged 20% in two sessions, while ONGC and RIL tumbled 18% and 8.7%, respectively, during this period.
Govt deregulates sale of domestic crude oil
The deregulation of domestic crude will further spur economic activities and incentivise investments in the upstream oil and gas sector.
MRPL, CPCL, Oil India, ONGC, Adani Total fall up to 19%; here’s why
Shares of oil companies were under stress as international crude prices fell about 5% to hit a three-week low on Friday.
Russia-Ukraine crisis, FIIs, GDP data, auto sales figures; here’s what will move market this week
From the Russia-Ukraine crisis to GDP data to ongoing state elections to sales figures of auto companies – this week is going to be action-packed for Dalal Street.
Reducing India’s crude oil import dependency
The government has devised a three-pronged strategy to bring down its crude oil import bill and achieve energy security.
