Sensex falls 732 points from day’s high to end 181 points lower; here’s why
Jio Financial Services, Reliance Industries, Power Grid, JSW Steel, Larsen & Toubro, and ONGC contributed the most to the losses in Sensex.
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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.
ONGC to invest ₹1 lakh cr in energy transition; targets net zero by 2038
ONGC has tied up with the Rajasthan govt for setting up 5 GW of solar and wind capacity and is scouting for partners for the remaining 5 GW which includes offshore wind capacity
ONGC shares decline 4% after ₹247 cr loss in March quarter
The company has attributed the disputed service tax and GST on royalty as the reason behind its loss in the March quarter.
ONGC shares hit 52-week high on discovery of offshore oil blocks in Mumbai
The state-owned oil and gas major has discovered crude oil and natural gas in 'Amrit' and 'Moonga' blocks in Mumbai offshore.
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.
Q3 results: Oil and gas cos to see strong sequential growth in Dec quarter
OMCs such as IOCL, BPCL, and HPCL are likely to swing back to the black, thanks to sharp narrowing of marketing losses on retail fuels and steady GRMs.
The Gas Revolution
India is investing $40 billion in gas pipelines, LNG terminals and exploration & production to meet net-zero emission goal by 2070.
Tirupati temple richer than Wipro, Nestle, ONGC
Lord Venkateswara temple in Tirupati city of Andhra has assets worth ₹2.5 lakh crore, which include gold deposits in banks, gold jewellery, bank deposits and land parcels spread across India.
Govt cuts windfall tax on crude; here’s how oil stocks reacted
Shares of ONGC, HPCL, and IOC rose up to 1%, while Adani Total Gas, Reliance Industries, and BPCL fell up to 1% on the BSE.
