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IndiGo jumps 3%, HPCL gains 4%, tyre stocks rise 2-3% as falling crude oil prices lift oil-sensitive shares
With crude prices falling sharply and global markets rallying on hopes of a Middle East breakthrough, investors rotated into sectors that stand to benefit most from lower energy costs, making airlines, OMCs, tyre makers and paint companies the standout winners in early trade.
US Steps In to Escort Ships in Hormuz | Oil Near $108 | Kotak Bank Steady | Opening Bell
Markets kick off the week with global tensions in focus as US President Donald Trump announces “Project Freedom” to escort stranded vessels through the Strait of Hormuz. Iran calls the US response to its 14-point proposal unacceptable, keeping geopolitical risks elevated and pushing Brent crude near $108. US markets ended higher on Friday, with the Dow Jones Industrial Average, S&P 500, and NASDAQ Composite gaining up to 1.6%, supported by strong earnings from Exxon Mobil, Chevron, and Estée Lauder. Economic data remains mixed, with steady manufacturing activity and a rise in consumption. Back home, Kotak Mahindra Bank reports a stable quarter, while GIFT Nifty suggests a positive start for Indian markets. Investors also keep a close watch on state election results for further cues.
IndiGo jumps 7%, HPCL rallies 6%; aviation, OMC, paint and tyre stocks surge as crude prices tumble 6%
IndiGo jumped over 7 percent and HPCL surged nearly 7 percent on Wednesday as aviation, paint, tyre and oil marketing stocks rallied after crude oil prices tumbled on hopes of a possible US-Iran deal.
BPCL, HPCL shares jump over 4%; Asian Paints, IndiGo rally as crude falls below $95, lifts oil-sensitive stocks
Stocks across oil marketing companies (OMCs), aviation, paint and tyre segments were trading firmly higher, as Brent crude slipped below the $95 per barrel mark after declining for a second straight session.
Closing Bell: Market sinks on ceasefire worries; Nifty below 23,800, Sensex tanks 950 pts
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.
Asian Paints, IndiGo lead gains in oil-sensitive stocks as crude falls below $93 on Israel-Iran ceasefire hopes
Crude oil prices fell today, boosting paint, airline, and tyre stocks. IndiGo stock surged 3.8 percent, aided by positive broker ratings.
M&M shares fall 2% despite May sales beating estimates; rising crude weighs
The weakness in the stock was largely attributed to global cues after crude oil prices moved higher.
Trump Delays Iran Deal, Oil Jumps 2% | Wockhardt shares in focus on new drug approval | Opening Bell
Global markets remain on edge as Trump signals no rush for an Iran deal, oil prices climb above $93, and investors await RBI policy cues. FIIs continue selling while auto sales, Wockhardt, and geopolitical tensions stay in focus. Catch all the key triggers on Opening Bell.
Taking Stock: Nifty ends below 23,550, Sensex plunges 1,092 pts; auto, metal, oil & gas stocks drag
Top losers on the Nifty included Eicher Motors, InterGlobe Aviation, Power Grid Corporation of India, Oil and Natural Gas Corporation, and Bajaj Auto.
Apollo Tyres, BPCL, other crude-sensitive shares rise up to 6% as Brent slides below $80
Crude prices have retreated sharply in recent weeks as traders bet that easing tensions between Washington and Tehran could reduce supply risks that had previously supported oil prices.
Buzzing Stocks: Coal India falls 3% on Govt stake sale plan; Landmark Cars, Gandhar Oil rally on strong Q4 earnings
Shares of Landmark Cars advanced 3 percent after the company reported more than a 10-fold jump in quarterly profit to Rs 15.03 crore compared to Rs 1.42 crore in the year-ago period, while revenue rose 17.2 percent YoY to Rs 1,278.5 crore from Rs 1,091.2 crore.
Stocks to Watch Today: Coal India, Saatvik Green Energy, JK Tyre, Siemens, ONGC, Ram Ratna Wires, Landmark Cars, Gandhar Oil, P&G Health in focus on 27 May
Stocks to watch on 27 May: Stocks like Oil and Natural Gas Corporation, Siemens, JK Tyre and Industries, Procter and Gamble Health, Landmark Cars, Gandhar Oil Refinery India, Ram Ratna Wires, Vodafone Idea, and Bharti Airtel.