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Govt awarded 172 oil & gas blocks in 10 years, but negligible output brings policy and execution into focus
India's ambitious oil and gas policy has failed to boost domestic production. Despite billions invested and extensive exploration, only one marginal field is producing. Experts question the policy's effectiveness. Geological challenges and a shift in risk to companies deter global investment. The government continues auctions, but state-run firms dominate. This situation highlights India's ongoing dependence on imports.
GIFT Nifty rises 200 points, hints at a positive start for Dalal Street next week
Indian stocks might open higher next week. GIFT Nifty showed a strong rise Friday morning. Investors are watching oil prices and global events. The market faced a sharp selloff recently. Foreign investors have been selling shares. Geojit Investments notes global sentiment has worsened due to US-Iran tensions. Sunny Agrawal highlights key economic data to track.
Benchmarks slide as crude climbs, Sensex sheds 583 pts, Nifty below 24K
Equity benchmark indices tumbled on Thursday as surging crude oil prices, weak Asian cues and relentless foreign fund outflows battered investor sentiment. The Nifty slipped below the 24,000 mark, weighed down by banking stocks. Most sectoral indices ended in the red, with the Nifty IT index bucking the trend. Brent crude climbed to around $120 per barrel amid rising fears of supply disruptions linked to potential curbs on Irans ports, fuelling inflation concerns in India. Global markets offered little support, pressured by elevated energy prices and uncertainty over the Federal Reserves policy stance. Meanwhile, a sharp slide in the rupee to a record low added to the strain on domestic equities.
Top Gainers and Losers on April 30: Vedanta, Waaree Energies, Eternal, Adani Energy, Ceat, among top losers
The Indian stock market declined in April's final session due to rising crude oil prices and a weak rupee, with the Nifty 50 down 0.73% and the Sensex 0.78%. Both indices recorded over 7% gains for the month, while the rupee hit a record low against the dollar.
INR falls near record low levels hurt by elevated oil prices
The Indian rupee depreciated 14 paise to close near its all-time low at 94.82 (provisional) against the US dollar on Wednesday, pressured by rising crude oil prices, hovering well above $100 per barrel, and continued foreign capital outflows. Brent crude prices climbed toward $115 a barrel today, hitting a four-year high on mounting uncertainty around global supply amid the prolonged closure of the Strait of Hormuz. Elevated crude oil price is likely to sharply impact India's import costs, while the ongoing West Asia crisis and concerns over potential wider conflict are fuelling investor anxiety. Meanwhile, Indian shares rose notably on Wednesday despite mixed cues from global markets and growing anxiety over surging energy prices, capping downside in the counter. Sensex settled 609.45 points (0.79%) higher at 77,496.36 while Nifty 50 advanced 181.95 points (0.76%) to close at 24,177.65. Investors are also awaiting cues from the upcoming US Federal Reserve policy decision as dollar ..
Oil firms selling petrol at Rs 14 a litre loss, diesel at Rs 18
Indian oil companies face substantial losses on petrol and diesel sales. Elevated crude oil prices are squeezing marketing margins. Cooking gas LPG is projected to incur an Rs 80,000 crore under-recovery this fiscal. Fertiliser subsidies are also set to rise significantly. These pressures impact profitability across various sectors, with relief contingent on easing global tensions and supply chain normalisation.
LPG under-recoveries may hit Rs 80,000 crore in FY2027 amid West Asia disruptions: ICRA
Indian oil companies face significant financial strain. LPG under-recoveries may reach Rs 80,000 crore by FY2027. Supply disruptions and high global prices impact profitability. Fertiliser costs are rising sharply, requiring increased government subsidy. Chemical and gas sectors also see margin pressures. Elevated costs will affect downstream sectors in FY2027.
Where to invest now: SBI MF prefers large caps, pharma, PSU banks
Ruchit Mehta, Head of Research at SBI Mutual Fund, prefers CDMO and hospital plays within pharma, citing stronger growth prospects over generics. He sees large caps as attractive on valuations, while midcaps require selectivity amid earnings risks. PSU banks may outperform in the near term due to stronger loan growth, but asset quality risks could emerge over the next 2–3 quarters if global disruptions persist.
Sensex dives 850 pts, Nifty slips below 24,200 amid oil shock and weak global cues
The equity benchmark indices Sensex and Nifty tumbled on Thursday, extending losses for a second straight session. Firm crude oil prices and ongoing geopolitical tensions rattled sentiment. Brent crude surged for the fourth consecutive day to around $103 per barrel amid uncertainty over US-Iran talks and fresh concerns around the Strait of Hormuz. Weak Asian cues and persistent foreign fund outflows deepened the sell-off. The Nifty slipped below the 24,200 mark, dragged by auto, PSU banks and consumer durables stocks, while pharma and healthcare shares saw selective buying. Investors stayed cautious, closely tracking the ongoing Q4 earnings season for further triggers.
Stock Market Today Highlights: Sensex ends over 850 points down; Nifty50 below 24,200 as oil prices rise - The Times of India
Stock Market Today Highlights: Sensex ends over 850 points down; Nifty50 below 24,200 as oil prices riseThe Times of IndiaStock Market Highlights, Sensex Today: Sensex Closes 850 Points Lower, Nifty Down 205 Amid Mixed Global CuesNDTVClosing Bell: Sell-off deepens: Nifty breaches 24,200, Sensex plunges 900 pts as crude climbsMoneycontrol.comIndia shares lower at close of trade; Nifty 50 down 0.84%Investing.com IndiaSensex Today Tanks 756 Points | Nifty Below 24,450 | 4 Reasons Why Indian Share Markets are FallingEquitymasterSensex plunges 850 points, Nifty 50 ends below 24,200: Key factors behind stock market crash explainedMintIndians stock markets fall for 2nd day over West Asia tensionsTelangana TodayStock Market Crash Highlights: Nifty, Sensex Slump For Second Day On Negative Global Cues Over Lack Of Progress In US-Iran TalksNDTV ProfitNifty 50, Sensex prediction today: Check how Indian stock market is expected to trade on 23 AprilMint
Trent, L&T to HDFC Bank: How are the worst-performing Nifty 50 stocks of last month faring in April?
Earlier this month, DSP Mutual Fund in its strategy report said that it is shifting from a conservative to a constructive view on the Indian stock market, as the correction has brought valuations closer to long-term averages.
Top Gainers & Losers on April 23: Union Bank, Trent, Havells, Ashok Leyland, OLA, Canara Bank among top losers
The Indian stock market faced significant declines on April 23 due to rising geopolitical tensions and high crude oil prices. The Nifty 50 fell 0.86%, while the S&P BSE Sensex dropped 1.12%. Sectoral losses were led by Nifty Auto, which fell 2.28%.