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Today's Market: Sensex Today Tanks 2,275 Points | Nifty Below 23,800 | BPCL Down 7% - Indian Stock Market News - Equitymaster
Today's Market: Sensex Today Tanks 2,275 Points | Nifty Below 23,800 | BPCL Down 7% - Indian Stock Market NewsEquitymaster
Oil Stocks IOC, HPCL, BPCL Face The Brunt As Crude Prices Skyrocket
Share prices of Oil Marketing Companies (OMC) faced the brunt on Monday as the oil price surged$114 per barrel for the first time since 2022 on Monday after the Iran war intensified, threatening production and shipping in the Middle East.
BPCL, HCPL, IOC sink up to 8% as oil prices soar past $110/barrel
The pressure in OMC stocks came as Brent crude oil prices rose to their highest level since 2022, rising as much as 28.9 per cent to $119.5
HPCL, BPCL fall up to 8% as crude oil nears $120 per barrel
OMC stocks tend to be negatively impacted by a sharp rise in crude oil prices, as higher raw material costs put pressure on marketing margins and weigh on operating performance.
HPCL, BPCL to IOC: OMC stocks crash up to 9% as crude hits 4-year high on US-Iran war. Should you sell these PSU stocks?
OMC stocks such as HPCL, IOC and BPCL crashed up to 9% on Monday amid a sharp spike in crude oil prices.
BPCL Share Price Live Updates: BPCL's Price Breakout Indicates Bearish Trend
Govt invokes Essential Commodities Act, directs refiners to prioritise domestic LPG supply
The government invoked the Essential Commodities Act to ensure uninterrupted LPG supply. Oil refiners must prioritize LPG production for Indian Oil, Bharat Petroleum, and Hindustan Petroleum.
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losers - Mint
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losersMint
Top Gainers & Losers on Mar 04: Petronet LNG, Mahanagar Gas, Tata Steel, HPCL, BPCL, Force Motors among top losers
The Indian stock market experienced a significant sell-off, with major indices dropping over 1.5% amid escalating Middle East conflict. The Nifty 50 closed 1.55% lower and the Sensex lost 1.40%. Broader markets fell over 2%.
Indian Oil, BPCL, HPCL Fall As Crude Oil Jumps; ONGC, OIL India Rally | Stock Market Today - Samco
Indian Oil, BPCL, HPCL Fall As Crude Oil Jumps; ONGC, OIL India Rally | Stock Market TodaySamco
Watch | Higher crude supports upstream oil stocks, downstream outlook weak: Probal Sen
ICICI Securities energy analyst Probal Sen said crude prices around $75 per barrel are unlikely to trigger windfall taxes, supporting upstream companies such as Oil and Natural Gas Corporation (ONGC) and Oil India. However, he expects near-term pressure on downstream and gas companies as rising liquified natural gas (LNG)-linked input costs could impact margins. Sen remains cautious on the sector over the next three to six months but maintains a constructive long-term view on Hindustan Petroleum Corporation Ltd (HPCL), Bharat Petroleum Corporation Ltd (BPCL) and city gas distributors.
