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UBS downgrades HPCL, BPCL, IOC stocks as crude prices breach $100/barrel
UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl
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%.
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
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.