Market News
Stay updated with the latest market trends, earnings, and economic indicators.
BPCL, HPCL, IOCL slip up to 4%; ONGC gains 2% as crude oil prices rise
Thus far in the calendar year 2026, the stock price of HPCL, BPCL and IOC plunged between 17 per cent and 22 per cent, as against a 8.9 per cent decline in BSE Sensex.
Hindustan Petroleum Corporation Ltd Slides 3.78%, BSE Oil & Gas index Drops 1.39%
Hindustan Petroleum Corporation Ltd has added 4.71% over last one month compared to 0.29% fall in BSE Oil & Gas index and 5.84% rise in the SENSEX
Stocks to watch, July 8: IndiGo, ONGC, OMCs, Asian Paints, RCF, Cochin Shipyard, Uno Minda, PC Jeweller - Upstox
Stocks to watch, July 8: IndiGo, ONGC, OMCs, Asian Paints, RCF, Cochin Shipyard, Uno Minda, PC JewellerUpstox
ONGC Share Price Live Updates: ONGC's 3-month performance raises concerns
Q1FY27 earnings preview: Oil & gas, aviation brace for crude impact
Q1 earnings preview: ICICI Securities said that OMCs could report significant losses, driven by higher retail fuel losses, inventory losses and a sharp rise in LPG under-recovery.
City gas companies say government's 100k PNG connections-a-day target unviable
City gas distributors face government targets for household piped natural gas connections. Companies describe these ambitious goals as unrealistic due to infrastructure and capital constraints. The government aims to accelerate connections, which are currently at 9,000 daily. This push follows disruptions in LPG supplies, promoting domestic fuel sources. Industry executives cite execution bottlenecks and weak consumer demand as major challenges.
Deep Industries bags Rs 49-cr ONGC contract for natural gas compression services
Deep Industries announced that it has received a Letter of Award (LoA) from Oil and Natural Gas Corporation (ONGC) for charter hiring services for natural gas compression at GGS Paliyad under the Ahmedabad Asset.
India's MRPL books Iraq crude cargo after Strait of Hormuz reopening
Mangalore Refinery has chartered a vessel to load crude oil from Iraq. This marks the first such move by an Indian state-owned refiner since Hormuz reopened. The Aframax tanker Jasmin Joy will load oil from Basrah on July 19-20. Indian refiners faced difficulties securing ships from west of the Strait of Hormuz. This strategic waterway is crucial for global oil and gas supplies.
Vedanta Iron and Steel, Vedanta Aluminium, 2 other stocks drop up to 5%. What’s spooking investors?
Recently listed Vedanta stocks experienced a significant decline on Tuesday morning. Vedanta Iron and Steel shares surged sharply after a substantial investment by Premji Invest. This smallcap counter saw its market capitalization more than double before the rally lost momentum. Vedanta Aluminium shares dropped despite reporting record quarterly production figures. Vedanta Oil & Gas and Vedanta Power also saw their stock prices fall since listing.
India's fuel consumption drops 3.7% in June from previous month
India's fuel consumption fell approximately 3.7% in June from the previous month. Liquefied petroleum gas consumption saw a significant year-on-year decrease of over fourteen percent. Gasoline sales were down month-on-month but showed annual growth, while diesel consumption rose annually. Naphtha sales experienced a substantial year-on-year drop, and fuel oil usage also declined. Windfall taxes on certain fuel exports were adjusted by the government last month.
ONGC Share Price Live Updates: ONGC's Stock Rises 4.21% in One Week
Govt plans LNG buffer mandate for terminals
India is weighing a plan to fund emergency liquefied natural gas stockpiles. This initiative aims to bolster supply security after recent global disruptions. Policymakers are considering raising regasification tolls to finance expanded terminal storage capacity. Terminal operators could recover investment costs by charging higher fees to importers. This approach seeks to build storage faster than direct government financing.