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Top Gainers & Losers on Mar 13: Larsen & Toubro, KPR Mill, Adani Total Gas, PG Electroplast among top losers
The Indian stock market faced a significant sell-off on March 13, with key indices dropping over 2% amid rising crude oil prices and concerns over corporate earnings. The Nifty 50 saw its largest weekly decline in four years, as overseas investors continued to sell.
Goldman lifts price targets on oil and gas stocks amid rising prices - Investing.com India
Goldman lifts price targets on oil and gas stocks amid rising pricesInvesting.com India
Gas crisis impact: Maruti, M&M, other auto stocks tumble up to 16% in a month; what lies ahead?
Indian auto stocks have seen a significant drop. Geopolitical tensions in the Middle East are impacting crude oil prices and causing gas shortages. This is affecting the production of raw materials and industrial output for auto companies. Several major auto manufacturers and suppliers are at risk of production losses. Investors are closely watching for potential impacts on production lines.
ONGC, Oil India shares outperform sector with double-digit gains in 2026. Will Iran-Israel crisis fuel more upside?
Shares of state-run ONGC and Oil India have surged in double-digits this year, outperforming the Nifty Oil & Gas index despite a sector-wide decline. Experts anticipate further upside for these upstream oil producers due to the escalating Iran-Israel crisis and potential crude oil price hikes, with a strong medium-term outlook.
Adani Total Gas shares jump another 6%, zoom 38% in 4 days on gas supply worries from Iran-Israel war
Shares of Adani Total Gas soared 6% to extend gains for 4th straight session despite weak broader markets. The rally follows the government’s Natural Gas (Supply Regulation) Order, 2026, which prioritises gas supply for PNG and CNG users amid Middle East tensions and disruptions linked to the Strait of Hormuz closure, raising concerns over cooking gas availability in India.
Trump bragged about low gas prices. The Iran conflict has him doing an about-face
President Trump's stance on soaring oil prices has shifted, now touting them as beneficial for U.S. revenue. This comes as the Strait of Hormuz remains a flashpoint, with conflicting messages on ensuring tanker safety. The administration is also easing sanctions on Russian oil to stabilize markets, a move analysts suggest offers only temporary relief.
Iran threatens to 'set region's oil and gas on fire' if energy infrastructure attacked
Iran has issued a stern warning, threatening to disrupt the region's oil and gas industry if its energy infrastructure or ports face any attacks. A spokesman for the Iranian military's central operational command stated that any aggression would result in widespread destruction of the area's energy resources.
Crude oil prices set for weekly gains after Iran warnings, no war off-ramp
In his first public comments after becoming the Supreme Leader, Mojtaba Khamenei said that Iran will seek to ensure that the critical waterway, the Strait of Hormuz, remains shut for oil and gas supply. In television comments translated by Reuters, Khamenei said that Iran will either seek compensation for the destruction caused, or will destroy assets of "enemies" accordingly.
Packaged food companies slash production amid LPG crunch
Packaged food manufacturers nationwide are halting production due to a severe LPG shortage, exacerbated by West Asian conflict disruptions. Alternative fuels like piped natural gas are also facing restrictions and hefty price hikes. This crisis impacts companies already seeing demand recovery, forcing them to consider production cuts if the situation persists.
Northern Oil & Gas stock falls on equity offering pricing - Investing.com India
Northern Oil & Gas stock falls on equity offering pricingInvesting.com India
GAIL official says piped gas supply normal in Bengaluru, assures uninterrupted supply to industry
GAIL Gas Ltd assures Bengaluru of uninterrupted piped natural gas (PNG) supply for industries, hotels, and eateries, stating no shortage exists. The company is expanding its network and encourages a shift to PNG, highlighting its efficiency and sustainability. A recent notification aims to rationalize usage by capping industrial supply at 80% of average consumption, with additional volumes billed differently.
LPG cylinder supply: Centre directs states to curb hoarding, prevent panic
In light of recent concerns, the government has called on state officials to regulate the distribution of LPG cylinders and avert any public panic. Authorities must take immediate action against hoarding and black market activities. Rest assured, supplies of domestic LPG and natural gas remain stable, with restrictions applicable only to commercial use.