Market News

Sensex tumbles 829 pts; Nifty sinks below 23,650 mark; VIX advance 2.16%

Nifty ended below the 23,650 mark. Auto, FMCG and realty shares declined, while oil & gas, metal and media shares advanced.

ONGC Share Price Live Updates: ONGC Reports a Drop in Weekly Returns

Adani Total Gas shares soar nearly 40% in just 2 days! What’s triggering the rally despite weak market?

Shares of Adani Total Gas rose sharply on Thursday, extending a two-day rally after the government issued the Natural Gas (Supply Regulation) Order, 2026, to prioritise gas supplies to essential sectors amid Middle East conflict-driven disruptions. The move follows LNG shipment issues through the Strait of Hormuz, while supply concerns continue to roil energy markets.

This is a key re-rating trigger for ONGC as per Macquarie, and its not higher oil prices

While near-term price volatility has been supportive, Macquarie believes sustained production growth will be key to a re-rating of the stock.

Daily domestic LPG output raised by 25%: Petroleum ministry official

India's cooking gas production has risen 25 percent. Refineries are maximizing output to counter supply halts from the Gulf. This boost helps fill a gap caused by the Iran war impacting imports. Households are advised against panic booking. India's crude oil supply remains secure. Additional crude and LNG cargoes are en route to India.

Mahanagar Gas flags supply cuts as global energy turmoil hits industrial, commercial gas availability

Mahanagar Gas Ltd reduces gas supply to industrial and commercial customers due to geopolitical issues and a directive from the Ministry of Petroleum and Natural Gas. Shares of Mahanagar Gas Ltd ended marginally higher on Wednesday, March 11, by 0.68% at ₹1,051.00 on the NSE.

No Shortage Of LPG, Petrol, Diesel: Delhi Govt Says Police To Act Against Black Marketing of Gas

Representatives from oil marketing companies stated that the supply of petrol, diesel, and domestic LPG in Delhi is completely normal, and companies have adequate stock available.

India's Russian oil buy surges 50% amid scramble to replace lost barrels

India's purchase of Russian crude oil has surged 50 per cent in March as New Delhi tapped alternate sources to make up for the shortfall arising from disruption in the Middle East amid a widening military conflict. India bought about 1.5 million barrels of Russian oil this month, up from 1.04 million bpd in February, ship tracking data showed. India, the world's third-largest crude importer, sources 88 per cent of its oil needs from abroad. It consumes 5.8 million barrels per day, of which 2.5-2.7 million barrels came from Middle East countries like Saudi Arabia, Iraq, and the UAE via the Strait of Hormuz. The chokepoint also carried 55 per cent of India's cooking gas (LPG) and 30 per cent of liquefied natural gas (LNG), used for power, fertilizers, CNG, and household cooking. The ongoing conflict has largely halted shipments through the strait, forcing India to seek alternative crude sources from Russia. "India was expected to import around 2.6 million barrels per day of crude vi

No shortage of LPG cylinders in Northeast India, production to go on uninterrupted: Indian Oil Corp

Indian Oil Corporation confirms ample LPG supplies for Northeast India. The company's bottling plants operate at full capacity, meeting regional demand. Government directives prioritize household cooking gas. Refineries are maximizing LPG output. Commercial supplies are restricted to essential services. These measures ensure uninterrupted fuel availability for homes and transport.

India GAIL buys Oman LNG cargo, says report

GAIL has bought an Omani liquefied natural gas cargo to meet India's demand, scheduled to arrive around March 15 on the vessel Orion Hugo. India imports half of its 195 mmscmd gas consumption.

Sensex nosedives 1,342 pts; Nifty sinks below 23,900 level; VIX jumps 11.41%

Nifty ended below the 23,900 level. Auto, private bank and financial services shares declined, while pharma, oil & gas shares and healthcare shares advanced.

Top Gainers & Losers on Mar 11: Apar Industries, Redington, Axis Bank, Finolex Cables, TVS Motor among top losers

The Indian stock market declined on March 11 due to heightened Middle East tensions, with the Nifty 50 down 1.63% and the BSE Sensex falling 1.72%. Most sectors were affected, especially auto and private banks, while pharma and oil & gas saw slight gains.