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Indian Oil Corporation Ltd up for five straight sessions
Indian Oil Corporation Ltd is quoting at Rs 146.19, up 0.53% on the day as on 12:44 IST on the NSE. The stock is up 5.42% in last one year as compared to a 2.73% fall in NIFTY and a 14.16% fall in the Nifty Energy.
IEA sees gradual Hormuz recovery tipping into significant 2027 surplus
The global oil market is set for a gradual recovery. The Strait of Hormuz will reopen following a US-Iran agreement. This ends a major oil supply disruption. The International Energy Agency predicts a significant oil surplus by 2027. Millions of barrels of Middle East oil output will return to the market.
SEEPCO supplies 6 million barrels of Nigerian crude to Indian refiners
Amidst West Asia crisis concerns, India's state-run refiners diversified oil supplies by sourcing nearly six million barrels from Nigeria's SEEPCO between March and May 2026. This move, utilizing crude from SEEPCO's Okwuibome field, bypassed the Strait of Hormuz, bolstering India's energy security during global uncertainty.
US-Iran truce lifts markets; Sensex gains 736 points as oil prices fall
Indian equities advanced along with global markets after the US and Iran agreed on a framework to end the conflict, raising hopes of lower energy prices
Ashok Leyland, Tata Motors and other CV stocks soar up to 9%. What’s triggering the surge?
US and Iran have reached an initial peace agreement to end their nearly four-month conflict, restore shipping through the Strait of Hormuz, and ease global energy disruptions. The deal, to be signed in Switzerland on June 19, also covers broader regional issues including Lebanon. This development has boosted market sentiment as oil supply concerns begin to ease.
Mcap of 8 most valued firms surges by ₹1.90 trn, ICICI Bank shines
The combined market valuation of eight of the top-10 most valued firms surged by Rs 1.90 lakh crore last week, with ICICI Bank stealing the show, in tandem with a rally in equities. Last week, the BSE benchmark Sensex jumped 1,284.61 points, or 1.73 per cent, and the NSE Nifty surged 256.2 points, or 1 per cent. "Indian equity markets ended a volatile week on a strong note, snapping a two-week losing streak amid improving global sentiment and supportive measures from the Reserve Bank of India (RBI) aimed at attracting foreign currency inflows," Ajit Mishra, SVP, Research, Religare Broking Ltd, said. Investor confidence improved on optimism surrounding a potential USIran peace deal, which raised hopes of easing geopolitical tensions and stabilising energy markets, he added. From the top-10 pack, Reliance Industries, HDFC Bank, Bharti Airtel, ICICI Bank, State Bank of India, Bajaj Finance, Larsen & Toubro and Hindustan Unilever were the winners, while Tata Consultancy Services (TCS)
HVR Solar signs global MoUs to set up 1.2 GW TOPCon solar cell manufacturing facility in Uttar Pradesh
HVR Solar Ltd is establishing a 1.2 GW TOPCon solar cell manufacturing line in Uttar Pradesh through strategic MoUs signed at SNEC PV Power Expo 2026. Partnering with global technology providers, the facility aims to boost India's domestic renewable energy supply chain, reduce import reliance, and create over 500 local jobs.
Rupee rises 39 paise against US dollar as crude oil prices ease
Indian rupee opens 39 paise stronger against US dollar as crude oil prices fall on renewed US Iran deal hopes, easing energy cost concerns.
India Restricts Sale Of High-Speed Diesel, Motor Spirit At Retail Outlets For 90 Days
Shares of oil marketing companies including Bharat Petroleum Corporation Ltd., Hindustan Petroleum Corporation Ltd. and Indian Oil Corporation Ltd. could be in focus following the development.
Prozeal Plans To Launch Rs 700-Crore IPO In Q2; Bags Rs 2,000-Crore Contract From ONGC
This project will further strengthen Prozeal's position in India's renewable energy ecosystem.
China stocks dip as Middle East tensions pressure markets
Chinas large oil reserves and growing renewable energy sector have softened the blow from higher energy costs, but prolonged price pressures could hurt company profits and household spending. On the corporate side, Eoptolink Technology plunged nearly 32% after announcing plans to list in Hong Kong. Other big names also slipped, including China Mobile (-1.34%), Foxconn Industrial Internet (-2.26%), and Zijin Mining Group (-1.34%).
Fueling Demand: Inside India’s ethanol mobility revolution in reverse
India is launching an ambitious green mobility initiative. The country is establishing E100 fuel stations nationwide before flex-fuel vehicles become common. This strategy aims to reduce oil imports and boost the rural economy. Major automakers are now introducing flex-fuel cars and motorcycles. This rapid development marks a significant shift in India's energy landscape.