Market News
Stay updated with the latest market trends, earnings, and economic indicators.
GAIL, Petronet LNG climb up to 2.5% after Kotak sees strong June quarter
Kotak said the June quarter has been ‘a turbulent quarter’ for the oil and gas sector as the ‘West Asia conflict’ led to ‘supply disruptions, along with elevated and volatile prices/margins.’
Closing Bell: Sensex, Nifty end flat amid volatility; pharma, oil & gas gain, media falls
Bharat Electronics, Adani Ports, Sun Pharma, Bharti Airtel, Maruti Suzuki were among major gainers on the Sensex, while losers were Power Grid Corporation, Trent, Bajaj Finserv, HDFC Bank and Eternal. Among sectors, auto, pharma, oil & gas, PSU Bank telecom, metal added 0.4-1%, while media index shed 0.7%. Nifty Midcap index rose 0.6%, while smallcap index ended flat.
Buy Oil and Natural Gas Corporation; target of Rs 332: ICICI Securities
ICICI Securities is bullish on Oil and Natural Gas Corporation has recommended buy rating on the stock with a target price of Rs 332 in its research report dated February 15, 2026.
Neutral ONGC; target of Rs 245: Motilal Oswal
Motilal Oswal recommended Neutral rating on ONGC with a target price of Rs 245 in its research report dated February 14, 2026.
OMCs, Petronet gain on US-Iran peace hope; Nomura says reopening of Hormuz favours downstream oil & gas stocks
Nomura said OMCs, city gas distributors and Petronet LNG are likely to be the biggest beneficiaries of the reopening of the Strait of Hormuz following the preliminary US-Iran peace agreement. OMCs stand to gain through lower input costs and reduced LPG under-recoveries.
Markets Erase Gains as Metals Drag; IDBI Bank Bid Race Heats Up | Closing Bell
Markets surrendered early gains as metal stocks dragged benchmarks lower, with the Nifty hovering near 24,100 despite strength in auto counters. ONGC, Hindalco and Power Grid led the losers, while InterGlobe Aviation, M&M and Maruti Suzuki outperformed. In corporate news, Amazon CEO Andy Jassy met PM Narendra Modi and announced an additional $13 billion investment in India, taking Amazon's planned investment to $48 billion through 2030. Fairfax is reportedly back with a fresh bid for IDBI Bank, valuing the lender at ₹77 per share and potentially unlocking a ₹50,000 crore divestment for the government and LIC. Meanwhile, uncertainty continues around Tata Sons as RBI is yet to decide on its NBFC deregistration request, keeping the possibility of a future listing alive. Catch all the key market moves, corporate developments and top business headlines in this edition of Closing Bell.
Taking Stock: Nifty hits 11-month low, ends below 23,900; Sensex declines 1,342 pts
On the sectoral front, auto, FMCG, PSU Bank, Consumer Durables, Private Bank, Capital Goods, IT, realty shed between 1-3%, while oil & gas, pharma indices ended with marginal gains.
Closing Bell: Market sinks on ceasefire worries; Nifty below 23,800, Sensex tanks 950 pts
On the sectoral front, oil & gas, PSU Bank, Infra, Consumer Durables, and Private Bank shed between 0.4-2%, while metal, power, pharma added 0.5-1%. L&T, Interglobe Aviation, HDFC Bank, Shriram Finance, Jio Financial are among biggest losers on the Nifty, while gainers included Dr Reddy's Labs, Hindalco, Bajaj Auto, Bharat Electronics, ONGC. Nifty Midcap and Smallcap ended on a flat note.
Vedanta Oil and Gas shares jump 20% since listing last month; check what brokerages say
At Thursday's high of Rs 45.69, the Vedanta Oil and Gas stock was up more than 20 percent from its NSE listing price.
Taking Stock: Markets snap 2-day fall; Sensex up 395 pts, Nifty above 23,200
Biggest Nifty gainers were Interglobe Aviation, Jio Financial, Eicher Motors, SBI, Apollo Hospitals, while losers included ONGC, Titan Company, NTPC, Power Grid Corp and Tech Mahindra.
Gas stocks jump as supply fears ease after govt steps; Adani Total Gas surges 9%, MGL, Petronet LNG gain
Energy-linked stocks bucked the trend of broader market fall, with the Nifty Energy index rising about 1.9 percent and the Nifty Oil & Gas index gaining around 0.9 percent. The rally in gas stocks followed the government’s move to stabilise domestic fuel supplies amid geopolitical disruptions.
Nifty Auto crashes over 3% as crude tops $100 again, LNG fears add pressure; M&M, Maruti among top Nifty losers
The Nifty Auto index ended 3.2 percent lower, the steepest fall among sectoral indices, as rising energy costs and supply-chain concerns weighed on stocks. High crude oil prices can add to fuel cost pressures for customers, while shortage of gas could disrupt component production.