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Crude Oil Price Spike: HPCL, peers fall up to 5%, gas stocks rally as crude spikes to $113/bbl
Higher crude prices typically weigh on oil marketing companies such as HPCL, BPCL, and IOC, as rising input costs can compress margins. Sectors like paints are also impacted, given that nearly 50% of their raw material costs are linked to crude derivatives.
HPCL, BPCL, IOC shares in focus as oil crosses $100 again: Iran’s new supreme leader warns Strait of Hormuz to remain shut
Shares of HPCL, BPCL and IOC are likely to remain in focus as crude oil prices climbed above $100 per barrel again amid escalating Iran Israel US tensions. Iran’s leadership warned the Strait of Hormuz could remain closed, raising concerns about supply disruption and potential margin pressure for Indian oil marketing companies.
Buy, Sell Or Hold: IOC, Bharat Coking, Shakti Pumps, Doms Industries, TD Power And More — Ask Profit
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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.
Crude oil back above $90 a barrel. How elevated energy prices may impact various Indian sectors?
Crude oil prices surged to nearly $120 a bbl due to the US-Iran conflict, disrupting Middle Eastern energy production. Prices have fluctuated significantly, impacting global markets and raising concerns over economic repercussions, especially for India reliant on imports from the Strait of Hormuz.
Stocks in news: Nazara Technologies, IndiGo, Hindustan Zinc, NTPC Green, RIL
Indian markets saw a strong rebound on Tuesday, recovering some losses. Global cues improved and crude oil price worries eased. Several companies are in focus today. Nazara Technologies saw a significant block deal. IndiGo's CEO stepped down. RIL is boosting LPG production. Vedanta calls for unlocking domestic resources. NTPC Green Energy added new solar capacity.
Top Gainers & Losers on Mar 09: PG Electroplast, HPCL, RVNL, Meesho, Paras Defence, Bank of India among top losers
The escalating US-Iran war is driving the Indian stock market down, with the Nifty 50 and Sensex reaching 10-month lows. Rising crude oil prices and a weakening domestic currency contribute to a decline in investor confidence amid regional chaos.
UBS downgrades HPCL, BPCL, IOC stocks as crude prices breach $100/barrel
UBS' Global Oil team has also raised their near-term oil price forecasts, Q1-26E to $71/bbl (around $80/bbl for March), and the average for 2026 to $72/bbl
Stocks to watch: PB Fintech, Kwality Walls, Tata Power among 10 shares in focus on Monday
Stock market today: The Indian stock market benchmark indices, the BSE Sensex and Nifty 50, are likely to open sharply lower on Monday, tracking a global market sell-off as crude oil prices surged
Shares to buy or sell: Ruchit Jain of Motilal Oswal recommends BEL, and ONGC amid US-Iran war jitters
Indian stock markets fell sharply as Nifty 50 dropped 1.92% and Sensex 2.13% amid rising geopolitical tensions and high oil prices. The Indian rupee hit a record low against the dollar, prompting warnings for traders to remain cautious until a trend reversal occurs.
Top Gainers & Losers on March 02: IndiGo, RVNL, Syrma SGS, LT Foods, Swiggy, OLA among top losers today
On March 2, the Indian stock market fell over 1% amid rising Middle East tensions after US and Israeli attacks on Iran. Iran retaliated, raising fears of war and causing crude oil prices to spike, with Saudi Aramco halting operations at a refinery following a drone strike.
Stock Market Crash: Rs 6.5 lakh cr gone! Sensex slumps 1,000 pts, Nifty below 24,700; Iran-Israel war among 4 factors behind bloodbath
Indian stock markets plunged on Monday, with the Sensex and Nifty falling 2% due to escalating Middle East conflict following the death of Iran's supreme leader. Surging crude oil prices and a weakening rupee further dampened investor sentiment, while foreign investors continued their selling spree.