Market News
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India plans to add strategic fuel reserves after Iran war shock
India is bolstering its energy security by planning strategic reserves of crude oil, LPG, and LNG to cover up to a month's demand, aiming to prevent supply disruptions like those seen during the Persian Gulf crisis. This ambitious move follows a review of existing, limited stockpiles and includes expanding underground crude storage and addressing the challenges of storing gas.
Morgan Stanley Warns of Global Oil Glut, Cuts Outlook on Hormuz
Morgan Stanley said it counted 35 oil and gas tankers exiting the Persian Gulf through the strait on Thursday - the first time the level returned to the 30-to-40 range typical before the conflict started in February.
ONGC Share Price Live Updates: ONGC Market Activity Update
MGL rides PNG adoption wave, analysts see further upside
Mahanagar Gas shares have surged on government's push for piped natural gas adoption, aiming for a 20% customer base increase. This move is expected to significantly boost PNG consumption and accelerate volume growth. Despite a recent rally, the stock's valuation remains attractive, with analysts predicting future earnings growth and potential for a re-rating as margin pressures ease.
Welspun Corp stock zooms 111% from February low; here's why
The medium to long term business outlook for Welspun Corp continues to remain positive across all its businesses, supported by strong focus on Oil & Gas, energy security and transition initiatives.
Oil & Natural Gas Corpn Ltd down for fifth straight session
Oil & Natural Gas Corpn Ltd is quoting at Rs 232.05, down 0.45% on the day as on 13:19 IST on the NSE. The stock tumbled 4.98% in last one year as compared to a 6.14% slide in NIFTY and a 8.21% spurt in the Nifty Energy index.
ONGC gains on appointing Anupam Agarwal as CFO
Oil and Natural Gas Corporation (ONGC) rose 1.33% to Rs 236.30 after company has appointed Anupam Agarwal, Director (Finance), as its chief financial officer (CFO) & key managerial personnel (KMP) with immediate effect, replacing Yogish Nayak S.
IOC, HPCL to BPCL: OMC stocks dip on rising crude oil prices. ONGC, Oil India stocks gain - Mint
IOC, HPCL to BPCL: OMC stocks dip on rising crude oil prices. ONGC, Oil India stocks gainMint
ONGC Share Price Live Updates: ONGC's Weekly Returns Show a 5.34% Decrease
ONGC elevates finance veteran Anupam Agarwal to CFO
Agarwal, who has more than three decades of experience in finance and commercial management in the oil and gas sector, most recently served as Director (Finance) at ONGC Videsh.
ONGC appoints Anupam Agarwal as CFO
Oil and Natural Gas Corporation (ONGC) said that it has appointed Anupam Agarwal, Director (Finance), as its chief financial officer (CFO) & key managerial personnel (KMP) with immediate effect, replacing Yogish Nayak S.
Benchmarks hold their ground despite late profit booking
The benchmark indices ended marginally higher on Thursday, extending gains for a second straight session. The Nifty climbed to a more than one-month high of 24,261.60 around noon, supported by easing crude oil prices and buying in auto and FMCG stocks. However, profit booking in the second half erased most of the intraday gains, while weakness in metal, IT, oil & gas and energy stocks capped the upside. The Nifty still managed to close above the 24,000 mark. Broader markets underperformed, with the midcap and smallcap indices ending in the red.