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Reliance buys 6 million barrels of Russian oil for March, sources say
Reliance Industries has secured millions of barrels of Russian oil for March. This move comes as Middle East oil supplies face disruptions. Indian refiners are taking advantage of a waiver from US sanctions. This allows them to purchase Russian crude. Reliance is buying Urals oil at competitive prices. India remains a significant oil importer.
US urged India to buy Russian oil already at sea to ease supply fears, Energy Secretary says
America has asked India to purchase Russian oil currently at sea. This move aims to ease fears of supply shortages and price increases due to the West Asia conflict. Energy Secretary Chris Wright stated this is a short-term measure to stabilize the market. He mentioned discussions with Indian authorities about redirecting oil to Indian refineries.
What Iran war means for Vedanta, Tata Steel and other metal stocks? CLSA analysts explain
Rising tensions in the Iran war could reshape the outlook for Indian metal stocks, with CLSA flagging Vedanta as a key beneficiary due to its aluminium, zinc and oil exposure. Tata Steel may also gain from stronger steel spreads, while energy costs, freight disruptions and geopolitical risk could keep commodity prices elevated.
Reliance Industries, ONGC shares climb up to 3% as Iran war lifts oil prices by another 30%
Indian oil stocks rallied as crude prices jumped significantly. The escalating conflict in the Middle East triggered supply concerns. This surge benefits companies like ONGC. However, higher oil prices increase India's import bill and pressure the rupee. Experts predict further price increases, impacting inflation and equity valuations.
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
Reliance, OMCs in focus as US allows India to buy stranded Russian oil
The US has issued a 30-day waiver permitting Indian refiners to buy Russian crude that is already in floating storage until early April.
Steel player BMW Inds partners with IOC for PNG supply at Bokaro facility
Under the partnership, IOC will supply PNG to the plant, enabling Kolkata-headquartered BMW Industries to transition towards cleaner energy sources and improve operational efficiency while reducing the carbon footprint of its manufacturing processes. Shares of BMW Industries ended 2.6% lower at ₹33.46 on the BSE today, March 5.
Oil shock from Iran war raises risks for India’s stock market; here’s how
Escalating Middle East tensions are pushing oil prices higher, significantly impacting India's beaten-up equities and widening their underperformance against global peers. Analysts warn of further downside for Indian assets due to the country's heavy reliance on imported energy, potentially driving inflation and weakening the economy and currency.
ONGC, Oil India shares gain up to 2% as US, Israel attack on Iran lifts oil to over $80. What’s next for prices?
Middle East tensions are driving up crude oil prices, impacting Indian energy stocks like ONGC and Oil India. Escalating attacks and potential disruptions in the Strait of Hormuz could significantly boost oil prices, raising India's import bill and inflation risks. Analysts warn of substantial price hikes if the conflict widens.
Indian govt assures fuel availability, affordability amid Iran-Israel tensions
The Ministry of Petroleum and Natural Gas reviewed crude and LPG supplies as Iran-Israel tensions pushed up global oil prices and raised concerns over energy security.
Best places to hide in war: 20 stocks analysts say to bet on amid US-Iran conflict
Global markets are experiencing volatility due to Middle East tensions. Indian equities are bracing for this uncertainty. Analysts suggest certain stocks in energy, metals, IT, pharma, defence, and banking could offer relative safety. Investors are advised to watch for opportunities amidst the current market movements. Oil prices and currency fluctuations are key factors to monitor.
Explained: What US-Israel war on Iran means for Indian stock market investors, crude oil and exports
Indian markets fell sharply as US-Israel strikes on Iran triggered geopolitical tensions, pushing crude oil higher and weakening the rupee. Analysts warn of macro risks if the conflict prolongs, with energy, defence and IT stocks seen as relative beneficiaries, while OMCs, airlines and export-linked firms face immediate pressure.