OMCs HPCL

Easing geopolitical tensions in West Asia and a sharp fall in crude oil prices lifted sentiment for oil marketing companies.

Sensex Today | Stock Market LIVE Updates Thursday: The GIFT Nifty indicated a gap-down open for the Nifty50 index. Most Asian markets advanced, tracking overnight gains on Wall Street

The state-owned refiner's Q1FY27 results came under pressure due to a net loss of ₹12,264 crore in Q1FY27, compared to a profit of ₹4,110 crore in Q1FY26.

Oil prices slipped to a two-week low on Monday amid optimism over a potential US-Iran agreement

Analysts have revised their forecasts for oil & gas prices for the remaining part of 2026 as developments in West Asia continue to unfold.

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

Kunal Kamble, technical analyst at Bonanza helps decode a trading strategy in oil & gas related stocks as Crude Oil prices surge to a multi-year high around $119 per barrel on Monday.

Despite the near-term volatility, HPCL's valuations remain reasonable, the brokerage noted. The stock trades at 1.4x one-year forward price-to-book, slightly above its long-term average of 1.2x.

In the past six months, Nifty Midcap 150 index has outperformed the market by surging 10 per cent, as against 5.3 per cent rally in the Nifty 50.

HPCL share price outlook: While OMCs near-term earnings will remain strong (despite oil price spike), Kotak Institutional Equities said key concerns remain on the lack of pricing power and large capex

Technically, HPCL, BPCL stock seem to be favourably placed on the charts with key support at ₹ 324 and ₹ 255, respectively. IOC stock chart however flags a caution sign.

The Indian government has increased the price of a 14.2 kg LPG cylinder by ₹50. Simultaneously, the government has raised the excise duty on petrol and diesel by ₹2 per litre, a move impacting OMCs.

According to HPCL, India's ambitious goal of expanding road connectivity, manufacturing, and construction activities is expected to support economic growth and further drive oil consumption in India.

Oil & Gas stocks outlook: Indraprastha Gas and Mahanagar Gas are awaiting a breakout from a narrow trading band, show technical charts.

All you need to know before the market opens on Thursday, May 09: Stock specific action likely to dominate trading sentiment today. Check key levels for the Nifty and Bank Nifty by market experts here

According to reports, Egypt has revived stalled negotiations between the Israel-Hamas for a ceasefire agreement, thereby pushing crude oil prices lower.

OMC stocks are displaying bearish sentiment, if fails to hold key supports then could enter medium-term selling bias.

The state-owned oil marketing company reported the second straight quarterly loss despite revenue rising 30 per cent to Rs 1.13 trillion.

Stocks like HOEC, HPCL, ONGC and Pidilite can rally up to 10 per cent in the near term.

HPCL, BPCL and IOC were down between 3% and 5% on the BSE in early morning trade, but recouped losses partially as trade progressed