In the past one month, the BSE Oil & Gas index has outperformed the market by gaining 2.2 per cent, as against 2.2 per cent decline in the BSE Sensex.
Stocks to buy: Ajit Mishra of Religare Broking recommends buying BPCL, Indus Towers, and REC; also suggests Nifty trading strategy
Aakash Shah, technical analyst at Choice Equity Broking expects ONGC, Oil India and BPCL to gain up to 10 per cent from here based on the strong chart patterns.
At 11:21 AM on Wednesday; the BSE Oil & Gas index was the top gainer among sectoral indices, up 2.4 per cent, as compared to 0.16 per cent decline in the BSE Sensex.
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The refiner is now able to process heavy Venezuelan crude at its Kochi and Bina refineries, following upgrades that have enhanced the complexity of its refining system
Indian refiners say only small volumes of Venezuelan crude are being offered as most supplies are directed to the United States
Stocks to Watch today: Axis Bank, UltraTech Cement, IndusInd Bank, BPCL, Pine Labs, JSW Steel and PVR Inox are among the stocks to watch today, January 27, 2026
Domestic refiners are scouting for additional crude supplies from traditional sources while also exploring new geographies
BPCL reported a sharp rise in profit in Q3FY26 as revenue grew 7.1 per cent year on year to ₹1.36 trillion, while the board approved an interim dividend of ₹10 per share
Indian refiners are redrafting their oil import strategies, buying more oil from Middle Eastern, African and South American countries to make up for a reduction in Russian oil supplies
HPCL has retreated sharply from its all-time high, and also underperformed its peers BPCL and IOC in the month of January thus far. Tech chart shows the stock is trading at the 200-DMA on Friday.
Indian Oil and a BPCL arm have reported a new oil find in Abu Dhabi through their joint venture. The discovery follows an earlier find in 2024, the company said
The US President Donald Trump approved a bipartisan Bill titled the 'Sanctioning of Russia Act 2025', according to US Senator Lindsey Graham
Reliance Industries was the biggest dragger on the Nifty Oil & Gas Index, while ONGC helped limit the losses on Tuesday.
Motilal Oswal expects its coverage universe to report a 4 per cent Y-o-Y decline in sales in Q3FY26, while Ebitda and PAT are projected to grow 16 per cent and 25 per cent Y-o-Y
Geojit Investments has a positive outlook on the overall market driven, mainly, by expectations of easing geopolitical risks and moderating tariff differences in 2026
From a technical standpoint, the Nifty has once again approached the upper end of its prevailing consolidation range near 26,200
OMC's are well positioned to benefit from fall in crude prices, improvement in refining margins, fuel consumption growth and petchem demand growth in India.
Stocks to Watch today, Dec 19: ICICI Pru AMC, HCLTech, BPCL, Airtel and RIL are among other shares that will be in focus today