Market analysts attributed the sharp spike in crude oil prices to supply disruptions amid concerns that output from key West Asia producing regions may remain constrained for longer
The Nifty rollovers to May were below average, suggesting a likely cautious stance among participants and slight hesitation to carry forward aggressive bets, says Axis Securities.
ONGC and Oil India are key beneficiaries if Brent price remains elevated above USD 70/bbl as their CMP is discounting ~USD 65/bbl net crude realisation amidst low risk of windfall tax, said analysts.
Crude oil prices fell for a second day on Wednesday on expectations that peace talks between the US and Iran may resume
Iran, according to Nomura's estimates, has been the biggest beneficiary since the war broke out in terms oil revenues that rose 36 per cent y-o-y in March 2026 to $5.7 billion
Crude oil prices topped the $100 per barrel mark after the failure of ceasefire talks between the United States and Iran in Islamabad over the weekend to reach an agreement
Q4 results today: Shares of ICICI AMC, Swaraj Engines, Just Dial Ltd, among others, will be in focus ahead of their quarterly earnings announcement today.
ONGC and Oil India shares fell up to 4% as Brent crude dropped below $100 following a US-Iran ceasefire and easing tensions in the Strait of Hormuz.
Beyond $90/bbl is when the decline steepens and things worsen as inflation starts eating into savings, impacting spend that gets especially bad for consumer sectors, Bernstein said in a recent note.
Nomura believes oil marketing companies (OMCs) are likely to face margin pressure after the government raised prices of aviation turbine fuel (ATF) and commercial liquefied petroleum gas (LPG)
Stocks to buy today: Shrikant Chouhan of Kotak Securities suggests placing bets on ONGC and Emmvee Photovoltaic; here's why
The Government of India has not announced any windfall tax on domestic crude realisations; this is a key positive for ONGC and Oil India, believe analysts.
Thus far in the calendar year 2026, ONGC stock has outperformed the market by soaring 15 per cent, as against 12.8 per cent decline in the BSE Sensex.
Analysts have revised their forecasts for oil & gas prices for the remaining part of 2026 as developments in West Asia continue to unfold.
ONGC plans to spend $18-20 billion to hire deepwater rigs in its largest exploration push, seeking drillships and semi-submersibles for up to five years to boost production
Oil prices rose after Iran attacked several energy facilities across West Asia following a strike on its South Pars gas field, a major escalation in Tehran's war with the US and Israel
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.
At 01:58 PM on Thursday, the Nifty CPSE index was the the top gainer among sectoral and thematic indices, up 2.8 per cent, as compared to 0.4 per cent rise in the Nifty 50.
Nandish Shah of HDFC Securities suggests Oil and Natural Gas Corporation (ONGC) bull call spread for March 30 expiry. Check cost, max profit, breakeven, margin, and technical rationale here
In the past one month, ONGC has outperformed the market by surging 16 per cent, as against 0.87 per cent rise in the Nifty 50.