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Market move▼ Bearish for Indian Oil
D-St set for a cautious opening as GIFT Nifty signals muted start
The brief
- Nifty declined 1.6% amid rising global uncertainties and elevated crude prices
- Elevated crude prices may pressure Indian Oil and other oil-sensitive sectors
| Stock | Traded | That day | vs Nifty | Volume | Since |
|---|---|---|---|---|---|
| IOC | Fri, 25 Sept | −0.4% | −0.8% | 1.0× | −0.4% · Nifty +0.3% |
✓ Classifier read this as negative; IOC fell 0.8% against the Nifty on the day it traded.
- BPCL, HPCL, IOC, ONGC, Adani Power: Morgan Stanley positive on oil stocks, flags 3 surprises
- Petronet LNG shares: Nomura retains 'Buy', target price Rs 345; Kochi pipeline seen driving utilisation
- India’s ethanol industry faces nearly 7-billion-litre capacity glut
- Russian crude cushioned India from oil shock, says Andrey Rudenko
- France to send troops to secure Saudi oil plant as Houthi attacks mount
Indian shares extend their losing streak
Indian equities came under pressure amid global weakness, rising crude prices and bond yields. The Sensex and Nifty recorded a seventh consecutive weekly decline, their longest such streak since 2020, as foreign investors sold ₹11,490 crore of equities over five days.
Friday, 25 September
- D-St set for a cautious opening as GIFT Nifty signals muted start