Latest news with #Oil&Gas
New Indian Express
6 days ago
- Business
- New Indian Express
Trade pact lifts market sentiment as Sensex rallies 540 points
India's equity market staged a strong rally on Wednesday, buoyed by favourable global cues following the announcement of a bilateral trade deal between the US and Japan. Additionally, progress toward finalising the India-UK FTA has further contributed to the constructive outlook. The BSE Sensex jumped 0.66% or 539.83 points to settle at 82,726.64 while the NSE Nifty gained 159 points or 0.63% to settle at 25,219.90. The broader markets posted a mixed performance, with the Nifty Midcap 100 advancing 0.34%, while the Small Cap index closed flat. 'Continued advancements in global trade negotiations are expected to alleviate near-term trade tensions and foster greater market stability. While elevated valuations remain a concern, the prevailing market strength indicates potential for near-term earnings recovery,' said Vinod Nair, Head of Research, Geojit Investments Limited. On the sectoral front, the Realty index underperformed, shedding 2.6%, followed by the Media (-0.9%) and FMCG (-0.5%) indices. In contrast, Auto, Metal, Oil & Gas, Consumer Durables, Pharma, Private Banks, PSU Banks, and Telecom sectors clocked modest gains in the range of 0.5% to 1%.
Business Standard
17-07-2025
- Business
- Business Standard
India's Petroleum products imports spike 18.4% on year in Jun-25
Data from Petroleum Planning and Analysis Cell has showed that indigenous crude oil and condensate production during June 2025 was 2.3 MMT. There is a de-growth of 0.5 % in crude oil and condensate production during June 2025 as compared with the corresponding period of the previous year. Meanwhile, the Petroleum products or POL products imports increased by 18.4% and 2.9% during June 2025 and April-June FY 2025-26 as compared to the corresponding period of the previous year. Increase in POL products imports during April-June FY 2025-26 were mainly due to increase in imports of liquified petroleum gas (LPG), naphtha and petcoke etc. Total Crude oil processed during June 2025 was 22.1 MMT which is 0.3 % lower than June 2024, where PSU/JV refiners processed 14.8 MMT and private refiners processed 7.3 MMT of crude oil. Total indigenous crude oil processed was 2.2 MMT and total Imported crude oil processed was 19.9 by all Indian refineries (PSU+JV+PVT). There was a de-growth of 0.2 % in total crude oil processed in April-June current Financial Year as compared to same period of previous Financial Year. Crude oil imports increased by 5.0% and decreased by 0.3% during Jun'25 and April-Jun'25 as compared to the corresponding period of the previous year. As compared to net import bill for Oil & Gas for June 2024 of $ 10.8 billion, the net import bill for Oil & Gas for June 2025 was $ 10.0 billion. Out of which, crude oil imports constitute $ 9.7 billion, LNG imports $1.3 billion and the exports were $ 2.9 billion during Jun'25. Production of petroleum products was 23.5 MMT during June 2025 which is 3.3% higher than June 2024. Out of 23.5 MMT, 23.2 MMT was from refinery production & 0.3 MMT was from fractionator. There was a de-growth of 0.1 % in production of petroleum products in April-June FY 2025 26 as compared to same period of FY 2024 25. Out of total POL production, in June 2025, share of major products including HSD is 42.6 %, MS 16.9 %, Naphtha 6.7 %, ATF 5.8 %, Pet Coke 5.2 %, LPG 4.4 %, and rest is shared by Bitumen, FO/LSHS, LDO, Lubes & others. PPAC data showed that the consumption of petroleum products during April-Jun'25, with a volume of 61.8 MMT, reported a degrowth of 1.1% compared to the volume of 61.2 MMT during the same period of the previous year.
New Indian Express
09-07-2025
- Business
- New Indian Express
Indian markets close lower on Wednesday amid profit-taking in IT and oil stocks
CHENNAI: Indian equity markets closed lower today, weighed down by caution ahead of the Q1 earnings season and weak performance in IT and oil & gas stocks. Ongoing foreign institutional investor (FII) selling, alongside mixed global cues and rising oil prices, further dampened sentiment. BSE Sensex ended the day down over 170 points, settling below 83,600, while NSE Nifty50 dipped under 25,500. Sectoral Performance: IT and Oil & Gas were the primary drags, pressured by investor caution ahead of quarterly results. FMCG stocks offered partial support, with moderate gains The stocks in focus today were Vedanta Ltd and Reliance Industries. Vedanta fell sharply, initially down about 7.8% on a Viceroy Research short report and settled around a 4–5% drop. While, Reliance Industries dropped about 1.3%, underperforming the broader market. Market Drivers & Global Context: Oil prices ticked higher amid concerns about Middle East supply, pressuring energy-related stocks. US–India trade uncertainty and global trade tensions stemming from Trump's tariff threats kept markets on edge. FII outflows continued, exacerbating declines in risk-sensitive segments. Asian markets retreated as oil and trade concerns weighed on sentiment, while caution prevailed ahead of key corporate earnings announcements and F&O expiry-related volatility. Outlook Q1 corporate earnings, especially in IT and oil & gas, will be the key focus. Global developments like US tariff announcements, oil supply dynamics, and US Fed policy—remain critical. While the continued FII selling and emerging global headwinds may keep volatility elevated
&w=3840&q=100)
Business Standard
08-07-2025
- Business
- Business Standard
Single-digit earnings growth likely for India Inc in June quarter
Brokerages however expect a further slide in revenue growth due weak demand in key sectors such as Banks, IT Services, FMCG, Automobile, Oil & Gas and mining & metals Mumbai Listen to This Article Brokerages are expecting Indian companies to show another quarter (April-June 2025) of single-digit earnings growth and a further slowdown in revenue. Overall growth in corporate profits in the April-June 2025 quarter (Q1FY26) is, however, likely to be better than in Q4FY25, led by margin gains for commodity producers such as JSW Steel, Hindalco, Reliance Industries Ltd (RIL), Ultratech Cement, and telecom operator Bharti Airtel. According to various brokerage estimates, the combined net profits of the Nifty 50 companies are likely to grow 4.6 per cent year-on-year (Y-o-Y) in Q1FY26, an improvement from 0.5 per cent in Q4FY25 and 3.6 per
Mint
08-07-2025
- Business
- Mint
FPI Tracker: Financials, Oil & Gas drive June inflows; Power, FMCG see sell-off; Here's where the money went
Foreign portfolio investors (FPIs) continued their buying streak in Indian equities for the third consecutive month in June 2025, signaling a strong start to the financial year 2025–26. According to NSDL data, FPIs net purchased Indian stocks worth ₹ 14,590 crore during the month, following net inflows of ₹ 4,223 crore in April and ₹ 19,860 crore in May. While June ended on a positive note, the majority of FPI buying was concentrated in the second half of the month. Between June 1–15, FPIs net sold equities worth ₹ 5,404 crore. However, this was offset by robust inflows of ₹ 19,991 crore during the second fortnight of the month. FPIs exhibited selective buying in Indian equities during June 2025, with a clear preference for Financial Services, Oil & Gas, Automobiles, and Telecommunication sectors. At the same time, sectors like Power, FMCG, and Consumer Durables faced the brunt of selling pressure. Financial Services: Financial Services topped the chart with net inflows of ₹ 8,946 crore. The sector attracted sustained interest throughout the month, with ₹ 4,685 crore coming in during the first half and ₹ 4,261 crore in the second. Oil, Gas & Consumable Fuels: The Oil & Gas sector saw strong inflows of ₹ 6,137 crore, largely driven by second-half purchases worth ₹ 4,938 crore. The sector likely benefited from improving energy demand and global crude market trends. Automobile and Auto Components: Despite a marginal outflow of ₹ 296 crore in the first half, the auto sector saw a sharp turnaround with ₹ 5,020 crore in inflows during the second half, taking the monthly total to ₹ 4,724 crore. Telecommunication: The telecom sector received ₹ 2,733 crore in net inflows, led by a significant ₹ 3,620 crore investment in the second fortnight. This was despite net selling of ₹ 887 crore in the first half. Information Technology: IT stocks drew ₹ 1,166 crore in net FPI inflows, bolstered by ₹ 2,879 crore in the second half, suggesting renewed optimism in the sector's earnings outlook. Other notable gainers included Consumer Services ( ₹ 1,348 crore), Realty ( ₹ 1,341 crore), and Chemicals ( ₹ 2,392 crore). Power: The Power sector faced the steepest FPI selling in June, with net outflows of ₹ 6,311 crore. The selling was consistent across both halves of the month. Fast-Moving Consumer Goods (FMCG): FMCG stocks witnessed net outflows of ₹ 3,985 crore, with most of the selling concentrated in the first fortnight ( ₹ 3,626 crore). Consumer Durables: The sector saw sustained FPI outflows of ₹ 2,493 crore, weighed down by selling in both halves of the month. Capital Goods: Capital Goods stocks saw a reversal in sentiment, with FPIs pulling out ₹ 3,022 crore in the second half, leading to a net monthly outflow of ₹ 1,831 crore. Healthcare: Healthcare stocks recorded net selling worth ₹ 403 crore, with the selling intensifying in the latter half of the month. Other sectors that witnessed net outflows included Metals & Mining ( ₹ 357 crore), Construction ( ₹ 238 crore), and Forest Materials ( ₹ 42 crore). The sectoral shifts in FPI flows for June suggest a pivot toward cyclical and growth-oriented sectors, while defensive and rate-sensitive sectors like FMCG, Power, and Healthcare remained under pressure. With global liquidity conditions and domestic macro indicators in focus, FPI activity in the coming months will likely remain sensitive to policy cues and Q1 results momentum. Disclaimer: The views and recommendations made above are those of individual analysts or broking companies, and not of Mint. We advise investors to check with certified experts before making any investment decisions.
