Thu, Jul 11, 2024
Oil and Gas Stocks: Brokerage firm Macquarie is cautious on stocks of oil and gas companies and has downgraded valuations of many of them.
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Wed, May 01, 2024
Oil and gas sector represents some of the largest companies in India. These companies are either produce or market oil. The main index that represents oil and gas companies in India is Nifty Oil and Gas index (NIFOILGAS).
Tue, Dec 19, 2023
Applied from December 19, the petroleum ministry has cut Special Additional Excise Duty (SAED) on domestically produced crude oil from Rs 5,000 per tonne to Rs 1,300 per tonne. Simultaneously, SAED on diesel exports has been scaled down from Rs 1 per litre to Rs 0.50 per litre.
Tue, Oct 03, 2023
Oil and gas stocks were a mixed bag after the government revised the windfall tax on domestically produced crude oil.
Oil and gas stocks were in the spotlight on Dalal Street, as market participants returned to trade on October 3 after a long weekend. While stocks of oil refiners ONGC and Oil India were under pressure owing to the Centre's move to raise a windfall tax on domestically-produced crude oil, shares in gas distributors Gujarat Gas, MGL and IGL were in demand following an increase in natural gas prices.
Wed, Aug 30, 2023
While GAIL, Indraprastha Gas, Mahanagar Gas, ONGC were trading in the green; Gujarat Gas is flat; and IOCL and Bharat Petroleum were trading down on Wednesday morning.
Fri, Aug 11, 2023
State-run oil and gas explorer ONGC reported a standalone net profit of Rs 10,015 crore for the quarter ended June 30, almost in line with analysts' estimates.
Fri, Nov 25, 2016
Where BSE Sensex and NSE Nifty were trading over 27,000- and 8,500-mark before the demonetisation announcement, are now hovering around 26,000- and 8,000 levels.
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