Oil and Gas Sector

Global crude oil prices surged as escalating US-Iran military tensions triggered fears of supply disruptions from the Middle East. Brent crude climbed above $91 per barrel, while gold prices gained as investors turned toward safe-haven assets amid heightened geopolitical uncertainty.

Vedanta Ltd and its newly demerged entities Vedanta Aluminium Metal and Vedanta Oil & Gas have received rating upgrades from CRISIL, highlighting stronger business profiles, improved financial flexibility and lower leverage. The upgrades support investor confidence as Vedanta focuses on growth across zinc, aluminium, oil & gas and other natural resource businesses.

Indian benchmark indices ended largely unchanged on July 16, 2026, with IT and Auto stocks supporting the market while Realty and Financial Services lagged. Rising Brent crude prices, fresh US-Iran tensions, weak global cues, and profit booking ahead of the Q1 earnings season kept investor sentiment cautious despite selective sectoral gains.

Swiggy Instamart and HPCL have launched India's first on-demand LPG cylinder delivery service through a quick-commerce platform. The pilot begins in Bengaluru, offering 5 kg and 10 kg cylinders without requiring an existing HP Gas connection, while Swiggy stock gained 1.06% following the announcement.

Sensex and Nifty ended nearly flat after recovering from sharp early losses. A strong rally in TCS, HCL Tech, and the IT sector offset weakness in FMCG, metals, and defence stocks amid geopolitical concerns and higher crude oil prices.

Indian markets ended sharply higher on July 10, 2026, with Sensex rising 827 points and Nifty gaining 244 points. Strong TCS Q1 FY27 results, a rally in IT stocks, lower crude oil prices, easing volatility, and positive global cues supported investor sentiment. Realty, PSU banks, and financial stocks also witnessed strong buying during the session.

ONGC has approved a 1.75 million metric tonne Strategic Petroleum Reserve project at Mangalore, Karnataka, marking a major step toward enhancing India’s energy security and reducing dependence on global crude supply disruptions.

Adani Group shares traded higher on Friday, led by Adani Total Gas, Adani Green Energy and Adani Enterprises. The rally was supported by positive business updates, clean energy expansion and investor confidence.

Indian benchmark indices witnessed a broad-based sell-off on July 8, 2026, with the Nifty 50 and Sensex declining more than 2% as renewed US-Iran tensions, soaring crude oil prices, a weaker rupee, and rising market volatility dented investor sentiment. Banking and financial stocks led the decline, while most sectoral indices ended deep in the red amid growing geopolitical uncertainty.

Brent crude prices surged over 3% to above $76 a barrel after renewed US-Iran tensions threatened global oil supplies. Markets are closely watching developments in the Strait of Hormuz and the impact of sanctions on Iranian oil exports.