Oil and Gas Sector

Reliance Industries shares rebounded after a short-term correction as investors grew optimistic about improving diesel refining margins and potential catalysts such as a Jio IPO and telecom tariff hikes. However, cyclical refining margins and potential windfall taxes remain key risks to watch.

Indian equity markets ended higher with the Nifty 50 closing at 24,765.90 and the Sensex rising 899 points to 80,015.90. The rally was driven by easing geopolitical tensions involving Iran, strength in global markets, a rebound in the rupee, and strong buying interest in refinery stocks led by Reliance Industries.

Indian equities are set for a cautious start as rising crude oil prices and geopolitical tensions weigh on global sentiment. While oil-sensitive sectors may face pressure, investors will watch whether volatility turns into opportunity or signals a deeper correction.

After a week packed with major triggers like the Union Budget, the Indo-US trade deal, and the RBI policy, markets now turn to assessing real impact. The coming week will focus on how the trade deal affects exports, imports, currency risks, and overall market direction, along with key inflation and global data cues.

Stocks in focus on year-end: PowerGrid wins BESS project, RITES bags $3.6 mn order, Privi sees ₹700 Cr block deal, IFCI exits NEDFi stake, Bharat Forge wins ₹1,662 Cr defence order.

As per DRHP, promoters Padam Kumar Agarwala, and Varun Agarwal will be offloading 72.13 lakh equity shares.

Linde India will take over two air separation units currently under development at the factory as part of the agreement.

Gujarat Gas is India's largest city gas distribution company, supplying around 11 million cubic meters of natural gas each day.

The company stated that its revenue from operations increased by 4.30% to ₹35,266.4 Crore, compared to ₹33,814.33 Crore.

Indian Oil Corporation Limited (IOC) raised prices of aviation turbine fuel (ATF) and 19-kg commercial liquefied petroleum gas (LPG) cylinders effective August 1.